l Vehicles Limited (VECV) signed a memorandum of understanding (MoU) with Jio-bp pulse. Through this collaboration, all Eicher Trucks and Buses’ EV customers will gain access to Jio-bp’s network of over 6000+ charging points, India’s largest DC fast-charging footprint. Jio-bp is a fuel retail joint venture of Reliance Industries and bp. Under this MoU, both companies will collaborate on multiple fronts to accelerate the adoption of electric...

News  Updated at: 2025/09/05

Mukand Sumi plans greenfield integrated steelmaking facility in India On September 1, Mukand Sumi Special Steel Limited (MSSSL) announced it is constructing a greenfield integrated steelmaking facility at Kanakapura, Koppal, Karnataka. A joint venture between India’s Bajaj Group and Sumitomo Corporation, MSSSL continues to strengthen its position as a leading special steel manufacturer in India.  With this collaboration, the MSSSL’s producti...

News  Updated at: 2025/09/05

Asia, with a workforce of more than 3,800. The Thai site, located near major OEM hubs, will act as a center for modular and smart interiors such as headliners, door panels, and cockpits, serving markets across Vietnam, Malaysia, and Indonesia. In Indonesia, Antolin has launched production through a joint venture with local partner AAA (APM and ARMADA AUTOPARTS). The facility will initially manufacture headliners, with plans to expand into door pa...

News  Updated at: 2025/09/05

Brose Sitech completes acquisition of Proseat Group Brose Fahrzeugteile SE & Co. KG (Brose)’s joint venture Brose Sitech announced the completion of its acquisition of the Proseat Group from the Japanese chemical company Sekisui Kasei. Headquartered in Mörfelden-Walldorf, Germany, Proseat is a European leading manufacturer of foam and lightweight car seat components made of expanded polypropylene (EPP). The company employs over 1,700 people ac...

News  Updated at: 2025/09/04

automatic) for MHV variant, 27.02 km/kg for CNG variant, and 28.65 km/L (hybrid eCVT) for strong hybrid variant. Victoris measures 4,360 mm in length, 1,795 mm in width, 1,655 mm in height, and 2,600 mm in wheelbase. The mild hybrid and strong hybrid models use lithium-ion batteries produced by the joint venture TDS Lithium-Ion Battery Gujarat Private Limited (TDSG). The interior offers a 10.1-inch infotainment touchscreen with an integrated app ...

News  Updated at: 2025/09/03

FAWAY designated for development of NEV interior trims, with supply starting from September 2026 Changchun FAWAY Automobile Components Co., Ltd. (FAWAY) announced that it was recently designated by a well-known joint venture manufacturer, whose name is not disclosed, for the development of interior trims as a component supplier. According to the customer’s plan, the project is expected to start volume supply in September 2026, with an estimated...

News  Updated at: 2025/09/03

nufacture the Model C in the U.S. in the future, and is actively seeking a new U.S. site for EV production.  Jun Seki, the Nissan veteran who runs Foxconn’s EV business, said earlier in 2025 that Foxconn already has a U.S. client for the Model C. The Model C is currently being built as part of a joint venture called Foxtron and sold by Yulon as the Luxgen n7 in Taiwan, where it was ranked second in 2024 EV sales, following Tesla’s Model Y. R...

News  Updated at: 2025/09/03

Sumitomo Rubber acquires AI start-up Sumitomo Rubber Industries, Ltd. (Sumitomo Rubber) announced that it has acquired Viaduct, Inc. (Viaduct), a US-based artificial intelligence (AI) venture company. The contract was signed on August 27, and the acquisition cost was USD 104 million (JPY 15.3 billion). Sumitomo Rubber intends to accelerate the expansion of the service with its proprietary prediction and analysis technology, Sensing Core. The two ...

News  Updated at: 2025/09/02

Permanent Magnets, India partners with Lorentic, Singapore, for advanced magnetic products On August 26, Permanent Magnets Limited (PML) announced that its subsidiary Quantum Magnetics Private Limited (QMPL) has signed a joint venture agreement with Lorentic Pte. Ltd. (Lorentic). Lorentic and PML will hold 49.02% shares each in the joint venture.  The JV will set up the Neodymium magnet assemblies’ plants. The JV will enable QMPL to expand it...

News  Updated at: 2025/09/01

August 27, 2025, executives from Great Wall Motor Thailand (GWM) and the Thai Chamber of Commerce and Board of Trade of Thailand, on August 25, visited SVOLT Energy Technology (Thailand) Co., Ltd. The plant recently celebrated the production of 10,000 EV battery packs in July 2025. Established as a joint venture between China-based SVOLT Energy Technology and Banpu NEXT Co., Ltd., the company supports the government’s goals of boosting EV produ...

News  Updated at: 2025/09/01

Ford BlueOval SK Battery Park officially seeking to sell excess capacity Production began on August 19 at the BlueOval SK Battery Park site in Kentucky, a joint-venture between Ford and SK On, with the first battery rolling off the line destined for a Ford F-150 Lightning. BlueOval SK in Kentucky had already scaled back its output capacity plans amid a slowdown in EV demand. BlueOval SK Battery Park was originally slated to employ 2,500 workers a...

News  Updated at: 2025/08/30

Murugappa Group’s CG Semi unveils chip assembly plant in India On August 28, CG Semi Private Limited, a subsidiary of CG Power and Industrial Solutions Limited (Murugappa Group), inaugurated its first Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat. CG Semi is a joint venture that includes Renesas Electronics Corporation and Stars Microelectronics (a Thailand-based OSAT & EMS player). CG Semi is investing over INR ...

News  Updated at: 2025/08/29

Punch Powertrain starts mass production of DT2C Dual Clutch Transmission for India On August 28, Punch Powertrain started mass production for the DT2C Dual Clutch Transmission, developed for the Indian market through its joint venture with TACO Punch Powertrain Pvt. Ltd. It has a torque capacity of 350 Nm. Punch Powertrain introduced the first-generation 200Nm DCT in the Indian market in 2022. The DT2C transmission is set to make its debut in a s...

News  Updated at: 2025/08/29

BASF delivers cathode active materials for Semi-Solid-State batteries to WELION New Energy, China On August 29, BASF Battery Materials, through its joint venture BASF Shanshan Battery Materials Co., Ltd. (BSBM), delivered its first batches of mass-produced Cathode Active Materials (CAM) for Semi-Solid-State batteries to Beijing WELION New Energy Technology Co., Ltd. Since the project initiation in August 2024, both parties have moved swiftly from...

News  Updated at: 2025/08/29

plans to acquire SAIC Motor’s 49% stake in Shanghai SAIC QingTao Energy Technology Co., Ltd. (SAIC QingTao) for CNY 206 million. Upon completion of the transaction, HASCO will own 49% of SAIC QingTao. Established in November 2023 with a registered capital of CNY 1 billion, SAIC QingTao is a 49:51 joint venture between SAIC Motor, HASCO’s controlling shareholder, and QingTao (Kunshan) Energy Development Group Co., Ltd. The stake acquisition ma...

News  Updated at: 2025/08/29

r, reducing IT costs, and helping to bring new models to market more quickly. As VW places greater emphasis on software-defined vehicles (SDVs), the DPP will play a key role in helping enable software deployment directly during the manufacturing process, which in turn will be shaped by VW Group’s joint venture with Rivian Automotive, which is developing the next-generation of electronics architecture and vehicle software. VW and AWS currently u...

News  Updated at: 2025/08/29

Foxconn, Softbank establishing joint data center equipment factory in Lordstown Foxconn, in partnership with Japanese-owned SoftBank, will be building AI data center equipment within the former Lordstown GM Assembly plant. The work will ultimately be part of the Stargate project to build up to 16 artificial intelligence data centers across the U.S. Foxconn had announced on August 4 that it was selling the Foxconn Ohio plant and equipment for USD ...

News  Updated at: 2025/08/29

SK to transfer all stake in SK Materials Group 14 to Group14 Technologies Several South Korean media sources reported that SK, Inc. will transfer all of its stake in SK Materials Group 14 to a US-based silicon anode materials manufacturer, Group 14 Technologies. SK Materials Group 14 is a joint venture between SK and Group14 Technologies, which is owned 75% by SK and 25% by Group 14 Technologies and was established in 2021. It has a plant in Sang...

News  Updated at: 2025/08/26

Samvardhana Motherson, India, and Egtronics, South Korea, JV forms new clean mobility electronics manufacturing subsidiary On August 22, 2025, Samvardhana Motherson International Limited (SAMIL) incorporated Motherson Egtronics Electronics Solutions Limited (MEESL), a wholly owned subsidiary established as part of its joint venture agreement with South Korea’s Egtronics Co., Ltd. MEESL was formed with an initial paid-up equity capital of INR 50...

News  Updated at: 2025/08/25

Porsche scraps in-house battery production plans, turns Cellforce into R&D unit On August 25, Porsche announced that it is adjusting its battery strategy due to slower electric vehicle (EV) growth and market changes in China and the USA. Cellforce Group GmbH, a joint venture between Porsche and Customcells, will no longer expand high-performance battery production. It will continue as an independent R&D unit, and the associated staff reductions w...

News  Updated at: 2025/08/25