NORMA Group to start voluntary redundancy program in Germany On December 16, NORMA Group announced that it has reached an agreement with the Group Works Council on a voluntary redundancy program in Germany. The agreement is valid for salaried employees of NORMA Group’s sites in Maintal and Marsberg, Germany.  The purpose of the agreement is to generate savings in personnel costs in a manner that is as socially acceptable as possible. The volun...

News  Updated at: 2025/12/22

CATL, Voyah forge 10-year partnership Contemporary Amperex Technology Co., Ltd. (CATL) signed a 10-year agreement on deepening cooperation with Voyah in Ningde, Fujian. The two companies will launch long-term cooperation in areas such as new technology application, product supply, brand synergy, and global market expansion.Under the agreement, on the technology side, CATL will provide Voyah with battery technology to promote the application of it...

News  Updated at: 2025/12/22

Ford cancels USD 6.5 billion LGES battery contract for axed new-gen E-Transit On December 16, LG Energy Solution (LGES) announced in a regulatory filing that Ford Motor has terminated its long-term EV battery supply agreement, citing changes in the policy environment and weakening demand for EV. Under contracts signed in October 2024, LG Energy Solution was to supply 34 GWh of batteries to Ford from 2026-30 and an additional 75 GWh from 2027-32 ...

News  Updated at: 2025/12/18

FORVIA HELLA and onsemi extend partnership on next-gen power technology onsemi and Hella GmbH & Co. KGaA (FORVIA HELLA) have signed a long-term agreement to adopt onsemi’s PowerTrench T10 MOSFET technology across FORVIA HELLA’s advanced automotive platforms. The T10 power MOSFETs are manufactured at onsemi’s state-of-the-art facility in East Fishkill, New York, USA. With ultra-low conduction and switching losses, it delivers significant imp...

News  Updated at: 2025/12/17

Kumho Tire signs investment agreement regarding new tire plant in Hampyeong-gun, South Korea Kumho Tire Co., Ltd. has signed an investment agreement regarding the construction of a new tire plant in Hampyeong-gun, Jeollanam-do, South Korea, with the governments of Jeollanam-do and Hampyeong-gun. Under the agreement, the company will invest KRW 660.9 billion (JPY 72.7 billion) to secure an annual production capacity of 5.3 million tires. The new p...

News  Updated at: 2025/12/15

Verkor, France and EDF sign agreement for clean electricity On December 4, Verkor and EDF signed a twelve-year nuclear production allocation contract (CAPN). The twelve-year contract allocates Verkor a share of the operating capacity of EDF's nuclear power plants, reaching 33 MW, in exchange for a sharing of costs and risks related to the volumes produced. The first deliveries are scheduled to begin in 2028. The signing of this contract allows Ve...

News  Updated at: 2025/12/08

Canada had pledged more than CAD 500 million (USD 358 million) to Stellantis to help pay for capital costs in both the Brampton and Windsor assembly plants.  Stellantis spokesperson LouAnn Gosselin replied that it "continues to engage with the government in the dispute resolution process under the agreement. We are working towards our shared objective of securing a long-term, sustainable future for automotive manufacturing in Canada, including i...

News  Updated at: 2025/12/06

Symbio, France, announces restructuring, to continue operations On December 3, Symbio announced a major restructuring to ensure the long-term viability of its industrial and technological operations. Following Stellantis' withdrawal as a customer for all of its hydrogen-related activities, its three shareholders, Forvia, Michelin, and Stellantis, approved a new business plan with a refinancing agreement, allowing Symbio to continue operating.  I...

News  Updated at: 2025/12/05

Naza Group ends Maserati operations in Malaysia, prioritizes core brands and new growth areas Reported on December 2, 2025, Naza Italia has announced that it will end its role as Maserati’s importer and distributor in Malaysia, having formally notified Maserati SpA in line with the 180-day requirement under their 2009 agreement. The company said the move aligns with Naza Auto’s strategy to refocus on core brands and new growth areas, position...

News  Updated at: 2025/12/04

WLY, Shaanxi Auto forge strategic partnership Zhejiang Wanliyang Co., Ltd. (WLY) signed a strategic cooperation agreement with Shaanxi Automobile Holding Group Co., Ltd. (Shaanxi Auto) to enter into a long-term partnership for commercial vehicles.Under the agreement, the two companies will strengthen cooperation in areas such as diversification of powertrain solutions, application of new energy technology, and industrial chain synergy. They will ...

News  Updated at: 2025/12/02

U.S. to hold public hearings as part of USMCA renewal The U.S. is holding public hearings this week in Washington D.C. as part of a mandatory review of the U.S.-Mexico-Canada Agreement (USMCA), as it’s known in the U.S, or Canada-U.S.-Mexico Agreement (CUSMA) as it is known there. The formal review of the agreement is due to start July 1, 2026. Canadian Prime Minister Mark Carney is considering a trip to Washington next week, though he says ren...

News  Updated at: 2025/12/02

e Malaysia Automotive Robotics & IoT Institute (MARii) at the 2025 Global Automotive and Technology Expo (GATE 2025). The partnership focuses on developing a National Automotive Test Centre (NATC) and providing structured hands-on R&D exposure for 200 Proton engineers and technical staff. Under the agreement, Proton will contribute its Semi High-Speed Test Track in Shah Alam and R&D lab in Tanjong Malim as part of the NATC. Both Proton and MARii ...

News  Updated at: 2025/11/27

Xingyu Lighting, Kingfa Tech forge strategic partnership Changzhou Xingyu Automotive Lighting Systems Co., Ltd. (Xingyu Lighting) signed a strategic cooperation agreement with Kingfa Sci. & Tech. Co., Ltd. (Kingfa Tech). The two companies will deepen collaboration on the green, low-carbon application and system cost optimization of automotive lamp materials and the R&D of new processes and materials to promote the improvement of automotive lighti...

News  Updated at: 2025/11/25

GAC introduces One GAC 2.0 strategy alongside AION V, M8 PHEV, EMZOOM in Australia On November 18, 2025, GAC held its Australian Brand Launch and New Vehicle Debut, introducing its “One GAC 2.0” global strategy and the local initiative “GAC: Growing Australian Confidence.” The company outlined long-term investment plans centered on localized operations, green mobility, and deeper integration into the Australian market. Three global models...

News  Updated at: 2025/11/19

Freudenberg SE releases new Chinese brand logo at 8th CIIE At the 8th China International Import Expo (CIIE), Freudenberg SE exhibited multiple new products and released a new Chinese brand logo. Claus Moehlenkamp, CEO of Freudenberg SE, stated that the company has been developing in China for over 100 years, and that this visual image update reflects its long-term commitment to and cooperation vision for the Chinese market. At the event, Freude...

News  Updated at: 2025/11/12

Schaeffler sells Chinese turbocharger business to Chengdu Xiling Power On November 4, 2025, Schaeffler AG (Schaeffler) signed an agreement to sell its declining Chinese turbocharger business, Vitesco Automotive Shanghai Co., Ltd., to Chengdu Xiling Power Science & Technology Incorporated Company (Xiling), a leading Chinese specialist in turbocharger technology. The business employed around 50 people as of August 2025 and generated revenues of app...

News  Updated at: 2025/11/10

European Council announces deal on 2040 climate goal On November 5, the European Council announced that it has reached an agreement on amending the European climate law (ECL), introducing a binding intermediate climate target for 2040 of a 90% reduction in net greenhouse gas (GHG) emissions, compared to 1990 levels. This new target is a crucial step towards the EU’s long-term goal of achieving climate neutrality by 2050. The amendment also sets...

News  Updated at: 2025/11/06

r due to the expiration of the federal tax credit for electric vehicle (EV) purchases at the end of September, the backlash was evident in October. The continued pressure for price increases due to the impact of tariffs and the expiration of the federal tax credit, it is difficult to expect a short-term recovery in demand, particularly for EVs, from November onwards. Meanwhile, with the tariff negotiations between the U.S. and South Korea reachin...

News  Updated at: 2025/11/04

CATL, JAC Group forge strategic partnership Contemporary Amperex Technology Co., Ltd. (CATL) signed a strategic cooperation agreement on technology, supply, and global expansion with JAC Group.JAC Group’s Maextro-series vehicle models feature CATL batteries such as the Qilin and Freevoy batteries. Centering on JAC Group’s premium supply chain strategy, the two companies will integrate superior resources for in-depth cooperation in the followi...

News  Updated at: 2025/11/04

40 million (from EUR 4.04 billion last year) in the first nine months of 2025. This is mainly due to high costs from the strategy change, weaker demand in China’s luxury segment market, one-off battery-related effects, organisational restructuring, and higher US import tariffs. Following an EU-US agreement, Porsche now faces a 15% import tariff from August 1, 2025. For 2025, Porsche expects revenue of EUR 37–38 billion. Depending on results, ...

News  Updated at: 2025/10/27