Tata AutoComp, India partners South Korea's Jahwa Electronics for PTC heaters On May 28, Tata AutoComp Systems and South Korea's Jahwa Electronics announced a joint venture to locally manufacture and supply low-voltage and high-voltage PTC heaters for India's electric and hybrid vehicle segments. The JV combines Jahwa's precision engineering and proprietary magnetic material technology with Tata AutoComp's manufacturing infrastructure and OEM rel...

News  Updated at: 2026/05/29

Benteler deepens strategic partnership with SHAC Benteler Group (Benteler) has signed a memorandum of understanding with Shanghai Huizhong Automotive Manufacturing Co., Ltd. (SHAC), part of the SAIC Motor network, to deepen their strategic collaboration. The agreement builds on more than 25 years of successful collaboration within the joint venture Shanghai Benteler Huizhong Automotive Co., Ltd. established in 2022. The portfolio includes chassis...

News  Updated at: 2026/05/28

Stellantis to incorporate former Punch Powertrain joint venture into European business structure On May 26, FIOM-CGIL and FISMIC unions announced that from July 1, 2026, the former Punch Powertrain JV will become part of Stellantis Europe. Around 770 workers at the Mirafiori plant, which produces electrified dual-clutch transmissions, will be included. The plant will become an internal unit of Stellantis Europe. About 50 current employees and man...

News  Updated at: 2026/05/28

Webasto to acquire 30% stake in Chinese joint venture with Zhejiang Fujia Technology Webasto SE (Webasto) has signed an agreement to acquire a 30% stake in a newly established joint venture with Chinese glass manufacturer Zhejiang Fujia Technology (FJT). The partnership aims to jointly develop and produce Fixed Transparent Modules (FTMs), fixed glass roof systems, for the fast-growing Chinese market. It combines Webasto’s expertise in vehicle r...

News  Updated at: 2026/05/27

Bosch – Mitsubishi joint venture launches first Battery-as-a-Service project in China Bosch MC Battery Service Innovations GmbH, a joint venture (JV) between Robert Bosch GmbH (Bosch) and Mitsubishi Corporation (Mitsubishi), has secured its first customer for its “Battery as a Service” (BaaS) solution in China with the inauguration of an energy service hub in Chizhou, Anhui. The facility is operated by Shanghai Lingzhou Technology Co., Ltd....

News  Updated at: 2026/05/26

Brembo - Ningbo Huaxiang partner to localize Sensify braking technology in China Brembo N.V. has signed joint venture agreements with Ningbo Huaxiang Electronic Co., Ltd. (NBHX) to localize its Sensify braking system in China. The closing is subject to customary regulatory approvals. Both parties will support the local industrial deployment and large-scale application of Sensify in the Chinese market, advancing the intelligent braking technology ...

News  Updated at: 2026/05/25

Ford Energy takes ownership of former BlueOval SK battery plant On May 21, Ford Energy, a new wholly owned subsidiary of Ford Motor Co., announced that it has assumed ownership of the battery production plant in Glendale, Kentucky, following the closing of the BlueOval SK joint-venture disposition agreement.  The sprawling plant, which successfully ran EV battery production until December 2025, is now renamed Ford Energy Systems. Retooling will ...

News  Updated at: 2026/05/23

Ford BlueOval City EV battery plant becomes SK On Tennessee On May 21, a subsidiary of South Korean battery manufacturer SK On took full ownership of the battery plant at BlueOval City in Stanton, Tennessee, marking an end to the company’s joint U.S. battery manufacturing venture with Ford Motor Company. The 4-million-square-foot battery plant located on Ford’s campus is now owned and operated by the newly formed SK On Tennessee. The new comp...

News  Updated at: 2026/05/23

st competitiveness through shared supplier bases, and plan to share capacity at the Madrid and Zaragoza (Spain) plants.     •  With its partner Dongfeng, Stellantis will produce two Peugeots and two Jeep models for sale in China and other regions. The company also intends to create a European joint venture with Dongfeng, 51% Stellantis-owned, to collaborate on distribution, engineering, sourcing and capacity sharing at the Rennes (France) p...

News  Updated at: 2026/05/22

Hesai, China, announces new design win from European OEM On May 20, Hesai Group announced that it has secured a new design win from a top-tier European automaker. The new order exceeds 1 million units and covers more than 10 models across the OEM's joint venture brands in China.  Hesai ATX is a compact long-range lidar delivering exceptional performance for ADAS. Designed for L2 ADAS applications, ATX delivers long-range sensing performance and ...

News  Updated at: 2026/05/21

Bosch, Brakes India, and Wheels India announce JV for air systems for commercial vehicles On May 21, Bosch Limited, Brakes India Private Limited (BIPL), and Wheels India Limited (WIL), subsidiaries of the TSF Group, announced a joint venture to drive growth in air systems for commercial vehicles. The joint venture will be a 50:50 partnership between Bosch and TSF Group companies (represented by Brakes India and Wheels India), aiming to commence o...

News  Updated at: 2026/05/21

Stellantis and Dongfeng expand partnership with new EV joint venture in Europe On May 20, Stellantis and Dongfeng Motor Group signed a non-binding Memorandum of Understanding (MoU) to expand their long-standing partnership. They plan to create a new joint venture in Europe to handle sales, production, and development of Dongfeng’s new energy vehicles (NEVs). The new company is expected to be mostly controlled by Stellantis, with a 51/49 split. ...

News  Updated at: 2026/05/20

Nissan considers exporting China-built EVs to Canada Nissan is planning to export EVs built at a joint venture with Dongfeng Motor Group to several markets, including Brazil and Mexico, and potentially Canada, according to recent comments by Christian Meunier, Nissan’s head of the Americas.  The Canadian government agreed in January to allow as many as 49,000 Chinese-built EVs into the country annually. Tesla and Geely’s Lotus have already t...

News  Updated at: 2026/05/20

GM and Samsung SDI pause New Carlisle, Indiana battery plant construction On May 15, local officials in St. Joseph County, Indiana confirmed that General Motors and Samsung SDI are planning to pause construction of their planned USD 3.5 billion joint venture battery cell plant in New Carlisle, Indiana. Bill Schalliol, executive director of economic development for St. Joseph County, said the county is aware that site operations are expected to go...

News  Updated at: 2026/05/20

VECV, India raises stake in telematics JV VE connected solutions to 74% On May 18, VE Commercial Vehicles Limited (VECV), a material unlisted subsidiary of Eicher Motors Limited, approved the acquisition of an additional 23% stake in VE Connected Solutions Private Limited (VECS), formerly known as Aquila Mobility Solutions Private Limited, from joint venture partner iTriangle Infotech Private Limited. The acquisition involves a total consideratio...

News  Updated at: 2026/05/19

has agreed to purchase all of Elevra's rights and interests in the Ewoyaa Project. Selling its interests in the Ewoyaa Project allows Elevra to sharpen its focus on core North American assets while simplifying its corporate and operational structure by removing complexities associated with Ewoyaa's joint-venture ownership framework and offtake arrangements. Based on Elevra Lithium Limited press release...

News  Updated at: 2026/05/19

ring Research Institute Co., Ltd. (CAERI) held an inauguration ceremony for CAERI (Zhejiang) Automotive Technology Co., Ltd. and a seminar on safety and wind tunnels in Ningbo. CAERI (Zhejiang) Automotive Technology Co., Ltd., a CAERI holding subsidiary in the Yangtze River Delta region and a 60:40 joint venture (JV) between CAERI and Geely Automobile Research Institute (Ningbo) Co., Ltd., specializes in automotive safety and wind tunnel testing....

News  Updated at: 2026/05/19

Archion, Hino–Mitsubishi Fuso JV, targets over 50% domestic share; Challenges Isuzu group’s stronghold Archion Corporation (Archion), a joint venture between Hino Motors Limited (Hino Motors) and Mitsubishi Fuso Truck and Bus Corporation (Mitsubishi Fuso Truck and Bus), aims to achieve a market share of over 50% in the domestic Japanese market in and after fiscal 2029. It anticipates that the impact of consolidating development, purchasing, a...

News  Updated at: 2026/05/19

ootprint. Both companies will also continue their long-term cooperation in areas such as braking and safety systems, new energy intelligent sensors, suspension systems, and autonomous driving perception system components. The company also highlighted progress in its local partnerships in China. Its joint venture with Horizon Robotics, neueHCT, has advanced from technology development to mass production. Its "HCT Luna" and "HCT Astra" assisted dri...

News  Updated at: 2026/05/18

MINI drivers who initiate charging with Plug & Charge or the My BMW App will receive 20% off charging sessions through September 30, 2026.  The offer is meant to support all current BMW EV owners ahead of the launch of the next-generation BMW iX3, which arrives later this year. IONNA, the charging joint venture founded by eight global automakers including BMW, has rapidly expanded its U.S. footprint and now operates more than 1,000 charging bays...

News  Updated at: 2026/05/16