Jameel Motors and GAC form joint venture to launch electric vehicles in UK On July 16, Jameel Motors signed a joint venture agreement with Chinese automaker GAC to distribute GAC’s electric vehicles (EVs) in the United Kingdom. GAC is known globally for its focus on safety, quality, innovation, and sustainability. The new joint venture will be one of the first in the UK with a Chinese automaker. It will be set up after getting the necessary re...

News  Updated at: 2025/07/16

s discontinued in January 2024. It will sell off all shares of its wholly-owned Bridgestone (Shenyang) Tire Co., Ltd. in Shenyang, Liaoning Province to Sailun (Shenyang) Tire Co., Ltd. through its local subsidiary. The sale price is CNY 265 million (JPY 5.4 billion). The two parties entered into an agreement on the same day, with transfer of the shares scheduled for July 31. The impact of the sales on Bridgestone's consolidated financial results ...

News  Updated at: 2025/07/16

Livista Energy and Tianqi Lithium, China partner to localize European battery materials supply chain On July 9, Livista Energy Europe and Tianqi Lithium Corporation signed a cooperation agreement to localize the European battery materials supply chain in Livista's advanced Lithium Refinery in Le Havre, France. The cooperation considers developing binding agreements for the supply of spodumene from Tianqi's diversified raw material production. It ...

News  Updated at: 2025/07/15

Pricol Limited, India signs technology licensing deal with Italy’s Domino for two-wheeler components On July 15, Pricol Limited signed of a technology license agreement with Domino S.r.l, Italy, on July 14, 2025. Under the agreement, Pricol is licensed to manufacture, distribute, and sell switches, throttles, and allied products for use as original equipment in two-wheelers, as per customer requirements. The agreement covers OEMs in the Indian ...

News  Updated at: 2025/07/15

Geely Auto and Zeekr signs merger agreement to strengthen global competitiveness On July 15, Geely Holding Group announced that its subsidiaries, Geely Automobile Holdings Limited (Geely Auto) and Zeekr Intelligent Technology Co., Ltd. (Zeekr), have entered into a merger agreement. As per the agreement, Geely Auto will acquire all remaining outstanding shares of Zeekr that it does not already own. Zeekr shareholders will have the option to recei...

News  Updated at: 2025/07/15

Brembo chooses EGA’s CelestiAL solar-powered aluminum for brake calipers Brembo S.p.A. (Brembo) has signed an agreement with Emirates Global Aluminium (EGA) to source CelestiAL solar aluminum, produced using solar power, for its brake calipers. The agreement allows Brembo to reduce emissions by nearly 50% for the same volume of aluminum, further reinforcing its ongoing commitment to sustainability across its operations. (From a press release da...

News  Updated at: 2025/07/15

FAW Group, JLU to deepen strategic partnership On July 12, FAW Group signed an agreement on deepening strategic cooperation with Jilin University (JLU). Under the agreement, focusing on key core technologies such as intelligent connected New Energy Vehicles, AI, new high-performance automotive materials, and vehicle-road-cloud-network-satellite synergy, the two parties will further deepen comprehensive cooperation in areas such as R&D of high-end...

News  Updated at: 2025/07/15

Renault Group signs NEV industrial fund partnership agreement with three Chinese financial companies On July 10, Renault Group signed a New Energy Vehicle (NEV) industrial fund partnership agreement with three Chinese financial companies in Hangzhou. This is the first time that the group has collaborated with Chinese private equity institutions and local industrial capital. For this partnership, the four parties will co-build a virtuous cycle of ...

News  Updated at: 2025/07/15

NavInfo, BAIC BJEV forge partnership for component development NavInfo Co., Ltd.  (NavInfo) signed a component development agreement with Beijing Electric Vehicle Co., Ltd. (BAIC BJEV) for the development of a parking software product for two models. Components built on this product will meet the requirements of BAIC BJEV’s terminal customers for the sustainability, stability, safety, comfort, and convenience of vehicle use. Concurrently, the ...

News  Updated at: 2025/07/15

Dewan Farooque Motors, Pakistan starts assembly of 300 KM range EVs On July 10, Dewan Farooque Motors Limited announced the commencement of manufacturing and assembly of 300 KM range electric vehicles for Eco-Green Motors Limited. This follows the production of 200 KM range variants under the same agreement. The company is manufacturing both versions of the Honri-VE electric vehicle under an existing agreement with Eco-Green Motors Limited (EGML)...

News  Updated at: 2025/07/14

KAMAZ, Russia secures new supply contract to deliver 700 next-gen electric buses On July 11, PJSC KAMAZ signed a new contract with the State Unitary Enterprise Mosgortrans for the supply of a large batch of next-generation A5 KAMAZ-52222 electric buses. Under the agreement, Kamaz will deliver 700 new KAMAZ-52222 electric buses to Moscow in stages by the end of 2027. KAMAZ will also handle the service and repairs for 15 years. The KAMAZ-52222 ele...

News  Updated at: 2025/07/14

Ford reaches job protection deal with IG Metall for Cologne facility workers On July 11, the General Works Council along with IG Metall announced that they had secured a protection package for all employees of Ford-Werke GmbH at the Cologne site. The agreement, approved by Ford Motor Company management in the USA, ensures job security for over 10,000 employees through the end of 2032. The agreement provides a strong safety net for all employees, ...

News  Updated at: 2025/07/14

thyssenkrupp Steel and IG Metall union reach collective restructuring agreement thyssenkrupp Steel Europe AG and the IG Metall union have reached a new collective restructuring agreement, Steel Realignment, to secure the company’s long-term competitiveness. The new agreement, which runs until September 30, 2030, builds on the industrial concept presented in November 2024 and the agreement in principle concluded with IG Metall in May 2025. Key m...

News  Updated at: 2025/07/14

GAC Group to build energy replenishment networks with Beijing’s Daxing District, HXFL On July 9, GAC Group signed a strategic cooperation framework agreement with the Daxing District People’s Government of Beijing Municipality and Huaxia Financial Leasing Co., Ltd. (HXFL). Under the agreement, the three parties will launch in-depth cooperation to promote the construction of New Energy infrastructure and new power systems, with emphasis on pub...

News  Updated at: 2025/07/14

Indomobil expands portfolio with Hongqi vehicle distribution agreement in Indonesia Announced on July 8, 2025, PT Indomobil Sukses Internasional Tbk’s subsidiary, PT IMG Sejahtera Langgeng (IMGSL), signed an import and distribution contract on July 7 with China FAW Group Import & Export Co., Ltd. Under the agreement, IMGSL will manage the distribution and after-sales services (including spare parts) for Hongqi brand vehicles in Indonesia. (From...

News  Updated at: 2025/07/14

said it had no additional updates, although it continued to work on projects with Honda. For its part, Honda officials have not commented. After Nissan’s merger talks with Honda to form the world’s third-largest automaker fell apart earlier in 2025, the two companies said they would keep up an agreement to work together in some areas such as electric vehicles. (multiple sources on July 11, 2025)...

News  Updated at: 2025/07/12

VinFast India partners with BatX Energies for battery recycling and material recovery On July 11, VinFast Auto India signed an agreement with BatX Energies, a clean-tech firm specializing in battery recycling and critical material recovery. Under this partnership, BatX will handle high-voltage battery recycling, repurposing, and rare metal recovery, including lithium, cobalt, and nickel, across VinFast India’s factory and after-sales operations...

News  Updated at: 2025/07/11

Luxshare-ICT secures majority ownership of Leoni On July 10, Leoni concluded a partnership between its two shareholders, Luxshare-ICT and Stefan Pierer, its former sole owner. Following the signing of a binding agreement in September 2024, Luxshare-ICT has acquired a 50.1% stake in Leoni AG with its Wiring Systems Division (WSD), previously fully owned by Stefan Pierer. Additionally, Luxshare’s subsidiary TIME Interconnect acquired 100% of Leon...

News  Updated at: 2025/07/11

STMicroelectronics and Metalenz, US sign license agreement for metasurface optics adoption On July 10, STMicroelectronics (ST) and Metalenz announced a new license agreement. The agreement broadens ST’s capability to use Metalenz IP to produce advanced metasurface optics while leveraging ST’s technology and manufacturing platform, combining 300mm semiconductor and optics production, test, and qualification. The license agreement enables the p...

News  Updated at: 2025/07/11

Hungary and China to launch joint EV and energy storage development center in Hungary On July 9, a memorandum of understanding (MoU) was signed to launch a joint Hungarian Chinese automotive and energy storage development and validation center near the ZalaZONE Automotive Proving Ground. According to the agreement, a joint research and development, testing, and certification center for smart electric vehicles and energy storage systems will be se...

News  Updated at: 2025/07/11