On August 14, Hexagon Composites and Mitsui & Co., Ltd. extended their Strategic Alliance Agreement until the earlier of March 20, 2030, and the date on which Mitsui's shareholding in the Company falls below a certain shareholding ratio. 
Mitsui and Hexagon Composites have developed a close partnership over decades c

On August 15, the Norwegian Automobile Importers' Association and Mobility Sweden announced a partnership for sustainable battery recycling in line with new EU requirements. Through their subsidiaries Autoretur Battery Recycling and FoRetur, they will build an efficient, coordinated return system for car batteries. A

Norsk Hydro ASA (Hydro) announced measures to strengthen its long-term resilience by reducing annual costs by NOK 1 billion, including approximately 750 job cuts.
The initiative aims to align the company’s organizational structure with strategic goals and changing business requirements. It complements Hydro’s previo

On August 8, the Norwegian Environment Agency approved Autoretur Battery Recycling (ABR) as a producer responsibility company for high-energy batteries from electric vehicles. ABR will be operational from November 1, 2025. ABR has been established by the Norwegian Association of Vehicle Importers (BIL). It will ensur

In its Q2/2025 report, Kongsberg Automotive (KA) announced that it has decided to close the Zurich office in Switzerland, with activities being scaled down and transitioned primarily to its Kongsberg location in Norway by March 31, 2026.
The company’s Ljungsarp plant, which mainly produces steering columns, will be

On August 12, Kongsberg Automotive (KA) announced that it has, through its subsidiary Kongsberg Automotive AS, decided to exercise its call option to acquire the remaining 75% of the shares in Chassis Autonomy SBA AB (CA). Following the transaction, KA will hold 100 % of the shares in CA, and the transaction is plann

On August 4, Elkem ASA received NOK 32.8 million from Innovation Norway for the development of green products through the recycling of slag and silicon materials. The project aims to materially reduce CO2 emissions and promote a circular economy for materials used in the automotive and construction industries.
The pr

Kongsberg Automotive ASA (KA) has finalized an overhead cost reduction initiative to yield annual savings of EUR 15 million. This plan is part of KA’s efforts to improve financial performance and complements the previously announced cost adjustment program.
Approximately 150 positions will be affected. Implementation

On July 2, Morrow Technologies AS (Morrow), a wholly owned subsidiary of Morrow Batteries ASA, signed a strategic agreement with SEEL Swedish Electric Transport Laboratory AB, a European test centre for research and development of electromobility, to advance the development of lithium-nickel-manganese-oxide (LNMO) ba

Norsk Hydro ASA (Hydro) has completed the recertification of its 74 production sites under the Aluminum Stewardship Initiative (ASI) Performance Standard V3.1, the highest number among aluminum extrusion companies.
The sites include 42 operations in Europe, 25 in North America, 2 in Asia and 5 in South America.
The r

On June 16, Hexagon Purus signed a long-term agreement with Hino Trucks for the production and supply of Class 6 and 7 battery electric straight trucks for the US market. The vehicles will be based on Hino’s chassis and upfitted with Hexagon Purus’ proprietary zero-emission technology, including battery systems, auxi

On June 2, Kongsberg Automotive (KA) announced changes to its organizational and leadership structure. The two business areas (BAs), Drive Control Systems (DCS) and Flow Control Systems (FCS), will be strengthened by assuming full business and P&L responsibility, with all key functions fully integrated into their ope

On May 13, Vianode signed a memorandum of understanding (MoU) with Fortum Battery Recycling, a specialist in recycling valuable metals from electric vehicle (EV) batteries, to build a sustainable recycling value chain for EV batteries.
Under the agreement, Vianode and Fortum Battery Recycling will collaborate to secu

Kongsberg Automotive ASA (KA) announced that it will continue executing cost-saving initiatives in 2025. The previously announced overhead reduction program remains on track and is expected to be fully implemented by Q3 2025, delivering an estimated annual saving of EUR 10 million. KA will also launch additional cost

Kongsberg Automotive ASA (KA) has secured a new 4-year contract worth approximately EUR 20 million in estimated lifetime revenue for its Dog Clutch Actuator (DCA).
The company’s Wuxi facility in China will produce and supply the product to a leading global OEM in the electric commercial vehicle (CV) segment.
The DCA

On April 23, NIO announced that its new firefly will gradually be launched in international markets in 16 countries. During the year, NIO will apply more efficient and flexible strategies to achieve its goal of establishing itself in 25 countries and regions.
Firefly makes its official European debut this spring, wit

On April 30, Beyonder AS and Leclanché SA signed a memorandum of understanding (MoU) to enter negotiations regarding a collaboration on the development of the manufacturing process and to allow scale production of Beyonder‘s BePowered cell at Leclanche’s facility in Willstätt, Germany.
Both companies will explore the

Norsk Hydro ASA (Hydro) has inked a letter of intent (LOI) with Nemak to develop low-carbon aluminum casting products for vehicles, such as engines and structural components.
This will be done by using more post-consumer scrap and shifting to cleaner energy sources such as natural gas and electrical boilers at Hydro’

On April 14, Vianode, an advanced battery materials company, announced that it has received a NOK 400 million loan commitment from Innovation Norway. The funding will be invested in Norway to enhance Vianode’s research and development efforts and support the creation of regional high-performance, low-emission EV and

Kongsberg Automotive ASA (KA) has secured an extension of the air brake fittings (Raufoss ABC system) contract worth over EUR 58 million in estimated lifetime revenue.
The four-and-a-half-year contract, which starts in April 2025, was awarded by a leading manufacturer of trucks and buses for heavy transport applicati