t such a plan would only be acceptable if the venture used Ontario-made auto parts and assembled the vehicles with Ontario autoworkers. Stellantis bought a 20% stake in Leapmotor in 2023, and in 2024 formed the Leapmotor International joint venture, focused on global production and sale of EVs. The JV plans to start producing Leapmotor SUVs later in 2026 at a Stellantis plant in Zaragoza, Spain, near a battery plant Stellantis is building with CA...

News  Updated at: 2026/04/03

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

Toyota plans to join Daimler Truck and Volvo Group in fuel cell JV cellcentric On March 31, Toyota Motor Corporation signed a non-binding agreement with Daimler Truck AG, Volvo Group, and cellcentric to collaborate on fuel cell technologies. Under the agreement, Toyota will join cellcentric as an equal-share partner alongside Daimler Truck and Volvo Group. The collaboration aims to leverage the combined expertise of all parties to develop, produc...

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

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

Rivian-VW JV RV Tech completes winter testing of first generation SDV architecture On March 27, VW Group Technologies and Rivan JV firm RV Tech completed winter testing of its new zonal architecture for the first generation of software-defined vehicles (VW ID.EVERY1 as reference vehicle). Testing took place over several months in Phoenix, USA, and Arjeplog, Sweden. The program had two phases. In Arizona, engineers finalized important software fea...

News  Updated at: 2026/03/27

Aztema starts production at Guanajuato plant On March 24, Aztema, a JV between Tire Direct, Mexico and Sailun Group, China delivered its first tire shipment from its Irapuato plant, marking the formal start of production operations in Mexico. The facility integrates world-class technology with Mexican talent to manufacture tires meeting international standards. The company's initial portfolio includes two brands: Nobhex, focused on resistance and...

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

Bosch, Tata Autocomp to form 50:50 JV for e-axles and electric traction motors in India On March 18, 2026, Bosch Limited announced that its board had approved entering into a joint venture with Tata Autocomp Systems to set up a 50:50 JV company in India to manufacture, sell, and provide after-sales service for e-axles and electric traction motors, with scope to add more products over time. The JV will be incorporated as a private limited company,...

News  Updated at: 2026/03/18

s to its production mix by the end of the year. While the Spring Hill plant will still produce automotive batteries for GM, adding flexibility will keep its lines busy even if EV demand remains low. LGES is retooling four other EV battery plants in North America, including two in Michigan, its Ohio JV with Honda Motor Co., and one in Windsor, Canada, formerly a JV with Stellantis NV, to make LFP cells for stationary storage systems.  Ultium Cell...

News  Updated at: 2026/03/18

Hydro announces controlled shutdown of aluminium production at its JV in Qatar On March 3, Norsk Hydro ASA (Hydro) announced a controlled shutdown of aluminum production at its joint venture, Qatalum, in Qatar. After confirmation from its gas supplier about continued reduced supply, Qatalum will stop further curtailment and keep aluminium production at about 60% capacity. Together with continuing operation at around 60%, this improves conditions ...

News  Updated at: 2026/03/13

in Ohio which was to provide a supporting role in EV production, but still has the Sony Mobility AFEELA planned for production  •  Georgia Transmission Plant which was to produce E-axles  •  Anna Engine Plant in Ohio which was to produce battery housings  •  LH Battery Plant in Ohio, a JV of Honda and LG Energy solutions While no information was yet communicated on operational changes or goals at these plants, Honda said that it will...

News  Updated at: 2026/03/13

g its presence in Uzbekistan through two new agreements. The company will start CKD production of the Daily minibus with Asaka Motors International LLC. Production is expected to begin in May 2026. The distribution of Iveco Bus vehicles across the country will be handled by Asaka EFVI Truck and Bus JV LLC. The partners plan to sell 500 units in the first year and increase production and sales to 1,000 units per year within three years. At the beg...

News  Updated at: 2026/03/10

Minda Corporation, Turntide, UK to co-develop advanced EV motor controllers in India On March 9, Minda Corporation announced that its wholly owned subsidiary Spark Minda Green Mobility Systems Private Limited has signed a joint venture agreement with UK‑based Turntide Drives Limited to develop and manufacture advanced powertrain components for India’s EV market. The new India‑incorporated JV will build new‑generation high and low‑voltag...

News  Updated at: 2026/03/10

units, Buses sales represented a 21.9% decrease to 478 units. Among the five largest passenger car brand in Russia in February 2026, Lada sales were down 22.4% to 19,070 units, Haval sales were up 6.1% to 10,153 units, TENET sales were 8,628 units, Geely sales were down 7.4% to 5,075 units, BelGee (JV of Belarus state and Geely) sales were up 134.9% to 4,694 units. (Based on Avtoselkhozmash Holding press release on March 9, 2026) 1 / 2...

News  Updated at: 2026/03/10

its, Buses sales represented a 10.4% decrease to 568 units. Among the five largest passenger car brand in Russia in January 2026, Lada sales were down 28.6% to 19,669 units, Haval sales were down 9.3% to 10,731 units, TENET sales were 8,959 units, Geely sales were down 23.4% to 5,183 units, BelGee (JV of Belarus state and Geely) sales were up 62.3% to 2,948 units.(Based on Avtoselkhozmash Holding press release from March 3, 2026) 1 / 2...

News  Updated at: 2026/03/03

Gabriel India JV in fasteners business becomes subsidiary with 51% stake On February 27, Gabriel India Limited announced that Jinhap Gabriel Auto India Private Limited (JGAIPL), its joint venture with Jinos Co., Ltd., has become a subsidiary after the allotment of equity shares in a 51:49 ratio to Gabriel and Jinos, respectively.  The JV will undertake engineering, design, development, manufacturing, import, export, assembly, marketing, sales, a...

News  Updated at: 2026/03/02