Niterra to acquire spark plug and exhaust gas sensor businesses from Denso Niterra Co., Ltd. (Niterra) announced by September 2 that it will acquire Denso Corporation’s (Denso) spark plug and exhaust gas sensor (oxygen sensors and air-fuel ratio sensors) businesses. The acquisition price will be JPY 180.6 billion. Niterra’s share in the global automotive plug market is likely to reach 60%. While the shift to electric vehicles (EVs) is current...

News  Updated at: 2025/09/03

ract was signed on August 27, and the acquisition cost was USD 104 million (JPY 15.3 billion). Sumitomo Rubber intends to accelerate the expansion of the service with its proprietary prediction and analysis technology, Sensing Core. The two companies initiated a joint experiment for Sensing Core in 2023, and in 2024, they further strengthened their partnership with Sumitomo Rubber, having invested in Viaduct. Through this acquisition, Sumitomo Ru...

News  Updated at: 2025/09/02

Honda announces new relocation plan of head office to Yaesu, Tokyo in 2029 On August 29, Honda Motor announced new plans for relocation of its global head office to Yaesu Area in Tokyo and reconstruction of Honda Aoyama Building, its former global head office. In September 2023, Honda decided reconstruction of Honda Aoyama Building with target completion in the fiscal year ending March 31, 2031. In May 2025, its head office functions were relocat...

News  Updated at: 2025/08/29

e of Alcoa’s operating alumina refineries in Western Australia. Gallium supports a wide range of important industries, including the technology sector, particularly semiconductors, and the defense industry. Gallium production is currently concentrated in China, which introduced market controls in 2023, heightening global interest in alternative supply chains. Australia and the U.S. have recognized gallium as a critical mineral, including Japan,...

News  Updated at: 2025/08/05

Ford to reveal new EV, platform on August 11, CEO Farley says On July 30 during the investors call following release of its Q2 report, Ford CEO Jim Farley announced a new EV strategy and the coming reveal of a new electric vehicle and EV platform on August 11 at its Louisville Assembly Plant in Kentucky. During 2023 negotiations with the UAW, Ford promised to invest USD 1.2 billion into Louisville Assembly and an "all-new EV product" following th...

News  Updated at: 2025/08/01

is decision follows challenging market conditions in the control unit division, including significantly declining volumes and increasing competitive and pricing pressure. The Bosch eBike Systems and Bosch Sensortec divisions are not affected by the restructuring plan. This move is part of Bosch’s global downsizing program, which began in late 2023. Including the planned cuts in Reutlingen, Bosch now expects to reduce its global workforce by ove...

News  Updated at: 2025/07/23

eneral Motors. In January, Webasto announced it would close its Rochester Hills, Michigan, plant in a consolidation impacting 244 workers. In December 2024, it laid off 218 workers after cutting the third shift at its Plymouth Township and New Hudson factories. On July 3, Webasto announced that its global restructuring is on track and expected to be completed in 2028. Webasto had launched its restructuring program at the end of 2024, adjusting it...

News  Updated at: 2025/07/12

BMW gears up for Neue Klasse EVs with global battery production network On July 9, BMW announced that it will ramp up the production of the high-voltage batteries for its Neue Klasse vehicles. Before mass production, BMW tests and develops the batteries at its pilot plants in Parsdorf, Hallbergmoos, and at the Research and Innovation Centre (FIZ) in Munich. BMW is setting up five battery assembly plants on three continents for its sixth-generatio...

News  Updated at: 2025/07/09

Lyten acquires Northvolt’s Dwa ESS operations in Gdansk, Poland On July 1, San Jose, California-based Lyten, a global leader in lithium-sulfur batteries, announced the acquisition of Northvolt’s Dwa ESS operations in Gdansk, Poland.  The 25,000 square meter (270,000 sq ft) battery energy storage systems (BESS) manufacturing and R&D facility is the largest BESS manufacturing facility in Europe and was part of Northvolt Systems. Lyten and Nort...

News  Updated at: 2025/07/03

VinFast expands in U.S. with first dealership in California On June 18, VinFast announced its first authorized dealership in California, representing a key milestone in VinFast's global strategy to expand its sales model through a network of dealerships across the country. Located in San Diego, VinFast's newest dealership is set to officially begin operations in late June. The location will provide California consumers with the opportunity to exp...

News  Updated at: 2025/06/25

KGM aims to launch 7 new SUV and MPV models by 2030 On June 17, multiple sources reported that KGM held its ‘KGM Forward’ event at its headquarters in Pyeongtaek, where the company unveiled its mid- to long-term strategic roadmap. At the event, KGM highlighted the expansion of its SUV-focused lineup and enhanced collaboration with global partners as its core strategies. KGM plans to introduce seven new models by 2030, including practical, exp...

News  Updated at: 2025/06/19

GlobalData blog: Thailand’s automotive market faces critical challenges amidst shifting regional landscape Thailand’s position in the ASEAN automotive landscape is facing increasing pressure as regional dynamics shift. The country experienced a staggering 26% YoY decline in Light Vehicle (LV) sales in 2024, and the outlook for 2025 remains bleak, with a further contraction of 7% YoY experienced in Q1 compared to an already depressed base duri...

News  Updated at: 2025/06/12

Stellantis Italy signs new Collective Labor Agreement (CCSL) with trade unions for 2025–2026 On June 6, Stellantis Italia signed a new agreement with major trade unions covering the economic part of the second two-year period of the collective labor contract for 2023–2026. The agreement continues a long-standing partnership between the company and unions. Key updates include wage increases, better performance bonus criteria, and restarting wo...

News  Updated at: 2025/06/09

hile increasing the use of inexpensive manganese. Additionally, they can achieve an energy density 33% higher than that of LFP batteries. Recognizing these advantages, Posco Future M selected LMR cathode materials as a flagship product for the entry-level and standard electric vehicles (EVs). Since 2023, the company has been jointly developing commercialization technology with global automakers and battery companies, and in 2024, it completed pil...

News  Updated at: 2025/05/30

Bosch seeks to expand North American component production On May 14, Robert Bosch GmbH reported North American consolidated sales of USD 17.3 billion and net sales of USD 18.6 billion. North America had the largest sales increase globally for Bosch in 2024, growing 5% year-over-year.  The growth moves the company toward its goal of the region representing 20% of global sales by 2030, at the same time President Trump has increased tariffs on impo...

News  Updated at: 2025/05/21

Honda 2025 Business update: realigning automobile electrification strategy On May 20, Honda held a press briefing on realigning its automobile electrification strategy. As for EVs, due to the revision of the product launch plan considering the recent market slowdown, the Honda global EV sales ratio in 2030 is now expected to fall below the previously announced target of 30%. Honda will position its HEVs, as the powertrain that will play a key rol...

News  Updated at: 2025/05/20

y the increasing demand for reliable battery testing services, the facility was purpose-built from the ground up to evaluate EV and industrial battery products during the research and development phases of battery manufacturing.  The opening of the UL Solutions Aachen laboratory arrives during the global energy transition toward electrification. The International Energy Agency notes strong EV market growth and surge in battery demand, which jump...

News  Updated at: 2025/05/16

re shares of NSK Steering & Control, Inc. (NS&C), currently an equity-method affiliate of NSK. As a result of the share acquisition, NS&C and its subsidiary, NSK Steering Systems Co., Ltd., will become consolidated subsidiaries of NSK. NS&C was a consolidated subsidiary of NSK which managed NSK’s global steering business. Since August 2023, NS & C has become an equity method affiliate, with JIS holding 50.1% of the voting rights and NSK holding...

News  Updated at: 2025/05/14

GlobalData blog: Europe’s automotive sales lose global lifelines The European automotive market in 2025 is not in freefall but is clearly stagnating For decades, Europe’s automotive sector was built on strong export markets, with Russia, China, and the US playing an outsized role in driving sales volumes and profitability. While domestic demand remains important to European OEMs, external markets have provided both scale and stability – unt...

News  Updated at: 2025/05/08

Dongsung Chemical opens new PU plant in Indonesia to serve key industries including automotive On April 30, 2025, Dongsung Chemical, a South Korea-based eco-friendly materials science company, inaugurated a new polyurethane (PU) production plant spanning 81,000 sqm in Karawang, Indonesia. Construction started in September 2023, with trial production completed in early 2025 and full-scale operations commencing in February 2025. With an annual capa...

News  Updated at: 2025/05/08