on January 16, 2024) Joint Ventures Innoplate joint venture inaugurated new production site in Haguenau-Schaeffler announced that Innoplate, its 50/50 joint venture with Symbio, inaugurated a new production site for fuel cell bipolar plates (BPP) in Haguenau, France. With an initial production capacity of 4 million plates, Innoplate aims to reach an annual capacity of 50 million plates by 2030. Innoplate began production in the first quarter of ...

Major Suppliers  Updated at: 2025/05/09

es-The Company announced structural measures in Europe to increase its long-term competitiveness amid the challenging market environment. The measures focus on increasing earnings from the Bearings & Industrial Solutions division, realizing synergies from the merger with Vitesco, and realigning capacity due to the declining volume in ICE technology and the weakening of new e-drive programs in Europe. The restructuring will affect approximately 4,...

Major Suppliers  Updated at: 2025/05/09

outh Korea’s Posco agreed to provide the Company with its PosZET GIGA technology. The technology makes it possible to apply PosZET, a welding solution for ultra-high-hardness coated steel sheets for automobiles, to welding "giga steel.” Giga steel is an ultra-high-strength steel with a load capacity of over 100kg per 1 square millimeter. The PosZET GIGA solution can more than double the corrosion resistance and the durability of car parts whe...

Major Suppliers  Updated at: 2025/05/08

tation system and high-standard sewage treatment equipment, the entire plant is designed as an intelligently operated facility with an FM-certified fire extinguishing system, green energy, and energy-saving products. (From a press release dated May 31, 2024)-The Company has increased production capacity at its Rakovník plant in the Czech Republic with ten new fully automated SMT (surface mount technology) machines for manufacturing printed circu...

Major Suppliers  Updated at: 2025/05/07

by new product launches and higher prices, partly offset by negative customer and model mix. 2) Operating Income-For the fiscal year ended December 31, 2024, the Company’s operating income increased by 41.9% over the previous year to USD 979 million. The increase was mainly driven by reduced capacity alignment accruals, lower R&D expenses, and higher gross profit, which was due to lower costs for labor, premium freight and waste and scrap, as ...

Major Suppliers  Updated at: 2025/05/07

31, 2023 Capital Expenditure 90.0 75.5 Capital Investment [Japan, Kofu Factory] Started 300mm wafer fabrication for power semiconductors Schedule: Start of operation in April 2024, mass production in 2025 Production items: Power semiconductors such as IGBTs and power MOSFETs Production capacity: approximately double the current capacity Detailed news [India] To build JV post-process assembly plant In Sanand, Gujarat, India Joint ventur...

Major Suppliers  Updated at: 2025/05/07

system, rolled off the production line at the new plant. Jointly established by Dongshi Motor Technology Group Co., Ltd. (Dongshi Group) and ZF Group (China) in 2005, ZF Dongfeng mainly designs, manufactures, and sells shock absorbers for light-, medium-, and heavy-duty trucks, with an annual capacity of 4 million units.(From a Dongshi Group press release dated August 26, 2023) -ZF announced that the new Phase II plant buildings of ZF Automot...

Major Suppliers  Updated at: 2025/05/07

l Contribution Award from Toyota Asahi India commence production at Patan, Gujarat plant in FY 2020-21 AGC reports business impact of Russia-Ukraine crisis AGC reports operational situation in Ukraine and Russia AGC to supply Low-E coating panoramic sunroof for Lexus RZ AGC to reduce production capacity in Europe through profitability improvement measures for automotive glass business AGC Inc.'s second quarter results (cumulative) Asahi India upd...

Major Suppliers  Updated at: 2025/05/07

in Tokyo from February 28 to March 1, 2024. OPmobility’s 150kW FCM (fuel cell module) for trucks of 16 tons and over will be showcased in Asia for the first time. It includes an NM12 Twin fuel cell stack, developed by EKPO, that takes hydrogen and oxygen from the air to instantly generate electricity used to power the electric motor. The fuel cell is incorporated into a system that manages all the associated functions, including thermal contro...

Major Suppliers  Updated at: 2025/05/06

he closure of its all-wheel drive site in Köping, Sweden. In addition, the division continued to expand its new production facility in Miskolc (Hungary) to support the transfer of Driveline assembly capabilities from Mosel plant in Germany. -The division also continued to expand its production capacity in plants in Celaya and Villagran, Mexico between 2020 and 2024. This included the addition of a 54,000-square-meter building extension in Villag...

Major Suppliers  Updated at: 2025/05/03

t-Gobain sells Freeglass to HF Opportunities Saint-Gobain and Addionics, Israel to develop solid-state lithium-ion batteries Saint-Gobain Sekurit to develop windows of Hopium Machina Saint-Gobain, UK to invest in electric cars and charging points Saint Gobain increases its flat glass production capacity in China Saint Gobain enters into very high temperature thermal insulation market Saint-Gobain inaugurates new flat glass production plant in Ind...

Major Suppliers  Updated at: 2025/05/01

foster the development of electronic components for Kostal North America's four plants in Mexico. (Mexico Industry and Cluster Industrial press releases on March 6, 2024) New factory in Morocco-The Company announced that KOSTAL Morocco (KOMOR) inaugurated its new assembly plant in Tanger Automotive City (TAC) on January 16, 2024. It is located on a plot of 50,000 sqm and has an area of 12,500 sqm with the possibility of future expansion. After it...

Major Suppliers  Updated at: 2025/05/01

06 Acquired Depco International Inc. Dec. 2006 Acquired the North American automotive body and chassis operations of ThyssenKrupp Budd Company. Feb. 2009 Completed the acquisition of certain assets of the SKD Automotive Group including a facility in Jonesville, Michigan and a facility in Mexico City, Mexico. Jul. 2011 Acquired Honsel AG and formed Martinrea Honsel. Nov. 2018 Established Martinrea Automotive Japan Inc. Mar. 2020 Acquire...

Major Suppliers  Updated at: 2025/04/28

ter pump seals and gaskets-Front and rear crankshaft seals-Camshaft sealsFreudenberg e-Power Systems -Fuel cells and battery systems for commercial vehiclesFreudenberg Chemical Specialities-Lubricants and release agents for the following: Brake systems Steering systems Chassis systems Constant Velocity (CV) joints Drive trains Seats Tires Gearboxes Clutches -Corrosion protection coatings-Decorative finishing of metal and plastic parts-Modular c...

Major Suppliers  Updated at: 2025/04/26

omous service, and 30 more cities are planned to follow. It will also establish a production facility in Croatia for the large-scale production of autonomous vehicles.(From a press release dated February 13, 2024) Porschefor EyeQ6 SoC and cameras -Porsche announced that it is enhancing ADAS for city driving, focusing on freeway and traffic jam support. Currently at level 2, Porsche is developing level 2+ where drivers can momentarily remove ...

Major Suppliers  Updated at: 2025/04/26

expenditures to be approximately USD 950 million for the fiscal year ending December 31, 2025. Investment outside the U.S. -The Company announced that it is expanding and modernizing its Napanee, Ontario, plant to meet the diverse needs of the EV and all-terrain markets, and boost production capacity to 2 million tires per year. The Company began construction on its expansion earlier in 2024, which it expects to complete by the middle of 2027....

Major Suppliers  Updated at: 2025/04/25

evelopment Program performance-based grant. (From a MEDC release on May 2, 2024)New R&D facility in Troy for Magna New Mobility and Magna Steyr-Company subsidiaries Magna New Mobility USA, Inc. and Magna Steyr USA Inc. announced that they are establishing a new R&D facility with office space in the city of Troy, Michigan, U.S. The facility will comprise manufacturing and laboratory space as well as administrative offices. The project is expected ...

Major Suppliers  Updated at: 2025/04/25

he plant has been producing chassis modules and welded assemblies since 2006. (From a press release dated October 23, 2024) -The Company has officially inaugurated a new pressing plant in Pune, India, in July 2024. The new facility will enable the company to focus on increased production capacity and efficiency to meet the growth of the Indian market.(From Benteler social media updates on August 16, 2024) -The Company has officially opene...

Major Suppliers  Updated at: 2025/04/25

onverter-The Company announced it is now offering a higher power version of its low-voltage 48-volt DC/DC converter for commercial and off-highway vehicles that is designed to withstand the harsh environments in which those vehicles operate. The new converter has up to 40 amps of output current capacity and can be installed on the vehicle in areas subject to harsh conditions, including frame rails, battery and engine compartments. The DC/DC conve...

Major Suppliers  Updated at: 2025/04/23

India and global markets. It is already supplying high-quality components, such as integrated body control modules (iBCM) to the key automakers in India. (Based on a press release dated August 13, 2024)-The Company has opened a new production plant in the industrial zone in the Northwestern Tangier city in Morocco, with a total investment of MAD 450 million (USD 45 million). Its construction began in summer 2023. This 6-hectare facility will crea...

Major Suppliers  Updated at: 2025/04/23