UK Government announces GBP 650 million Electric Car Grant scheme On July 15, the UK Government announced a GBP 650 million Electric Car Grant (ECG) scheme. Supporting the manifesto commitment to phase out the sale of new gasoline and diesel cars by 2030, the ECG will back UK and other manufacturers, with eligibility dependent on the highest manufacturing sustainability standards.  Discounts up to GBP 3,750 will be available at the point of sale...

News  Updated at: 2025/07/15

de spectrum of projects that help the transition to zero-emission vehicle manufacturing, targeting established high-volume manufacturing and multi-billion-pound gigafactories, all the way to start-ups, prototypes, and cutting-edge automotive innovation.   It will commit GBP 2 billion in funding to 2030 alongside an additional GBP 500 million for research and development to 2035, signalling a ten-year commitment to UK automotive innovation. The g...

News  Updated at: 2025/07/14

thyssenkrupp Steel and IG Metall union reach collective restructuring agreement thyssenkrupp Steel Europe AG and the IG Metall union have reached a new collective restructuring agreement, Steel Realignment, to secure the company’s long-term competitiveness. The new agreement, which runs until September 30, 2030, builds on the industrial concept presented in November 2024 and the agreement in principle concluded with IG Metall in May 2025. Key m...

News  Updated at: 2025/07/14

of the company’s all-electric EPS (Electric Power Steering) system, which could cut carbon emissions by up to 5.8 million tons in the first ten years. Knorr-Bremse is investing in energy-efficient automated and digital manufacturing technologies to transform this facility into a high-tech site by 2030. (From a press release dated July 11, 2025)...

News  Updated at: 2025/07/14

eo Kapec, a torque converter parts manufacturer in South Korea, will build an electric vehicle (EV) battery system assembly (BSA) production line in Yeongcheon, South Korea. BSA is a product that combines electrical equipment and battery management systems (BMS) in a battery pack. From 2025 through 2030, the South Korean company plans to invest KRW 160 billion (JPY 17.6 billion) in this project. Valeo Kapec was established in 2017 as a joint vent...

News  Updated at: 2025/07/11

Daido Electronics to triple production of heavy rare metal-free magnets for drive motors by FY 2030 Daido Electronics Co., Ltd. (Daido Electronics, Nakatsugawa City, Gifu Prefecture), Daido Steel Co., Ltd.’s group company that produces magnets, will boost the production of drive motor magnets that do not use heavy rare metal (heavy rare earths). The company’s head plant will start a new production line as early as the beginning of 2026 to mor...

News  Updated at: 2025/07/11

d, North Carolina. The LOI contemplates potential funding of up to USD 420 million, with a minimum repayment term of 20 years under EXIM’s Make More in America initiative (MMIA). EAM plans to commission 30,000 tons of battery-grade synthetic graphite by 2027 and expects to scale to 60,000 tons by 2030. EAM’s Leland Facility is well positioned to supply synthetic graphite for approximately 1 million electric vehicles. EAM plans to submit a for...

News  Updated at: 2025/07/10

Daimler Truck announces cost cutting and growth strategy ‘Stronger 2030’ On July 8, Daimler Truck announced its updated Group strategy called “Stronger 2030” at the Capital Market Day 2025. The strategy is built on the following five key pillars to increase profitability and resilience: The Group is focusing on economies of scale, shown by the planned merger of Mitsubishi Fuso and Hino. In 2024, Daimler Truck earned over EUR 8 billion fr...

News  Updated at: 2025/07/09

se yen-denominated convertible bonds (CBs) outside Japan that mature in 2031, announced on July 8 that it will increase the total amount to JPY 200 billion based on demand from investors. Nissan will utilize the funds for technical development to realize its medium- and long-term “Nissan Ambition 2030” research and development vision. (From an article in the Nikkan Jidosha Shimbun on July 9, 2025)...

News  Updated at: 2025/07/09

. Electric pumps are offering increasingly higher functions, requiring improvements in durability at high temperatures and high loads. The company plans to advance the development of new products with excellent sliding properties in the future, aiming to generate annual sales of JPY 2 billion by FY 2030 in the high-sliding molding materials segment. (From an article in the Nikkan Jidosha Shimbun on July 9, 2025)...

News  Updated at: 2025/07/09

rids, dramatically softening the compliance requirements for OEMs under the province’s ZEV mandate and benefitting models such as the Ford Maverick Hybrid XLT, Toyota RAV4 and Honda CR-V. Under current legislation, ZEVs must account for 32.5% of light-duty vehicle sales in model year 2026, 85% in 2030 and 100% in 2035. The regulations grants BEVs a full credit and plug-in hybrids (PHEVs) with electric range of more than 80 km a half credit. OEM...

News  Updated at: 2025/07/09

on e-mobility. The development center is now working on new electric technologies, including a high-performance electric drive for BMW M models from 2027, inverter systems, and thermal management for all BMW electric cars. BMW is expanding the Steyr development center, investing EUR 230 million by 2030. Based on BMW Austria press release...

News  Updated at: 2025/07/08

ll newly manufactured motorcycles must meet the highest emission standard (Level 4), with mopeds following suit a year later. The program will launch in Hanoi and Ho Chi Minh City on July 1, 2027. Other major urban centers will join in 2028, and full nationwide implementation is expected by January 2030.  This initiative reinforces Vietnam’s commitment made at COP26 to achieve net-zero emissions by 2050. Vietnam’s vehicle population has surg...

News  Updated at: 2025/07/08

minated convertible bonds (CBs) outside Japan. The CBs will mature in July 2031. Nissan, which stated that it has ensured sufficient fund liquidity, plans to utilize the fund from the issue of CBs to increase the product lineup of electrified vehicles for the fiscal year that ends in March 2031 (FY 2030) and develop advanced technologies such as software-defined vehicles (SDVs). (From an article in the Nikkan Jidosha Shimbun on July 8, 2025)...

News  Updated at: 2025/07/08

he production of hybrid vehicles. The cancellation affects only the full-size electric SUV. Honda’s 0 Sedan and 0 midsize electric SUV are still on track, with production of the 0 sedan beginning first in Ohio in 2026.  Honda previously announced a reduction in its EV-related investments through 2030, from JPY 10 trillion yen (USD 69 billion) to JPY 7 trillion yen (USD 48 billion). (multiple sources on July 7, 2025)...

News  Updated at: 2025/07/08

industrial competitiveness and creating high-quality jobs across Europe. The projects support innovation in the production of EV battery cells and the deployment of innovative and sustainable manufacturing techniques, processes, and technologies. All projects are expected to begin operations before 2030. Upon completion, these projects will have a combined manufacturing capacity of around 56 GWh of EV battery cells per year. Over the first 10 yea...

News  Updated at: 2025/07/07

tform for advancing electric vehicle development in Thailand and Southeast Asia.  Themed “Mobilize to Globalize: Innovative Supply Chain and Technology for Sustainability,” the event highlighted Thailand’s goal of becoming a regional EV hub and achieving 30% zero-emission vehicle adoption by 2030. Initiated by the Electric Vehicle Association of Thailand (EVAT), the conference brought together academia, industry, and government to promote ...

News  Updated at: 2025/07/07

ndustrial plan, it plans to invest in eight markets outside of China such as Uzbekistan, Indonesia, Vietnam, Saudi Arabia, and Mexico by establishing wholly-owned subsidiaries, with a total investment amount of CNY 498 million. Such a deployment serves as a strong boost to FAW Jiefang’s “Sprint 2030” internationalization strategy to accelerate the establishment of international capabilities and provide robust support for breakthroughs in sa...

News  Updated at: 2025/07/07

line will focus on producing integrated interior systems for premium and electric vehicles, including dashboards, door panels, metal parts, and specialized components, significantly reinforcing the region’s automotive supply chain. NBHX also plans to increase its production capacity sevenfold by 2030. This expansion strengthens the plant’s position as one of the group’s most productive globally. The company, which operates in the U.S., Eur...

News  Updated at: 2025/07/05

arily from China, combined with reduced demand stemming from a slowdown in the construction and automotive industries. As a result, utilization rates in local steel production have fallen below 30%. The cabinet has already prolonged a ban on the establishment and expansion of steel bar plants until 2030, and the FTI is pushing for a similar policy to protect the rolled steel sector.  Thailand’s annual steel consumption remains at around 16 mil...

News  Updated at: 2025/07/04