nvestment in U.S.-based ReElement Technologies Corporation (ReElement) and signed a memorandum of understanding to collaborate on recycling rare earths and rare metals in both Japan and the U.S. ReElement engages in recycling critical mineral resources such as rare earths. Mitsubishi Materials will acquire preferred shares of ReElement. ReElement possesses proprietary chromatography‑based technology used in separation and purification processes...

News  Updated at: 2026/04/03

Kiira Motors, Uganda, to supply electric buses to South Africa On March 30, multiple sources reported that Golden Arrow Bus Services signed a USD 150 million deal to acquire 450 electric buses from Kiira Motors Corporation in Uganda. The Kayoola E-Coaches are designed, built, and assembled at Kiira Vehicle Plant in Jinja. The deal also includes charging infrastructure. Based on multiple sources...

News  Updated at: 2026/04/01

Linamar to acquire two plants from Winning BLW in Germany On March 27, Canada’s Linamar Corp. announced that it has entered into a definitive agreement to acquire Winning BLW’s plants in Remscheid and Penzberg, Germany. The Remscheid facility is a leader in mass production of high-performance precision bevel and intermediate gears for the light vehicle market, while the Penzberg facility specializes in helical gears and high-precision compone...

News  Updated at: 2026/03/28

FANUC to invest USD 90 million to build new robotics factory in Michigan On March 24, FANUC America announced plans for a USD 90 million investment to acquire property and construct a new 840,000-square-foot facility in Pontiac, Michigan. Targeted for completion in late 2027, the project is expected to add 225 jobs and expand FANUC America’s engineering capacity and advanced manufacturing capabilities to support growing demand for automation so...

News  Updated at: 2026/03/26

Tesla reported in talks for USD 2.9 billion of solar manufacturing equipment from China Tesla Inc. is reportedly in discussions with several Chinese companies to acquire solar manufacturing equipment worth USD 2.9 billion, according to Reuters. Suzhou Maxwell Technologies, a leading maker of screen-printing equipment for solar cell manufacturing, is a top contender for the project and is reportedly seeking export approval from China's commerce mi...

News  Updated at: 2026/03/25

Uzbekistan to acquire 250 electric buses On March 18, the Government of Uzbekistan announced that 100 modern electric buses were delivered to the city of Samarkand. These Yutong electric buses have 30 seats and a total capacity of 75 passengers.  The second phase of the project involves the purchase of another 250 electric buses. It will attract USD 120 million from the European Bank for Reconstruction and Development. As a result, fuel consumpt...

News  Updated at: 2026/03/24

Toyota considers production of e-Palette EV at Hamura Plant Toyota Motor Corporation (Toyota) is considering producing the “e-Palette,” an electric vehicle (EV) designed for mobility services, at the Hamura Plant (Hamura City, Tokyo), which it is set to acquire from Hino Motors, Ltd. Currently, small-scale production is underway at the company’s headquarters plant in Toyota, Aichi Prefecture, but full-scale manufacturing is expected to star...

News  Updated at: 2026/03/24

Motherson, India completes 100% acquisition of Yutaka Autoparts India On March 16, 2026, Samvardhana Motherson International Limited completed the share purchase agreement to acquire 100% of Yutaka Autoparts India Private Limited (YAIPL), after fulfilling all conditions precedent. Following this closing, YAIPL has become a wholly owned subsidiary of the company, marking a key step in the wider transaction under which Motherson, via Motherson Glo...

News  Updated at: 2026/03/17

Lyten, USA signs agreement to acquire Revolt battery recycling facility in Sweden On March 13, Lyten announced that it has entered into a binding agreement to acquire Revolt, the former Northvolt recycling site in Skelleftea, Sweden, including licenses to key technology, following the closing of its acquisition of Northvolt Ett and Northvolt Labs on February 27, 2026. The financial terms of the agreement were not disclosed. Revolt is one of the l...

News  Updated at: 2026/03/16

India's Mothersun finalizes acquisition of Yutaka Giken, acquiring 80% of shares The Samvardhana Motherson Group (Motherson), a major Indian parts manufacturer, announced on March 11 that it had completed a tender offer (TOB) to acquire Yutaka Giken Co., Ltd. (Yutaka Giken), a Japanese parts manufacturer whose primary client is Honda Motor Co., Ltd. (Honda). Yutaka Giken's shares are scheduled to be delisted. Honda currently holds a 69.7% stake i...

News  Updated at: 2026/03/12

ergy Solution and  Stellantis N.V. It began module production in 2024 and full-scale mass production of electrodes and cells in November 2025. Since the start of mass production, the plant has produced over 1 million battery cells. However, in February 2026, LG Energy Solutions announced a plan to acquire 100% of NextStar Energy's shares as of June 30, 2026, and to operate the plant solely. (From a press release on March 6, 2026)...

News  Updated at: 2026/03/12

rstanding (MoUs) with Indonesian transportation providers PT Satu Kosong Tujuh and PT Sembilan Benua Abadi for the planned supply of 20,000 electric vehicles by 2028. Under the agreements, PT Sembilan Benua Abadi plans to purchase 10,000 EVs by the end of 2027, while PT Satu Kosong Tujuh intends to acquire 10,000 units by 2028. The vehicles will include the Nerio Green (C-SUV) and Limo Green (7-seat MPV), both developed under VinFast’s Green li...

News  Updated at: 2026/03/09

Suzuki to acquire all-solid-state-lithium-ion battery business from Kanadevia On March 4, Suzuki Motor Corporation announced that the company has entered into a business transfer agreement with Kanadevia Corporation (formerly known as Hitachi Zosen Corporation) to acquire Kanadevia’s all-solid-state lithium-ion battery business, effective July 1, 2026. Kanadevia began the development of all-solid-state lithium-ion batteries in 2006. Through its...

News  Updated at: 2026/03/04

Toyota Group raises tender offer price for shares of Toyota Industries to JPY 20,600 Regarding a takeover bid (TOB) launched by Toyota Group companies including Toyota Motor Corporation and Toyota Fudosan Co., Ltd. on January 15 to acquire the shares of Toyota Industries Corporation (Toyota Industries), Toyota Asset Preparation Co., Ltd. (Chiyoda Ward, Tokyo), the tender offeror, announced on March 2 that it will raise its tender offer price from...

News  Updated at: 2026/03/03

Ltd. (Hino) and Mitsubishi Fuso Truck and Bus Corporation (MFTBC) by Toyota Motor Corporation (Toyota) and Daimler Truck AG (Daimler Truck). The holding company ARCHION, which will be launched in April 2026, will make Hino and MFTBC wholly-owned subsidiaries, and Toyota and Daimler Truck will each acquire a 25% stake in the holding company. JFTC has deliberated on a series of matters related to business integration, and announced that it will no...

News  Updated at: 2026/02/27

Renault Group to acquire full ownership of Flexis from Volvo and CMA CGM On February 23, Flexis announced that its three founding shareholders i.e., Renault Group, Volvo Group, and CMA CGM Group have agreed that Renault Group will take full ownership of the company. Renault Group will buy the 45% stake from Volvo Group and the 10% stake from CMA CGM Group. This will allow Renault to fully lead the development and production of the next generation...

News  Updated at: 2026/02/23

ions and will integrate the support functions of the three group companies under Mitsubishi Electric US to standardize processes and systems, becoming Centers of Excellence (CoEs) that centralize expertise, resources and best practices. Regarding the automotive business, Mitsubishi Electric US will acquire the assets of the Mason facility of Mitsubishi Electric Automotive America. After the transaction, the Mason facility will also function as a ...

News  Updated at: 2026/02/20

facturing lighting devices in India in the second half of 2026. The company will establish a joint venture (JV) for the production of automotive lighting devices with Tata AutoComp Systems Ltd. (TACO), a subsidiary of India-based Tata Group, in June or later. To enter the Indian market, the JV will acquire the lighting device business of Valeo India Pvt. Ltd. (Valeo India), an Indian subsidiary of Valeo S.A. (which is also Ichikoh Industries’ p...

News  Updated at: 2026/02/18

Blue Bird acquires Girardin stake in Micro Bird joint venture On February 17, Blue Bird Corporation, a leader in electric and low-emission school buses, announced it has signed an agreement to acquire Girardin Group’s stake in the 50/50 Micro Bird joint venture, for approximately USD 200 million, taking full ownership of the enterprise.  The transaction is expected to close in the first half of 2026, pending fulfillment of various closing cond...

News  Updated at: 2026/02/18

s one-millionth battery cell at the company’s CAD 5 billion manufacturing plant in Windsor, Canada, marking the company’s rapid growth. Now having 1,300 employees, the NextStar Energy plant began commercial cell production in November 2025. It was recently announced that LG Energy Solution will acquire full ownership of NextStar Energy, with Stellantis remaining a committed customer. Under the new ownership structure, NextStar Energy will lev...

News  Updated at: 2026/02/14