Spain awards EUR 41 million to 21 companies under PERTE VEC III On May 27, the Ministry of Industry and Tourism, Spain, provisionally awarded EUR 41 million in the value chain section of the third call for proposals for the Electric and Connected Vehicle PERTE to 21 companies. The objective of this line is to promote investment plans for the industrial value chain of electric and connected vehicles, their systems, subsystems, and components, as w...

News  Updated at: 2025/05/27

ancial support in overcoming previous funding challenges and strengthening Indonesia’s position in the project. The project is viewed as promising, with strong potential for returns, job creation, and economic impact. The government envisions a fully integrated, domestically controlled EV battery value chain managed by both Huayou and CATL, covering everything from mining to battery production. This initiative, called the “green package,” r...

News  Updated at: 2025/05/27

ogram is projected to contribute AED 100 billion to Abu Dhabi’s GDP by 2045, attract over AED 8 billion in FDI, and create 7,000 high-skilled jobs. The inclusion of advanced R&D and engineering centres, as well as participation from Tier 1 and 2 suppliers and premium OEMs, ensures that the entire value chain, from design and manufacturing to aftersales, generates sustained economic impact and long-term industrial competitiveness. The ecosystem ...

News  Updated at: 2025/05/26

, the two parties will jointly study the development of in-depth cooperation in the UAE, including the plans for vehicle exports, sales, after-sales service, and technical cooperation of complete vehicle products. Haima aims to promote its zero-carbon emission automotive ecosystem across the entire value chain in the region. The first batch of vehicles from Haima Automobile’s partnership with BDG Investment Group will include the Haima 7X, Hai...

News  Updated at: 2025/05/22

of industry investment, and reduced trade barriers. The company saw PHEVs as a practical entry point for consumers new to electric mobility while reaffirming its focus on sustainability. BMW echoed the call for flexible and inclusive policies, reaffirming its commitment to sustainability across the value chain and its global target to cut carbon emissions by 40 million tons by 2030. Honda, Toyota, MG, and Changan stressed collaboration with the g...

News  Updated at: 2025/05/21

d non-essential accessories, decorations, and equipment that do not impact vehicle performance or safety. Future project applications will face stricter evaluation, with a greater emphasis on verifying that “essential production processes” take place within Thailand. This move aims to encourage value-added investment, advanced manufacturing technologies, and local supply chain development. Additionally, applications will be subject to tighter...

News  Updated at: 2025/05/20

Tuopu Group completes acquisition of Changpeng Auto Ningbo Tuopu Group Co., Ltd. (Tuopu Group) completed the delivery of and corporate registration information amendments to its acquisition of 100% equity in Wuhu Changpeng Auto Parts Co., Ltd. (Changpeng Auto). The acquisition, at a total transaction value of CNY 330 million, is expected to increase Tuopu Group’s future sales by CNY 1.5-2 billion, further expanding the market share of its inter...

News  Updated at: 2025/05/19

Changan inaugurates NEV hub in Thailand On May 16, 2025, Changan Automobile officially inaugurated its first comprehensive overseas new energy vehicle (NEV) production base in Rayong, Thailand. The facility will serve as a manufacturing hub for ASEAN and global right-hand drive markets, while supporting over 30,000 jobs across the value chain. The significant investment of THB 10 billion underscores Changan’s long-term commitment to Thailand a...

News  Updated at: 2025/05/19

Vianode, Norway partners with Fortum Battery Recycling, Finland to build recycling value chain for EV batteries On May 13, Vianode signed a memorandum of understanding (MoU) with Fortum Battery Recycling, a specialist in recycling valuable metals from electric vehicle (EV) batteries, to build a sustainable recycling value chain for EV batteries. Under the agreement, Vianode and Fortum Battery Recycling will collaborate to secure high-quality recy...

News  Updated at: 2025/05/14

ion electric vehicle (EV) investment project in Ontario, including a proposed EV battery plant and retooled vehicle assembly facility. Honda Canada spokesman Ken Chiu said that due to the recent slowdown in the EV market, Honda has announced an approximate two-year postponement of the comprehensive value chain investment project in Ontario. “The company will continue to evaluate the timing and project progression as market conditions change,”...

News  Updated at: 2025/05/14

lion units, reflecting an increase in sales mainly in Asia. Automobile unit sales target has been revised downward to 3.62 million units mainly due to a decrease in Asia. As the growth of the electric vehicle market has been slower than initially expected, Honda reviewed the timing of comprehensive value chain project in Canada and decided to postpone large-scale investments there. Details of the trajectory change of electrification strategy will...

News  Updated at: 2025/05/13

, the President of Galicia presented the newly approved 2025–2027 Automotive Master Plan, which outlines key actions to support the region’s automotive sector through the current transformation in global mobility. The plan includes 67 measures to be implemented through 2027, covering the entire value chain—from parts suppliers to vehicle sales. Stellantis also welcomed the Galician government’s 2024 Supplier Aid Plan, which aims to increa...

News  Updated at: 2025/05/09

l manufacturing project is scheduled for groundbreaking this May and vehicle roll-off this fall. Upon commissioning of the project, the annual vehicle production volume of SAIC Motor’s Lin-gang site will ramp up to 280,000 units, which is expected to directly or indirectly boost the annual output value of the local automotive industry chain by CNY 50 billion. From an LSAA press release...

News  Updated at: 2025/05/09

“smart cars” is typically associated with “EVs.” VW Group’s strategy may inspire a rethink. Its success or failure will significantly impact other automakers’ transition timelines. Impact Industry Restructuring The industry structure will undergo a reshaping, particularly in the supply chain and in the competition for technology standards. Established automakers might collaborate on “smart ICE” standards to challenge Tesla’s EV...

News  Updated at: 2025/05/09

SUBCON Thailand 2025 to spotlight regional industrial parts sourcing power and xEV growth Announced on May 6, 2025, Thailand Board of Investment (BOI) and its partners will host SUBCON Thailand 2025, ASEAN’s premier industrial parts exhibition, from May 14–17 in Bangkok.  Now in its 19th year, the event, themed “The Global Sourcing Excellence,” will showcase Thailand’s supply chain strengths in key sectors such as automotive, electrifi...

News  Updated at: 2025/05/09

ans as needed based on future developments. As shared on March 31, 2025, the expected impact of U.S. tariffs led to a slight downgrade in wholesale volume guidance. However, the company still expects modest volume growth for 2025 compared to last year. Aston Martin remains focused on maximizing the value of each vehicle sold and building a strong order book, with retail sales likely to exceed wholesale deliveries this year. In Q2 2025, performanc...

News  Updated at: 2025/05/07

e, sustainable energy storage solutions. This includes studying the integration of Beyonder’s advanced cell chemistry with Leclanché’s water-based electrode binding processes. The integration of Beyonder’s and Leclanché’s technologies aims to accelerate the process of bringing the battery value chain to Europe. Based on Beyonder AS press release ...

News  Updated at: 2025/05/05

he BASF investment will be in a high double-digit million-euro range. A close cooperation partner of BASF is currently building a new chip production plant in Europe. These chips are used in automotive, mobile communications, and AI chip applications. BASF is investing in the semiconductor chemical value chain based on mutual long-term customer-supplier commitments with its strategic partners. The production plant, backed by rigorous quality cont...

News  Updated at: 2025/04/29

research construction projects in Germany. In the future, the research building will focus on developing cost-effective and eco-friendly manufacturing processes for current and future cell technologies on gigawatt-scale production lines. Industrial companies along the entire battery cell production value chain will be able to test and optimize process steps with scientific support. Based on Fraunhofer FFB press release...

News  Updated at: 2025/04/25

ish this fully-owned subsidiary. Posco Future M will produce natural-graphite-based anodes at its Sejong Special Self-Governing Province plant, utilizing the spherical graphite to be mass-produced at the new company. This investment will allow Posco Future M to internalize a key step in the battery value chain and make its anode material business more competitive and a basis to improve profitability more solid. (Based on several releases dated Ap...

News  Updated at: 2025/04/24