Musashi India signs LOI to supply integrated side-mounted e-axle for Kinetic Green two-wheelers On May 13, Musashi India Private Limited signed a Letter of Intent (LOI) with Kinetic Green Energy & Power Solutions Limited for the supply of integrated electric powertrain systems for Kinetic Green's upcoming two-wheeler platforms. Under the agreement, Musashi India will supply a side-mounted e-Axle integrating a 4.7 kW IPM motor, gearbox, and contro...

News  Updated at: 2026/05/13

rate UD Trucks' domestic sales functions in six regions (Kinki, Chugoku/Shikoku, Kyushu, Tohoku, Kanto, and Chubu) with six sales companies that are consolidated subsidiaries of Isuzu. The Isuzu sales companies will be the surviving entities and will retain their current names. In addition, a basic agreement was reached to establish new sales companies in five of UD Trucks' areas (Akita, Ibaraki, Saitama, Toyama, and Mie) and transfer them to the...

News  Updated at: 2026/05/13

NSK and NTN to integrate businesses, establish joint holding company in 2027 On May 12, NSK Ltd. (NSK) and NTN Corporation (NTN) announced that they have reached a basic agreement to establish a joint holding company by way of a joint share transfer and to integrate their businesses. Both NSK and NTN are expected to become wholly owned subsidiaries of the joint holding company. The companies plan to execute a definitive agreement within approxima...

News  Updated at: 2026/05/13

Unifor chooses Ford as lead OEM for Canadian 2026 labor contract negotiations On May 11, the Unifor trade union said that Ford has been selected as the lead OEM to begin contract negotiations in Canada for later in 2026. Any agreement reached with Ford will set the stage for future talks with GM and Stellantis. Unifor has maintained a long-standing working relationship with Ford, and has most often selected the OEM to set the pattern bargaining a...

News  Updated at: 2026/05/13

s largest car importers and dealers, Bertel O. Steen, to provide recycling and reuse services for electric vehicle (EV) batteries in the Norwegian market. Bertel O. Steen is involved in the import, sales, and service of Mercedes-Benz, Kia, Peugeot, Citroën, Opel, Fiat, Jeep, and others. During the agreement period, discarded EV batteries from Bertel O. Steen’s car brands will be collected by Hydrovolt at various collection points across the co...

News  Updated at: 2026/05/12

Launch Design Shanghai and Hybrid Motors Nigeria plan EV assembly plants in Nigeria On May 11, multiple sources reported that Launch Design Shanghai and Hybrid Motors Nigeria had signed a partnership agreement to establish electric-vehicle assembly plants in Lagos and Abuja. The collaboration will focus on the production of “Acely,” Hybrid Motors Nigeria’s indigenous vehicle brand designed for the Nigerian market. The Lagos facility will se...

News  Updated at: 2026/05/12

motorcycle battery swapping cabinets in Bac Ninh using Viettel’s locations and telecom infrastructure. Meanwhile, the PVOIL partnership builds on a previous rollout of nearly 400 EV charging stations integrated with battery-swapping facilities already operated by the two companies. Under the new agreement, V-Green and PVOIL will expand battery swapping and EV charging infrastructure across nearly 1,000 fuel stations nationwide, with close to 3...

News  Updated at: 2026/05/12

EU approves signing modernized free trade agreement with Mexico On May 11, it was reported that the European Union approved the signing of a modernized trade and investment agreement with Mexico. The updated agreement aims to eliminate most remaining tariffs and reduce non-tariff barriers, facilitating greater access for European companies to the Mexican market across sectors. It also includes provisions to expand cooperation in areas such as inv...

News  Updated at: 2026/05/12

Weibo account. The Eletre is produced at a plant in Wuhan, China. According to Lotus’ China sales company, the Eletre is the first high-end EV model to pass certification under Canada Motor Vehicle Safety Standards. The shipment is the first announced delivery by a Chinese company under the trade agreement struck in January, which replaced Canada’s 100% surtax on Chinese-made EVs with a 6.1% tariff under a quota of 49,000 vehicles annually. U...

News  Updated at: 2026/05/12

ecember 2025, under which Cyient Semiconductors licenses Navitas's GaN technology for India and also serves as a second source for select Navitas GaN devices already in mass production. Cyient Semiconductors plans to expand its GaN portfolio through partnerships with local OSATs, with the licensing agreement intended to enable domestic manufacturing of GaN power devices in India eventually. Based on Cyient Semiconductors' stock exchange notificat...

News  Updated at: 2026/05/11

Renault Spain suspends new model allocation after union talks fail On May 7, the CCOO Spanish union announced that Renault Spain has paused its plan to assign new vehicle production to the country after failing to reach an agreement with unions, raising the possibility of moving production to other countries. The decision affects three new electric and hybrid models planned from 2028 at the Palencia plant, while two existing hybrid models would c...

News  Updated at: 2026/05/11

Daimler Truck partners with MB Energy and Kawasaki Heavy Industries Ltd. to build hydrogen supply chain to Europe On May 11, Daimler Truck AG, MB Energy (Germany), and Kawasaki Heavy Industries Ltd. (Japan) signed an agreement to build a supply chain for liquefied hydrogen to Europe through the Port of Hamburg, Germany. The companies will combine their expertise to study how to make hydrogen supply to Hamburg commercially viable, with a target to...

News  Updated at: 2026/05/11

indie, US, to acquire CMOS image sensor product line from ams OSRAM On May 11, indie Semiconductor signed a definitive agreement to acquire the fabless CMOS image sensor group from ams OSRAM AG for a total consideration of EUR 40 million. With primary operations in Belgium and Portugal, this product line includes intelligent, high-performance CMOS image sensors for a broad range of industrial, automation, and physical AI applications.  This port...

News  Updated at: 2026/05/11

EL B&T, Korea, plans electric vehicle and battery cell manufacturing plant in Oman On May 10, multiple sources reported that the Korean electric vehicle technology company EL B&T has signed an agreement with Oman's Public Authority for Special Economic Zones and Free Zones (OPAZ). EL B&T will establish an electric vehicle and battery cell manufacturing plant in the Duqm Special Economic Zone, with investments estimated at approximately USD 250 mi...

News  Updated at: 2026/05/11

Rox to start UAE plant in second half of 2026, targets 300,000 capacity by 2030 On May 7, AD Ports Group announced that Khalifa Economic Zones Abu Dhabi – KEZAD Group has signed a lease agreement with ROX to establish one of the Middle East’s first advanced AI manufacturing centres in KEZAD Logistics Park (KLP 1), KEZAD Musaffah. The 10,000-square-metre facility within KEZAD’s industrial ecosystem will support the development of ROX’s ope...

News  Updated at: 2026/05/11

Continental’s ContiTech reaches agreement on workforce restructuring measures in Germany Continental AG (Continental)’s ContiTech group sector has reached an agreement with employee representatives on workforce reduction measures for Germany related to the cost saving program announced in November 2025. The agreement also includes targeted investments to enhance the competitiveness of German sites. ContiTech aims to achieve annual savings of ...

News  Updated at: 2026/05/11

Chery Auto, Volcengine partner for large AI models On April 25, Chery Automobile Co. Ltd. (Chery Auto) signed an agreement on strategic cooperation in areas such as large AI models with Beijing Volcano Engine Technology Co., Ltd. (Volcengine). Under the agreement, Volcengine will fully integrate its Doubao large model and related AI applications into Chery’s proprietary super AI agent to enhance related capabilities for adaptation to existing a...

News  Updated at: 2026/05/09

BYD, Amap partner for FLASH Charging deployment in China On April 30, BYD announced the recent signing of a strategic cooperation agreement with Amap in Beijing. With the combination of BYD’s high-density FLASH Charging station network covering the whole of China and Amap’s precise positioning and real-time data capabilities, users can immediately locate nearby BYD FLASH Charging stations for ultra-efficient energy replenishment services by s...

News  Updated at: 2026/05/09

Chery to deepen energy cooperation with CATL, CAES On April 25, Chery Automobile Co. Ltd. (Chery Auto), Contemporary Amperex Technology Co., Ltd. (CATL), Anhui Chery Green Energy Ecological Technology Co., Ltd. (Chery Green Energy), and Contemporary Amperex Energy Service Technology Ltd. (CAES) signed a strategic cooperation agreement in Beijing. Centering on areas such as distribution of charging and battery swapping systems, establishment of a ...

News  Updated at: 2026/05/09

Trump threatens EU with ‘much higher’ tariffs if no trade deal signed by July 4 On May 8, U.S. President Trump said in a Truth Social posting that he will give the European Union until July 4 to finalize ratification of its trade agreement with the U.S., and warned that tariffs “would immediately jump to much higher levels” if the bloc failed to do so. It was unclear which tariffs he was talking about since the U.S. Court of International...

News  Updated at: 2026/05/09