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

On March 20, Vianode launched its first high-performance recycled graphite product to support sustainable EV and battery production.
Recycled graphite helps North American and European manufacturers reduce reliance on imports and comply with US, Canadian, and EU regulations promoting domestic materials. It also suppo

On March 18, Nissan and Stena Recycling announced a partnership to develop and expand the reuse of second-life electric vehicle batteries in Norway. With over 80,000 Nissan LEAFs on Norwegian roads, Nissan has established a new value chain for batteries that are no longer suitable for road use.
The partnership combin

Norsk Hydro ASA (Hydro) announced that Hydro Energi AS has signed a long-term power purchase agreement (PPA) with NTE for a total delivery of 660 GWh in the period from January 1, 2027, to December 31, 2029. NTE is a leading energy company focused on the production and distribution of renewable energy.
As a key playe

On March 6, MOIA, a subsidiary of Volkswagen Group, announced that since the beginning of this year the ID. Buzz AD is being tested in Oslo under winter conditions. In addition to Austin, Munich, and Hamburg, MOIA is thereby expanding the application scope of autonomous driving technology to extreme climatic conditio

On February 26, Elkem announced that it will be participating in Inter-battery 2025, held in Korea. Elkem will be showcasing cost-effective products that prioritize electrical integrity and feature fire-resistant properties. These products also offer essential electronic protection such as sealing, bonding, and potti

On February 18, Farasis Energy signed a manufacturing frame agreement with Beyonder AS. Farasis Energy will use its manufacturing capabilities to bring Beyonder’s battery technology products to new applications. 
They have also signed a memorandum of understanding to jointly develop, market, and deliver a high-end 48

On February 19, Freyr Battery announced a strategic rebranding of the company as T1 Energy Inc. The T1 brand represents the Company’s commitment to becoming a vertically integrated U.S. solar + battery storage leader from its new corporate headquarters in Austin, Texas.
It expects that from March 3, 2025, its common

On February 13, Vianode, an advanced battery materials company, announced that it has secured a loan guarantee of up to USD 300 million from Euler Hermes AG, the export credit agency, for the planned development of a North American, large-scale synthetic graphite plant. 
Vianode’s North American facility is designed

On February 10, Freyr Battery, an energy solutions provider, announced Austin, Texas, as its new global headquarters, which will be located at 1211 E 4th St., Austin, TX 78746.
FREYR has selected Austin, Texas, as its global headquarters to geographically align the Company’s workforce with its operations and strategy

On February 7, Hexagon Purus announced that it has renewed its multi-year supply agreement with a leading European bus manufacturer to deliver hydrogen fuel storage systems to transit buses until 2028. Production of the next generation Type 4 hydrogen storage systems will be out of Hexagon Purus’ facility in Kassel (

On February 7, multiple sources reported that FREYR Battery has cancelled its plans to build a gigafactory in Coweta County, Georgia. The company withdrew its plans due to rising interest rates, declining battery prices, management changes, and shifting strategic priorities. Instead, FREYR is now focusing on developi

Kongsberg Automotive ASA (KA) announced that it sees limited negative effects from the U.S. imposing 10% tariffs on Chinese imports, effective from February 4, 2025. It will seek full compensation for increased customs tariffs from its customers to recover any additional costs imposed by these tariffs.
KA has 2 plant

On January 30, Smart announced that its smart #5 models has successfully completed over 3,000 km of winter testing across Sweden, Norway, and Finland. Smart’s European and Chinese R&D teams tested three prototypes in extreme conditions to ensure reliability for European customers.
The tests focused on three main area