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L&T, India, to enter automotive sector, plans INR 50 billion investment
On July 30, multiple sources reported that Larsen & Toubro Limited (L&T) is planning to invest INR 50 billion in the automotive sector over the next five years. Its Electronic Products & Systems (EPS) business is planning a manufacturing hub in Tamil Nadu and will produce components like EV motors, automotive safety
Sona Comstar, India and DENSO to establish two JVs for electric and hybrid powertrain systems
On July 22, Sona Comstar signed definitive agreements with DENSO Corporation to establish two joint ventures focused on developing, designing, manufacturing, and marketing advanced electric and hybrid powertrain systems for multiple vehicle segments.
The partnership combines DENSO’s expertise in electrification and a
TVS Srichakra, India, to acquire majority stake in Weber Drivetrain
On July 19, TVS Srichakra Limited, a part of TVS Group, announced that its step-down wholly owned subsidiary, TVS Sensing Solutions Private Limited, has entered into a share purchase agreement with G-Power Energy & Technology Private Limited to acquire 5,100 equity shares, representing a 51% stake in Weber Drivetrain
Shakti Pumps, India, announces further investment in EV subsidiary
On July 17, Shakti Pumps (India) Limited invested INR 50 million in its wholly owned subsidiary, Shakti EV Mobility Private Limited, by subscribing to 5 million equity shares, taking the total cumulative investment in the subsidiary to INR 700 million. Shakti EV Mobility, incorporated on December 16, 2021, manufactur
South Korea’s Linked begins full-scale mass production of motors for automotive electronics
South Korea's Linked said it will start full-scale mass production of motors for automotive electronics and aim to increase sales in the second half of 2026. The company recorded its first sales of electronic-component motors to global automakers in the first quarter of 2026 (January to March) and is now working to i
Horse Powertrain reveals methanol REEV engine and generator
On July 14, Horse Powertrain revealed its new HORSE D20 Methanol range extender powertrain. The HORSE D20 Methanol is intended for use in range-extended EVs (REEVs). The powertrain weighs 170kg and combines a motor, power electronics, and a 2.0-liter turbocharged four-cylinder engine. It can give output up to 105 kW.
Audi’s Gyor plant, Hungary begins production of new MEBeco EV motor
On June 18, Audi Hungaria announced that it has officially started mass production of the new MEBeco electric drive at its Gyor plant, Hungary. The motor will power future compact EVs from VW Group, starting with the CUPRA Raval.
Since its launch in 2022, EUR 350 million has been invested in the MEBeco Project and 26
Posco to lead project to develop electrical steel sheets, cores, and drive motors for EVs
Posco of South Korea held a kickoff meeting for the project, titled “Development of 6.5% Silicon-content Wide Electrical Steel Sheet and Electric Vehicle (EV) Efficiency-Enhancing Core and Drive Motor Manufacturing Technologies” and announced the official commencement of this research and development. The project is
GlobalData blog: Is the BEV world moving away from rare-earth magnets?
Since the early 2020s, the automotive industry has been reshaped by Battery Electric Vehicles (BEVs). Performance and usability continue to improve, but two constraints still steer market decisions: range anxiety and rising exposure to raw-material supply risk and geopolitics.
China remains the global center of gravi
LTEPS partners with Israel based EVR Motors for traction motors in India
On May 27, L&T Electronic Products & Systems (LTEPS), a business unit of Larsen & Toubro, announced a partnership with Israel-based electric propulsion technology company EVR Motors to jointly develop, manufacture, and deploy next-generation EV traction motors for the Indian market. The traction motors will be manufa
Elaphe, Slovenia, completes production samples of Sonic X in-wheel system
On May 19, Elaphe announced that it has completed production samples of the Sonic X in-wheel platform, with the first units scheduled for customer delivery in June 2026.
Designed to fit inside 20–23-inch wheels, the system sits between the brake disc and the rim. It supports large front brake discs ranging from 350 t
MinebeaMitsumi to acquire automotive motor business, etc. from Panasonic Industry
On May 12, MinebeaMitsumi Inc. announced that it has resolved to enter into an agreement to acquire the automotive motor and automotive cooling fan motor business operated by Panasonic Industry Co., Ltd. ("PID"), a subsidiary of Panasonic Holdings Corporation that was established on April 1, 2022, and its group compa
Hyundai Mobis develops proprietary 160kW-class power electric system for EVs
Hyundai Mobis Ltd. has developed a 160kW-class power electric system (PE system) for general-purpose electric vehicles (EVs). The PE system is a core EV powertrain component consisting of a motor, an inverter, and a reduction gear. Hyundai Mobis focused on standardizing and modularizing key components to enable flexi
Envalior, Germany, presents advanced materials for automotive at Smart Plastics 2026
On May 6, Envalior announced that it will showcase its advanced materials portfolio for automotive and electronics at Smart Plastics 2026. It will present an advanced EV steering motor insulation developed for a major automotive OEM. It is manufactured with Envalior’s Stanyl PA46 material, providing high heat resista
Turntide, UK, expands axial flux motor portfolio
On April 22, Turntide Technologies announced that it has expanded its axial flux motor portfolio to include AF300 and AF400 models in single- and double-stacked configurations. The new AF300 provides more than 192 Nm of continuous torque, and the AF400 provides up to 290 Nm.
The expanded portfolio supports a wide ran
Protean Electric, UK, to provide in-wheel motors for Renault 5 Turbo 3E
On April 23, Protean Electric (Protean) announced that the Renault brand will use Protean as the supplier of in-wheel motors (IWM) on its electric mini-supercar, Renault 5 Turbo 3E. It will be the first European passenger car to enter production fitted with in-wheel motors. More details of the project will be shared
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