technical evaluation and provide an A sample, which is a rolled product, to secondary battery manufacturers in South Korea and abroad. This, ASET thinks, will enable the company to expand its cooperation networks with global automakers and battery manufacturers, ultimately securing mass production contracts. (Based on several releases dated September 24, 2025)...

News  Updated at: 2025/09/29

uring capacity in Germany alone over the next 4-5 years, while BMW Group will bring all European production in-house from 2028, despite outsourcing as much as 10-20% of it annually in the past. The result is falling demand for external manufacturing. Magna Steyr has been particularly affected, with contracts for Jaguar’s E-Pace and I-Pace ending in 2024, BMW’s 5-Series stopping in 2023, and production of the Toyota Supra and BMW Z4 scheduled ...

News  Updated at: 2025/09/26

Valeo wins contract to supply Dual Layer HVAC system to major Chinese automaker Valeo Group (Valeo) has secured a new contract to supply its Dual Layer HVAC (Heating, Ventilation, and Air Conditioning) system to a leading Chinese automaker. The project is already in the detail design phase, with serial production scheduled to start in 2026. This order brings Valeo’s total in China to 10 contracts across 5 customers, representing a total value o...

News  Updated at: 2025/09/25

ssembly.   • Battery Assembly Building designed for high-volume battery assembly.   • Accessories Building to support upfitting and installation of vehicle accessories. This initiative is expected to bring 1,000 additional supplier jobs. Scout Motors is in the process of finalizing supplier contracts. Supplier agreements already awarded represent USD 368 million in investments, for a cumulative local investment impact of nearly USD 700 mi...

News  Updated at: 2025/09/20

SNS Holding, Algeria, signs agreement with FAW Trucks On September 9, National Steel Company – SNS Holding, in a social media post, announced that it had signed several contracts at the IATF 2025 Trade Fair. It has signed an agreement with ALGERIA FAW TRUCKS INDUSTRIES (China) for the supply of spare parts (front and rear bumpers, front and rear lights, and electrical packages) to ANABIB Spa. It also signed an agreement with Mansour EMGS Algeri...

News  Updated at: 2025/09/11

raft powertrain systems with cells sourced from Asia, before moving up to passenger vehicles. Fortescue was awarded USD 12.7 million in Michigan state incentives in 2024, as well as USD 11 million worth of Detroit brownfield incentives, but with its cancellation of plans is now working to close out contracts with the city and state. (multiple sources on September 6, 2025)...

News  Updated at: 2025/09/11

werCo would be awarded the battery contract for the new Terra pickup and Traveler SUV, which he said are on track to begin production at a new plant under construction in Blythewood, South Carolina, in late 2027. While saying that the company has already awarded a majority of the parts and material contracts planned for the two EVs, Keogh said, “We are not ready to confirm anything right now because we are in the middle of forward sourcing,”,...

News  Updated at: 2025/09/09

d 100% by 2035 in order to help the country hit its emission-reduction targets. Carney said Canadian automakers will no longer be required to ensure 20% of new car sales are electric next year while a cost efficiency review is being done, with new rules to prioritize Canadian-made goods for federal contracts and include a fund to assist firms to develop new products. Ottawa will also be launching a 60-day review of its provincial EV mandate rules...

News  Updated at: 2025/09/09

Carrar, Israel, updates about new orders and plans for a Series A+ funding round On September 2, Carrar announced three transformative OEM agreements, a major production scale-up, and plans for a Series A+ funding round. The new contracts, secured with tier-1 and OEM manufacturers in the EV, marine, and energy storage sectors, provide immediate market validation and establish a multi-year revenue stream. Carrar is expanding its manufacturing capa...

News  Updated at: 2025/09/08

, average inventory levels stood elevated at around 56 days. Despite this temporary pause, demand fundamentals remain intact, supported by the upcoming festive season. In the CV segment, dealer feedback suggested that while product acceptance and order clearances remained healthy—supported by new contracts from e-commerce and replacement demand—market sentiment in the last week was impacted by speculation around GST reductions, leading to the...

News  Updated at: 2025/09/08

onth last year.GM, Ford, and other automakers reportedly benefited from last-minute demand as subsidies for electric vehicles (EVs) of up to USD 7,500 were set to end at the end of September. Meanwhile, a cyberattack on CDK Global, a dealer management system provider, occurred in June 2024, causing contracts scheduled for that month to be delayed until July and August. This resulted in higher figures for the same month last year, which impacted s...

News  Updated at: 2025/09/04

in the U.S., HEVs are gaining momentum and BEVs are slowing down amid subsidy and policy uncertainty. Companies need to realign portfolios by deciding which products to build, where, and with which materials, and optimize subsidies and cash flow through co-planning with OEMs, long-term raw material contracts, and localization schedules. SNE Research press release Annual Cumulative Global Battery Usage for xEV (Unit: GWh） Rank Supplier 2025.1...

News  Updated at: 2025/09/04

LG Energy Solution secures major EV battery contracts with Mercedes Benz in Europe and U.S. On September 3, LG Energy Solution, South Korea, secured two EV battery supply contracts from Mercedes Benz Group. In Europe, LG will supply 32 GWh of EV batteries to Mercedes Benz starting from August 1, 2028, till December 31, 2035. Another contract, in U.S., LG will provide 75 GWh of EV batteries to a Mercedes Benz affiliate starting from July 30, 2029,...

News  Updated at: 2025/09/03

ons, has encouraged firms to reinstate overtime and subcontractors.  The Federation of Thai Industries (FTI)'s auto parts group said the industry, hit hard in 2023 by high household debt and tighter financing, began recovering in Q2 2025.  During 2022–2023, many firms reduced staff and canceled contracts, often causing closures. Over 10 companies had closed in 2024 due to poor management and economic pressures. The rise of electric vehicles, ...

News  Updated at: 2025/09/02

s division has won new European programs with multiple OEMs, including an electric vehicle manufacturer, in Germany, the Czech Republic, Spain, and Türkiye. These include complete interior modules such as centre consoles, instrument panels, and decorative trim systems. In the Americas, it received contracts in the United States and Mexico for integrated assemblies, including headliners, mirror components, and interior systems. In China, it won a...

News  Updated at: 2025/08/25

owered by 100% certified green electricity. Existing Ladegrün! Customers will now benefit from additional service expertise, digital billing, and operational management via WirelaneOS, as well as an improved service and maintenance structure. The integration will take place gradually. All customer contracts will remain in place. Based on Wirelane press release ...

News  Updated at: 2025/08/25

PowerCo awards construction contracts for St. Thomas gigafactory, Canada On August 21, PowerCo awarded two major construction contracts for its electric vehicle (EV) battery gigafactory in St. Thomas, Ontario, Canada. PowerCo will partner with the Steelcon Group of Companies for the structural steel work on the gigafactory, while Magil Construction Canada will develop the foundations of the gigafactory. The St. Thomas gigafactory will have three ...

News  Updated at: 2025/08/22

Cleveland-Cliffs signs steel supply contracts with multiple U.S. automakers According to multiple reports, Cleveland-Cliffs Inc., the second-largest steelmaker in the U.S., has signed fixed-price steel supply contracts with multiple U.S. automakers. Notably, these contracts have durations extending up to three years, whereas steel contracts to automakers traditionally have a shorter duration, usually lasting a single year. The contracts are for f...

News  Updated at: 2025/08/21

Russia discusses establishing vehicle production sites in Kyrgyzstan On August 14, multiple sources reported that Russian Deputy Industry and Trade Minister announced that Russia and Kyrgyzstan are discussing the establishment of production sites for Russian carmakers in Kyrgyzstan and plan to finalize agreements on car supply contracts. The minister said that Russia is ready to sign a series of supply contracts and is also discussing localizatio...

News  Updated at: 2025/08/18

d other customers. The new facility will be equipped with automatic molding lines, induction melting complexes, core machines and other technological, infrastructural and auxiliary facilities. The old foundry buildings have been dismantled at the industrial site, design work has been completed, and contracts signed, with production set to start in 2027. The project is supported by the federal Industrial Development Fund with a RUB 5 billion loan...

News  Updated at: 2025/08/18