he launch of a project to locally assemble Kia vehicles using the Completely Knocked Down (CKD) system, with initial investments exceeding EGP 500 million. The actual production is scheduled to begin in 2026, once the assembly lines are installed and operational, marking the launch of the first car bearing the “Made in Egypt” label. Based on Kia Egypt social media and multiple sources...

News  Updated at: 2025/09/22

dom of Saudi Arabia. It highlighted BYD’s Dual Mode Off-road Super Hybrid Platform (DMO) technology. This in-house developed plug-in hybrid system combines the convenience of fuel refilling with the efficiency of electric driving.  The DMO Super Hybrid Off-road Platform combines BYD’s non-load-bearing frame, longitudinal engine, Cell-to-Chassis (CTC) technology, dual-motor electric four-wheel drive, etc. This platform delivers nearly 480 hor...

News  Updated at: 2025/09/17

needs met through renewables. The project, expected to begin operations by early 2028, will see the commissioning of a 0.35 million tonnes per annum integrated steel plant and will include iron making, steel making, and blooming mill facilities. It will help to meet demand in automotive, railways, bearing steel, etc.  Based on MSSSL press release ...

News  Updated at: 2025/09/05

he transaction is subject to antitrust approval. The purchase price and additional details have not been disclosed. OESL employs more than 16,000 people and generated approximately EUR 1.9 billion in sales in fiscal year ended December 31, 2024. The business develops and manufactures hose lines and bearing elements for both combustion-engine and electric vehicles. (From Continental and Regent press releases dated August 27, 2025)...

News  Updated at: 2025/08/28

JTEKT completes transfer of its needle roller bearing business in Europe to German AEQUITA JTEKT Corporation announced that it has completed the transfer of its European needle roller bearing (NRB) business. In December 2024, the company reached a basic agreement with AEQUITA SE & Co. KGaA, a Germany-based investment company, to transfer its NRB business, including three consolidated subsidiaries that manufacture NRBs. (From an article in the Nik...

News  Updated at: 2025/08/06

rmal conductive sheets and heat sinks. Aiming to win orders for automotive applications by around 2030, it will also market the products for data centers and electronic components. The company will utilize its resin mixing technology and dissimilar metal joining technology, cultivated through slide bearing production, to create a sheet by combining resin with materials such as aluminum nitride, which offers high thermal conductivity and insulatio...

News  Updated at: 2025/07/29

ct, Shanghai. SKF will establish an Asia-Pacific automobile headquarters in Anting with a total investment amount of over USD 100 million, aiming to make its automotive operations independent by registering two new companies, namely, SKF Automotive Technology (Shanghai) Co., Ltd. and SKF Automotive Bearing (Shanghai) Co., Ltd. According to Fuyao Group’s strategic development plan, to expand high-end automotive component operations, Fuyao Group ...

News  Updated at: 2025/07/22

Nissan recalls 481,736 vehicles in U.S., Canada over engine failure risk On July 1, Nissan North America announced it is recalling certain 2021-2024 Rogue, 2019-2020 Altima, 2019-2022 Infiniti QX50, and 2022 Infiniti QX55 vehicles equipped with 3-cylinder 1.5-liter or 4-cylinder 2.0-liter variable compression turbo (VC-Turbo) engines. The engine bearings may have manufacturing defects that can lead to engine failure, according to the documents pu...

News  Updated at: 2025/07/04

SKF India to expand capacity at Haridwar, Bangalore, and Pune facilities On June 30, in an investor update, SKF India, a subsidiary of SKF, outlined its capacity expansion plans across three key manufacturing locations: Haridwar, Bangalore, and Pune. The planned investments aim to meet increasing demand for specialized bearing products used in internal combustion engine (ICE) and electric vehicle (EV) applications. The Haridwar and Bangalore plan...

News  Updated at: 2025/07/01

TBK to restructure production system in and outside Japan TBK Co., Ltd. (TBK), a manufacturer of brakes for commercial vehicles and other parts, will start restructuring its production system in and outside Japan. It produces engine-related castings such as turbocharger bearing housings at its Tsuruoka Plant (Tsuruoka City, Yamagata Prefecture) and will consider consolidating the production of such parts into its Fukushima Plant (Tamakawa Village...

News  Updated at: 2025/06/25

NRB Bearings, India updates about its next-gen components for EV and transmission systems In an investor update, NRB Bearings Limited, a manufacturer of needle and cylindrical roller bearings, highlighted its key product innovations aimed at expanding its presence in advanced mobility and transmission applications. The new developments include a lightweight cylindrical roller bearing (CRB) with special heat treatment for balancer shaft applicatio...

News  Updated at: 2025/06/20

Daido Metal to achieve operating profit margin level of 10% by FY2030 Daido Metal Co., Ltd. (Daido Metal) is aiming to achieve an operating profit margin level of 10%, up from the present 5.2%, at an early stage by fiscal Year 2030 (ending in March 2031), the final year of its new midterm plan. Aiming to eliminate unprofitable business, it will transfer automotive engine bearing production facilities from its plant in Czech Republic to Montenegro...

News  Updated at: 2025/06/16

, participated in a seminar on sealing and protection technologies for New Energy Vehicle (NEV) powertrains held at a Schaeffler site in Anting Town. Centering on development trends in the NEV industry, KACO comprehensively showcased its cutting-edge technologies and applications in the sealing and bearing sectors to Schaeffler at the event. Also exhibited were several ventilation and exhaust solutions and battery explosion-proof valves, which ad...

News  Updated at: 2025/06/10

product the Automotive Water Pump. This marks a strategic expansion of Setco’s product portfolio into the critical engine cooling segment. It is designed to serve the diverse needs of light commercial vehicles (LCVs) and MHCVs. Its key features include superior long-life seal integrity, high load-bearing capability, enhanced NVH isolation performance, and a thermally optimized impeller material grade. Based on Setco Automotive Limited press rel...

News  Updated at: 2025/06/05

Futaba Industrial announces midterm business plan, aiming to increase operating profit to 5% Futaba Industrial Co., Ltd. (Futaba Industrial) announced its midterm business plan ending in FY2027 and said the company will aim to raise its operating profit to 5.0% from 3.4% in 2024. With the repayment of interest-bearing debt improving its financial condition, it set the theme of the new medium-term plan as "Investment for Growth" with goals to make...

News  Updated at: 2025/05/16

NTN establishes technology for volume production of HA-C applied bearings NTN Corporation (NTN) has established a volume production technology for bearings to which its new “HA-C” special heat treatment technology for steel materials is applied. The HA-C technology enhances the hardness of steel materials and helps to reduce the size and weight of bearings and extend the bearing lifespan. NTN has started offering prototypes of “deep groove ...

News  Updated at: 2025/05/15

per year through centralized stock control. In regional strategies, the company will respond to a slowdown in the Chinese market, improve capacity utilization by “restructuring productions” and optimize business sizes. JTEKT has already carried out reforms such as the sale of its needle roller bearing business in Europe and profitability improvement in North America. It will also bolster the business in China and restructure its global produ...

News  Updated at: 2025/05/15

Daido Metal announces new mid-term business plan through FY 2030 Daido Metal Co., Ltd. (Daido Metal) has announced its new mid-term business plan for the period ending in March 2031 (FY 2030), which sets an FY 2030 operating profit goal of JPY 17 billion, more than two-fold from its FY 2025 outlook. In its automotive engine bearing business, the company will reorganize its production system and strengthen collaboration with partner companies outs...

News  Updated at: 2025/05/15

l or published its recall summary. The precise estimate for how many vehicles are recalled will be confirmed by NHTSA’s report. GM is recalling the vehicles “to resolve manufacturing issues affecting some engines,” the company’s statement said. After receiving 39 complaints of an engine rod bearing failure leading to engine seizure or breach of the engine block by the rod, NHTSA’s  January investigation targeted an estimated 877,710 ve...

News  Updated at: 2025/05/01

NRB Bearings, India expands capacity to fulfil BMW, Stellantis, Renault orders On April 27, NRB Bearings Limited approved a capacity expansion plan to support its lifetime-nominated business pipeline, amounting to INR 6 billion, from European Tier 1 customers. The expansion will cater to BMW, Stellantis, and Renault's next-generation electric, hybrid, and internal combustion engine (ICE) platforms. NRB has been nominated by Magna and other major ...

News  Updated at: 2025/04/28