pean Innovation Council (EIC) Accelerator program, with the possibility of an additional EUR 10 million equity investment in the next capital raising round.  Chosen among 40 companies out of 1,000 applicants, Basquevolt’s selection validates its potential to become a leading European electrolyte supplier for solid-state batteries. Its electrolyte enables over 50% higher energy density than traditional batteries, improving EV range and safety. ...

News  Updated at: 2025/07/18

lative export earnings close to USD 959 million. In terms of contributions to the state budget, Toyota Vietnam paid over USD 454 million in H1 2025, nearly three times higher than the same period in 2024. Its total accumulated contributions now exceed USD 14.4 billion. Currently, Toyota maintains a supplier network of 61 companies, including 13 Vietnamese firms, producing nearly 1,000 localized components across various product categories. (From ...

News  Updated at: 2025/07/18

Nissan’s announcement of production transfer from Oppama Plant raises concerns among parts suppliers Nissan Motor Co., Ltd. (Nissan) has decided to end vehicle production at its main Oppama Plant (Yokosuka City, Kanagawa Prefecture) at the end of fiscal year 2027. Because of this, there are growing concerns about the future among parts suppliers that have a plant in Kanagawa Prefecture and surrounding areas. Since Nissan will transfer the produ...

News  Updated at: 2025/07/17

the five-seater version but the 1,668 mm height makes it about 40 mm taller. The 3,040 mm wheelbase (120 inches) makes it about 50 mm longer (2.0 inches) between the axles. According to China’s Ministry of Industry and Information Technology’s website on July 16, LG Energy Solution will be the supplier of lithium-ion batteries for the new Model Y L variant, which will have a top speed of 201 km (125 miles) per hour, the same as the regular M...

News  Updated at: 2025/07/17

on. In response to the growing demand for Aeva’s 4D LiDAR, Aeva plans to increase its production capacity to up to 200,000 LiDAR units annually, with the goal of supporting multiple customers including Daimler Truck. The expanded partnership builds on the selection of Aeva as the production LiDAR supplier for Torc Robotics, an independent subsidiary of Daimler Truck AG, and its SAE Level 4 autonomous Freightliner Cascadia trucks, which are now ...

News  Updated at: 2025/07/17

Ola Electric, India to scale cell capacity; no plans beyond 5 GWh until FY 2029 In an investor update, Ola Electric announced the commencement of production for its indigenously developed 4680 cells, which will begin powering its electric vehicles from Q2 FY 2026. The transition from supplier-sourced to in-house cells will be phased through FY 2026, starting this quarter. Ola aims to fully utilize its current 1.4 GWh capacity by the end of FY 202...

News  Updated at: 2025/07/16

le it routinely evaluates strategic opportunities for business growth and expansion, there is currently no material information requiring disclosure. Any such developments, if material, will be disclosed in compliance with applicable laws. Mahindra also clarified that although Uno Minda is a valued supplier, there are no ongoing discussions or plans to collaborate with Uno Minda on rare earth production Based on the Mahindra and Mahindra stock ex...

News  Updated at: 2025/07/14

ElectroMobility Poland (EMP) applies for funding from KPO for electromobility hub and localization On July 7, ElectroMobility Poland (EMP) applied for PLN 4.5 billion funding from the National Recovery Plan (KPO). The application includes PLN 1.4 billion in investments in local supplier development and research and development.  A modern electric car factory, a research and development center, and a European automotive brand with Polish headquar...

News  Updated at: 2025/07/14

TactoTek, Finland partners with TK Group for automotive IMSE film supply chain in China On July 10, TactoTek announced that TK Group (Holdings) Limited, a precision molding company, has joined its IMSE ecosystem as a licensee. The partnership establishes the first automotive-grade IMSE functional film supply chain in China and positions TK Group as a global Tier 1 supplier of finished IMSE products for non-automotive markets. Under the agreement,...

News  Updated at: 2025/07/11

SK Tec inaugurates expansion in Mexico On July 9, it was reported that Japan-based auto parts manufacturer SK Tec inaugurated the expansion of its plant in Irapuato, Mexico, following an investment of USD 19.8 million. The expansion strengthens the company’s role as a Tier 2 supplier in the Mexican automotive value chain and is expected to generate 80 specialized jobs. SK Tec employs 200 workers and focuses on stamping, welding, assembly, and p...

News  Updated at: 2025/07/11

Nissan’s restructuring plans create uncertainty among suppliers Suppliers of Nissan Motor Co., Ltd. (Nissan) are paying close attention to the automaker’s course of action for restructuring and changes in purchasing policy. With the suppliers, which hold the key to Nissan’s supply chain, being invited, a meeting of the Nissho Kai (Nissan’s parts supplier organization) was held in Yokohama City in the afternoon of July 9. Although the top ...

News  Updated at: 2025/07/11

Neo, Canada secures rare earth magnet supply deal with European Tier 1 EV supplier On July 9, Neo Performance Materials Inc. (Neo) announced that it has secured a supply contract for a new platform of permanent rare earth magnets with a leading European Tier 1 supplier of electric vehicle (EV) traction motors for a major OEM. The magnets will be supplied from Neo’s new rare earth magnet plant in Narva, Estonia. The project is expected to gener...

News  Updated at: 2025/07/10

Inteva to invest MXN 150 million to expand plant in Mexico On July 9, it was reported that automotive supplier Inteva announced a MXN 150 million investment to expand its plant in Matamoros, Tamaulipas. The project will generate 500 new jobs and contribute to the economic development of the border region. Inteva manufactures automotive components such as closure systems, interior systems, and electronics. It operates engineering and manufacturing...

News  Updated at: 2025/07/10

tive trade deficit with China of USD 5,068 million in 2024. While China exported USD 5,332 million in vehicles to Mexico, Mexican car exports to China fell to just USD 262 million, their lowest level since 2010. This sharp imbalance reflects China’s growing dominance, as it became the top foreign supplier to Mexico in 2022 and now accounts for 30.1% of Mexico’s imported vehicles, up from just 0.1% in 2014. BYD, among other Chinese brands, has...

News  Updated at: 2025/07/09

US Applied Intuition aiming to become extensive tier-1 software supplier with focus on partnerships with Japanese automakers Applied Intuition (California), a US startup of autonomous driving software and simulation tools, held a press conference in Tokyo on June 2 to announce its activities in the global and Japanese markets. The company is collaborating with Isuzu Motors Limited (Isuzu) and others. Qasar Younis, co-founder and Chief Executive O...

News  Updated at: 2025/07/04

Bharat Forge completes acquisition of AAM India On July 2, Bharat Forge Limited (BFL) announced the completion of its acquisition of AAM India Manufacturing Private Limited at an equity value of INR 7,464.6 million, which includes INR 1,894.8 million in cash held by AAM India. The acquisition follows the company’s earlier announcement on October 17, 2024. AAM India is an automotive components supplier to major OEMs across both traditional and n...

News  Updated at: 2025/07/03

Global EV battery installation Jan- May up 38.5% , top CATL with 38.1% share On July 2, SNE Research announced monthly power battery data for global electric vehicles (BEV, PHEV, HEV) sold in May 2025. From January to May, the global battery installation increased 38.5% to 401.3 GWh. By national origin among top 10 suppliers, Chinese manufacturers accounted for 68.4% of sales, followed by Korean manufacturers at 17.5% and Japanese manufacturers a...

News  Updated at: 2025/07/03

ing capabilities prevent short circuits, overcharging, and overheating issues without the need for additional voltage protection devices. Developed by the company’s multinational R&D team in China, Germany, Romania, and India, the Flatpack will be supplied as a subsystem to EVE, a leading battery supplier in China, and will support mainstream European luxury passenger cars. (From a press release dated July 2, 2025)...

News  Updated at: 2025/07/02

AFRY, Sweden partners with Volvo Cars to support development of next-gen EVs On June 30, AFRY, an engineering, design, digital and advisory services provider, entered into a framework agreement with Volvo Cars as a strategic supplier in engineering. The agreement spans until 2026 and outlines AFRY’s role in delivering product development across all areas of Volvo Cars’ operations. Under the agreement, AFRY will support Volvo Cars with technic...

News  Updated at: 2025/07/01

BYD and Octopus Energy partner for V2G power supply service in U.K. China’s BYD Co. Ltd. (BYD) and Octopus Energy Limited (Octopus Energy), the U.K.’s largest energy supplier, announced at the Energy Tech Summit hosted by Octopus Energy on June 23 that they have entered into a partnership for a “vehicle-to-grid (V2G)” service that offers power supply between electric vehicles (EVs) and electricity power grids. They plan to start the servi...

News  Updated at: 2025/07/01