ly 300 condominiums. The company has also scaled up deployments at commercial and industrial sites, where almost all fast chargers are rated at 120 kW or higher. Looking ahead, Charge+ aims to deploy 30,000 charging points globally by 2030, supported by an SGD 21 million green loan from DBS Bank in 2024, while developing a 5,000 km cross-border charging corridor across Southeast Asia. (From Charge+ press release dated March 30, 2026)...

News  Updated at: 2026/04/03

down kits at the plant would be unacceptable, and Ontario Premier Doug Ford followed on by commenting that such a plan would only be acceptable if the venture used Ontario-made auto parts and assembled the vehicles with Ontario autoworkers. Stellantis bought a 20% stake in Leapmotor in 2023, and in 2024 formed the Leapmotor International joint venture, focused on global production and sale of EVs. The JV plans to start producing Leapmotor SUVs la...

News  Updated at: 2026/04/03

NORMA Group, Germany, to cut 400 jobs worldwide by 2028 On March 31, NORMA Group announced that it will cut 400 jobs worldwide by 2028. The company plans to generate annual savings of up to EUR 42 million by 2028 compared to the 2024 cost base. The Group optimized its global footprint over the past year. In the Asia-Pacific region. The company consolidated its production sites in China and its distribution centers in Australia.  In the Americas,...

News  Updated at: 2026/04/02

Toyo Seikan and TOPPAN Holdings cancel establishment of Swedish JV for EV battery casing materials On March 31, Toyo Seikan Co., Ltd. (Toyo Seikan) announced the cancellation of its plan to establish a joint venture in Sweden with TOPPAN Holdings Inc. (TOPPAN Holdings) to manufacture casing materials for lithium-ion secondary batteries used in electric vehicles (EVs). In June 2024, Toyo Seikan and TOPPAN Holdings agreed on the establishment of a ...

News  Updated at: 2026/04/02

ction early, including the possibility of postponing or abandoning its market entry. In October 2025, Sharp announced its market entry policy for FY2027 when it unveiled details of its EV concept at the Japan Mobility Show (JMS) 2025. This is the second model, an evolution of the "LDK+" unveiled in 2024, and was developed based on the "Model A" EV from its parent company, Hon Hai Precision Industry Co. Ltd. (From an article in the Nikkan Jidosha ...

News  Updated at: 2026/04/01

at Roush Automotive in Livonia, Michigan. In September 2022, Mullen Automotive acquired a 60% controlling interest in Bollinger Motors for USD 148.2 million in September 2022, and by June 2025, Mullen increased its ownership to 95%, and took the name to rebrand as "Bollinger Innovations" In October 2024, Bollinger provided the struggling company with USD 10 million, for which he later sued to recover claiming non-performance by the Mullen leaders...

News  Updated at: 2026/04/01

rd F-150 pickup truck. It became the first of the company's eight global production sites to receive the award. The company has acquired Ford's Q1 Award certification for its eight production sites, starting with the Daejeon Plant in South Korea in 2000, and most recently for the Hungarian plant in 2024. (From a press release on March 26, 2026)...

News  Updated at: 2026/03/31

ents. A temporary restraining order was issued requiring shipments to continue and preventing a shutdown there, which could have caused layoffs beyond the plant to other suppliers. A hearing in the case is now scheduled for April 6. ZF Foxconn Chassis Modules is a 50/50 joint venture established in 2024 between ZF Friedrichshafen AG and Foxconn, specializing in automotive chassis systems, axle assembly, and logistics. (multiple sources on March 2...

News  Updated at: 2026/03/31

Setco Automotive, India sells SASPL to RSB Transmissions, to rename itself Shilayan Industries On March 29, 2026, Setco Automotive signed agreements to sell its entire 65% stake in Setco Auto Systems Private Limited (SASPL), its material subsidiary contributing 96% of consolidated revenue (INR 6.63 billion in FY 2024–25), to Pune-based RSB Transmissions in a two-phase transaction. In Phase 1, approximately 41% will be sold for around INR 1.85 b...

News  Updated at: 2026/03/30

plan for withdrawal from the Chinese market. Local sales activities will last until mid-2026, after which all warranty and post-sales services will remain available to Skoda users. The reason for Skoda’s withdrawal is the failure to keep up with the electrification pace of Chinese automakers. In 2024, Skoda achieved an annual sales volume of 17,500 units in China, down 23.1% year-over-year. In 2025, sales continued to decline, ending up as low...

News  Updated at: 2026/03/30

total of KRW 9.24 trillion (JPY 1.02 trillion) from January 2025 to December 2030. The contract partner is believed to be Northvolt AB of Sweden.  Having been affected by the slowdown in demand for electric vehicles (EVs), Northvolt filed for bankruptcy protection in the United States in November 2024 and in Sweden in March 2025. L&F explained that it understands the contract partner is currently in the process of filing for bankruptcy and sell...

News  Updated at: 2026/03/30

age on the world economy. Moreover, the final decision of these reciprocal tariffs remains unresolved, continuing to cast uncertainty over the global economic outlook. Additionally, countries including Russia, the EU, Canada, and Mexico raised tariffs on Chinese-made Electric Vehicles (EVs) in late 2024 and throughout 2025. Nonetheless, despite such complex and turbulent changes, China’s automotive market still delivered a satisfactory performa...

News  Updated at: 2026/03/30

is reportedly now complete, and per the terms of its 50/50 joint venture, the Volkswagen Group will invest another USD 1 billion in Rivian. If delivered as before, it will be a USD 1 billion convertible note that will convert into an equity stake at a later date. When the partnership was created in 2024, the VW Group announced it would invest USD 5.8 billion into Rivian by 2027 to gain access to its expertise in vehicle software and electronic ar...

News  Updated at: 2026/03/28

Lexus recalls 144,200 SUVs in U.S. over faulty backup camera circuit On March 25, Toyota announced it is recalling several Lexus models in the U.S. over reversing camera images. A total of 144,200 vehicles are affected, including the 2024-2026 Lexus TX350, 2023-2026 Lexus RX350, 2022–2025 Lexus NX350, and 2022–2025 Lexus NX250 models.  Unlike other companies with faulty camera image problems, the issue in the case of these Lexus models stems...

News  Updated at: 2026/03/28

il 12, 2025. BMW China: -          Recall number S2026M0033V: 8,978 imported 5-series models manufactured between October 17, 2023 and April 8, 2025; 36,527 imported 7-series models manufactured between June 9, 2022 and April 3, 2025; and 173 imported M5 models manufactured between July 4, 2024 and April 2, 2025. The aforementioned vehicles have wiring issues with the front-row air conditioning harnesses, which could be damaged when the ...

News  Updated at: 2026/03/26

ge, each session delivers around 20 kWh in approximately 30 minutes. BYD expects to expand this network to 225 fast-charging points by the end of 2026. BYD reported that registered users of its charging app increased from 59,900 in June 2025 to 166,000 in March 2026. Since operations began in March 2024, the network has supplied more than 7,000 MWh of energy. The company also confirmed plans to introduce ultra-fast Flash charging technology in Br...

News  Updated at: 2026/03/25

ack utility-scale battery storage systems, has been growing rapidly, and solar energy supply is seen as a critical component for scaling of the business to support vehicle electrification and data centers for AI. Solar manufacturing equipment was excluded from tariffs by the Biden administration in 2024, with the exemption extended by the Trump administration. (Reuters and multiple sources on March 20, 2026)...

News  Updated at: 2026/03/25

Ford recalls 254,640 SUVs for camera, ADAS software issues On March 23, Ford announced it is recalling 254,640 SUVs in the U.S. over software issues that may result in the loss of rearview camera image and some advanced driver assistance (ADAS) features, according to the U.S. National Highway Traffic Safety Administration (NHTSA). The recalled models include 2022-2025 Lincoln Navigator, 2024-2025 Lincoln Nautilus, 2025-2025 Lincoln Aviator and 20...

News  Updated at: 2026/03/25

f US tariffs, a shift to local production, and competition from overseas products. On the other hand, it predicts that the increasing use of electric wires per vehicle due to the advancement of electrification will boost demand. The estimated FY2025 figure is 92,100 tons, an increase of 0.5% from FY2024 results. The increase in electric wire usage per vehicle is expected to offset the decrease in automobile production due to US tariffs and other ...

News  Updated at: 2026/03/24

als and tribulations of recent years, European Light Vehicle (LV) sales and production have largely shared the same fate, with both contracting by a CAGR of 3.8% and 4%, respectively, in 2019-23. However, since then, the relationship has started to diverge, with regional output declining by 3.9% in 2024 and 1.5% in 2025, while sales increased by 4.6% in 2024 and 0.6% in 2025. This divergence implies that European automakers can no longer rely on ...

News  Updated at: 2026/03/23