Canatu, Finland, announces updated strategy and long-term financial targets On March 26, Canatu Plc’s Board of Directors approved its updated strategy and long-term financial targets, which extend until the end of 2030. Canatu has set long-term targets for 2030 of EUR 100–150 million in revenue and a 25–30% EBIT margin.  In Automotive, Canatu will focus on the full-windshield market and ADAS camera heaters through its carbon nanotubes (CNT...

News  Updated at: 2026/03/27

Carbon Revolution, Australia, starts voluntary administration On March 25, Carbon Revolution plc announced that its wholly owned Australian subsidiaries have decided to initiate a planned Voluntary Administration in Australia. Such Australian subsidiaries include Carbon Revolution Pty. Ltd. and Carbon Revolution Operations Pty Ltd. Carbon Revolution plc is a Tier 1 OEM supplier and the leading global manufacturer of lightweight, advanced technolo...

News  Updated at: 2026/03/26

Runner Auto, Bangladesh signs supply & manufacturing deal with BYD, China On March 24, Runner Automobiles PLC, a pioneer motorcycle manufacturer and exporter, announced that its Board of Directors approved the signing of a master supply and manufacture agreement with BYD Auto Industry Company Limited. The agreement marks the supplying and manufacturing vehicles of China’s leading electric car manufacturer in Bangladesh. This agreement marks a ...

News  Updated at: 2026/03/24

Ashok Leyland, India to invest up to INR 3.75 billion in UK arm Optare On March 20, Ashok Leyland has approved an equity investment of up to GBP 30 million (around INR 3.75 billion) in its UK-based subsidiary Optare Plc, to be infused in one or more tranches by March 31, 2026. Optare, which manufactures and sells buses and commercial vehicles and is the holding company for the group’s electric vehicle initiatives Switch Mobility Limited (UK) an...

News  Updated at: 2026/03/23

CATL, Rio Tinto to jointly explore new opportunities for low-carbon transition Contemporary Amperex Technology Co., Ltd. (CATL) signed a memorandum of understanding with Rio Tinto plc (Rio Tinto) for in-depth cooperation on development and innovation of electrification strategies, supply chains and the circular economy, and commercial and cooperative mechanisms to seize new industry opportunities for a low-carbon transition. Under the memorandum,...

News  Updated at: 2026/03/12

Aptiv’s Board of Directors approves spin-off of Versigent Aptiv PLC’s Board of Directors has approved the spin-off of its Electrical Distribution Systems business into a new publicly traded company, Versigent. Aptiv shareholders will receive one Versigent ordinary share for every three Aptiv shares held as of the record date on March 17, 2026. Versigent shares are expected to begin “when-issued” trading on the New York Stock Exchange unde...

News  Updated at: 2026/03/06

Aptiv, Wind River show V2X network solution for sensor sharing at MWC Barcelona On March 2, Aptiv PLC and Wind River, an Aptiv company and global leader in software for the intelligent edge, announced they are unveiling a proof-of-concept showcasing a mobile-network Vehicle-to-Everything (V2X) solution for sharing of sensor data between vehicles at MWC Barcelona. The V2X solution aims to support advanced safety and automation features leveraging ...

News  Updated at: 2026/03/03

Jeti Industries signs preliminary deal with Valmet Automotive to produce modular EV buses in Finland On February 10, Valmet Automotive Plc and Jeti Industries Ltd signed a preliminary agreement to begin serial production of modular electric buses at Valmet Automotive’s plant in Uusikaupunki, Finland. The deal, if finalized, would mark the first production of electric buses under a contract manufacturing model. Jeti Industries has developed a ra...

News  Updated at: 2026/02/10

Tata Motors Passenger Vehicles, India starts production of JLR Range Rover Evoque at new Tamil Nadu plant On February 9, 2026, Tata Motors Passenger Vehicles Ltd. (TMPV) and its subsidiary Jaguar Land Rover Automotive Plc. (JLR) commenced operations at their new manufacturing facility at Panapakkam in Ranipet district, Tamil Nadu. The plant is the first phase of a greenfield project to produce next‑generation vehicles, including electric vehicl...

News  Updated at: 2026/02/09

Dauch Corporation completes acquisition of Dowlais Group On February 3, Dauch Corporation announced it has completed its previously announced acquisition of Dowlais Group plc and its two subsidiaries, GKN Automotive and GKN Powder Metallurgy. With the completion of the transaction, trading in Dowlais shares was suspended on February 3, and will be delisted from the London Stock Exchange effective as of February 4. The combined company will operat...

News  Updated at: 2026/02/04

r non-technical students and practice-based workforce training for the EV industry, strengthening future-ready human capital through public-private-university collaboration. For the EV workforce development, MHESI partnered with 12 organizations, including Energy Absolute, ZEUS EV (Thailand), ASEFA PLC, Nissan Motor (Thailand), MG Sales (Thailand), King Mongkut’s University of Technology Thonburi, King Mongkut’s Institute of Technology Ladkra...

News  Updated at: 2026/02/02

Aptiv unveils Versigent as name of new independent Electrical Distribution Systems company Aptiv PLC announced that its Electrical Distribution Systems (EDS) business will be named Versigent following its tax-free spin to shareholders, expected to be completed on April 1, 2026. The new independent company will trade under the ticker symbol “VGNT” on the New York Stock Exchange. Versigent will be a global provider of signal, power, and data di...

News  Updated at: 2026/01/28

gent industrial control software platform as the digital foundation to develop a closed-loop process spanning electrical design, virtual debugging, and physical verification. Construction involves a range of total solutions, including industrial control software platforms, master control and secure PLC control systems, welding robots, servo systems, frequency converters, and sensors. Built for the in-house R&D, joint development, and stability ve...

News  Updated at: 2026/01/26

AAM cleared for combination with Dowlais Group by February 3 On January 16, U.S.-based American Axle & Manufacturing Holdings Inc and UK-based Dowlais Group PLC announced that the China State Administration for Market Regulation has issued a formal notice approving the Combination. As a result, AAM and Dowlais can confirm that all conditions relating to the receipt of regulatory or antitrust approvals have now been satisfied. In January 2024, Dow...

News  Updated at: 2026/01/21

Adient to close seat cover factory in Ploiesti, Romania, by mid-2027 Multiple local media sources reported that Adient plc (Adient) plans to close its seat cover factory in Ploiesti, Romania, by mid-2027, affecting over 1,000 employees. The decision reflects uncertainty surrounding the pace of the transition to e-mobility, weaker consumer demand, declining market volumes, and intensifying competition. (From multiple sources on January 13, 2026)...

News  Updated at: 2026/01/14

CES 2026: Aptiv to present intelligent edge solutions for automotive and beyond Aptiv PLC announced that it will present its intelligent edge solutions for passenger cars, commercial vehicles, and beyond at CES 2026. The company will showcase its next-generation end-to-end AI-powered ADAS platform, which supports hands-free (L2++) autonomy across both highway and urban environments. The platform includes Aptiv’s Gen 8 radars, advanced Machine L...

News  Updated at: 2026/01/07

Aptiv secures Indian commercial vehicle OEM Deal for Gen 6 ADAS platform On January 6, 2026, Aptiv PLC announced that a commercial vehicle OEM has selected its Gen 6 Advanced Driver Assistance System (ADAS) platform for trucks and buses in India. The platform will scale across 14 models and more than 30 variants. This marks Aptiv's first collaboration with an Indian commercial vehicle OEM on ADAS. The Gen 6 ADAS platform uses a uni-voltage archit...

News  Updated at: 2026/01/06

Canatu, Finland, and DENSO partner to develop large-scale CNT chamber On January 2, Canatu Plc signed a 17-month Joint Development Agreement (JDA) with DENSO Corporation to develop advanced manufacturing equipment for producing larger-area carbon nanotube (CNT) films for automotive applications. Scaling the CNT film size is critical for enabling future applications, such as full windshield heaters. Under the JDA, the companies will build a large-...

News  Updated at: 2026/01/05

Qualcomm finalizes USD 2.4 billion acquisition of Alphawave Semi On December 18, Qualcomm Inc. announced that it has completed its acquisition of British semiconductor firm Alphawave IP Group plc, approximately one quarter ahead of schedule, for an implied enterprise value of around USD 2.4 billion. The acquisition of Alphawave Semi aims to further accelerate and provide key assets for Qualcomm’s expansion into the data center industry. The d...

News  Updated at: 2025/12/23

Johnson Matthey opens hydrogen internal combustion engine testing facility in Gothenburg, Sweden Johnson Matthey Plc. (Johnson Matthey) has officially opened its first hydrogen internal combustion engine (H2ICE) testing facility at its site in Gothenburg, Sweden, representing a GBP 2.5 million investment over three years. The new facility will test emission control systems, expanding the company’s heavy-duty vehicle testing capabilities. Equipp...

News  Updated at: 2025/12/19