Ford transitions EV strategy and plants in Tennessee, Kentucky, Ohio, Michigan On December 15, Ford announced a new revised strategy for its EV and ICE efforts that will enable the company to face the changing marketplace and accelerate margin improvements across its Ford Model e, Ford Pro and Ford Blue divisions, as well as launch a new energy storage business. Ford said the moves will begin narrowing the financial losses for its Model e EV uni...

News  Updated at: 2025/12/17

SK On, Ford to break up U.S. battery joint venture On December 11, SK On announced it and its joint venture partner Ford mutually agreed "to restructure their U.S. EV battery manufacturing joint venture, BlueOval SK" as SK On directs its business to focus on growth areas including energy storage systems. As a result of this restructuring, the BlueOval SK Battery Park (two battery plants) in Glendale, Kentucky will become wholly owned by a Ford s...

News  Updated at: 2025/12/12

llion units, up 6.1% y/y. Luxury car retail sales volumes totaled 240,000 units, down 7% y/y. Retail sales volumes of domestic brands totaled 1.49 million units, down 4% y/y. Domestic brands had a market share of 67% of the total, up 3 percentage points y/y. Retail sales volumes of mainstream joint venture brands totaled 490,000 units, down 19% y/y. Specifically, German brands had a retail share of 14.0%, down 1.6 percentage points y/y; Japanese ...

News  Updated at: 2025/12/09

Uno Minda, India to take full control of traction motor JV, approves investment in EV subsidiary On December 1, Uno Minda Limited announced that its Board of Directors had approved the acquisition of the entire 49.90% equity stake held by Buehler Motor GmbH in Uno Minda Buehler Motor Private Limited (UMBM), making UMBM a wholly owned subsidiary of Uno Minda. UMBM currently manufactures traction motors based on electronically commutated DC (EC‑D...

News  Updated at: 2025/12/01

BYD Uzbekistan to localize EV battery production On November 26, multiple sources reported that the Deputy CEO of BYD Uzbekistan Factory, a joint venture in Uzbekistan, stated that they are planning to localize the production of batteries for electric vehicles. Deputy CEO emphasized that BYD manufactures key components such as batteries, chips, and motors, in-house, and that this expertise will gradually be transferred to Uzbekistan. The plant ha...

News  Updated at: 2025/11/27

PTT, Thailand plans to withdraw from EV production JV with Foxconn Reported on November 19, 2025, PTT PLC is considering selling its entire stake in Horizon Plus Co., Ltd., an EV joint venture with Hon Hai Precision Industry Co., Ltd. (Foxconn), to Foxconn. This move is part of PTT’s plan to improve its cash flow and prepare for a sluggish Thai and global economy in 2026. The company aims to earn an additional THB 100 billion through these sha...

News  Updated at: 2025/11/21

IONNA plans USD 250 million investment for Rechargery stations in California On November 20, IONNA, the joint venture nationwide electric vehicle (EV) charging network announced a new planned investment of more than USD 250 million in infrastructure across California over the next three years, while marking kickoff ceremonies in San Francisco, Sacramento, San Diego, San Jose, and Westminster, representing only a fraction of the over 1,000 bays no...

News  Updated at: 2025/11/21

JBM Group, India enters joint venture With Sodecia Automotive, Portugal for hot stamping components facility On November 20, JBM Group entered a joint venture with Sodecia Automotive International SA, a Portugal-based global automotive supplier, to design, develop, and manufacture hot-stamped automotive systems and components in India. The foundation stone for the new manufacturing facility was laid at JBM’s Neel Metal Products Ltd. plant in Ch...

News  Updated at: 2025/11/20

Musashi, Japan launches e-Axle powered two-wheeler EV with Emobi in Bangalore, India On November 12, 2025, Musashi Seimitsu Industry Co., Ltd. announced the launch of a two-wheeled electric vehicle (EV) equipped with its proprietary e-Axle, developed for Emobi Manufacturing Private Limited, a Bangalore-based Indian startup. This initiative follows the commencement of mass production of e-Axles for two-wheeler EVs at Musashi Delta e-Axle India Pvt...

News  Updated at: 2025/11/18

Uno Minda Limited, India unveils INR 23.56 billion capex plan In an investor update, Uno Minda Limited outlined its ongoing expansion and localization initiatives as part of its FY2026 growth strategy. The company is currently executing 10 capacity expansion projects with a total capital commitment of INR 23.56 billion across multiple product lines. Some previously listed projects have been removed from the expansion queue as their Phase 1 stages...

News  Updated at: 2025/11/14

Harbinger raises USD160 million as FedEx places order for 53 EV delivery vans On November 13, Harbinger, a California-based manufacturer of medium-duty electric and hybrid vehicles, announced it has raised USD 160 million in a Series C funding round co-led by FedEx, Capricorn's Technology Impact Fund, and RV manufacturer THOR Industries.  The round also featured major participation from Ridgeline, a longtime Harbinger investor backed by FedEx. A...

News  Updated at: 2025/11/14

VW-Rivian JV advances SDV zonal architecture as winter testing begins from Q1 2026 On November 12, Volkswagen Group announced that its joint venture (JV) “Rivian and Volkswagen Group Technologies” (RV Tech) is making good progress on a modern zonal architecture for future software-defined vehicles (SDVs). Volkswagen plans to use the SDV architecture in its upcoming SSP-based EVs. Rivian will use the JV’s technology for future models such as...

News  Updated at: 2025/11/13

Thailand’s AAPICO Hitech Q3 FY2025 revenue down, net profit up Announced on November 12, 2025, Thailand-SET listed AAPICO Hitech (AH) reported a 5.9% YoY revenue decline in Q3 2025 (July - September), as steady performance in its automotive parts business was offset by weaker dealership sales.  Revenue from automotive parts operations remained resilient, supported by growth in Portugal and Malaysia, helping to counter a decline in Thailand and...

News  Updated at: 2025/11/13

lion units, up 7.9% y/y. Luxury car retail sales volumes totaled 190,000 units, down 10% y/y. Retail sales volumes of domestic brands totaled 1.55 million units, up 4% y/y. Domestic brands had a market share of 68.7% of the total, up 3 percentage points y/y. Retail sales volumes of mainstream joint venture brands totaled 510,000 units, down 10% y/y. Specifically, German brands had a retail share of 13.5%, down 2.3 percentage points y/y; Japanese ...

News  Updated at: 2025/11/11

Dolby provides in-car entertainment experience for Beijing Hyundai’s Elexio EV On October 30, Dolby Laboratories, Inc., and Hyundai Motor Group announced that Hyundai Motor Group’s China joint venture, Beijing Hyundai, has brought Dolby Atmos to its first China-exclusive all-new compact electric SUVe, the EO (also known as the Elexio), for the next generation in-car entertainment experience. This marks the first time Dolby Atmos has been inte...

News  Updated at: 2025/11/06

Umicore, Belgium, and HS Hyosung, Korea, partner to industrialize silicon-anode materials for EV batteries On November 3, Umicore announced a strategic partnership agreement with HS Hyosung Advanced Materials to advance and fund the industrialization, commercialization, and further development of its silicon-carbon composite anode materials for electric vehicle (EV) lithium-ion batteries. Umicore’s flagship center for anode technology in Olen, ...

News  Updated at: 2025/11/04

Li Auto establishes battery subsidiary On October 30, Shandong Li Auto Battery Co., Ltd., a joint venture between Beijing Li Auto Co., Ltd. (Li Auto) and Sunwoda Mobility Energy Technology Co., Ltd., established a wholly-owned subsidiary named Zhejiang Li Auto Battery Co., Ltd., with a registered capital of CNY 70 million. The new company’s business scope covers manufacturing and sales of batteries, operation of EV charging infrastructure, and ...

News  Updated at: 2025/11/04

la (TSLA) with more than KRW 3 trillion (USD 2.1 billion) worth of ESS (Energy Storage System) batteries over three years. As Tesla scales its Megapack and Megablock energy business, Samsung SDI would supply the cells. Production of the batteries would reportedly take place at Samsung SDI’s joint venture StarPlus Energy plant with Stellantis in Kokomo, Indiana, which is currently under construction. Samsung SDI recently announced plans to use p...

News  Updated at: 2025/11/04

NextStar Energy reported to initially begin with ESS battery output at Windsor plant, Canada On November 3, it was reported that NextStar Energy, a joint venture between Stellantis and LG Energy Solution, says it will produce energy storage system (ESS) batteries at its new plant in Windsor, Ontario when production starts in coming weeks, rather than batteries for electric vehicles (EVs) as originally planned. “Initially, we planned to start pr...

News  Updated at: 2025/11/04

GM-Samsung battery plant construction slows down in New Carlisle, Indiana On October 31, multiple sources reported that General Motors and Samsung SDI have pulled back on construction of its EV battery joint venture plant near New Carlisle, Indiana, with a number of workers on the site laid off earlier in October. Contractor Barton Malow confirmed the recent layoffs at the USD 3.5 billion project but declined to provide specifics. GM spokesperso...

News  Updated at: 2025/11/04