thyssenkrupp AG (thyssenkrupp) announced that its Automotive Technology business unit has officially inaugurated a new engineering center at the Solitaire Business Hub 2 in Pune, India.
The new center employs more than 120 engineers across software, hardware, systems, and mechanical development, with plans to increa
On October 7, Porsche announced its new “Sportwagenschmiede ’35” strategy, focused on expanding its product portfolio in higher-margin segments, increasing exclusivity and improving profitability.
The company will retain its “Value over Volume” approach and aims to reach a break-even point below 200,000 vehicles. Pro
Trio-Tech International has secured a three-year contract valued at approximately USD 4.45 million to supply burn-in testing equipment and ongoing technical and maintenance support for an existing European automotive semiconductor customer. The new award covers an additional customer location and is separate from a p
EVelution Energy has received approval from U.S. Citizenship and Immigration Services for an EB-5 investment offering that could provide up to USD 64.8 million in development-stage financing from foreign investors for its planned cobalt processing facility in Yuma, Arizona. The financing will support engineering, per
Ionna, an EV fast-charging joint venture founded by eight major OEMs, announced that it had achieved several milestones as it continues to expand its network across the U.S. As of the end of September, Ionna has more than 180 live charging sites across the country, more than doubling the size of its network since the
On October 8, KYB Corporation announced an additional capital contribution to its consolidated subsidiary, KYB India Private Limited, to secure funds for capital investment and working capital as it expands its business in India. The contribution will total INR 2.15 billion, with payment scheduled for late November 2
On October 8, Jakson Green Vehicles Private Limited selected Dassault Systèmes’ 3DEXPERIENCE Platform for the design and development of its electric vehicles. The cloud-based platform will create a unified digital environment connecting engineering teams and suppliers across the product-development lifecycle.
The dep
In an investor update, Schaeffler India announced that it has increased its overall localization level to around 80%, while localization in its automotive business has crossed 90%. It is currently in Phase 2 of localizing its electric-axle production, with production lines being installed in India to assemble e-axles
On October 8, Tsuyo Manufacturing secured an annual order worth approximately USD 3.2 million from an Indian OEM for its next-generation interior permanent magnet (IPM) motor for electric three-wheelers. The programme is expected to run for 10 years and will cover product supply, technical support, servicing and afte
On October 7, S.J.S. Enterprises Limited completed a capacity addition at its Bengaluru facility, with commercial production expected to begin in Q3 FY 2027 (ending December). The expansion will increase the company’s capacity by around 20% over its existing capacity of 225 thousand sq ft, equivalent to approximately
On October 8, DeepDrive announced its nomination as a large-series supplier for a leading global vehicle manufacturer. It will start production in 2028. DeepDrive has developed and patented a dual-rotor motor design where the stator sits between an inner and outer rotor.
It has been tested and validated for three app
On October 8, Renault Group and EDF, together with its subsidiaries IZI by EDF and DREEV (a subsidiary of EDF Business Services), signed a partnership to accelerate the development of smart charging solutions for electric vehicles.
The agreement covers three areas of cooperation: single-family homes, commercializatio
On October 7, Lithium Africa Corp. announced that it has elected to advance the Springbok Project in the Northern Cape Province, South Africa, toward the production of spodumene concentrate, targeting first production in H2 2027. The Company had been evaluating a direct shipping ore sale of the existing stockpile of
On October 7, DP World announced that it has signed a term sheet setting out the framework for a proposed new automotive logistics and processing facility at Jebel Ali Port in collaboration with Mitsui O.S.K. Lines, Ltd. (MOL). The proposed facility will bring vehicle storage, pre-delivery inspection and other value-
On October 8, Imasen Electric Industrial Co., Ltd. announced that it had approved a restructuring of its production operations in China. All production at Wuhan Imasen Electric Industrial Co., Ltd. will be transferred to Guangzhou Imasen Electric Industrial Co., Ltd. by the end of March 2027, consolidating manufactur
On October 8, Murata Manufacturing Co., Ltd. held a completion ceremony for a new production building at the Ho Chi Minh plant of its Vietnamese manufacturing subsidiary, Murata Manufacturing Vietnam Co., Ltd., in Dong Nai City. The company will establish the production system and begin operations sequentially.
The n
OPmobility SE (formerly Plastic Omnium) has adjusted its 2026 objectives to current automotive market conditions, including persistent geopolitical tensions in the Middle East, downward revisions to automotive production forecasts, particularly in China, and continued adjustments in its customers’ activity levels, ma
RemotiveLabs is collaborating with Google Cloud to bring its vehicle virtualization technology to Horizon, an open-source platform for developing, testing and deploying automotive software. The integration extends Horizon beyond cockpit and infotainment systems by providing an executable virtual model of a vehicle’s
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