ent will fund it with GBP 381 million Local Electric Vehicle Infrastructure (LEVI) Fund. The government is investing GBP 4 billion to support the industry and consumers' switch to EVs while securing global trade deals to back British carmakers. Local authorities across England are set to enter into contracts with chargepoint operators, making it easier for everyone to switch to EVs. Based on press release from the UK Government...

News  Updated at: 2025/06/13

led business review. The proposal includes consolidating bus body manufacturing at a single site in Scarborough, England, while discontinuing operations at its Falkirk, Scotland, facility and closing the site. Additionally, production lines at Larbert would be suspended after completing the current contracts. This proposed structure will lower overall costs, deliver clearer responsibilities, and increase efficiency by removing duplicate functions...

News  Updated at: 2025/06/12

spite union opposition. The offer includes seven months of salary, a Chevrolet Onix Hatch 1.0-liter or BRL 85,000, and 24 months of medical coverage or BRL 48,000 in cash. If 520 non-injured workers hired before March 2019 accept by June 9, the PDV will be extended to injured workers, and temporary contracts will be renewed for one year. The union pledged to ensure all agreements are voluntary and continues to advocate for job stability and broad...

News  Updated at: 2025/06/07

re lithium iron phosphate (LFP)-based ESS batteries on one or two of its many production lines, sources said.  If customer demand exceeds this capacity, LGES plans to manufacture them at plants with surplus capacity operated by its joint ventures with other OEMs, including Stellantis, by modifying contracts to allow third-party sales.  LGES is working to complete five of the planned eight lines in the near term. It plans to expand the capacity ...

News  Updated at: 2025/06/07

Trump lashes out against Musk, threatens to cut his companies’ government contracts On June 5, President Trump lashed out against Tesla CEO Elon Musk, saying he was “disappointed” by the billionaire’s public opposition to the sweeping tax-cut and spending bill that is at the heart of Trump’s agenda. Musk has been actively urging Senate Republicans to “kill the bill,” which comprises a wide range of Trump’s domestic agenda because ...

News  Updated at: 2025/06/06

eive 40% of their salary multiplied by the number of years until age 55 or their minimum retirement eligibility via the "Meu INSS" app. GM aims for 520 participants in this initial phase by June 9. If the goal is met, a second PDV will open for employees with B94 retirement approval, and fixed-term contracts will be extended by one year. The company also proposed that workers waive job security clauses for injury protection in exchange for indivi...

News  Updated at: 2025/06/05

rs to conditions analogous to slavery during the construction of BYD’s plant in Camaçari, Bahia. According to the MPT, workers entered the country illegally and were crammed into overcrowded, unsanitary accomodations, with excessive work hours, passport retention, armed surveillance, and illegal contracts. The MPT seeks BRL 257 million in collective moral damages, individual compensation, payment of severance, and strict compliance with Brazil...

News  Updated at: 2025/05/31

olvo Trucks to acquire 2,000 heavy-duty vehicles, marking the largest single truck order in Europe for 2025. The order includes the latest Volvo FH and FH Aero models, with deliveries scheduled throughout 2025. The deal includes financing support from Volvo Financial Services and Volvo Blue service contracts to keep the trucks in top condition for daily operations. The trucks will also be equipped with Volvo’s advanced camera monitor system and...

News  Updated at: 2025/05/30

ch of the Nasr Automotive Company. The Minister stated that Nasr Automotive Manufacturing Company has been revived, beginning with the bus factory.  It currently produces 5 buses per week, meeting international standards and supplying them to several tourist transport companies as part of existing contracts. Additionally, there are ongoing projects to produce electric buses and minibusses, assemble electric batteries and chassis, and upgrade pas...

News  Updated at: 2025/05/28

ct to Chinese law, and “required to cooperate with state intelligence and security services,” the lawmakers wrote. BYD said in a brief statement on May 20 that it had not received the letter and could not comment. The information the committee has asked BYD to produce include a list of all U.S. contracts, grants, financing, tax incentives and subcontracts awarded to BYD and RIDE since 2018 at the federal, state and local levels.  It also ask...

News  Updated at: 2025/05/23

Syensqo, Belgium wins new business for battery-grade Solef Polyvinylidene Fluoride (PVDF) On May 15, Syensqo signed new multi-year contracts for the supply of its battery-grade Solef Polyvinylidene Fluoride (PVDF) with automotive original equipment manufacturers and battery makers. Signed in Q1 2025 and worth over EUR 150 million in net sales, the long-term contracts reflect Syensqo's focus on innovation, and customer partnerships. Solef PVDF, a ...

News  Updated at: 2025/05/16

Integrated Transport Centre, UAE plans 1,000 charging stations in Abu Dhabi On May 8, the Integrated Transport Centre (Abu Dhabi Mobility), an affiliate of the Department of Municipalities and Transport, announced a significant investment in electric vehicle infrastructure. Several operators have been appointed to manage EV charging stations under public-private partnership (PPP) contracts. The first phase of the project includes the installation...

News  Updated at: 2025/05/12

Chargecore plans to invest at least USD 30 million, while Chargepoint, Amarta Group, and CVS will each invest around USD 5.3 million annually as charging port distributors. V-GREEN will directly invest in 20% of the stations, while the remaining 80% will be implemented through business cooperation contracts (BCC). V-GREEN aims to establish 50,000 charging stations with a total of 63,000 charging ports nationwide by 2025.  (From Vingroup press r...

News  Updated at: 2025/05/09

and cost structures are not expected to improve. The closure of the Lavradio site will be carried out in several phases. Production will be closed in June 2025. Final activities to complete the closure of the site should be fully implemented by the end of 2026. SGL Carbon will comply with existing contracts and obligations. Based on SGL Carbon press release...

News  Updated at: 2025/05/07

BorgWarner extends exhaust gas recirculation contracts with North American OEM BorgWarner announced it is extending its business with a major North American OEM by finalizing extensions of four EGR system volume contracts. The EGR systems are used on several of the automaker’s passenger and light commercial vehicle platforms for combustion and hybrid applications.  Production of the EGR components, including EGR valves, coolers, and modules, i...

News  Updated at: 2025/05/07

MCE, Malaysia wins new contracts with JVIS, Perodua, Proton worth over MYR 120 million Announced on April 23, 2025, MCE Holdings Berhad (MCE) has secured a series of new contracts through its subsidiaries, with a combined value of approximately MYR 120.67 million. These wins further strengthen MCE’s position as a trusted supplier of automotive electronics and mechatronic components to leading automakers both domestically and internationally. Mu...

News  Updated at: 2025/04/24

Karwa Motors, Oman to export 700 buses in 2025 On April 19, multiple sources reported that Karwa Motors' CEO stated that the Company will export over 700 vehicles to various international markets in 2025. Karwa Motors is planning aggressive expansion in the GCC market. It has signed contracts with several countries. Karwa Motors is a strategic investment initiative by the State of Qatar and the Sultanate of Oman to set up a bus assembly plant in ...

News  Updated at: 2025/04/23

d development offices, workshops, and snow and ice tracks spanning an area equivalent to 20 football fields. UTAC will oversee the construction of the center, which is expected to begin full operations in December 2025. Nexen Tire has been using the UTAC testing facility in Finland under short-term contracts. But due to growing demand, the company built its own dedicated testing center, allowing for steady winter testing from one month up to four...

News  Updated at: 2025/04/09

Autoliv secures 2 new renewable energy agreements Autoliv Inc. (Autoliv) has entered into 2 Virtual Power Purchase Agreements (VPPAs) with Alight and Eurowind Energy to ensure a consistent and reasonably priced energy supply for its activities in Europe. The VPPAs support Autoliv’s aim to transition to 100% renewable electricity, with contracts spanning 12 years from 2027-2039. The agreement with Swedish solar energy producer Alight enables the...

News  Updated at: 2025/04/09

Dongwha Electrolyte Co., Ltd. won orders for electrolytes from battery and finished car manufacturers in the U.S. The term of the supply will be from 2026 to 2028, and the sales under the two deals are expected to reach KRW 350 billion (JPY 35 billion). The company will produce electrolytes for the contracts at the Tennessee plant, which was completed in February 2025. This plant has already completed trial operation and production. Moreover, it ...

News  Updated at: 2025/04/08