Renault Spain presents final proposal in latest union negotiations On May 26, UGT union announced that a new meeting took place between Renault Spain management and worker representatives at the Ministry of Industry and Tourism of Spain. Renault Spain President highlighted the company’s ongoing investments in the country and presented its final offer, with better terms on pay, flexibility, and working conditions. It confirmed new production pla...

News  Updated at: 2026/05/27

France unveils EV Transition with EUR 1 billion investment and EUR 15 billion auto industry plan On May 26, the French President welcomed France’s electrification leaders to the Elysee Palace in Paris to push the country faster toward electric energy. He announced more than EUR 1 billion in new investments. In the car industry, Renault and Stellantis, along with suppliers such as Valeo and Plastic Omnium, plan to invest EUR 15 billion in EVs by...

News  Updated at: 2026/05/27

Z Truck closes CNY 1 billion financing On May 15, Z Truck announced the recent completion of a CNY 1 billion financing. Established in 2022 by Tsinghua University and Suzhou authorities, Z Truck, a brand for intelligent connected new energy commercial vehicles, specializes in the development and mass production of finished trucks and new technologies. With investments from institutions including Baidu Ventures, Horizon Robotics, and five Chinese ...

News  Updated at: 2026/05/27

illion towards sustaining capex and around INR 11 billion towards growth capex and land acquisition. Based on the expansion plans announced or under consideration by its customers, Uno Minda may need to acquire additional land in Chhatrapati Sambhaji Nagar (CSN), Hosur, and Gujarat. Apart from land investments, capex will mainly support ongoing and announced projects, along with capacity expansion and technology upgrades at existing plants. Uno M...

News  Updated at: 2026/05/26

Egypt’s Prime Minister reviews plan of Elsewedy Electric for automotive segment On May 24, the Egyptian Prime Minister met with the CEO and Managing Director of "Elsewedy Electric" to discuss the company's business plan and expansions. The company is planning to expand across several sectors and increase investments, particularly in the automotive industry overall and in electric vehicles specifically. Elsewedy Electric announced that new cars ...

News  Updated at: 2026/05/26

Dhoot Transmission, India files IPO papers, plans new plants in Haryana and Tamil Nadu On May 23, Dhoot Transmission Limited, backed by Bain Capital (via BC Asia Investments XV Limited), filed an updated draft red herring prospectus with SEBI for an IPO comprising a fresh issue of up to INR 14 billion and the sale of up to 16.3 million shares with BC Asia Investments XV and Mangalam Capital Private Limited offloading shares. The net proceeds from...

News  Updated at: 2026/05/26

that the FaSTLAne 2030 strategic plan provides a significant opportunity for the company. It aims to grow revenues by 40% while maintaining double-digit margins. The plan will drive the next stage of transformation through a stronger regional industrial footprint, more competitive sourcing, focused investments, and an agile product strategy tailored to customer needs across diverse markets. Key priorities for MEA will include: expanding the util...

News  Updated at: 2026/05/25

ries from its plant in Ordizia (Gipuzkoa). It has been shortlisted for the PERTE VEC program and will receive a grant of EUR 8 million.  The Belcor Nonwovens initiative is a collaboration between ORKLI and BELCHEM GmbH to develop innovative safety solutions for battery-powered systems. The planned investments will create 100 new jobs. MONDRAGON Corporation is also participating in this initiative, supporting the project through its internal supp...

News  Updated at: 2026/05/22

lug-in hybrid or range-extended electric vehicles, 24 hybrid electric vehicles and 39 ICE/mild hybrid electric vehicles.     •  The four global brands with the greatest scale, Jeep, Ram, Peugeot and FIAT, will be first launchers for all new global assets. 70% of the plan’s brand and product investments will be directed to these brands, as well as to the Pro One commercial vehicles business unit.     •  The company’s five regional ...

News  Updated at: 2026/05/22

Ola Electric, India to infuse INR 20 billion into EV tech and cell manufacturing subsidiaries On May 15, 2026, Ola Electric Mobility Limited's board approved a combined investment of INR 20 billion into two wholly owned subsidiaries: INR 15 billion into Ola Electric Technologies Private Limited (OET) and INR 5 billion into Ola Cell Technologies Private Limited (OCT). Both investments are to be completed on or before May 14, 2027. OET, incorporat...

News  Updated at: 2026/05/15

ions in India will also continue to advance as an export hub for global markets, including Central and South America and ASEAN. During the three-year period until the fiscal year ending March 31, 2029, Honda will reallocate resources it had scheduled to invest in EVs to HEVs, and control EV-related investments at a level of approximately JPY 0.8 trillion. The company will invest JPY 1.0 trillion in software technologies and JPY 4.4 trillion in ga...

News  Updated at: 2026/05/15

). VinFast will continue to secure production through a manufacturing and supply agreement with VFTP after the divestment. A newly structured entity, expected to be named VinFast Vietnam Joint Stock Company (VFVN), will hold R&D, intellectual property, after-sales functions, and selected subsidiary investments, while VinFast’s international operations, including those in India and Indonesia, will remain unaffected. Completion of the transaction...

News  Updated at: 2026/05/15

ly influenced by the market condition in India becoming more active than initially anticipated following the revision of the Goods and Services Tax (GST). By responding swiftly to the increase in demand, the company maintained strong sales. On the other hand, rising raw material costs and continued investments for growth in people and technology, were factors that reduced profits. By segment, the motorcycle business saw increased revenue and prof...

News  Updated at: 2026/05/14

ners of the parent of JPY 423.9 billion (vs a profit of JPY 835.8 billion). It was Honda’s first net loss since its listing in 1957. Amid significant changes in the business environment surrounding battery-electric vehicles (BEVs), Honda carried out a reorganization of its EV business and related investments. By the third quarter, the company recorded EV-related losses of JPY 267.1 billion, including provisions for losses and impairment losses ...

News  Updated at: 2026/05/14

omobile) will be introduced in Europe, Southeast Asia, Australia, and other markets. The company also announced that the compact sports utility vehicle (SUV), to be produced at its Thai plant for sale in Japan, will be the all-new CX-3. In March 2025, Mazda announced its Lean Asset Strategy to curb investments in electrification in collaboration with partner companies, and indicated that it would reduce the investment to JPY 1.5 trillion from JPY...

News  Updated at: 2026/05/13

Tesla increases investment, capacity for battery cell production at Gigafactory Berlin On May 12, Tesla said it will increase its investment in battery ‌cell production at Gigafactory Berlin by almost USD 250 million while boosting its planned capacity for the site. In December, Tesla announced investments amounting ⁠to almost EUR 1 billion (USD 1.2 billion) at the plant where it looks to add battery cell production by 2027. With the new inve...

News  Updated at: 2026/05/13

velopment approach aligned with global OEM standards. The collaboration will support virtual simulation and validation before physical prototyping, seamless collaboration across engineering and manufacturing teams, and accelerated time-to-market for new platforms. The company is making significant investments in developing new bus and truck platforms, and the adoption of 3DEXPERIENCE will help build these to global standards. Based on the Olect...

News  Updated at: 2026/05/11

e 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 million. The project will be carried out in two phases, with annual production expected to reach 60,000...

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

osted a third consecutive month of growth with 636 units. The e.MAS 7 PHEV delivered 1,013 units in its second full sales month, retaining its position as the country’s best-selling PHEV and reaching 1,755 units cumulatively. Growth was supported by easing supply constraints, product updates, and investments in new technologies as well as sales and aftersales service through Proton’s dealership network. (From Proton press release dated May 6,...

News  Updated at: 2026/05/08