Flex completes acquisition of Electrical Power Products May 22, 2026 The transaction is valued at approximately USD 1.1 billion. The addition strengthens Flex’s ability to deliver scalable, customized power control and protection solutions for grid modernization, electrification, and growing data center demand.
Siemens acquires key businesses of Italy’s MERMEC Group May 21, 2026 The transaction will strengthen Siemens’ global rail portfolio, with a particular focus on diagnostics and measurement technologies, while further expanding its signaling activities, industrial footprint, and market access in Italy.
Hyundai expands India network to accelerate battery research May 19, 2026 Solidifying this network, the South Korean company has formalized agreements with four new partner institutions: IIT Kanpur, IIT Hyderabad, Visvesvaraya National Institute of Technology (VNIT) Nagpur and Tezpur University.
Hyundai Mobis develops PE system ready for all EV models May 13, 2026 During the development of its proprietary Power Electric (PE) system model, the South Korean company focused on standardizing key auto components and modularizing them. These include the stator for the drive motor, the inverter and the power module.
Keysight teams up with CATARC to advance charging test tech May 11, 2026 Together, they will address industry challenges across charging compatibility, safety, overseas compliance and charging infrastructure, supporting current and next-gen charging standards, including China’s upcoming National Standard 2024 and international CCS requirements.
Denso withdraws bid for ROHM stake after board fails to secure support May 05, 2026 Less than a year after announcing a strategic semiconductor partnership, Denso has pulled its proposal to acquire shares in ROHM — after failing to secure support from ROHM's board of directors and special committee.
India’s Dhoot Transmission acquires OEM supplier Multilink May 05, 2026 The acquisition aligns with Dhoot’s strategy to capitalize on accelerating trends towards increasing electrification, premiumization and electronic content in vehicles, supported by rising EV adoption.
Arena invests $25M to boost NewVolt charging network April 10, 2026 NewVolt will deliver three open-access, fast‑charging hubs for heavy and medium electric trucks along major freight corridors in Melbourne’s west, south-east and northern suburbs.
Matter partners with Iontra to boost AI-led battery intelligence April 07, 2026 By embedding Iontra’s intelligence at the edge, Indian electric mobility company Matter enables faster and safer charging without hardware changes, improves reliability under demanding Indian conditions, and reduces lifetime ownership costs.
Flex to acquire Electrical Power Products in $1.1 billion deal March 30, 2026 Electronics manufacturing services provider Flex has entered into a definitive agreement to acquire US-based Electrical Power Products (EP2), a supplier of engineered-to-order electrical power control and protection systems. The transaction is valued at approximately USD 1.1 billion, including anticipated tax benefits of around USD 0.1 billion.
Siemens, Akiem launch new Vectron Dual Mode locomotives March 25, 2026 The locomotives can operate both under overhead line power and on non-electrified sections using traction batteries. Siemens Mobility will deliver the first locomotives from 2029/2030.
ABB to invest $75 million in India to expand manufacturing and R&D March 11, 2026 ABB plans to invest approximately USD 75 million in India during 2026 to expand its manufacturing capacity and research and development activities across several locations in the country.
LGES subsidiary opens battery manufacturing plant in Canada March 09, 2026 Backed by more than 5 billion CAD (about USD 3.7 billion) in investment, NextStar Energy has onboarded 1,300 direct employees, with a long-term goal of 2,500 direct employees as it scales to full production.
Honeywell delivers battery manufacturing automation to Alabama lab March 06, 2026 The battery manufacturing automation platform is designed to optimize operations by improving cell yields and expediting facility startups for battery manufacturers at any scale.
Hitachi Energy integrates Pakal’s IGTO into ≥3.3 kV power modules February 27, 2026 Hitachi Energy and Pakal Technologies have announced a collaboration to develop next-generation high-voltage silicon power semiconductor modules rated at ≥3.3 kV.
Finland’s R&D model and its role in the electronics industry February 03, 2026 In a recent analysis, Evertiq explored which countries dominate global R&D spending. Viewed through the lens of absolute investment volumes, the picture is largely shaped by the United States and China, followed by established industrial powerhouses such as Germany, Japan and France. Shifting that lens away from global heavyweights and toward a smaller, highly R&D-intensive economy reveals a different dynamic — one where the relationship between research investment and industrial capability becomes more clearly defined. Finland provides a useful case for understanding how research investment translates into industrial capability.
Eaton to spin off Mobility Group into independent company February 02, 2026 Eaton has announced plans to separate its Vehicle and eMobility segments, collectively known as Mobility Group, into a standalone, publicly traded company.
Wallbox, Eneco partner to expand EV infrastructure in Benelux January 29, 2026 Under the agreement, Wallbox will supply its commercial AC charger, eM4 Twin, as the primary hardware solution for initial Dutch deployments through Eneco eMobility’s installation network.
L-Charge raises $10M to fund new deployments and scale January 26, 2026 The investment will support rapid growth in installations in the rideshare, last mile delivery, fleet segments and the expansion of US company L-Charge’s service and sales teams.
PNE partners with Honda to advance battery recycling tech January 26, 2026 The agreement reflects Honda Motor’s and Princeton NuEnergy’s (PNE) shared intention to strengthen the circular battery materials supply chain and US energy independence through innovative recycling and rejuvenation pathways.
Syensqo, Axens launch Argylium to boost battery tech in Europe January 12, 2026 The new company, Argylium, is dedicated to the development and scaling up of materials for solid-state batteries.
onsemi to develop next-gen GaN power devices with GF January 02, 2026 onsemi will pair its silicon drivers, controllers and thermally enhanced packages with GlobalFoundries’ 650V GaN technology platform to deliver optimized gallium nitride (GaN) devices with higher power density and efficiency.
ABB boosts grid automation offerings with Netcontrol acquisition December 29, 2025 ABB’s electrification portfolio combined with Netcontrol’s advanced grid automation solutions will help customers on their journey to digitalize the power grid. Headquartered in Helsinki, Netcontrol has around 100 employees.
Cyient acquires majority stake in Kinetic Technologies December 19, 2025 It brings together Cyient Semiconductors’s design expertise with Kinetic Technologies’s portfolio of high-performance analog and mixed-signal ICs, including power conversion solutions, display power, protection and interface solutions.
The world reorders its minerals: rare earths at the close of 2025 December 19, 2025 As 2025 draws to a close, the rare earths and critical minerals sector no longer feels like a niche concern reserved for mining specialists and policy papers. It has become one of the quiet fault lines of the global technology economy. Not because the world suddenly ran out, but because access to them – predictable, affordable and politically neutral access – can no longer be taken for granted.
Kitron receives order valued at €44 million December 19, 2025 EMS provider Kitron has received an order valued at EUR 44 million for the production and supply of advanced electronic components used in energy storage and electric grid balancing systems.
AESC starts production at UK battery gigafactory in Sunderland December 18, 2025 Automotive Energy Supply Corporation (AESC) has launched its new electric vehicle battery gigafactory in Sunderland, UK, with production now underway.
Xing partners with Ideenion to advance EV tech in Europe December 08, 2025 Together, the companies will co-develop next-generation electrification solutions for high-performance and commercial vehicles, marine platforms, and energy storage systems, with a strong focus on the European market.
Incap to acquire Germany-based Lacon Group December 04, 2025 Finish EMS provider Incap Corporation has agreed to acquire Lacon Group, a German EMS and ODM company, in a transaction valued at a minimum of EUR 50 million.
Octillion achieves solar-powered manufacturing at India facility December 03, 2025 The factory in Pune, India, manufactures next-gen battery systems for electric vehicles. New solar panel installation brings Octillion's Pune facility's solar capacity to 545MWh of annual energy production.
Varroc to supply High Voltage electronics to EV OEM customer December 01, 2025 Under the agreement, the Indian automotive supplier will deliver comprehensive High Voltage Electronics for a range of high-performance e-powertrain components, including power electronics unit, inverters, onboard chargers, BMS, and DC-DC converters.
Hyundai advances battery tech with $820 million Korea campus November 28, 2025 Hyundai Motor Group’s Future Mobility Battery Campus in Anseong, South Korea, spans 197,000 m² with a total floor area of 111,000 m². Completion is targeted for the end of 2026.