traction motor
Hyundai Mobis to join EVS37 international EV symposium & exhibition
Hyundai Mobis Ltd. (Hyundai Mobis) announced that it will participate in the 37th International Electric Vehicle Symposium & Exhibition (EVS37), a four-day event starting on April 23, 2024, in Seoul, South Korea.
The EVS37 is an EV-themed symposium & exhibition hosted by the World Electric Vehicle Association (WEVA)
Stellantis expands electric motor production in Trémery factory, France
On April 15, Stellantis announced that it has ramp-up electric motor production at its Trémery site through the Emotors joint venture, introducing the new M2 and M4 motors alongside the existing M3. With a capacity to produce over one million motors annually from 2024, Trémery reinforces Stellantis' 'made in France'
MP Materials receives USD 58.5 million to develop rare earth magnet factory
MP Materials received USD 58.5 million in investment tax credits from the U.S. federal government for the construction of the first fully integrated rare earth magnet manufacturing facility in the country. Construction of the plant in Fort Worth, Texas began in April 2022. The company plans to begin commercial produc
Posco Group wins orders for permanent magnets from manufacturers in Europe and the U.S.
A trading company of South Korea’s Posco Group, Posco International Corporation, announced that it has received orders for permanent magnets from automakers in Europe and the U.S.
Its US arm will supply products worth KRW 900 billion to global automakers in North America from 2026 to 2031. The permanent magnets will
Posco International to build new drive motor core plants in Poland and Mexico
The trading company of the Posco Group, Posco International Co., Ltd., announced that it will build new traction motor core plants in Poland and Mexico.
It will start constructing a new plant in Brzeg City in the southwestern part of Poland in June 2024 and complete it in May 2025. The new plant will first produce 1.
Dürr, Germany automates the production of electric motors
On February 27, Durr announced that it is implementing complete lines for the assembly and testing of state-of-the-art electric motors with its subsidiaries BBS Automation and Teamtechnik. The order value of such projects reaches into the mid-double-digit millions.
BBS Automation’s range for the e-mobility sector in
South Korea’s Woosu AMS wins orders from Hyundai Motors Group for HV and EV parts
Several South Korean media sources reported that Woosu AMS Co., Ltd. won an order for parts for hybrid vehicles (HVs) and electric vehicles (EVs) from the Hyundai Motors Group.
The sales under the contract will be KRW 490 billion, or KRW 310 billion for Hyundai Motors Group’s next-generation HV platforms “TMED-ll” an
UK-based start-up Monumo raises GBP 10.5 million in funding
On February 20, Monumo announced that it had recently raised a GBP 10.5 million seed round from angels and has signed NDAs with numerous tier-one engineering companies and original equipment manufacturers (OEMs).
Monumo’s patented technology has already produced a deep tech-generated design for a switched reluctance
LS Eco Advanced Materials to set up joint company to produce neodymium permanent magnets for EV
South Korea’s LS Eco Advanced Materials Co., Ltd. agreed to set up a joint company with Vacuumschmelze (VAC) GmbH & Co. KG., a German-based rare-earth permanent magnet manufacturer.
The new company will be established in 2024. It will start producing 1,000 tons of neodymium permanent magnets and supply them to automa
Audi Hungaria gears up for next-gen electric motors with MEBeco production project
On February 8, Audi Hungary announced that its Győr plant is preparing for the production of the next-gen electric motors, MEBeco, with virtual planning underway. The project, supported by the Hungarian state, sustains 260 jobs and enhances Hungary's vehicle industry competitiveness in the shift to electromobility. M
ArcelorMittal to present electrical steels for automotive at Coiltech Germany 2024
On February 6, ArcelorMittal announced that ArcelorMittal Europe – Flat Products will demonstrate its extensive offer of electrical steels for automotive and industry at the 2024 edition of Coiltech Germany. The event will be held on March 20 and 21, 2024 in Augsburg.
A key focus will be the launch of ArcelorMittal M
Tau Group, Italy raises funding for e-mobility components
On January 30, Tau Group closed a EUR 11 million extension to its Series-B funding round. It is establishing a new global standard in electric motor insulated wire. This strategic funding aligns with Tau's concurrent expansion of production capacity in a new facility, geared towards fulfilling long-term supply agreem
Posco Group wins order for drive motor cores for Hyundai/Kia
Posco International Corporation, a trading company of South Korea’s Posco Group, announced that it has won a new order for drive motor cores for electric vehicles (EVs) from Hyundai Motor Company and Kia Corporation. The contract is valid from 2025 to 2034, and the company will supply the parts for 1.03 million EVs,
LG Innotek to relocate vehicle motor production from Pyeongtaek, South Korea
Several South Korean media sources reported that LG Innotek Co., Ltd. (LG Innotek) will relocate its vehicle motor plant in Pyeongtaek-si, Gyeonggi-do. The company will stop operating the plant in 2024 as part of efforts to reform its production sites and reinforce the competitiveness of its automotive motor business
LS Eco Energy to secure supply of rear earth for EV
South Korea's LS Eco Energy Ltd. announced that it signed a rare earth oxide purchase agreement with Vietnam's mining company, Hung Thinh Minerals. Having directly engaged with the mine owner, LS Eco Energy plans to quickly diversify its rare earth supply chain. LS Eco Energy will supply neodymium, dysprosium, and ot
Saietta VNA, India commences axial-flux e-motor production at its Manesar plant
On December 12, Saietta VNA announced that its 33,000 sqft production facility in Manesar, India, is now fully operational. It has already commenced production for the AFT eDrive and the production for the RFT eDrive system is targeted to commence in Q2 2024. Both these eDrive solutions are designed and developed at