On May 16, Endurance Technologies Limited announced that it has remitted the full purchase consideration of approximately. INR 75 million for the acquisition of the remaining 38.50% equity stake in Maxwell Energy Systems Private Limited (Maxwell). This payment was made by the terms of the share purchase agreement (SP

On May 19, Euler Motors announced the closure of its Series D funding round, raising a total of INR 6.38 billion. The funding was led by Hero MotoCorp, along with participation from existing investor British International Investment (BII), the UK’s development finance institution.
Euler Motors stated that the proceed

On May 19, Hindustan Media Ventures Limited (HMVL) announced that its board of directors has approved an investment of up to INR 77.1 million in VIR Mobility Private Limited (VIR Bike). The investment will be made by subscribing to equity shares of the company.
VIR Mobility, incorporated in 2024, operates in the elec

On May 16, PPAP Automotive Ltd announced that it secured lifetime orders worth approximately INR 6.01 billion during FY 2025. The company reported continued growth in the electric vehicle (EV) segment, with new EV business contributing INR 2.08 billion, while non-EV platforms accounted for INR 3.93 billion in new ord

On May 17, Himadri Speciality Chemical Limited announced an investment of AUD 4.17 million in Sicona Battery Technologies Pty Ltd. This transaction marks the first tranche of a larger investment commitment.
The announcement follows the company’s disclosure dated May 13, 2025, wherein it has approved a total investmen

On May 16, Lumax Auto Technologies Limited announced that its board of directors has approved the acquisition of the remaining 25% shareholding in IAC International Automotive India Private Limited (IAC India) from its existing shareholder, IACG Holdings LUX SARL (IAC Lux). The acquisition will be executed through a

On May 14, AVL inaugurated new high-speed oval track at the ZalaZONE proving ground.
The track, spanning 4,450 meters, is engineered for advanced vehicle dynamics and durability testing. It includes two 950-meter straight sections and two 1,275-meter curved sections with a 350-meter radius. The four-lane track featur

On May 16, Changan partnered with Autohellas Group, one of Greece's prominent automotive groups, for the distribution of its fully electric and plug-in hybrid cars in Greece.
The company will launch its first two fully electric models, the mid-sized SUV Changan Deepal S07 and the compact SUV Changan Deepal S05, for t

On May 13, Syensqo announced that it has been selected by Volvo Cars for their new 800V BEV platform.
In the partnership, Syensqo will be delivering its Ajedium PEEK slot liner solutions and KetaSpire PEEK magnet wire coating to boost emotor performance, efficiency, and durability.
Based on Syensqo social media upda

Autoneum Holding Ltd. (Autoneum) has signed an agreement to acquire all shares of Chengdu FAW-Sihuan Interior Parts Co., Ltd., a Chinese automotive supplier of acoustic and thermal management components, for around CHF 16 million. The transaction is expected to close in July 2025.
Established in 2011, Chengdu FAW-Sih

On May 19, Mitsubishi Fuso Truck and Bus Corporation (MFTBC) announced an update on Rosa microbus, which meets the 2025 heavy duty vehicle fuel efficiency standards in Japan. Dealership will start receiving the updated model starting from May.
Updated Rosa will be available in short body, long body, and super long bo

On May 13, SAIC-GM-Wuling (SGMW) signed a strategic cooperation agreement with Anhui Zhongding NVH Co., Ltd. (Zhongding NVH) in Liuzhou.
The two companies will launch in-depth cooperation in key areas such as New Energy Vehicle (NEV) chassis and shock absorption systems, and build new production lines at a pan-alumin

According to information on the China (Shanghai) Pilot Free Trade Zone (SHFTZ) website dated May 12, Xiaomi EV recently signed a property lease agreement with Xin Development Company, a Waigaoqiao Group subsidiary, to establish a flagship center in the third phase of the Xin Park complex, neighboring prestigious auto

On May 9, Toyota China announced the establishment of Hunan Yunchu Siweipu New Energy Technology Co., Ltd. (Yunchu Siweipu) with two China Minmetals Corporation (Minmetals) subsidiaries and Meiwa (Shanghai) Corporation (Meiwa). The registered capital totals CNY 100 million.
Information from the National Enterprise Cr

Announced on May 13, 2025, Daihatsu recorded retail sales of 46,718 units in Indonesia during the first 4 months of 2025 (down 24.1% YoY), securing a 17.5% share of the national automotive market.
Daihatsu’s sales were driven by the Sigra LCGC MPV, which achieved 14,809 units and contributed 32%, followed by the Gran

On May 15, 2025, Neta Auto Malaysia addressed false rumors circulating online about the bankruptcy of its parent company, Hozon Auto. The company clarified that the issue stems from a debt dispute involving a creditor, YuXing Advertising, which filed a bankruptcy application, a standard legal procedure in such cases.

Ningbo Joyson Electronic Corp. (Joyson Electronic) announced that it will provide advanced intelligent assisted driving domain controllers for several models of a well-known Chinese independent automaker.
To date, Joyson Electronic has developed Level 1 to Level 4 assisted driving solutions based on different chip pl

Huizhou Desay SV Automotive Co., Ltd. (Desay SV) announced that Great Wall Motor’s new WEY 80 MPV features its IPU04 domain controller.
The new WEY 80 is equipped with the Coffee Pilot Ultra combined assisted driving system, which, with the IPU04 domain controller as the core, integrates 27 high-precision sensors and

Ningbo Tuopu Group Co., Ltd. (Tuopu Group) completed the delivery of and corporate registration information amendments to its acquisition of 100% equity in Wuhu Changpeng Auto Parts Co., Ltd. (Changpeng Auto).
The acquisition, at a total transaction value of CNY 330 million, is expected to increase Tuopu Group’s futu

Announced on May 13, 2025, Charge+ and EV Edaran have launched the largest EV charging hub in Ayer Keroh, Malaysia, located at Amverton Heritage Resort. 
This hub, located 3 minutes off the North-South Highway in Malaysia, featuring 4 DC fast chargers and 2 AC chargers, is a key part of Charge+’s 5,000-km Cross-Borde