Jameel Motors and GAC form joint venture to launch electric vehicles in UK On July 16, Jameel Motors signed a joint venture agreement with Chinese automaker GAC to distribute GAC’s electric vehicles (EVs) in the United Kingdom. GAC is known globally for its focus on safety, quality, innovation, and sustainability. The new joint venture will be one of the first in the UK with a Chinese automaker. It will be set up after getting the necessary re...

News  Updated at: 2025/07/16

y is preparing for a phased entry, with a product portfolio aligned to the increasing demand for both internal combustion engine (ICE) and electric vehicle (EV) models. Hero MotoCorp’s expansion will initially target Germany, France, Spain, and the United Kingdom. The company also highlighted its joint venture with Marelli Europe S.p.A., Italy—HMC MM Auto Limited, based in India. The JV focuses on the manufacturing, assembly, sale, and distri...

News  Updated at: 2025/07/15

een SAIC Group and XPeng. Despite tight deadlines, high technical standards, and the complexity of cross-border coordination, both teams delivered with speed and precision, successfully achieving the first battery pack rollout only 5 and a half months after the project began. PT UABS Indonesia is a joint venture between China’s United Automotive Battery System Co., Ltd. (UABS) and Indonesia’s PT Agung Kentjana Abadi. UABS itself is a collabor...

News  Updated at: 2025/07/15

Ultium Cells to add LFP battery cell production in Spring Hill, Tennessee On July 14, Ultium Cells LLC, the joint venture between General Motors and LG Energy Solution, announced it will upgrade its Spring Hill, Tennessee battery cell manufacturing plant to scale production of low-cost lithium iron phosphate (LFP) battery cells, building on a USD 2.3 billion investment announced in 2021.  Conversion of battery cell lines at Spring Hill to produc...

News  Updated at: 2025/07/15

Urzat, Turkiye to produce SWM G01 PRO and JAC E30X models On July 12, ATMO Group presented the first SWM G01 PRO and JAC E30X model in Turkiye. The models will be produced by Urzat, its joint venture with Urzema Holding A.S. The vehicles will be produced in Eskisehir OIZ.  The production of JAC E30X will begin at the end of the year. Plug-in hybrid pickup trucks and electric SUVs are planned to be put into production beyond. ATMO Group is launch...

News  Updated at: 2025/07/14

Meta Bright, ChargeHere form JV to expand EV charging network in Malaysia On July 11, 2025, Meta Bright Group Berhad, via its subsidiary Meta Bright Energy, announced a joint venture with EV charging leader ChargeHere to accelerate the rollout of EV infrastructure in Malaysia. The new entity, Meta Bright Chargesini Sdn Bhd, will develop and operate EV charging stations at malls, hotels, residential, and commercial sites. Meta Bright holds a 51% s...

News  Updated at: 2025/07/14

line in Yeongcheon, South Korea. BSA is a product that combines electrical equipment and battery management systems (BMS) in a battery pack. From 2025 through 2030, the South Korean company plans to invest KRW 160 billion (JPY 17.6 billion) in this project. Valeo Kapec was established in 2017 as a joint venture between Valeo Group in France and Korea Powertrain in South Korea. It is headquartered in Daegu Metropolitan City, South Korea, and has ...

News  Updated at: 2025/07/11

materials and finished goods. and engineering. “We have been producing connectors and terminals in Kentucky since 1988; it’s very exciting to be able to continue to grow and expand in South Central Kentucky,” said John Saylors, division manager of Sumitomo Electric Wiring Systems.  SEWS is a joint venture between Sumitomo Electric Industries and Sumitomo Wiring Systems and was established in June 1986. SEWS has been located in Kentucky sin...

News  Updated at: 2025/07/11

Somic Ishikawa, Japan acquires 100% stake in Somic ZF components from ZF India On July 9, ZF India and Japan-based Somic Ishikawa Inc. announced the signing of an agreement for the acquisition of 100% shareholding in Somic ZF Components Pvt. Ltd. by Somic Ishikawa. The transaction transitions the former joint venture into a wholly owned subsidiary of the Somic Group. The financial details of the deal were not disclosed. Following the acquisition,...

News  Updated at: 2025/07/10

e totaled 315,152 units, down 24.2% y/y. On July 8, Nissan announced that its June sales volume was 53,843 units, up 1.9% y/y. YTD sales volume totaled 279,546 units, down 17.6% y/y. 6,189 units of Dongfeng Nissan’s N7 mid-to-high-end battery electric sedan were sold in June, ranking first among joint-venture battery electric sedans. Pushed on June 30 was Dongfeng Nissan’s first-ever OTA update, which offers over 100 new features and optimiz...

News  Updated at: 2025/07/10

ing Technology (Anhui) Co., Ltd. (Jianglai Manufacturing) released an announcement on the filing of deregistration, for which the reason is a “resolution to dissolve”. The announcement period lasts from June 10 to July 24. Established in Hefei, Anhui on March 31, 2021, Jianglai Manufacturing, a joint venture (JV) between NIO Holdings Ltd. (NIO Holdings) and Anhui Jianghuai Automobile Group Corp., Ltd. (JAC Group), has a registered capital of ...

News  Updated at: 2025/07/10

vices. It plans to grow this business by improving parts availability and investing more in its sales and service network. Future investments in diesel and zero-emission technologies will be carefully managed. The company is using a modular technology approach and partnerships such as Coretura, its joint venture with Volvo for software-defined vehicle platforms. The "Cost Down Europe" program aims to save over EUR 1 billion in Europe by 2030. The...

News  Updated at: 2025/07/09

Gabriel India to form joint venture with South Korea’s Jinos, acquires 51% Stake in JAIPL On July 9, Gabriel India Limited announced that it will enter a joint venture with South Korea-based Jinos Co., Ltd. by subscribing to equity shares of Jinhap Automotive India Private Limited (JAIPL). Gabriel India will invest INR 268.3 million to acquire a 51% stake in JAIPL, making it a subsidiary of the company. The remaining 49% will be held by Jinos, ...

News  Updated at: 2025/07/09

million units, up 10.8% y/y. Luxury car retail sales volumes totaled 230,000 units, down 7% y/y. Retail sales volumes of domestic brands totaled 1.34 million units, up 30% y/y. Domestic brands had a market share of 64.2% of the total, up 5.6 percentage points y/y Retail sales volumes of mainstream joint venture brands totaled 510,000 units, up 5% y/y. Specifically, German brands had a retail share of 16.1%, down 2.4 percentage points y/y; Japane...

News  Updated at: 2025/07/09

Faurecia China, Farwon Electronics establish JV Faurecia China, a Forvia subsidiary, signed an agreement on the establishment of a joint venture (JV) for the R&D of automotive seat motors with Guangzhou Farwon Automotive Electronics Co., Ltd. (Farwon Electronics), a subsidiary of GAC Component Co., Ltd. The two companies will fully leverage their respective strengths to integrate resources from all parties, including funds, technology, personnel,...

News  Updated at: 2025/07/08

LG Chem to re-postpone acquisition of additional stake in Hungarian JV LG Chem Ltd. (LG Chem) announced it will postpone the acquisition of the shares in its joint venture in Hungary from June 30, 2025, to December 19, 2025. In June 2022, the South Korean company jointly set up LG Toray Hungary Battery Separator Kft. with Toray Industries, Inc. from Japan on a 50:50 basis. The JV produces secondary battery separator films and delivers them to the...

News  Updated at: 2025/07/07

ry totals for the second quarter of 2025.  Following its second quarter of gross profit in Q1 2025, on June 30 Rivian received a USD 1 billion equity investment from Volkswagen Group. The investment is part of the USD 5.8 billion agreement associated with the Rivian and Volkswagen Group technology joint venture. Rivian produced 5,979 vehicles in Q2 2025 (down 37.8% from 9,612 vehicles in Q2 2024) at its manufacturing facility in Normal, Illinois...

News  Updated at: 2025/07/03

Foxtron’s Model B electric SUV approved for sale, with launch expected in Q4 On June 25, Foxtron Vehicle Technologies Co., Ltd. (Foxtron), a joint venture between Foxconn and Yulon Group, held a Q1 2025 explanation session to announce that its Model B battery electric SUV has been approved for sale by the government, with launch expected in Q4. The Model B is a B-class battery electric model designed by Pininfarina, a renowned Italian design co...

News  Updated at: 2025/07/02

Russian government adds Daimler Truck to sanctions list On June 30, multiple sources reported that the Russian government has added Daimler Truck to the list of companies against which it is imposing economic sanctions. Daimler Truck had a joint venture with Kamaz in Russia. In 2022, it exited the Russian market and transferred its share to its partner. Based on multiple sources...

News  Updated at: 2025/07/01

Flexis unveils new emblem as it gears up for 2026 launch of electric LCVs On June 30, Flexis, a joint venture by Renault Group, Volvo Group, and CMA CGM, announced it is moving closer to producing its first electric LCVs by 2026, starting with the launch of its official emblem and visual identity. The emblem symbolizes Flexis’ mission to create smart, clean, and efficient urban logistics through connected EVs and digital services. The emblem wi...

News  Updated at: 2025/07/01