Accord (Honda)

CATL (Contemporary Amperex Technology Co., Ltd.) announced that it has signed a strategic partnership agreement with Beijing Hyundai to cooperate on Beijing Hyundai’s electric vehicle (EV) projects and to power future Beijing Hyundai electric models with CATL batteries.

With the agreement, Beijing Hyundai is expected to launch over 10 global models equipped with CATL’s latest battery technology including CTP (cell to pack) and NP. CATL will leverage its technological advantages to work with Beijing Hyundai to create high-quality automotive products and support Beijing Hyundai’s business growth in China.

CATL and Hyundai have established and strengthened partnership over the past years. In October 2021, CATL and Hyundai Mobis Co., Ltd. signed a technology licensing and partnership agreement, according to which CATL will introduce and disclose its CTP technology to Hyundai Mobis as well as support Hyundai Mobis in the supply of related CTP products worldwide. (From a press release dated April 25, 2024)

On April 30, 2024, Subang Smartpolitan “Green, Smart and Sustainable City”, Indonesia announced the establishment of BYD’s new EV manufacturing plant, making BYD the first largest tenant in the area by occupying an area of over 108 hectares. The handover of land between them will take place in August 2024. BYD plans for phased construction operations, with operations expected to start in January 2026.

BYD will set up its plant in the Phase 2 area of Subang Smartpolitan, specifically in the northern part of the area. This EV plant is expected to generate thousands of new jobs, while increasing technology transfer and expertise in EV manufacturing. This will also encourage the growth of supporting industries in the EV sector and may also open new opportunities for local companies to engage in the global EV supply chain.

BYD Indonesia’s plan will also include a research and development (R&D) center and training facilities with the latest energy-efficient and environmentally friendly technologies. 

According to PT BYD Motor Indonesia, the Subang Smartpolitan industrial area is suitable as it meets BYD’s criteria in terms of size, proximity, environment, and infrastructure requirements. It is also integrated with various national strategic infrastructures including the Patimban Access Toll Road which directly connects to Patimban Port, Kertajati International Airport, and the Trans Java Toll Road which connects to the capital city of Jakarta, Bandung, and other cities in West and Central Java.

(From PT Suryacipta Swadaya press release dated April 30, 2024)

On April 30, multiple sources reported that the production halted at the Stellantis Pomigliano d'Arco plant due to an eight-hour strike per shift organized by trade unions FIM, UILM, FISMIC, and UGLM. The strike aims to address safety concerns and the lack of repairs to the canteen escalator.

During the first round, approximately 90% of workers participated in the strike, according to union reports, while company sources estimate around 70% participation. Workers staged a demonstration outside the plant, with provincial union secretaries in attendance.

Based on multiple sources