Aptiv receives Global Supplier Innovation Award from Nissan Aptiv PLC announced that its side radar technology had received the Global Supplier Innovation Award from Nissan. The side radar technology is used to support Nissan’s PrioPILOT advanced driver assistance system available in the Nissan Murano. Aptiv’s side radar technology is also a key element of the company’s sixth-generation ADAS (Gen 6 ADAS) platform. The side radar utilizes ar...

News  Updated at: 2025/06/21

Thai commercial EV firm Nex Point targets profitability in 2025 after restructuring On June 9, Nex Point, a Thai commercial EV assembler under Energy Absolute Plc (EA), announced that it expects to return to profitability in 2025, driven by recent fundraising and the planned delivery of approximately 500 electric commercial vehicles. In 2024, the company posted a net loss of THB 2,765.60 million, attributed to delivery delays and ongoing restruct...

News  Updated at: 2025/06/10

Thai PJW stays resilient amid headwinds, auto sector drives growth Reported on May 30, 2025, Thailand’s SET-listed Panjawattana Plastics Plc (PJW) anticipates its 2025 performance will align with that of 2023, driven by stable demand for its core products, especially in the automotive sector, and emerging business opportunities. Despite sluggish economic conditions and delayed government spending in 2024, PJW managed to maintain a solid financi...

News  Updated at: 2025/06/05

Ashok Leyland, India increases stakes in Switch Mobility Limited, UK On June 3, Ashok Leyland announced that its subsidiary Optare Plc. UK has entered into a Share Purchase Agreement with Dana Ltd., for the purchase of their 1.01% stake in Switch Mobility Limited, UK (SML UK). Post this acquisition, Optare Plc’s shareholding in SML UK would increase from 98.56% to 99.57%, and consequently, Optare Plc. UK, along with Hinduja Automotive Limited, ...

News  Updated at: 2025/06/04

Thai NEX Point restructures capital to strengthen EV business Announced on May 23, 2025, Thailand SET-listed NEX Point PLC has become a subsidiary of Energy Absolute PLC (EA) after EA’s subsidiary, EA Mobility Holding Co., Ltd., increased its stake to 49.99% as of February 17. This move is expected to strengthen NEX Point’s competitiveness in the commercial electric vehicle market. In April 2025, NEX Point further restructured its capital by ...

News  Updated at: 2025/05/27

ocal manufacturing to support local customers," Thomas said. Bosch highlighted USD 2 billion in capital expenditures over the past five years in the U.S., more than 75% of its investments in the region.  The company expects to close its USD 8.1 billion acquisition of Johnson Controls International plc's residential and light commercial heating, ventilation and air-conditioning business in 2025. Bosch also plans to launch production of second-gen...

News  Updated at: 2025/05/21

Falcon, UAE partners with Shanshan, China for anode production facility in Morocco On April 15, Falcon Energy Materials plc and Shanghai Shanshan New Material Co., LTD signed a term sheet for a strategic partnership to develop the customer base for Falcon’s coated spherical purified graphite (CSPG) anode production facility in Morocco.  Hensen Graphite & Carbon Corporation will provide technical support to develop the Anode Plant. Hensen and F...

News  Updated at: 2025/04/16

Canatu, Finland partners with DENSO to improve carbon nanotube performance Canatu Plc signed a one-year joint development agreement (JDA) with DENSO Corporation to improve the performance of Canatu carbon nanotubes (Canatu CNTs). DENSO is one of Canatu’s largest shareholders. This JDA builds on the MoU signed by Canatu and DENSO last year for enhancing CNT performance, developing advanced reactors, and enabling practical applications like ADAS ...

News  Updated at: 2025/04/16

ABC Technologies, US completes acquisition of TI Fluid Systems, combined business rebranded as TI Automotive On April 15, ABC Technologies (ABC) announced the completion of its acquisition of TI Fluid Systems plc (TIFS) for an enterprise value of over GBP 1.8 billion. The combined business will be rebranded as TI Automotive. The business is ideally positioned to support a diverse range of customers with its propulsion agnostic portfolio.  It wil...

News  Updated at: 2025/04/15

IQE, UK and X-FAB, Germany sign joint development agreement for GaN Power On April 10, IQE plc, and X-FAB Silicon Foundries SE, announced a Joint Development Agreement (JDA) to create a European-based GaN Power device platform solution. With an initial two-year scope of work, IQE and X-FAB will collaborate to develop a 650V GaN device.  The agreement will leverage IQE’s GaN epitaxy design and process expertise along with X-FAB’s proven techn...

News  Updated at: 2025/04/11

TE Connectivity cuts Scope 1 and 2 GHG emissions by 80%, exceeding targets TE Connectivity plc. (TE Connectivity) has reduced Scope 1 and 2 greenhouse gas (GHG) emissions by 80% between September 2020 and October 2024, exceeding its goal of a 70% reduction. In 2024, the company reduced its Scope 1 and 2 emissions by 30% YoY. Other progresses in 2024 include (i) 87% renewable electricity use globally, surpassing its goal of 80% by 2025, and (ii) 1...

News  Updated at: 2025/04/10

Canatu receives funding from Business Finland to launch its Carbon Age program On March 26, Canatu Plc received a positive funding decision from Business Finland, granting it a maximum of EUR 10 million of funding to launch its Carbon Age program. The program aims to drive the development of semiconductor technologies enabled by carbon nanotubes (CNTs) and build a dedicated industry ecosystem. The five-year program, with over 40 targeted partners...

News  Updated at: 2025/04/03

Thai Energy Absolute considers business restructuring plan for EV division Reported on March 31, 2025, Energy Absolute Plc (EA), an SET-listed renewable energy company and EV manufacturer, revealed that it is developing a restructuring plan for its EV business amid the slow domestic auto market. The plan is expected to enable EA to achieve long-term growth. EA highlighted the importance of key collaborations with global EV companies in order to b...

News  Updated at: 2025/04/01

Audi Böllinger Höfe plant upgrades production with virtual PLC technology On March 27, Audi announced that it is using Siemens' virtual programmable logic controller (PLC) on the Edge Cloud 4 Production (EC4P) platform at its Böllinger Höfe plant in Germany. The TÜV-certified system enhances security and replaces traditional hardware-based PLCs. The EC4P with Siemens' virtual PLCs is used for a Lamborghini model built at Audi Sport's facilit...

News  Updated at: 2025/03/27

TI Fluid Systems to close Ligonier plant by H1/2025 TI Fluid Systems plc. (TI Fluid Systems) announced the closure of its Ligonier manufacturing site in Indiana, U.S., expected by H1/2025. This was due to the decline in the local Powertrain business, which was acquired through the purchase of Millennium Industries Corporation in 2016. (From a press release dated March 11, 2025)...

News  Updated at: 2025/03/12

OXLiD, UK completes Faraday Battery Challenge project for battery technologies On March 6, Gelion plc announced that OXLiD has completed the Faraday Battery Challenge (FBC) project, marking significant progress with several achievements. The Faraday Battery Challenge aims to unite world-leading research, business innovation, and manufacturing to accelerate the development of next-generation battery technologies.  It includes enhancements to the ...

News  Updated at: 2025/03/11

EU approves ABC Technologies’ acquisition of TI Fluid Systems The European Commission has approved the acquisition of TI Fluid Systems plc. of the UK by ABC Technologies Inc. of Canada, under the EU Merger Regulation. The transaction, which mainly relates to the sale of automotive parts and components, was examined under the simplified merger review procedure. The Commission concluded that the transaction would not raise competition concerns du...

News  Updated at: 2025/03/06

Ashok Leyland, India to invest INR 5 billion in Switch Mobility's Optare to expand EV business In an investor update, Ashok Leyland announced that its Board has approved an additional investment of INR 5 billion in Optare PLC, the holding company of its electric mobility subsidiary, Switch Mobility, in Q4 FY 2025. Additionally, the company will inject INR 2 billion into Hinduja Finance to support capital adequacy requirements. Switch Mobility’s...

News  Updated at: 2025/02/24

Johnson Matthey and Bosch partner on hydrogen technology development Johnson Matthey Plc. (Johnson Matthey) and Robert Bosch GmbH (Bosch) have agreed long-term collaboration on the development of zero-emission hydrogen technology. Both companies will develop and produce catalyst-coated membranes (CCM) for use in fuel cell stacks, aiming to enhance fuel cell performance and efficiency. This supports the transformation and decarbonization of the au...

News  Updated at: 2025/02/07

0,000 sockets, up from the 9,000 already built at the end of 2024. The fundraising sees the National Wealth Fund (NWF) commit a GBP 55 million ordinary equity investment alongside a further GBP 10 million ordinary equity investment from Aviva Investors, the global asset management business of Aviva plc. Based on Connected Kerb press release ...

News  Updated at: 2025/01/31