Posco to build rare earth value chain in South Korea and abroad Posco International Corporation, a trading company of the Posco Group in South Korea, announced that, partnering with a venture investment specialist within the Posco Group, Posco Investment, it launched its first KRW 25 billion (JPY 2.75 billion) corporate venture capital fund (CVC) to invest KRW 8 billion (JPY 880 million) in a domestic specialist in rare earth separation and refin...

News  Updated at: 2026/03/30

GlobalData blog: China’s auto market achieved steady growth in 2025 2025 was a challenging year for global politics and the world economy. On one hand, regional conflicts erupted in multiple regions, posing challenges to global energy supplies and maritime supply chains. On the other hand, protectionism gained momentum, with tariff barriers proliferating worldwide, further straining the global economy. Although the “reciprocal tariffs” intr...

News  Updated at: 2026/03/30

[Exclusive Interview] 5GAA highlights progress in V2X and evolution of connected vehicle technologies The Mobile World Congress (MWC) 2026 took place in Barcelona, Spain, from March 2 to 5, 2026. During the event, MarkLines conducted a series of exclusive interviews with companies presenting next generation connectivity technologies. As part of this coverage, we spoke with Dr. Maxime Flament, Chief Technology Officer at the 5G Automotive Associat...

News  Updated at: 2026/03/26

BMW Brilliance, BMW China to recall nearly 180,000 vehicles in total On March 24, China’s State Administration for Market Regulation (SAMR) announced that BMW Brilliance Automotive Limited (BMW Brilliance) and BMW China Automotive Trading Ltd. (BMW China) recently filed recall plans as follows. BMW Brilliance: -          Recall number S2026M0032V: 133,849 5-series models manufactured in China between December 5, 2023 and April 12, 2025...

News  Updated at: 2026/03/26

Euler Motor India raises investment for manufacturing and business expansion On March 25, Euler Motor raised INR 4.38 billion in its Series E funding round. Euler Motor produces electric three-and-four-wheeler commercial vehicles. This investment will help it to strengthen its manufacturing capabilities at scale, expand its presence across India, and expand its product portfolio. The investment round was led by Lightrock, with continued backing f...

News  Updated at: 2026/03/25

NXP launches high-performance radar transceiver for Level 2+ to Level 4 ADAS and Automated Driving NXP Semiconductors N.V. (NXP) has launched its third-generation RFCMOS automotive radar transceiver, the TEF8388, designed to enable high-resolution imaging radar for Level 2+ to Level 4 ADAS and automated driving systems. The device integrates 8-transmit and 8-receive (8T8R) channels on a single chip, supporting up to 576 antenna channels and deliv...

News  Updated at: 2026/03/20

BMW unveils all-electric i3 Neue Klasse, deliveries begin this autumn On March 18, BMW revealed the second Neue Klasse model i.e., the all-new i3 50 xDrive, a D-segment electric sedan  following the all-new iX3, a D-segment electric SUV. It has dual motors (front and rear), which generate output of 469 hp and 645 Nm of torque. BMW i3 based on the 3 Series will be built at BMW’s Munich plant. Production starts in August 2026, with deliveries b...

News  Updated at: 2026/03/18

BYD debuts new Seal 08 plug-in hybrid electric sedan On March 6, BYD debuted the Seal 08, a new Ocean-series flagship plug-in hybrid electric sedan. The Seal 08 adopts the Ocean Aesthetics 2.0 design concept. According to China’s Ministry of Industry and Information Technology (MIIT), the vehicle model measures 5,150mm long, 1,999mm wide, and 1,505mm high, with a wheelbase of 3,030mm. The Seal 08 is equipped with a 115kW engine, either a single...

News  Updated at: 2026/03/18

TOKYO in Tokyo starting March 14 through May 10. No mention has yet been made about a change in plans for the AFEELA 1 electric sedan that is based on the platform of the cancelled Honda EVs and being manufactured at the East Liberty Assembly Plant in Ohio. Honda meanwhile is cancelling the Honda 0 Series Sedan and SUV, and Acura RSX, that it planned to build at the nearby Marysville Assembly Plant in Ohio, citing tariff costs and the changing re...

News  Updated at: 2026/03/14

Jetour Indonesia sees no direct impact from Middle East tensions; plans T2 PHEV launch in H2 Reported on March 11, 2026, Jetour Indonesia said ongoing tensions in the Middle East have not had a direct impact on its local operations or sales. The company’s marketing director said Jetour is monitoring global developments, particularly risks to the automotive supply chain, although parts availability and deliveries remain stable. Jetour is also wa...

News  Updated at: 2026/03/13

Volkswagen Group annual conference 2026 Q&A: Strengthening cost efficiency while navigating regulatory and global market changes On March 10, Volkswagen Group held the Annual Media, Analyst and Investor Conference. The event was presented by Mr. Oliver Blume CEO and Mr. Arno Antlitz CFO & COO. Main Q&As Q1. What specific cost cutting measures are you considering to meet the Vision 2030 targets? A. [Oliver Blume CEO] Over the past three years we h...

News  Updated at: 2026/03/12

DTNA to offer two new Allison Transmission packages on Freightliner M2 106 Plus On March 10, Allison Transmission announced an expansion in its long-standing partnership with Daimler Truck North America (DTNA) with the introduction of two advanced fully automatic transmission offerings for the Freightliner M2 106 Plus medium-duty truck. The Allison 3414 Regional Haul Series (RHS) transmission paired with the Cummins X10 diesel engine in M2 106 Pl...

News  Updated at: 2026/03/12

GigaDevice, China, to present MCU and memory solutions at Embedded World 2026, Germany On March 6, GigaDevice announced its participation in Embedded World 2026. It will present its latest system-level capabilities and its role as a long-term solution partner for global leaders.  GigaDevice is a leading force in automotive memory. It is expanding its automotive MCU portfolio, highlighted by the second-generation GD32A7 series. This MCU reached I...

News  Updated at: 2026/03/09

Bounce, India raises USD 3.9 million to support next phase of growth On March 2, multiple sources reported that EV startup Bounce raised about USD 3.9 million in a funding round led by existing investors Accel, B Capital and Qualcomm Ventures, According to regulatory filings with the Ministry of Corporate Affairs, the company allotted 3.76 million Series F compulsorily convertible preference shares (CCPS) to the two investors as part of the fundi...

News  Updated at: 2026/03/05

Renesas Electronics to launch 28-nanometer generation automotive microcontroller Renesas Electronics Corporation (Renesas Electronics) announced on March 4 that it will launch an “RH850/U2C” 32-bit automotive microcontroller (MCU) with embedded 28-nanometer generation flash memory (nanometer is one-billionth of a meter). The new MCU is a low-end RH850 series product for a wide variety of vehicle body control functions, including chassis and s...

News  Updated at: 2026/03/05

Wayve, UK, raises USD 1.2 billion in Series D investment round for autonomy platform On February 25, Wayve raised USD 1.2 billion in a Series D investment round, bringing its post-money valuation to USD 8.6 billion. The funding accelerates the company’s shift from AI research leadership to scaled commercial deployment of its end-to-end AI platform. The round was led by Eclipse, Balderton, and SoftBank Vision Fund 2. It also attracts new investm...

News  Updated at: 2026/02/25

Weineng Battery secures nearly CNY 2 billion from Series C financing On February 13, Wuhan Weineng Battery Asset Co., Ltd. (Weineng Battery), owned by companies including NIO and CATL, closed a Series C3 equity financing worth CNY 1 billion and brought in two new key shareholders from Hefei. This raised the total proceeds from Weineng Battery’s Series C financing to nearly CNY 2 billion. The proceeds will be used for battery asset management op...

News  Updated at: 2026/02/25

Daimler Truck North America introduces new heavy-duty diesel engine generation On February 23, Detroit, Daimler Truck North America’s powertrain brand and leading manufacturer of heavy-duty truck engines, announced its new Gen 6 heavy-duty engine portfolio, comprised of the DD13, DD15 and DD16. The Detroit Gen 6 engines are fully compliant with the EPA’s 2027 standard and will be available for all heavy-duty Freightliner and Western Star truc...

News  Updated at: 2026/02/24

Mercedes Benz eArocs 400 completes Arctic Winter Testing ahead of 2026 launch On February 19, Daimler Truck announced that its new Mercedes-Benz eArocs 400 has successfully completed tough winter testing near the Finnish Arctic Circle in temperatures as low as -20°C. The electric truck was tested on snow and ice to check traction, driving stability, cold starts, battery performance, charging behavior, and energy recovery in extreme cold. The res...

News  Updated at: 2026/02/19

Rivian targets 20,000 to 25,000 R2 deliveries in 2026 On February 12 on its Q4 2025 earnings call, Rivian shared its volume expectations for the new R2’s first year on the market. CFO Claire McDonough said the company aims to deliver 62,000-67,000 vehicles across its portfolio in 2026, adding that Rivian’s R1T, R1S and commercial van volumes will be approximately in line with 2025’s numbers, which came in at a little over 42,000 units. Expe...

News  Updated at: 2026/02/19