assets.•    Stalking Horse Bid: Glencore has also agreed to a USD 40 million stalking horse credit bid for key assets, including Spokes in Arizona, Alabama, New York, Germany, the Rochester Hub, and IP, along with assumption of certain liabilities.•    Li-Cycle is also winding down non-core European and Asian subsidiaries, maintaining only its active operations in Switzerland and Germany. As part of the CCAA proceedings, the Li-Cycle Grou...

News  Updated at: 2025/05/17

CLEPA warns EU green transition at risk without policy shift On May 15, the European Association of Automotive Suppliers (CLEPA) advised that the EU's fast-paced green transition will fail unless policymakers adjust their approach. Automotive suppliers, caught between political goals and market realities, are struggling with bankruptcies, site closures, and falling investments, leading to major job losses. About 62% of suppliers are dealing with ...

News  Updated at: 2025/05/16

EU to support automotive industry through Horizon Europe program On May 14, the European Commission announced that it is investing over EUR 7.3 billion through its newly adopted Horizon Europe work program for 2025 to strengthen Europe's research and innovation engine and global edge. For automotive research and innovation, the 2025 work program aims to support the transformation of the European automotive industry through research and innovation...

News  Updated at: 2025/05/16

Toyota unveils bZ4X Touring electric SUV, set for European launch in spring 2026 On May 15, Toyota unveiled the bZ4X Touring, a new addition to its all-electric bZ4X lineup. The bZ4X Touring is 140 mm longer and 20 mm taller than the standard bZ4X, with overall dimensions of 4,830 mm in length and 1,670 mm in height. The vehicle will be available in front-wheel and all-wheel drive versions, both equipped with a 74.7 kWh (gross capacity) lithium...

News  Updated at: 2025/05/16

BYD to establish European headquarters and R&D center in Hungary On May 15, BYD announced that it is establishing its European headquarters and research and development (R&D) center in Hungary. The company, with support from Hungarian Investment Promotion Agency (HIPA), will set up its European management center in Budapest, creating around 2,000 jobs. The new unit will play a key role in BYD’s European operations, including sales and the desig...

News  Updated at: 2025/05/16

ACEA advocates simplification of EU Deforestation Regulation On May 14, the European Automobile Manufacturers’ Association (ACEA) stated that the implementation of the Deforestation Regulation (EUDR) places increased burdens on companies, such as through investments that are needed to comply with implementation, setting up technical support and so on. This all comes with an impact on the OEMs’ competitiveness. Therefore, ACEA advocates for fu...

News  Updated at: 2025/05/15

lored THACO’s latest bus models. The RS 1936 is a latest-generation model built with advanced technology and rigorous quality standards that meet Mercedes-Benz’s global requirements. Specifically developed for the Thai market, the bus is based on the Mercedes-Benz RS 1936 chassis and features a European-style design, strong performance, and a comprehensive suite of safety features. The bus is equipped with a ZF Traxon AMT transmission and pne...

News  Updated at: 2025/05/15

lity to accelerate the integration of InnovizTwo lidar units into the ID. Buzz AD,  VW's L4 autonomous shuttle. The expansion is expected to accelerate the integration of InnovizTwo lidar units into the ID. Buzz AD autonomous shuttle platform, supporting MOIA's planned market expansion in multiple European and U.S. cities beginning in 2026. This development is supported by Innoviz's recently announced partnership with Fabrinet for the mass produ...

News  Updated at: 2025/05/14

d by Applus+ IDIADA ("IDIADA").  This also marks IDIADA's first certification in Europe for a vehicle equipped with steer-by-wire technology. As the first model to feature steer-by-wire in the Chinese market, the reliability of the ET9's steer-by-wire system has been recognized by both Chinese and European regulators, which is expected to accelerate the mass production of steer-by-wire technology across the industry. Based on NIO’s social medi...

News  Updated at: 2025/05/14

European Commission clears acquisition of Covestro by ADNOC On May 13, the European Commission approved, under the EU Merger Regulation, the acquisition of sole control of Covestro AG of Germany by Abu Dhabi National Oil Company P.J.S.C. (‘ADNOC') of the UAE. The transaction relates primarily to the supply of chemicals and high-performance polymer materials, and solutions. The market investigation confirmed that ADNOC and Covestro mainly operat...

News  Updated at: 2025/05/14

nt’s general cooling system to eliminate the use of individual laser coolers and reduce energy consumption. This project received financial support from INEGA (National Institute of Energy and Mines), the Xunta de Galicia (Government of Galicia), the National Energy Efficiency Fund (NFE), and the European Union, within the framework of the energy savings and efficiency aid line for SMEs and large companies in the industrial sector. (From a pres...

News  Updated at: 2025/05/14

e Plugsurfing's aggregated network in Europe. The partnership between XPENG and Plugsurfing brings together 500 leading charge point operators across the EU, offering XPENG customers access to an advanced, extensive charging network. Plugsurfing currently connects over 940,000 charging points in 27 European countries, covering more than 85% of the region’s public charging infrastructure. Plugsurfing provides XPENG with its product, the Drive AP...

News  Updated at: 2025/05/13

ACEA supports three-year averaging mechanism for emissions compliance for cars and vans On May 8, the European Automobile Manufacturers’ Association (ACEA) welcomed both the European Parliament’s and Council’s support for a three-year averaging mechanism for emissions compliance for cars and vans. ACEA Director General stated that while this provides some necessary flexibility for manufacturers in the short term, but Europe needs a long-ter...

News  Updated at: 2025/05/12

European Parliament adopts change to CO2 emission performance standards for new cars and vans On May 8, the European Parliament adopted a targeted change to CO2 emission performance standards for new cars and vans. With 458 votes for, 101 against, and 14 abstentions, members supported the Commission’s proposal to support Europe’s automotive sector. To speed up its adoption, Parliament agreed to deal with the file under its urgent procedure. ...

News  Updated at: 2025/05/09

VinFast expands European presence, signs new dealership agreements in France and Germany On May 8, VinFast announced that it had signed dealership agreements with ASTRADA SIMVA, its first official dealer partner in France, and Schachtschneider Automobile GmbH & Co KG, its second dealer in Germany, further expanding its dealership network in Europe. The strategy aims to boost efficiency, expand brand presence, and quickly meet rising customer dema...

News  Updated at: 2025/05/09

EU plans EUR 95 billion countermeasures against U.S. tariffs On May 8, the European Commission proposed countermeasures on up to EUR 95 billion (USD 108 billion) of U.S. imports if negotiations with President Donald Trump’s team fail to remove the series of tariffs applied by U.S. President Trump. The new measures would target U.S. cars and car parts, machinery, aircraft, chemicals, electrical equipment, wine, fish, and health products. The new...

News  Updated at: 2025/05/09

n chain at the Catania site, with a steady production of 15,000 slices per week. The new investment follows the one for the construction of a substrate production plant that will be completed in 2026.  The integration of the two projects will lead to the creation in Catania of the first integrated European production site capable of managing all production phases, from powdered material to finished devices. About 3,000 direct hires are expected ...

News  Updated at: 2025/05/08

European Council adopts mandate on amendment to CO₂ Standards for new cars and vans On May 7, the European Council adopted its negotiating mandate on a targeted amendment to the regulation on CO2 standards for new passenger cars and vans, which aims to provide car manufacturers with flexibility to meet their emissions targets for 2025. The Council's position agrees with the proposal of the Commission without modifications. The amendment propose...

News  Updated at: 2025/05/08

te to meet customer demand, for example, for renewable energies, efficient data centers, and electromobility.  Infineon will invest EUR 5 billion of its own money, creating as many as 1,000 new jobs. In addition, Infineon is also investing in Dresden through its participation in the joint venture "European Semiconductor Manufacturing Company (ESMC) GmbH". Construction of the Smart Power Fab is proceeding as planned. Production is to begin in 202...

News  Updated at: 2025/05/08

GlobalData blog: Europe’s automotive sales lose global lifelines The European automotive market in 2025 is not in freefall but is clearly stagnating For decades, Europe’s automotive sector was built on strong export markets, with Russia, China, and the US playing an outsized role in driving sales volumes and profitability. While domestic demand remains important to European OEMs, external markets have provided both scale and stability – unt...

News  Updated at: 2025/05/08