024, the Group sold its entire interest in GKN Hydrogen business to Langley Holdings plc, for nominal consideration. The transaction resulted in a loss of GBP 18 million, of which GBP 10 million was incurred in the first half of 2024. This eliminated the Group future cash losses associated with the funding of the Hydrogen operations. -The Company’s shares are listed on the London Stock Exchange. GKN Automotive DrivelineSideshafts-Sideshaft syst...

Major Suppliers  Updated at: 2025/05/03

uck parts. Developed by Swedish start-up Reselo, the material could lower the carbon footprint of rubber used in commercial vehicles. Birch bark is usually burned as waste, but this project gives it a new purpose. The idea gained traction after a pitch at KTH Royal Institute of Technology, and with funding from Vinnova, Sweden’s innovation agency, the timing was right for Scania to move forward. Scania is working with supplier AnVa Polytech, wh...

News  Updated at: 2025/05/02

Li-Cycle undertaking process to seek buyers for its business or assets On May 1, Toronto, Canada-based Li-Cycle Holdings Corp. announced that despite its current efforts to raise funding, it requires additional financing to meet its obligations and repay liabilities arising from the ordinary course of business operations when they become due in order to continue as a going concern. Considering the company’s current circumstances, Li-Cycle says ...

News  Updated at: 2025/05/02

the hybrid RAV4 SUV in Cambridge to its plant in Georgetown, Kentucky. With Canadian Prime Minister Justin Trudeau present for the announcement, it was framed as a major accomplishment for Canada’s auto sector. In 2018, the Canadian federal and provincial governments announced CAD 110 million in funding for the production of a hybrid RAV4. Toyota Korea released its crossover SUV "Venza" on November 1. Its prices including taxes are 47 million ...

OEM Plants  Updated at: 2025/05/02

ed by USD 11.5 million sponsorship from Epsilon. The institute will collaborate with various departments and research centers at Tufts, including the Tufts Institute for AI (TIAI), and will engage with industry partners to address applied challenges in energy and materials. The sponsorship includes funding for three new faculty positions and seed funding to support future projects. Based on the Epsilon press release...

News  Updated at: 2025/05/01

ude CTAG, Aimen, EnergyLab, Gradiant, the University of Vigo, and SMEs such as Unimate and Probotec. It is co-funded by the Xunta de Galicia under the Fábrica Intelixente e Sustentable Programme. Since starting in 2023, the project has produced 12 patents and led to innovations that support future funding opportunities. It will run until September 2026. Based on Stellantis press release...

News  Updated at: 2025/05/01

o install more than 10,000 additional electric vehicle (EV) charging points across the region’s roadsides. Currently, there are over 4,000 publicly accessible chargers across the region’s road network.  Transport for West Midlands (TfWM), in partnership with local councils, is using government funding to expand the charging network significantly over the coming years. The rollout will also include nearly 200 ultra-fast charging points at nin...

News  Updated at: 2025/05/01

From a press release dated September 2, 2024) Invest EUR 588 million to expand production and chip technologies in Styria, Austria-The Company announced its plans to invest EUR 588 million in its development and production site in Premstätten, Styria, Austria, by 2030. The Company has applied for funding of up to EUR 200 million within the framework of the European Chips Act to the EU Commission for this purpose. The planned new semiconductor m...

Major Suppliers  Updated at: 2025/05/01

o, Brazil plant until at least September 30 Kostal opens new central hub office in Budapest Kostal China develops gear shifter for BYD Seal KOSTAL Shanghai wins “Solidarity & Mutual Assistance“ award from Beijing Benz KOSTAL to expand operations in North Macedonia KOSTAL Automobil Elektrik gets funding for innovative research projects Kostal Group completes acquisition of Compleo Charging Solutions AG, Germany Kostal opens new plant in Mexico...

Major Suppliers  Updated at: 2025/05/01

ncertainty, challenging manufacturing conditions and a market transition which is proving tougher than expected.The sector is doing all it can to keep production plans on track but needs government to ensure automotive is at the heart of its forthcoming industrial and trade strategies with promised funding invested as soon as possible.Doing so will help ensure our competitiveness and safeguard the billions of pounds of investment, jobs and econom...

Automotive Production Data  Updated at: 2025/04/30

he development and production of EV batteries enhanced with graphene. Martinrea and NanoXplore will each initially invest CAD 4 million into the joint venture as startup capital and to support the construction facility, with each committed to provide up to an additional CAD 6 million in development funding if, as and when required. A successful demonstration of improved battery performance using graphene, along with positive feedback from custome...

Major Suppliers  Updated at: 2025/04/28

for expertise in Smart Surfaces Faurecia to reveal breakthrough technologies and services at CES 2018, Las Vegas Faurecia and Accenture announced MoU for connected and autonomous vehicles Faurecia to offer EUR 400 million of 2026 sustainability-linked notes Forvia participates in CIIE Faurecia gets funding for development of new generation of hydrogen tanks Schaeffler and Symbio confirm the creation of JV for fuel cell bipolar plates Faurecia pre...

Major Suppliers  Updated at: 2025/04/28

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: 2025/04/28

n 1965 Volvo C40 Recharge EV to launch in U.S. in Q4 2021 Volvo Cars starts production of C40 Recharge in Ghent, Belgium Volvo Car Group signs multi-billion dollar battery supply deals with CATL and LG Chem Volvo Cars expands EV production amid semiconductors shortage Volvo Cars, Sweden to stop funding Polestar Volvo Cars streamlines model names and upgrades its fully electric and hybrid cars Volvo Cars ends production of diesel powered model...

OEM Plants  Updated at: 2025/04/28

rovides sensor fusion capabilities covering all corners. The Avatr 11 long-range versions will be delivered in December 2022. The Avatr 11 ultralong-range version will be delivered in the first quarter of 2023. On November 5, Avatr Technology announced the completion of its first round of strategic funding. The company drew 3 new strategic investors (in the form of consortium), raising a fund of CNY 2.42 billion in total. Having completed the ca...

OEM Plants  Updated at: 2025/04/27

ivision. In addition to the quality of parts delivered, the award also recognizes a supplier's reactivity and its customer satisfaction performance. (From a press release on Feb. 7, 2008) Valeo announced the signing of a contract with OSEO, the French state financing group, for 61 million euros in funding for its research program LOwCO2MOTION®, which aims to improve vehicle engine efficiency and contribute to reducing CO2 emissions. This fundin...

Major Suppliers  Updated at: 2025/04/26

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: 2025/04/26

history to teach safety. Valeo and Mobileye will collaborate on policies and technologies needed to bolster the adoption of an RSS-based technology standard in Europe, the U.S. and China. The partnership will include drafting of frameworks for the verification and commercial deployment of safe AVs, funding of public research on the RSS model, contributing to draft standards and participation in key committees and working groups in designated stan...

Major Suppliers  Updated at: 2025/04/26

nau site’s heat requirements for production. It will generate around 15% of the renewable heat, around 15,000 MWh, which will be supplied to Stadtwerke Hanau to heat the city. It will have a capacity of 16 MWh and deliver up to 24 tons of process steam per hour. The project, which is supported by funding from the German Federal Ministry for Economic Affairs and Climate Action, is scheduled for commercial operation by mid-2028. It aligns with Go...

Major Suppliers  Updated at: 2025/04/25

a new joint venture with the Stronach Trust. Under the terms of the Magna E-Car joint venture, Magna indirectly holds a 73-percent equity interest and the Stronach Trust holds a 27-percent equity interest in the new vehicle electrification joint venture. In August 2009 Magna was selected to receive funding from the American Reinvestment and Recovery Act announced by the Department of Energy to support electric-drive vehicle components manufacturi...

Major Suppliers  Updated at: 2025/04/25