y share allotment of Posco Future M Co., Ltd. Posco Holdings will invest KRW 525.6 billion (JPY 52.56 billion) to acquire the full amount of the new shares based on its 59.7 % stake in Posco Future M. Posco Future M will use the additional fund to boost production capacities at its cathode material joint venture in Canada and cathode material plants in Pohang and Gwangyang, South Korea. (From a press release on May 13, 2025)...

News  Updated at: 2025/05/27

endent entities and open them up for third-party investment. These will ensure their greater flexibility, transparency, and value crystallization. The company aims to retain majority interests in the business areas once they are ready for the capital market, with the exception for the planned 50/50 joint venture between thyssenkrupp Steel Europe and EPG. These moves are support its previously announced strategy of providing each business with the...

News  Updated at: 2025/05/27

China releases 394th list of “Announcement on On-road Motor Vehicle Manufacturers, Products” On May 21, China’s Ministry of Industry and Information Technology (MIIT) released the 394th list of the “Announcement on On-road Motor Vehicle Manufacturers and Products”. A number of products of independent automobile brands such as BYD and Dongfeng Motor Corporation, as well as joint-venture automobile brands such as GAC Honda and SAIC-VW, ha...

News  Updated at: 2025/05/23

Baolong Auto, Weifu Group establish JV for fully active suspension systems Shanghai Baolong Automotive Corporation (Baolong Auto) and Weifu High-Technology Group Co., Ltd. (Weifu Group) announced that their subsidiaries co-invested CNY 400 million in establishing a joint venture (JV) to develop the automotive fully active suspension system market. The JV, tentatively named Weifu Baolong Technology Co., Ltd., will develop and mass produce motor p...

News  Updated at: 2025/05/22

MVSB – NCT form strategic JV in Malaysia to develop ADAS Radar Solutions Announced on May 19, 2025, MCE Ventures Sdn. Bhd. (MVSB), a wholly-owned subsidiary of MCE Holdings Berhad, has signed a Joint Venture cum Shareholders Agreement (JVSA) with China-based Nanjing Chuhang Technology Co., Ltd. (NCT). The agreement paves the way for the establishment of a new private limited joint venture company (JVC) in Malaysia. The JVC will focus on the dev...

News  Updated at: 2025/05/22

Gabriel India to increase production of sunroofs in its JV plant On May 21, Gabriel India, in an investor update, announced that its joint venture Inalfa Gabriel Sunroof Systems is planning to set up a second production line for sunroofs at its Chennai plant. It will have a capacity of 200,000 units. It will be operational by the second half of 2025.  Based on Gabriel India investor presentation ...

News  Updated at: 2025/05/22

Ford may share BlueOval SK EV Battery Park production with Nissan Ford and SK On’s joint-venture BlueOval SK Battery Park site in Kentucky was originally planned to have two operational plants on its large campus, which would employ 5,000 people. However, with slower demand for EVs, the two companies had chosen to only utilize one of those plants and hire 2,500 workers in the interim, with production currently scheduled to begin soon.  Recent ...

News  Updated at: 2025/05/22

European Commission approves Daimler Truck and Volvo joint venture for commercial vehicle software On May 20, the European Commission approved a joint venture between Daimler Truck AG (Germany) and Aktiebolaget Volvo (Sweden) under EU merger rules. The joint venture will focus on developing and supplying software-defined vehicle platforms and other software for commercial vehicles. The commission found no competition issues, as the companies will...

News  Updated at: 2025/05/21

nt of two new affiliates in the United States to support business expansion.  The first is AAPICO Delaware Holdings Corporation, a holding company with registered capital of USD 1,000, wholly owned by AAPICO Hitech and registered in the State of Delaware.  The second is SODECIA - AAPICO JV LLC, a joint venture for automotive parts manufacturing, registered in Delaware with total shareholders’ equity of up to USD 6 million, held 50% by Sodecia...

News  Updated at: 2025/05/16

Nippon Steel and Nakayama Steel Works agree on electric furnace business tie-up Nippon Steel Corporation (Nippon Steel) announced that it has reached an agreement for a partnership with Nakayama Steel Works, Ltd. (Nakayama Steel Works) for steelmaking using an electric furnace. The two companies will establish a joint venture (JV). The joint venture will invest about JPY 95 billion to establish a new electric furnace at the site of Nakayama Steel...

News  Updated at: 2025/05/16

TATA AutoComp, India and Katcon announce JV in Mexico for sheet moulded composite On May 15, TATA AutoComp Systems Ltd and Katcon announced a new joint venture in Mexico to manufacture Sheet Moulded Composites (SMC), with a focus on serving the North American market. The venture will specialize in lightweight applications for commercial vehicles, agricultural tractors, off-road vehicles, and specialized non-automotive segments.  In this new vent...

News  Updated at: 2025/05/15

Hyundai breaks ground on first car plant in Middle East On May 14, Hyundai held the groundbreaking ceremony of Hyundai Motor Manufacturing Middle East (HMMME), its joint venture with PIF, a sovereign wealth fund of Saudi Arabia, at the newly launched King Salman Automotive Cluster in King Abdullah Economic City (KAEC). The HMMME plant will be Hyundai’s first manufacturing facility in the Middle East, with PIF owning a 70% stake and Hyundai hold...

News  Updated at: 2025/05/15

Peng Shen Technology Thailand opens Phase 1 PCB Facility, commences Phase 2 construction On May 8, 2025, the Permanent Secretary of the Thai Ministry of Industry visited Prachinburi Province to attend the opening of Phase 1 of Peng Shen Technology (Thailand) Co., Ltd.’s PCB manufacturing plant, as well as the foundation stone ceremony for Phase 2. The project, a joint venture between Zhen Ding Tech. Group (ZDT), the world’s leading PCB maker,...

News  Updated at: 2025/05/15

Asahi Kasei to begin separator production at JV plant with Honda in FY2027 as scheduled On May 13, in response to Honda Motor Co., Ltd. (Honda)’s announcement about the decision to postpone an electric vehicle (EV) production project in Canada for two years, Asahi Kasei Corporation (Asahi Kasei)’s public relations department commented about a new plant that the two companies will jointly establish to manufacture separators for lithium-ion bat...

News  Updated at: 2025/05/15

Indian Government approves semiconductor JV of HCL and Foxconn On May 14, the Union Cabinet of India approved the establishment of one more semiconductor unit under the India Semiconductor Mission. It is a joint venture of HCL and Foxconn. Together, they will set up a plant near Jewar airport in the Yamuna Expressway Industrial Development Authority or YEIDA. This plant will manufacture display driver chips for mobile phones, laptops, automobiles...

News  Updated at: 2025/05/14

72 million units, up 7.9% y/y. Luxury car retail sales volumes totaled 170,000 units, down 18% y/y. Retail sales volumes of domestic brands totaled 1.15 million units, up 31% y/y. Domestic brands had a market share of 65.5% of the total, up 8 percentage points y/y Retail sales volumes of mainstream joint venture brands totaled 440,000 units, down 3% y/y. Specifically, German brands had a retail share of 15.6%, down 3.4 percentage points y/y; Japa...

News  Updated at: 2025/05/14

me the first OEM to deploy LMR batteries in EVs.  GM began researching manganese-rich lithium-ion battery cells in 2015, accelerating this technology development by prototyping LMR cells at the GM Wallace Battery Cell Innovation Center in Warren, Michigan. Ultium Cells, a GM and LG Energy Solution joint venture, plans to start commercial production of LMR prismatic cells in the U.S. by 2028, with pre-production expected to begin at an LG Energy ...

News  Updated at: 2025/05/14

under the Trump administration, was directed toward tooling at the plant. The plant was intended for low-volume production, though GM declined to specify how it would use the fuel cells, with it seen likely they would be for nonautomotive applications before going into trucks.  GM currently has a joint venture with Honda producing fuel cell systems at a 70,000-square-foot plant in Brownstown Township.  (multiple sources on May 13, 2025)...

News  Updated at: 2025/05/14

NextStar Energy prepares plant in Windsor, Ontario for battery cell production On May 8, NextStar Energy announced it is nearing completion of the final phase of its joint venture plant in Windsor, Ontario, having begun construction in 2022.    The joint venture formed by LG Energy Solution and Stellantis, started battery module production in October 2024 in phase one of the project.  As construction of the 4.23-million-square-foot plant is re...

News  Updated at: 2025/05/14

NDR Auto Components, India to form 50:50 JV with Hayashi Telempu for auto components manufacturing On May 9, NDR Auto Components Limited announced that its board of directors has approved entering into a joint venture agreement with Japan-based Hayashi Telempu. The JV aims to manufacture a range of automotive components, including ambient lighting systems, carpets, dash inners, rear shades, and tonneau covers. The proposed JV company will be inco...

News  Updated at: 2025/05/09