Mitsui High-tec revises downward financial targets of medium-term management plan Mitsui High-tec, Inc. (Mitsui High-tec) has revised downward the financial targets of its medium-term management plan. Due to the slowdown in the electric vehicle (EV) market, automakers—Mitsui High-tec’s clients—are revising their EV launch plans, resulting in lower-than-expected sales volumes for motor cores and automotive semiconductors. Regarding the autom...

News  Updated at: 2026/03/16

JFE Steel enables high-precision evaluation of LME cracks during welding On February 25, JFE Steel Corporation (JFE Steel) announced that it has jointly developed a technology with JFE Techno-Research Corporation (JFE-TEC) to evaluate the susceptibility to liquid metal embrittlement (LME) cracks in resistance spot welds of hot-dip galvanized steel sheets. This technology will help to improve reliability in the design of welds and the selection of...

News  Updated at: 2026/02/26

Zonda Tec introduces Chery vehicles in Ghana, start local assembly in June On February 12, multiple sources reported that Zonda Tec Ghana introduced Chery vehicles in Ghana. It has introduced five vehicles: Chery Tiggo 2, Tiggo 7, and Tiggo 9 SUVs, as well as the fully electric ICAR 03 and ICAR V23. CHERY vehicles will be locally assembled at Zonda Tec’s state-of-the-art plant in Tema from June. Based on multiple sources...

News  Updated at: 2026/02/13

IBU-tec, Germany, develops industrial-scale dry coating for battery cells On February 4, IBU-tec advanced materials AG presented progress in dry coating within the framework of battery cell production using IBUvolt LFP400. In the “ProLiT” project, led by the Institute for Particle Technology (iPAT) at TU Braunschweig and conducted together with renowned partners, a scalable process for the dry coating of battery electrodes on a large industri...

News  Updated at: 2026/02/09

On-site Flash News: Automotive World 2026 opens ・ On January 21, 2026, the 18th Automotive World - Advanced Automotive Technology Show, organized by RX Japan Co., Ltd., opened at Tokyo Big Sight. The Show will run for three days, from January 21 to 23. In addition to Automotive World, NEPCON Japan, Smart Logistics EXPO, and Factory Innovation Week 2026 are being held concurrently at Tokyo Big Sight. There are 1,850 companies exhibiting and the ...

News  Updated at: 2026/01/22

Tata Technologies, India completes acquisition of Germany’s ES Tec Group On November 27, 2025, Tata Technologies completed the acquisition of 100% of ES‑Tec GmbH and its subsidiaries through its wholly owned Singapore subsidiary, Tata Technologies Pte. Limited, making ES‑Tec a subsidiary of the group. The deal, first announced on September 13, 2025, is valued at EUR 75 million with performance‑linked payouts and closed earlier than the in...

News  Updated at: 2025/11/28

Zonda Tec launches Tank 700 in Ghana On November 18, multiple sources reported that Zonda Tec Ghana Limited has introduced the Tank 700 SUV in Ghana. It is a Plug-in Hybrid Electric Vehicle (PHEV). Zonda Tec Ghana Limited is a Ghana-based automobile company that specializes in the sale and distribution of heavy and light-duty vehicles. Zonda Tec also launched the Souo motorcycle in Ghana. Based on multiple sources...

News  Updated at: 2025/11/20

Optrontec begins supplying camera lens units for autonomous driving cars to North American automaker Several South Korean media sources reported that South Korea’s Optron Tec Inc. began supplying camera lens units for autonomous driving vehicles to a North American automaker. This marks a full-scale entry into the automotive optical products market. These camera lens units feature high resolution and wide-angle capabilities, designed to provide...

News  Updated at: 2025/11/11

BYD makes alliance with Nuevo Leon state in Mexico to launch BYD Electric Taxi Program On October 16, it was reported that BYD México, Grupo Tec, and One Car Now (OCN) launched the BYD Electric Taxi Program in Nuevo León. The initiative involves an initial investment of USD 50 million and the incorporation of 3,000 BYD Dolphin Mini units into the regional fleet. According to BYD México’s General Director Jorge Vallejo, the program aims to ma...

News  Updated at: 2025/10/18

IBU-tec partners with PowerCo to produce LFP cathode materials in Germany from 2026 On October 6, IBU-tec advanced materials AG signed an agreement with PowerCo SE to produce LFP cathode materials for automotive batteries at its Weimar plant in Germany, starting in 2026. By 2028, IBU-tec aims to fully use its current production capacity of over 3,000 tons per year for LFP materials. The contract with PowerCo is valued in the mid-double-digit mill...

News  Updated at: 2025/10/15

Vector’s vCharM powers new fast-charging hub at Zuffenhausen train station in Germany Vector Informatik GmbH (Vector) has provided its vCharM charging and energy management software for Stuttgart’s newest fast-charging hub at Zuffenhausen train station in Germany. This project was carried out in partnership with Stadtwerke Stuttgart GmbH, municipal energy supplier, and ADS-TEC Energy PLC (ADSE), a leader in battery-based storage and ultra-fas...

News  Updated at: 2025/10/15

Mitsui High-tec to keep high levels of investment in EV motor core business Mitsui High-tec, Inc. (Mitsui High-tec) will continue high levels of investment in its motor core-related business for electric vehicle (EV) drive motors. The motor core business has been going according to the company’s plan in the first half of the fiscal year that started in February (H1 FY2025). On the other hand, Mitsui High-tec revised its FY2025 operating income ...

News  Updated at: 2025/09/18

Tata Technologies, India to acquire German engineering firm ES-Tec Group On September 13, 2025, Tata Technologies Limited signed a definitive agreement, via its wholly owned Singapore subsidiary, to acquire 100% equity in ES-Tec GmbH and its subsidiaries (ES-Tec Group). The deal, valued at up to EUR 75 million including earn-outs, is expected to close by December 31, 2025. ES-Tec Group is a provider of high-end automotive engineering services, wi...

News  Updated at: 2025/09/15

IBU-tec signs EUR 6 million deal with PowerCo SE to advance LFP pCAM production On July 18, IBU-tec Advanced Materials AG announced it has signed a EUR 6 million deal with PowerCo SE. As part of the deal, IBU-tec will develop an industrialization plan for producing LFP precursor (pCAM) using spray drying technology for automotive use, with a focus on cutting both CAPEX and OPEX. Both companies are continuing joint development projects to move to...

News  Updated at: 2025/07/21

SK Tec inaugurates expansion in Mexico On July 9, it was reported that Japan-based auto parts manufacturer SK Tec inaugurated the expansion of its plant in Irapuato, Mexico, following an investment of USD 19.8 million. The expansion strengthens the company’s role as a Tier 2 supplier in the Mexican automotive value chain and is expected to generate 80 specialized jobs. SK Tec employs 200 workers and focuses on stamping, welding, assembly, and p...

News  Updated at: 2025/07/11

Samvardhana Motherson, India to acquire remaining 25% stake in Turkish JVs for EUR 3.2 million On June 19, Samvardhana Motherson International Limited (SAMIL) announced that its board of directors has approved the acquisition of the remaining 25% stake in two Turkey-based entities — SMR Plast Met Molds and Tools Turkey Kalip Imalat Anonim Şirketi and SMR Plast Met Automotive Tec Turkey Plastik Imalat Anonim Şirketi — by SMR Automotive Mirro...

News  Updated at: 2025/06/23

ADS-TEC Energy joins Alabama Mobility and Power Consortium On June 3, ADS-TEC Energy, a German-based leader in battery-based energy storage and fast-charging systems, announced it has joined the Alabama Mobility and Power (AMP) Consortium.  The organization was founded through a partnership between The University of Alabama, Alabama Power, and Mercedes-Benz U.S. International to create a premier R&D institute for EV and mobility innovation. Merc...

News  Updated at: 2025/06/04

SK TEC to invest USD 19.8 million for expansion in Mexico On May 8, it was reported that Japanese auto parts supplier SK TEC will invest USD 19.8 million for the expansion of its facility in Irapuato, Guanajuato, creating 80 direct jobs. SK TEC specializes in high precision stamped and assembled metal components for the automotive industry. The Irapuato plant, located in the Castro del Río Industrial Park, was originally inaugurated in 2013 with...

News  Updated at: 2025/05/10

ADS-TEC Energy, Germany raises USD 50 million to expand EV charging business On May 1, ADS-TEC Energy secured up to USD 50 million in growth capital from institutional investors to support its expansion in Europe and North America. With the new capital, ADS-TEC Energy plans to evolve its business model to include full project delivery, covering financing, installation, commissioning, and long-term operation of charging assets, energy optimization...

News  Updated at: 2025/05/05

Wanhua Chemical, China and IBU-tec, Germany sign R&D agreement to boost LFP production in Europe On April 1, Wanhua Chemical Group Battery Technology Co., Ltd and IBU-tec signed Joint Research and Development Agreement (JDA) in Weimar, Germany.  As part of the partnership, IBU-tec and Wanhua Chemical will scale up production in the coming months. They expect reliable results by the third quarter of 2025 to determine if their joint development me...

News  Updated at: 2025/04/01