The project will focus on the development and manufacturing of high-voltage EV components, including combined charging units, e-axles, inverters, and electric motors.

The investment is scheduled for the fourth quarter of FY2025-26 and is aimed at supporting the ongoing capital expenditure and growth plans of Switch Mobility.

With existing offices in Sweden, Norway, the UK, the Netherlands, France, and other European markets, the Düsseldorf expansion positions Kempower to meet surging demand for EV infrastructure in Germany.

New EUR 2 billion facility to drive Asia growth, improve tech access

The software is set to debut in select markets in late 2025, with full commercial rollout anticipated by early 2026. Delivered through a Software-as-a-Service (SaaS) model, the platform allows businesses to subscribe based on fleet size and feature requirements.

Its e-services portfolio includes enhanced digital fleet solutions, depot infrastructure, and turnkey electrification support services to its customers.

MAN has added an extra 53,000 square metres, allowing the Salzgitter logistics centre to store more than 220,000 parts, including up to 12,000 e-mobility components.

This divestment is part of Goodyear's strategic plan to streamline its operations and focus on core business areas.