South Korean steel manufacturer Posco has entered into an agreement with Taiwan-based solid-state battery developer ProLogium to supply cathode, anode, and solid electrolyte materials, according to the EV battery maker.
Less than a year ago, Ford India decided to quit manufacturing in India but later applied for India's incentive scheme to make electric vehicles (EV). Now Ford has made another U-turn, dropping its EV manufacturing plan in India.
TDK has announced plans to construct a new factory building at its manufacturing site in Kitakami, Japan's Iwate Prefecture, for automotive MLCCs. Construction of the factory is scheduled to begin at the end of the company's fiscal year (March 2023), and will be completed in June 2024.
Hon Hai Precision Technology (Foxconn) has reiterated a flat revenue growth outlook for both the second quarter of 2022 and the full year, while order visibility has also strengthened compared to March.
Several Chinese carmakers, including XPeng, GAC Group and Leapmotor, shared their experiences on brand upgrading during a recent online forum, highlighting their efforts of catching up with foreign marques' joint ventures in China and expanding global market presence.
German automaker BMW is adopting Here Real-Time Traffic by Here Technologies to support its connected navigation services (CNS) and predictive routing to personalize driver's journeys by analyzing driving patterns.
Lordstown Motors (LMC), a maker of electric light duty trucks focused on the commercial fleet market, has announced that it has closed the sale of its Lordstown facility and signed a contract manufacturing agreement and joint venture agreement for product development with affiliates of Hon Hai Technology Group (Foxconn).
India wants to transition to electric vehicles quickly. The government has made its intentions clear with subsidies and incentives, while major car OEMs like Tata Motors are gearing up to launch several new electric vehicles.
Amid the Indian government's efforts to encourage battery swapping systems to help electric vehicle (EV) adoption, Sun Mobility, a major BaaS provider in India, is actively forming alliances to expand its battery-swapping network.
Automotive cooling fan supplier Yen Sun Technology has seen no cutback in orders from the China market despite chip shortages and COVID lockdowns in Shanghai and other major Chinese cities, according to the company.