TDK and Nippon Chemical Industrial establish joint venture to strengthen materials for MLCCs and other applications TDK Corporation (TDK) and Nippon Chemical Industrial Co., Ltd. (Nippon Chemical Industrial) announced on April 2 that they have established a joint venture for electronic component materials and other products. The joint venture will focus on materials for multilayer ceramic capacitors (MLCCs) and other applications. By combining th...

News  Updated at: 2026/04/03

ple familiar with the matter. The development follows on changes in Canadian industrial policy as a result of imposition of tariffs and other pressures from the Trump administration on OEMs to move auto jobs from Canada to the U.S. While the talks are yet in an early stage, if it comes to pass, the joint venture action would represent the first major Chinese auto investment in Canada since Prime Minister Mark Carney reached an agreement with Pres...

News  Updated at: 2026/04/03

GM’s joint venture in China seeks to build vehicles in Mexico General Motors and its Chinese joint venture, SAIC-GM-Wuling, are reported to be in advanced talks to manufacture vehicles in Mexico. The move comes amid shifting trade policies, as Mexico raised tariffs on Chinese imports to 50% in January. The joint venture already ships approximately 130,000 Chinese-built Chevrolet Aveo, Groove, and Tornado vans annually to Mexico, but adding loca...

News  Updated at: 2026/04/03

PLANET and NV Gotion reach MOU for EV and energy storage partnership in Thailand Announced on March 26, 2026, Planet Communication Asia PCL (PLANET) and NV Gotion Co., Ltd. (NV Gotion) entered into a Memorandum of Understanding (MOU) on March 20 for the joint development of electric vehicle (EV) solutions and battery energy storage systems (BESS), supporting clean energy adoption in Thailand and the ASEAN region and contributing to PLANET’s New...

News  Updated at: 2026/04/02

Toyo Seikan and TOPPAN Holdings cancel establishment of Swedish JV for EV battery casing materials On March 31, Toyo Seikan Co., Ltd. (Toyo Seikan) announced the cancellation of its plan to establish a joint venture in Sweden with TOPPAN Holdings Inc. (TOPPAN Holdings) to manufacture casing materials for lithium-ion secondary batteries used in electric vehicles (EVs). In June 2024, Toyo Seikan and TOPPAN Holdings agreed on the establishment of a ...

News  Updated at: 2026/04/02

SK On to name North American battery JV with Hyundai Motor Group “Hyundai SK Battery Manufacturing America” Several South Korean media sources reported that SK On Co., Ltd., a South Korean secondary battery manufacturer, unveiled that it had decided to name its battery joint venture with the Hyundai Motor Group “Hyundai SK Battery Manufacturing America (HSBMA).” The joint venture, established by the two companies on a 50:50 basis, is curr...

News  Updated at: 2026/04/01

Tesla files site plans for Gigafactory Texas campus expansion On March 23, multiple sources reported that Tesla has filed new site plans with Travis County, Texas detailing a significant expansion of its Gigafactory Texas campus, including infrastructure for the recently announced Terafab project, a joint USD 20-25 billion semiconductor fabrication venture between Tesla, SpaceX, and xAI that Musk unveiled on March 21. The filings, which include ...

News  Updated at: 2026/04/01

of dollars in additional payments. A temporary restraining order was issued requiring shipments to continue and preventing a shutdown there, which could have caused layoffs beyond the plant to other suppliers. A hearing in the case is now scheduled for April 6. ZF Foxconn Chassis Modules is a 50/50 joint venture established in 2024 between ZF Friedrichshafen AG and Foxconn, specializing in automotive chassis systems, axle assembly, and logistics....

News  Updated at: 2026/03/31

Lumax Auto Technologies, India, to invest in JV Lumax Alps Alpine India On March 27, 2026, Lumax Auto Technologies has approved an equity investment of up to INR 70 million in Lumax Alps Alpine India Private Limited (LAAIPL), a 50:50 joint venture in which it already holds half the equity, to support the JV's capex, working capital, and general business requirements. The transaction, to be completed in cash within approximately three months, is a...

News  Updated at: 2026/03/30

Foton Motor, COSCO Shipping establish JV On March 26, Guangzhou Yuanfu Automotive Supply Chain Co., Ltd., a joint venture (JV) between Beiqi Foton Motor Co., Ltd. (Foton Motor) and COSCO Shipping Specialized Carriers Co., Ltd. (COSCO Shipping), was officially inaugurated. A roll-on/roll-off (ro-ro) vessel branded with both companies’ logos was also delivered, by which the first 600 Foton Motor pickup trucks will be shipped to South America. The...

News  Updated at: 2026/03/30

Posco to build rare earth value chain in South Korea and abroad Posco International Corporation, a trading company of the Posco Group in South Korea, announced that, partnering with a venture investment specialist within the Posco Group, Posco Investment, it launched its first KRW 25 billion (JPY 2.75 billion) corporate venture capital fund (CVC) to invest KRW 8 billion (JPY 880 million) in a domestic specialist in rare earth separation and refin...

News  Updated at: 2026/03/30

Rivian-VW software JV clears way for USD 1 billion investment after winter test milestone On March 27, the Rivian and Volkswagen Group Technologies’ RV Tech joint-venture announced it has completed a successful winter test program with vehicles including an Audi, a Scout, and ID.EVERY 1 entry-level VW EV, where they “validated the functionality and performance of the electronics and software – an important milestone for the joint venture’...

News  Updated at: 2026/03/28

, including silicon carbide devices, and microcontroller platforms for India‑designed solar inverters, EV fast‑chargers, and energy‑storage systems. The collaboration, announced at the Bharat Electricity Summit 2026 in New Delhi, focuses on product and system‑level integration rather than a joint venture structure and aims to support India’s energy‑transition programmes, such as rooftop solar and public and commercial EV charging, by ...

News  Updated at: 2026/03/26

GM begins turnaround plan in China as SAIC-GM contract approaches expiration SAIC-GM, a joint-venture between GM and SAIC Motor in China, has unveiled a three-year turnaround plan as the joint venture contract approaches its June 2027 expiration date. GM has already absorbed USD 2.7 billion in restructuring charges to slash capacity and improve the lineup, which helped to bring about the joint venture’s fifth straight profitable quarter at the ...

News  Updated at: 2026/03/26

Motherson, India, announces joint venture with Hellmann for global automotive logistics On March 25, Samvardhana Motherson International Limited (SAMIL) signed a joint venture agreement with Hellmann Worldwide Logistics (MESA) Holding Limited, one of the largest family-owned international logistics providers. The JV company will be incorporated in Dubai. It will provide integrated supply chain solutions tailored to the global automotive industry....

News  Updated at: 2026/03/25

Hexagon Purus, Norway, signs financing agreement for CIMC-Hexagon China JV On March 23, Hexagon Purus ASA, through one of its wholly owned subsidiaries, entered into a financing agreement for the Chinese joint venture with its joint venture partner, CIMC Hydrogen Energy Technology LTD (CIMC Enric). CIMC Enric will provide funding for the JV in exchange for a higher ownership share. They also agreed on simplifying the JV structure, with the object...

News  Updated at: 2026/03/24

Tesla CEO Musk announces Terafab chip plant in Austin, Texas On March 21, Tesla CEO Elon Musk announced at the Seaholm Power Plant that his much-anticipated Terafab chip plant will be built near Gigafactory Texas, ending a week of speculation after teasing the project on his social media platform X. Musk said the new Terafab, which will be a joint venture between Tesla, SpaceX and X parent company xAI, will produce the chips to be employed across...

News  Updated at: 2026/03/24

’s Ministry of Industry and Information Technology (MIIT) released the 404th list of the “Announcement on On-road Motor Vehicle Manufacturers and Products”. A number of products of independent automobile brands such as FAW Group, Dongfeng Motor Corporation, Geely, BYD, and BAIC BJEV, as well as joint-venture automobile brands such as SAIC-GM, SAIC-VW, and Beijing Benz, have officially passed the declaration process. From an MIIT press relea...

News  Updated at: 2026/03/23

pe with deliveries starting March 2026. The all-new C-HR+, built on Toyota’s eTNGA platform, comes with two battery options and both front- and all-wheel drive configurations. The new C-HR+ models are equipped with high-capacity lithium-ion batteries supplied by Prime Planet Energy & Solutions, a joint venture owned by Toyota Motor Corporation (51%) and Panasonic Corporation (49%). The front-wheel drive version with a 57.7 kWh battery delivers ...

News  Updated at: 2026/03/20

Toyota Auto Body Fujimatsu Plant introduces eve autonomy’s automatic guided vehicles Toyota Auto Body Co., Ltd. (Toyota Auto Body) has been automating in-plant transportation. Its Fujimatsu Plant (Kariya City, Aichi Prefecture) has reduced 10 personnel per day by introducing a total of 10 automatic guided vehicles of eve autonomy, Inc. (eve autonomy, Iwata City, Shizuoka Prefecture), a joint venture established by Yamaha Motor Co., Ltd. and Tie...

News  Updated at: 2026/03/19