reating an investment fund as part of their trade deal, mirroring the recent trade deal between the U.S. and Japan, in which Japan pledged to invest USD 550 billion in the U.S. to expand core industries there, as well as opening its automobile and agricultural markets. (multiple sources on July 25, 2024)...

News  Updated at: 2025/07/26

tegrated Device Manufacturer model for MEMS, which involves every stage of MEMS development, from design and manufacturing to testing and packaging, enabling faster innovation cycles and greater flexibility for customization. The business to be acquired generated about USD 300 million in revenue in 2024. ST and NXP have entered into a definitive transaction agreement for a purchase price of up to USD 950 million in cash. The transaction will be f...

News  Updated at: 2025/07/25

Bajaj Auto, India invests in affordable e-powertrain tech, expands R&D infrastructure In its annual report for FY 2024-25, Bajaj Auto announced a focus on developing affordable and scalable electric powertrains, along with controllers, human-machine interface (HMI) systems, connectivity features, and related technologies. The company is working on integrating these systems into its vehicles and subsystems. The R&D team expanded across design, ana...

News  Updated at: 2025/07/25

Tesla operating profit down 42.5% in Q2 2025 On July 23, Tesla delivered its financial results for Q2, with net income falling 16.3% to USD 1.2 billion, on revenue of USD 22.5 billion, down 11.8% from the same period in 2024. Operating income fell 42.5% to USD 923 million, resulting in a 4.1% operating margin, and adjusted EBITDA was down 7.4% to 3.4 billion in Q2. The company noted its decline in Q2 due in great part to lower automotive deliveri...

News  Updated at: 2025/07/25

Charging Outposts” are a full-service charging concept, with a lounge, merchandise store, and coffee/trail mix for drivers who stop in for a charge.  Rivian’s network will gradually adopt more NACS plugs, and the next stations to get them will be the Outposts in Yosemite, which first opened in 2024, and its first on the East Coast, in New York in the Hamptons, on August 7.  (multiple sources on July 23, 2025) (Rivian charging location site)...

News  Updated at: 2025/07/25

India (GSI) has also reported 482.6 million tonnes of REE resources from 34 exploration projects. India has not imported rare earth minerals in the last decade and has exported only 18 tonnes during this period. Exploration projects for critical minerals are underway, with 195 projects active in FY 2024-25 and 227 planned for FY 2025-26. The government has also eased customs duties on several critical minerals and initiated the National Critical ...

News  Updated at: 2025/07/24

QuantumScape, USA expands partnership with PowerCo to accelerate QSE-5 solid-state battery scale-up On July 23, QuantumScape, USA announced that it is expanding strategic collaboration and licensing arrangement with PowerCo SE, the battery company of the VW Group, originally entered into in July 2024. The new deal aims to speed up the development of the QSE-5 solid-state battery pilot line in San Jose — a key step toward commercializing the tec...

News  Updated at: 2025/07/24

ion electric motors. The advanced steel will be used in the rotors and stators of BMW’s sixth-generation (Gen6) electric drivetrain, which will power the upcoming "New Class" electric vehicles (EVs). BMW and voestalpine have worked together for many years on materials and coating technologies. In 2024, BMW’s Steyr plant officially chose voestalpine as its supplier for electrical steel. The new voestalpine material combines ultra-thin electric...

News  Updated at: 2025/07/24

ce on imported components and increasing localization levels. It is also planning a joint venture with a major Japanese corporation, which is the next step in the expansion strategy.  The plant is now the main production site for the Kia Sonet, with full-scale (CKD) manufacturing starting in March 2024. It has invested USD 258.9 million in the project. The CKD line is designed to produce up to 100,000 cars per year. Additionally, an automotive c...

News  Updated at: 2025/07/24

UzAuto Motors Powertrain, Uzbekistan, exports CSS prime cylinder blocks to Latin America On July 24, UzAuto Motors Powertrain, in a social media post, announced that it has been exporting CSS Prime cylinder blocks to Latin America since December 2024. The total volume of shipments amounts to 40,000 units, worth USD 4.9 million. It has implemented an HPDC (High-Pressure Die Casting) line, enabling the production of high-precision cylinder block ca...

News  Updated at: 2025/07/24

er automakers showed that in June, production reached 20,378 HEV passenger cars and 3,304 BEV passenger cars, along with 712 trucks (ranging from under 5 to over 10 tons) and 45 BEV 1-ton pickups. In H1 2025, total vehicle production amounted to 724,715 units, a 4.8% decline from the same period in 2024. HEV passenger car production during H1 totaled 112,203 units, while BEV passenger car output reached 23,798 units. Year-to-date production of BE...

News  Updated at: 2025/07/24

regions in Asia, Europe, Africa, Oceania, South America, and North America. An average of two to three roll-on/roll-off ships fully loaded with Chinese-made automobiles set sail from here every day. Automobile exports from ports in Shanghai soared from 379,000 units in 2020 to 2.39 million units in 2024, up 58.4% per year on average. From a GACC press release...

News  Updated at: 2025/07/24

shareholders will hold approximately 79.69%, 3.30%, and 17.01% of Voyah’s equity interests, respectively. As for the reason for the capital increase, DFMC stated that Voyah needs to increase investment to enhance its R&D, branding, and marketing capabilities. According to DFMC, Voyah’s 2023 and 2024 after-tax net losses were CNY 1.472 billion and CNY 18 million, respectively. From a DFMC HKEX announcement...

News  Updated at: 2025/07/24

Acura TLX sedan production to be discontinued at Marysville plant Honda will end production of the Acura TLX in Marysville, Ohio, in July, reducing the Acura lineup to one sedan and four crossovers. The TLX is built on the same line as the Honda Accord, as well as the Acura Integra, which significantly outsells the TLX.  Sales of the TLX slumped in 2024 while the company consolidated production of the Accord, Integra, and TLX to one line as it r...

News  Updated at: 2025/07/24

Shell Recharge, JomCharge, Charge+, ChargeSini, RExharge, Charge N Go, chargEV, DC Handal, and Carput Zap, the Live Integrated Charging Map now covers over 3,300 public charging points. Additionally, more than 1,100 chargers are available across 390 high-rise residential properties. Since January 2024, PRO-NET has developed a nationwide EV dealership network, investing over MYR 2 million in each of the 35 outlets. Upgrades include EV service ba...

News  Updated at: 2025/07/23

t time that ASR-derived plastic has been adopted in a Toyota vehicle in Japan. Planic was jointly established in 2018 by Veolia Japan K.K. (Minato Ward, Tokyo), Toyota Tsusho, and Kojima Sangyo Co., Ltd. (Miyoshi City, Aichi Prefecture), a group company of Kojima Industries Corporation. In December 2024, Toyota Tsusho acquired Planic’s shares from Veolia Japan to make Planic one of its group companies. Planic manufactures high-quality recycled ...

News  Updated at: 2025/07/23

e being, while strengthening its contract manufacturing and technical licensing businesses. In anticipation of a slowdown in the growth of the electric vehicle (EV) market, the company aims to revamp its energy material business, which posted an operating loss in the fiscal year ended March 2025 (FY2024), aiming for a V-shaped recovery. Central Glass deals in automotive LIB electrolytes and additives in its energy material business. For automotiv...

News  Updated at: 2025/07/23

d Hyundai Motor Group Metaplant America produced 28,957 units of the Ioniq 5 and 4,187 units of the Ioniq 9 at the facility in the first half of 2025. Hyundai and Kia have faced challenges in the U.S., with EV sales of 44,555 units down  28% in the first half of 2025 compared to the same period in 2024, according to industry data, with future sales looking less certain with the ending of U.S. EV tax credits on September 30.  A recent report by ...

News  Updated at: 2025/07/23

Endurance Technologies, India advances R&D in EV die-casting, braking, transmission, and suspension systems In its annual report for FY2024-25, Endurance Technologies Limited reported a total R&D expenditure of INR 861.96 million.  At the Chakan R&D centre (die-casting), Endurance developed structural aluminium components for EV OEMs and Tier 1 suppliers, along with special alloy parts for EVs and components for stationary engines. Process impro...

News  Updated at: 2025/07/22

Amara Raja, India updates about R&D progress in automotive and EV battery technologies In its Annual Report for FY 2024-25, Amara Raja Energy & Mobility Ltd. disclosed an R&D expenditure of INR 137.2 million and detailed its work across product technology, manufacturing engineering, and research. The company's efforts were directed toward import substitution, environmentally friendly materials and operations, manufacturing upgrades, and the devel...

News  Updated at: 2025/07/22