Oben Electric, India raises INR 500 million in extended series A, plans global expansion On June 18, Oben Electric, an electric motorcycle manufacturer, announced it had raised an additional INR 500 million in May 2025 as part of an extended Series A funding round. This comes after an INR 500 million Series A raise in January 2025, bringing the total Series A funding to INR 1 billion and overall funding raised to INR 2 billion. The latest round s...

News  Updated at: 2025/06/18

eTrucks from 2024 onwards MAN completes construction of production hall for new group engine in Nuremberg, Germany MAN Truck & Bus conducting research into mobility of future with leading universities MAN starts long-distance endurance run of new MAN eTruck on public roads MAN Truck & Bus secures funding and expands battery production in Nuremberg MAN Truck and Buses launches Revamp project focusing on second use of commercial vehicle batteries...

OEM Plants  Updated at: 2025/06/18

ed a near-production prototype of the new electric truck to the public for the first time in Nuremberg. MAN is developing comprehensive eMobility solutions that prepare customers for vehicle use at an early stage. MAN is also intensifying its research into hydrogen mobility. The state of Bavaria is funding the "Bavarian Fleet" research project as part of its own hydrogen strategy and is thus accelerating the development of competence. The funding...

OEM Plants  Updated at: 2025/06/18

ing the costs of the plant and its operation, for example by promoting the availability of renewable and affordable energy and ensuring an efficient and adequate logistics infrastructure. On February 12, Automotive Cells Company (ACC) announced the closing of a EUR 4.4 billion debt raising to boost funding for gigafactories in France, Germany, and Italy, along with R&D. The move aims to fast-track ACC's development as a prominent player in the ba...

OEM Plants  Updated at: 2025/06/18

th the Company and the Fraunhofer Institute for High-Speed Dynamics, Ernst-Mach-Institut, EMI in a three-year project called SiKuBa for increased safety of EVs. Started in July 2023, the project aims to make plastic-based battery housings safer through virtual design and receives EUR 2.6 million in funding from the German Federal Ministry for Economic Affairs and Climate Action. It will analyze the formation and propagation of hot gas and particl...

Major Suppliers  Updated at: 2025/06/17

ce the announcement on 27th July 2020 of a restructuring programme that puts up to 650 jobs at risk across all of the company’s UK facilities, ADL has continued its dialogue with the UK and Scottish Governments and other stakeholders. However, there remains no immediate visibility of the stimulus funding urgently required to support operators to place orders, making it necessary to begin the formal consultation on the proposed changes. Followin...

OEM Plants  Updated at: 2025/06/16

Rock Tech receives European funding to lead Lithium Refining Innovation project On June 11, Rock Tech Lithium Inc. announced that it has been selected for funding under the KAVA (Knowledge and Innovation Activities) grant program by EIT RawMaterials. It is the first funding awarded after Rock Tech's Lithium Hydroxide Convertor Guben (LHCG) project has been recognized as a strategic project under the Critical Raw Materials Project by the European ...

News  Updated at: 2025/06/11

coronavirus (Chinese) Digital Intelligence Co-creation Center jointly established by Rising Auto and SAIC Z-One inaugurated SAIC Motor’s three major plants in Shanghai return to pre-epidemic production levels IM Motors to see its valuation grow to nearly CNY 30 billion after completing initial funding round SAIC Roewe launches 3rd-generation RX5/eRX5 compact SUV SAIC inaugurates its AI center in Shanghai and launches high-level autonomous dr...

OEM Plants  Updated at: 2025/06/11

for the first time at the Auto China 2018 show in Beijing BMW may source more U.S. steel after imposition of tariffs BMW says no change In Spartanburg plant expansion plans, prepares new X5 launch BMW releases new BMW X7 BMW considers building second U.S. plant for engines, transmissions U.S. DOT funding to benefit BMW's Spartanburg plant BMW begins pre-sale of U.S.-built fourth-generation X5 SUV in Brazil BMW exports USD 8.4 billion from Spart...

OEM Plants  Updated at: 2025/06/11

used VC fund, British International Investment, U.K.’s dfi, and existing investor, Blume Ventures. This investment will support Vecmocon’s efforts to expand its market presence and focus on advancing capabilities in embedded design, power electronics, IoT, and data science etc. A portion of the funding will also support team expansion and the establishment of international-standard R&D infrastructure for the electric-automotive sector. Based ...

News  Updated at: 2025/06/10

ZF secures GBP 432,000 funding from Welsh Government to modernize Pontypool plant, UK ZF Automotive UK Ltd., a subsidiary of ZF Friedrichshafen AG, announced that the Welsh Government’s Economy Futures Fund will provide GBP 432,000 to modernize a production line at its plant in Pontypool, which primarily manufactures brake calipers. This upgrade will help secure new business with Jaguar Land Rover and safeguard over 60 jobs. This funding will a...

News  Updated at: 2025/06/10

corded a gross loss of THB 372.68 million. Nex Point’s main products are electric buses, pickups, trucks and tractors. With demand for commercial EVs on the rise, driven by the broader adoption of ESG principles, the company sees strong growth potential. Supportive regulations, improved access to funding, and advancing technologies are accelerating the transition to battery-powered fleets. Nex Point is also actively seeking new partners in the ...

News  Updated at: 2025/06/10

UK Government unveils GBP 15.6 billion local transport investment across city regions On June 4, the UK government announced the first major investments from its Spending Review, with GBP 15.6 billion going to local transport projects across England’s city regions, including South Yorkshire, the North East, East Midlands, and Tees Valley. This funding, which more than doubles current capital spending by 2029/30, will help local leaders improve ...

News  Updated at: 2025/06/09

Believ, UK secures GBP 300 million of funding to add 30,000 public EV charging stations On June 6, Believ, the Electric Vehicle (EV) charge points operator (CPO), secured a GBP 300 million investment facility to install at least 30,000 charge points, boosting access to public EV charging across the UK.  The funding is led by Believ’s joint owners, Liberty Global and Zouk Capital, alongside four retail and infrastructure financing banks – San...

News  Updated at: 2025/06/09

ectric battery are also recycled and reused. On October 12, the European Investment Bank (EIB) announced that it is investing EUR 450 million in the construction of AESC (Automotive Energy Supply Corporation) electric battery gigafactory in Douai, France with support from the InvestEU program. This funding will provide 9 GWh of batteries to power 200,000 electric vehicles produced each year from 2025 by the manufacturer Renault. The Douai site wi...

OEM Plants  Updated at: 2025/06/09

apacity to manufacture 257,000 vehicles over seven years. The aim is to ramp up production to a volume of approximately 43,000 vehicles per year, using 100% renewable energy. General price increases, the switch to Valmet Automotive, and the development of new production lines will lead to increased funding needs of at least EUR 275 million (including expected cash inflow from advance payments from reservations) by the start of production (SOP) in...

OEM Plants  Updated at: 2025/06/06

Hydrogen powered Toyota Hilux enters the final round of testing phase in Europe Toyota Europe presents TCF for recycling and recovery from end-of-life vehicles Toyota to move some GR Corolla production to Britain Toyota to start GR Corolla production at UK plant in 2026 Toyota receives funding from UK Government to develop fuel cell powered Hilux Toyota to produce fifth generation hybrid electric powertrain in Deesid, UK plant Toyo...

OEM Plants  Updated at: 2025/06/05

ia & Technology, U.S., to develop new automotive audio solutions Antolin supplies sunvisor with magnetic closure for the Xiaomi SU7 electric sedan Antolin supplies several parts for Mahindra’s new EV models, BE 6e and XEV 9e Antolin supplies solutions for several car models Grupo Antolin receives funding for eco-design and HMI projects under PERTE VEC 1 Auto Shanghai 2025: Antolin presents solutions for future of car interiors Antolin announces...

Major Suppliers  Updated at: 2025/06/05

o the Ministry of Enterprises and Made in Italy to secure more than EUR 100 million, adding to the already allocated investment. Invitalia has confirmed the completion of the access phase for the development contract, with approval from the Emilia-Romagna Region for entry into the second phase. The funding supports strategic investments for the full decarbonization of the company's vehicles. Lamborghini's Direzione Cor Tauri program aims for an e...

OEM Plants  Updated at: 2025/06/05

context, ZF is contributing its expertise for the purely electric commercial vehicle drive – including power electronics and software-based control of all energy consumers. The German Federal Ministry of Transport and Digital Infrastructure has already provided a non-binding letter of intent for funding the project. (From a press release dated November 10, 2021) Vibracoustic announced that it has developed a resilient spider that helps reduce ...

Major Suppliers  Updated at: 2025/06/03