Mullen Automotive announces results for Q2 2025 On May 20, Mullen Automotive announced financial results for the three months ended March 31, 2025. Mullen had revenue of USD 4.95 million for the second quarter, for which it recorded a USD (65.79) million loss from operations. It had a USD (47.10) million net loss in Q2 2025, compared to a USD (132.45) million loss in fiscal Q2 2024. Sale activity for Mullen commercial EVs in Q2 include:   • ...

News  Updated at: 2025/05/28

lectronics, chemical, industrial packaging, and other high-performance applications.  Founded in Finland in 1983, Premix Group is a global leader in the development and manufacturing of electrically conductive and high-performance polymer compounds serving diverse industries including electronics, automotive, industrial packaging, and diagnostics.  (Premix release on May 27, 2025)...

News  Updated at: 2025/05/28

ders, silicon vendors, independent software vendors (ISVs), tier-1 suppliers and global systems integrators (GSIs), the shift towards a software-centric design approach necessitates more focused partnerships.  By bringing together a robust ecosystem of trusted industry leaders, Red Hat enables the automotive industry with greater confidence and choice when deploying Red Hat In-Vehicle Operating System.  Red Hat enables software portability thro...

News  Updated at: 2025/05/28

Smart expands to Morocco market through partnership with Auto Nejma, plans to launch EV models by 2025 On May 27, Smart entered the Moroccan market through a partnership with Auto Nejma, a local automotive distributor and official Mercedes-Benz partner. This marks Smart’s presence in 38 countries and regions worldwide. By 2027, Auto Nejma will open six Smart showrooms in key Moroccan cities, offering modern urban mobility solutions. The Smart #...

News  Updated at: 2025/05/27

ncrease production capacity for a foam solution called Daploy High Melt Strength polypropylene. The new product provides exceptional foamability, lightweight properties, and mechanical strength. It is suitable for use in monomaterial solutions, which are easily recyclable at the end of life. In the automotive industry, Daploy is used for ultra-lightweight foamed interior and under-the-hood components. Typically, 60-90% lighter than non-foamed alt...

News  Updated at: 2025/05/27

Volvo Cars to cut 3,000 jobs globally as part of action plan On May 26, Volvo Cars announced global redundancies as part of its cost and cash action plan. The initiative aims to strengthen the company's resilience due to current automotive market challenges. The SEK 18 billion action plan includes the creation of an efficient organisation with a structurally lower cost base, which includes the reduction of about 3,000 jobs, including consultant ...

News  Updated at: 2025/05/27

oping a strategic realignment of the Group’s future and will present these plans to the Supervisory Board before the end of this fiscal year, which concludes on September 30, 2025. As part of these plans, the company will gradually separate all its business segments, including Materials Services, Automotive Technology, and the newly established Decarbon Technologies, into independent entities and open them up for third-party investment. These w...

News  Updated at: 2025/05/27

Thailand 2025, held from May 14–17. The event drew over 46,000 attendees and 68 buyer delegations from 13 countries, resulting in 9,975 business matching sessions and projected trade value exceeding THB 22 billion in industrial parts. A special activity, the xEV Sourcing Zone, featured 10 Tier 1 automotive parts manufacturers displaying components they seek to procure from Thai Tier 2 and Tier 3 suppliers. In its second year, this zone facilit...

News  Updated at: 2025/05/27

CAAS secures R-EPS system order from European automaker Jingzhou Henglong Automotive Parts Co., Ltd., a subsidiary of China Automotive Systems, Inc. (CAAS), secured the first R-EPS (Rack Type Electric Power Steering) system order from a large European automaker. The order has an estimated annual sales of over USD 100 million and covers multiple models of the customer, with mass production expected to start in 2027. The R-EPS system has achieved ...

News  Updated at: 2025/05/27

India-based Motherson proposes acquisition of Marelli to expand customers and product groups Motherson Group, an Indian automotive parts supplier, has proposed an acquisition of Marelli Holdings Co., Ltd. (Marelli), a major automotive parts supplier that is currently undergoing restructuring. Marelli intends to accept the proposal, and its creditors have been discussing voluntary liquidation sponsored by the Motherson Group. Marelli stated that t...

News  Updated at: 2025/05/27

h-strength and formability by adding cellulose fibers to a nylon resin in proportions of 4:6. It aims to start sales of high-strength plastic pellets by the fiscal year that starts in April 2027 (FY 2027). Panasonic expects that the new forming material can be applied for complicated shapes such as automotive interior parts. By utilizing the characteristics and competitive advantages of the high-strength cellulose fiber forming material, the comp...

News  Updated at: 2025/05/27

Stellantis Goiana plant in Brazil achieves highest-ever April exports On May 26, Stellantis reported record-breaking results for April 2025, with its Goiana Automotive Hub in Pernambuco achieving its highest-ever monthly export volume since its 2015 inauguration. The plant exported 7,194 vehicles in April alone, totaling 17,479 units from January to April. The Jeep Compass led exports, accounting for 36% of April shipments, followed by the Jeep R...

News  Updated at: 2025/05/27

d Development Center in Zaheerabad NIMZ.  The project involves an investment of INR 85.3 billion (approximately USD 1 billion) and is expected to create 4,276 jobs.  According to multiple local media reports, the upcoming R&D facility will cover 675 acres and feature core facilities, including an automotive test track, pilot line and prototyping systems. Hyundai Motor currently operates the Hyundai Motor India Engineering Centre (HMIE) in Hyder...

News  Updated at: 2025/05/26

Arbe, Israel secures radar systems orders for data collection from leading European OEMs On May 20, Arbe Robotics Ltd. announced that it had secured radar systems orders for data collection from leading European OEMs. The OEMs' data collection program is one of the final steps in the automotive sourcing process. The company expects that its radar technology will serve as a key enabler for high-volume 2028 passenger vehicle platforms, with revenue...

News  Updated at: 2025/05/26

Siget, Italy and Sibplast, Algeria partner for plastic and rubber parts On May 19, the Ministry of Industry, Algeria announced a partnership agreement between the Italian company Siget, specializing in plastic and rubber components for the automotive sector, and the Sibplast Foundation, part of the general group ENPC and a subsidiary of ACS. The agreement paves the way for the creation of an Economic Interest Group (GIE) in Algeria. This collabor...

News  Updated at: 2025/05/26

in Iran’s two major automakers, Iran Khodro and Saipa, until further notice. The CEOs of both companies informed the Stock Exchange Organization through official letters that, by order of the country’s top authorities, any changes in ownership have been put on hold until the final review of the automotive industry restructuring plan is completed. Based on multiple sources...

News  Updated at: 2025/05/26

Egypt to ease restrictions on import of fully assembled American cars On May 25, the Prime Minister of Egypt, in the 2025 US-Egypt Policy Leaders Forum, announced that ongoing talks with the American side have shown increasing interest in the automotive sector. Applications have been submitted to ease restrictions on importing fully assembled American cars into Egypt. As part of this, on May 11, 2025, Decision No. 112 was issued by the Deputy Pri...

News  Updated at: 2025/05/26

Rollmech Automotive to open new advanced production facility in Bursa, Turkiye Rollmech Automotive announced that it is planning to open a new production facility in the Nilüfer Organized Industrial Zone, Bursa, Turkiye, in the last quarter of 2025. The factory will feature advanced manufacturing technologies and high production capacity, contributing to new partnerships and employment opportunities in the automotive sector. It is the second maj...

News  Updated at: 2025/05/26

. It features Geely’s next-generation AI Smart Cockpit, AI Digital Chassis and G-Pilot H5 Intelligent Driving Assistance System, and top-tier five-star-plus safety ratings. Additionally, Geely Auto also unveiled its transformative “Five by Five” strategy, supporting Geely’s goal to lead the automotive industry in electrification, low-carbon development, and intelligent mobility. The strategy includes five global testing clusters with 16 b...

News  Updated at: 2025/05/26

AOC 2025: ETAS to present partner ecosystem and solutions for streamlined ECU development ETAS GmbH will present its partner ecosystem along with the latest solutions for streamlined ECU development at the AUTOSAR Open Conference (AOC) 2025, held in Bruges, Belgium, from May 27-28. Highlights include (i) a collaboration with GLIWA that seamlessly integrates ETAS's RTA-CAR and GLIWA's T1 automotive timing tool, simplifying timing analysis and enab...

News  Updated at: 2025/05/26