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Stellantis reports 14% drop in H1 2024 revenue and 40% decline in adjusted operating income
On July 25, Stellantis N.V. announced its financial result for first half of 2024 (H1 2024). Net revenue decreased by 14% YoY to EUR 85.0 billion. Adjusted operating income dropped by 40% YoY to EUR 8.5 billion. The financial decline was mainly due to lower volumes, inventory reductions, production gaps from a portfo
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Milence collaborates with Power Electronics to achieve new megawatt charging system in electric truck
On July 22, Milence, the joint venture between Daimler Truck, the TRATON GROUP and Volvo Group, announced that it has successfully tested a new Megawatt Charging System (MCS) in partnership with Power Electronics, a manufacturer of energy storage and electric mobility. This marks a major milestone in electric truck c
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NXP receives CCC certification for its Digital Car Keys technology
NXP Semiconductors N.V. (NXP)’s single-chip NFC and embedded secure element solution, the SN220, has been certified by the Car Connectivity Consortium (CCC) under CCC Digital Key Certification Program.
This certification marks NXP as the first provider for digital car key solution to get a certification for NFC chips
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Stellantis accelerates innovation with startup collaborations and investments
On July 15, Stellantis announced that it has collaborated with startups through partnerships and investments. As a partner, Stellantis has signed over 150 partnership contracts in the past three years to promote rapid innovation. As an investor, Stellantis Ventures, with a EUR 300 million capital fund, focuses on ear
Adaptive smart glass developer eLstar Dynamics, Netherlands raises funding
On July 14, eLstar Dynamics secured a EUR 2 million investment from the Dutch family office Panthea. The funds will help complete the development of eLstar’s dynamic glass product, designed to meet the booming demand for sustainable and energy-efficient solutions for buildings and vehicles.
eLstar's latest round of f
TomTom signs long-term agreement with Microsoft for location tech, new products
TomTom announced that it is deepening and extending its collaboration with Microsoft.
TomTom’s maps and traffic data will power location-based services across Microsoft’s solutions, and the two companies will closely work together on bringing innovations to market, including AI-infused products.
In addition, TomTom
Vattenfall InCharge, Sweden to install 22,000 new charging points in Netherlands
On July 12, Vattenfall InCharge secured a new tender to install 22,000 charging points in Brabant and Limburg, two southern Netherlands provinces. The new tender expands Vattenfall's total number of charging stations in the region to 59,000, with installation over the next few years.
Under the new tender, both provin
Squad Mobility, Netherlands secures EU funding for solar car development
On July 10, Squad Mobility B.V., a solar car manufacturer, secured a major EU funding of EUR 135 million as part of a tender won by the GIANTS consortium, which includes 23 EU partners amongst others Renault, Toyota Europe, and Valeo.
The funding will be used to develop further and demonstrate Squad Mobility's L6 an
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Nexperia, Netherlands presents 650V ultra- and hyperfast recovery rectifiers
On July 10, Nexperia released 650V ultra- and hyperfast recovery rectifiers in D2PAK Real-2-Pin (R2P) packaging for use in various automotive, industrial, and consumer applications including charging adapters, photovoltaic (PV), inverters, servers, and switched mode power supplies (SMPS).
Combining planar die technol
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Stellantis expands hybrid lineup with advanced eDCT technology
On July 9, Stellantis announced that it is rapidly responding to increased customer orders in Europe for hybrid models, especially those with the new eDCT hybrid technology.
The company will offer 30 hybrid models this year, with plans to introduce six more by 2026. These hybrids provide a great driving experience, r
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HERE ISA Map selected by several car manufacturers to meet EU ISA requirements
HERE Technologies has inked contracts with 33 passenger and commercial vehicle makers to use the HERE ISA Map for the complementation of their Intelligent Speed Assistance (ISA) solutions.
Covering more than 70 brands, including Toyota, Lexus, BMW, Jaguar Land Rover, VinFast, IVECO, and Scania, the HERE ISA Map suppo
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3SS, Germany and TomTom, Netherlands partner to enhance in-car infotainment experience
On June 27, 3 Screen Solutions (3SS), a leading multiscreen entertainment software solutions provider, partnered with TomTom, the location technology specialist, for the technical pre-integration of their respective platforms.
With the partnership, the 3Ready entertainment user experience technology will now operate
Ebusco faces production challenges, revises revenue forecast for 2024
On June 25, Ebusco announced that working with the contract manufacturers has accelerated its assembly times, with bus deliveries up to 90 year-to-date compared to 66 in the first half of 2023. The company expects to further increase the deliveries in the second half of 2024.
Apart from the positive results, the com
Stellantis’ SUSTAINera launches recycled product line and forms partnership for EV battery management
On June 19, Stellantis announced that its circular economy unit, SUSTAINera is intensifying recycling efforts to reduce natural resource use. It has launched an end-of-life vehicle management service in France, Belgium, and Luxembourg via the Valorauto platform in January 2024. Stellantis partnered with recycling fir
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Marelli partners with TomTom to enhance in-vehicle infotainment solutions
TomTom (TOM2) announced a partnership with Marelli to enhance in-vehicle infotainment solutions.
TOM2’s Digital Cockpit SDK will be pre-integrated into Marelli’s LeanConnect platform, a hardware solution that combines the cluster, in-vehicle infotainment, and telematics into one product. This enables Marelli to offer
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NXP unveils new AI and ML audio digital signal processing for car infotainment
NXP Semiconductors N.V. (NXP) revealed the new SAF9xxx family that has AI and machine learning (ML) capable audio digital signal processing (DSP) technology for automotive infotainment.
The new SAF9xxx family is designed to support the increasing demand for AI-based audio in software-defined vehicles (SDVs). It integ
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Keolis, France secures EUR 750 million contract to deploy over 250 EV buses in Netherlands
On June 17, Keolis, a leading public transport operator, secured a EUR 750 million contract from the Province of Utrecht to operate and maintain its bus network. The contract will deploy more than 250 electric buses in the Netherlands, starting in December 2025.
Additionally, Keolis will also install charging infrast
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DAF Truck prepares for upcoming zero-emission solutions and advanced powertrains
On June 6, DAF announced that it is gearing up for the future with a new generation of vehicles and innovative transport solutions. The company is developing zero-emission hydrogen engines that emit only water vapor, while its parent company, PACCAR, is testing ultra-clean fuel cell technology and advancing electric
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VDL Nedcar ends car production at Born plant in Netherlands
VDL Nedcar, an independent vehicle manufacturer has announced that it has ended car production for the time being at its Born plant, in the Netherlands. The decision was taken due to the lack of new vehicle projects.
The company has produced almost 1.2 million cars at the Born plant since 2014.
Based on VDL Nedcar we