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Business News

Investment

Mexico

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Manufacture

|

Investment

Navistar to invest over USD120m in Mexican plant expansion

By Bradley Osborne – 27th February 2023

The money being invested at Escobedo, where Navistar builds its medium-duty electric trucks, will go into expanding the cabin painting facility.

R&D

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Investment

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Manufacture

BorgWarner opens new engineering centre in India 

By Luke Willetts – 26th February 2023

The 95,000 square-foot electric propulsion engineering centre in Bangalore, India, is responsible for working on inverters, DC/DC converters, on-board chargers, integrated drive modules, battery management systems and propulsion controllers.

Agreement

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Manufacture

Johnson Matthey and Plug Power to build a joint fuel cell components manufacturing facility in the USA

By Luke Willetts – 25th February 2023

The companies will jointly build a 5GW catalyst-coated membranes (CCM) manufacturing facility in the USA in 2025.

Investment

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Manufacture

Hexagon Purus opens new hydrogen cylinder manufacturing plant in USA

By Luke Willetts – 24th February 2023

The facility employs 150 staff and aims to produce up to 10,000 hydrogen Type 4 composite cylinders (per year) used by heavy-duty vehicles.

AI, Digitalisation & Robotics

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Investment

Continental opens AI lab in Berlin

By Luke Willetts – 24th February 2023

The centre is responsible for robotics, computer vision (machine vision), hybrid AI (combination of machine learning with conventional software programs) and automated data labelling (marking objects in images).

USA

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Manufacture

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Investment

Shyft Group to invest USD16m in expanding EV production capacity

By Bradley Osborne – 22nd February 2023

The USD16m will be spent on expanding and upgrading its manufacturing facilities located in Charlotte, Michigan to allow for the series production of Class 3-5 electric vehicles.

USA

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Mergers, Acquisitions & Disposals

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Agreement

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Electric Drive

Ideanomics completes the acquisition of VIA Motors

By Luke Willetts – 22nd February 2023

CEO of VIA Motors, Bob Purcell, together with VIA’s management team have been retained to lead the company.

Manufacture

BMZ signs deal to acquire welding systems to expand battery production

By Luke Willetts – 20th February 2023

To meet growing demand, BMZ has expanded its battery production capacity in Karlstein am Main, Germany, through a Euro 11 million deal with Amada Weld Tech for the acquisition of welding systems, a key component in the battery manufacturing process.

UK

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Mergers, Acquisitions & Disposals

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Autonomous Vehicles

Iveco Defence Vehicles acquires majority share in Horiba Mira’s Uncrewed Ground Vehicle division

By Luke Willetts – 18th February 2023

IDV hope to build on Horiba Mira’s expertise in remote control, teleoperated and autonomous vehicle technology.

Germany

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R&D

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Investment

ZF makes its Jeversen test track 5G capable

By Bradley Osborne – 17th February 2023

ZF states that upgrading to 5G will ensure that demands for seamless connectivity and large data transfers between vehicles and other nodes in the network are met at its test track.

France

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Japan

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Agreement

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Ownership

Renault to relinquish some of its voting rights in Renault-Nissan-Mitsubishi Alliance

By Bradley Osborne – 17th February 2023

The new terms would alter Renault’s voting rights through its Nissan shares and pave the way for further collaborations in Europe, Latin America, and India.

Germany

|

Agreement

ZF to partner with Wolfspeed in semiconductor design and manufacture

By Bradley Osborne – 16th February 2023

The two companies will build a joint research facility in Germany, and ZF will invest in a new semiconductor fab planned for the state of Saarland in southwestern Germany.

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    • Alternative Fuel Engines
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    • Body & Cab Components
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    • Electric Drive
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    • Fuel Storage Systems
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    • Hydrogen Fuel Cells
    • Interior Components
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