On August 26, Toyota Industries Corporation announced that it will reorganize its car air-conditioning compressor production structure in China. The company will consolidate the production functions of TD Automotive Compressor Kunshan Co., Ltd. (TACK) in Kunshan, Jiangsu Province, into Yantai Shougang TD Automotive C
On August 20, Omega Seiki Mobility raised INR 500 million in a fresh funding round at an undisclosed valuation. This is the company’s second fundraise in two months. The round was led and managed by Abhishek Misra, SKG Asset Management and Unistone Capital, with participation from the Sanjeev Agarwal Family Office, B
On August 27, MAHLE started e-compressor production at a new facility in Coimbatore, Tamil Nadu. The plant represents an investment of EUR 7 million and can produce more than 300,000 e-compressors annually at full capacity.
Its E-compressors are used in electric vehicles for thermal management and help support batter
On August 26, Samvardhana Motherson International Limited commenced commercial production at a new greenfield manufacturing facility in Pune, Maharashtra. Its subsidiary, Motherson Electro Components Limited, set up the plant, adding electronics manufacturing services capability to the company’s lighting and electron
On August 26, Maruti Suzuki India became the first passenger vehicle manufacturer to dispatch vehicles by rail to the Pollachi Railway Terminal in Tamil Nadu. The first rake, carrying 120 vehicles, including the Wagon R, Ertiga, Dzire and Celerio, was flagged off from the company’s Manesar railway siding on August 18
On August 26, Hyundai Motor Company announced that it will expand its India portfolio with the launch of an all-new electric SUV in Q4, FY 2026 (ending March). It will be designed and localized for the Indian market and will feature a next-generation infotainment system and Level 2 assisted driving technology. Hyunda
On August 25, IG Metall union announced that the VW Group CEO has yet to provide details on how the planned additional job cuts will affect individual brands, companies and plants. He said that the company will continue to use voluntary measures wherever possible to reduce its workforce and plans to work with the Emd
On August 25, South Korean energy company SK Innovation announced that it had decided to absorb its subsidiary SK IE Technology (SKIET), which manufactures lithium-ion battery separators (LiBS) for electric vehicles (EVs). Subject to approval by SK Innovation’s board of directors and SKIET’s general shareholders’ mee
Dongfeng Motor will unveil its vehicle lineup under the DFM brand at the 2026 Interlagos Festival in Brazil (August 27–30). Negotiations with Stellantis and Nissan regarding local production are also underway, according to local media reports dated August 26.
The company announced the introduction of 11 models, inclu
FinDreams Battery Co., Ltd (FDB) announced that it has signed a memorandum of understanding (MoU) on strategic cooperation with Ulaanbaatar, the capital of Mongolia. The two sides will advance cooperation on projects in areas including green transportation, new energy infrastructure, and intelligent energy storage.
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According to South Korean media reports, Germany’s Webasto Group signed an investment memorandum of understanding (MoU) worth USD 13.5 million with South Chungcheong Province and Dangjin City on August 25. Within the next five years, Webasto plans to expand its existing plant in Dangjin and install a new production l
On August 26 at its CEO Investor Day presentation, Hyundai Motor Company announced it will launch or refresh over 100 models to reach its goal to sell 5.55 million units globally by 2030, with 58 launches planned for North America.
• One of the first North American launches will be the new Santa Fe EREV, which wil
On August 25, Waymo announced that it is laying the groundwork for a fully autonomous ride-hailing service in Munich, Germany. Waymo aims to open commercial ride-hailing to the public towards the end of 2027. It is engaging with local, state, and federal officials on the regulatory approvals. Waymo will start with hi
On August 24, the 5G Automotive Association (5GAA) and the China Society of Automotive Engineers (China-SAE) renewed their memorandum of understanding (MoU) to accelerate the deployment of connected vehicle solutions, particularly in C-V2X.
5GAA and China-SAE will work in several strategic domains critical to the fu
On August 25, multiple sources reported that Saeed Mohammed Al-Bassami Company (SMB) signed a partnership agreement with Chinese truck manufacturer SHACMAN International. The agreement includes the supply of 500 new trucks to enhance SMB’s transport fleet and support its operational capabilities. This partnership als
On August 26, BasiGo and NCBA Group announced a partnership to scale financing of electric vans for Kenya’s public transport operators. Through this partnership, BasiGo and NCBA Group will finance 1,000 electric vehicles. The partnership builds on NCBA’s growing commitment to leading in e-mobility financing in Keny
On August 26, Gabriel India Limited entered a joint venture (JV) with South Korea-based HL Klemove to expand into autonomous driving, Advanced Driver Assistance Systems (ADAS), and automotive electronics. As part of the agreement, Gabriel India will acquire 30% less than one share of HL Klemove India Private Limited
On August 25, Lotus Technology (Lotus Tech) announced that it had completed the acquisition of 100% of the equity interests in Lotus Advance Technologies Sdn Bhd (Lotus UK). The transaction brings Lotus’ British sports car business, engineering services, and next-generation smart vehicle technologies under one compan
On August 25, Himadri Speciality Chemical Ltd announced that it has invested another AUD 1.694 million in Sicona Battery Technologies Pty Ltd through the subscription of 1,694 thousand Compulsorily Convertible Notes (CCNs). With this investment, Himadri’s total investment in Sicona has increased to AUD 18.45 million.
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