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Business News

Manufacture

South Korea

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Agreement

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Battery Systems, Supercapacitors & Solar

Hyundai Infracore to supply battery packs to Tata-Daewoo

By Will Pulson – 5th January 2024

The battery cells are to be sourced from LG Energy Solution to make battery modules and packs for TDCV starting in the first half of 2025.

UK

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Ownership

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Investment

AEM raises GBP 23 million in funding to develop metal-free EV motors

By Luke Willetts – 4th January 2024

The capital is to be invested in its factory in the North East of the UK, creating 40 new jobs over the next two years. According to AEM, the capital will enable the company to start producing copper-free EV motors for both passenger and commercial vehicles. 

USA

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Manufacture

|

Agreement

Zeus Electric Chassis to contract Edison Manufacturing and Engineering to produce Class 5 electric vehicles

By Bradley Osborne – 4th January 2024

The Class 5 vehicle will launch with two-wheel drive, a new cab, and a new 800V electrical architecture.

South Korea

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Investment

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Manufacture

Kia to build second ‘purpose-built vehicle’ plant in South Korea

By Jim Gibbins – 4th January 2024

The new facility is scheduled to be completed in 2028 within the company’s Hwaseong manufacturing complex.

Slovak Republic

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Agreement

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Manufacture

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Battery Systems, Supercapacitors & Solar

Gotion InoBat JV signs MOU with the Slovak government to build a gigafactory in Šurany

By Luke Willetts – 3rd January 2024

With construction set for next year on a 65-hectare area of land in Šurany, the Slovak government is set to provide subsidies. The venture aims to begin battery production in Q2 2026, producing EV batteries with a combined annual output of 20 gigawatt-hours.

Thailand

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Wheels & Tyres

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Restructure

Bridgestone consolidates Thai TBR production with closure of Rangsit, Thailand

By Luke Willetts – 3rd January 2024

The factory employed 1,070 staff and produced 2,100 TBR tyres a day. Further reasons for closure included the impact on local communities, issues with the rubber supply chain and the overall profitability of the factory.

Thailand

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Product

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Manufacture

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Chassis Cowls & Pickups

Isuzu launches 3rd-gen D-Max truck and plans electric D-Max version

By Will Pulson – 2nd January 2024

The D-Max’ main production base is in Thailand, from where it is made available in over 100 countries and regions worldwide.

Manufacture

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Electrical Systems & Components

Forvia opens new electronics plant in China

By Luke Willetts – 31st December 2023

Forvia’s Fengcheng Mega Plant employs 1200 staff, housing 89 production lines dedicated to producing products in three main areas: display technologies, cockpit electronics and automated driving technologies for both passenger and Commercial Vehicles (CVs).

India

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Body & Cab Components

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Investment

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Strategy/Policy

Ashok Leyland creates ‘Women-only’ Cabin Trim production line at Pantnagar Plant

By RACE Innovations Pvt Ltd – 31st December 2023

"This endeavour seeks to enhance the skills and employability of these women, enabling them to pursue their dreams. This perfectly aligns with our brand philosophy of "Koi Manzil Door Nahin”," says Shenu Agarwal, Managing Director and CEO, Ashok Leyland.

India

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Agreement

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Manufacture

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Electric Drive

GreenCell Mobility and VECV sign MoU to supply 1,000 Eicher ebuses

By RACE Innovations Pvt Ltd – 31st December 2023

The plan is to work together to ensure industry-leading vehicle engineering, data integration and safety features are incorporated in these buses.

Morocco

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Agreement

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Manufacture

China’s Shacman begins heavy truck assembly in Morocco

By Will Pulson – 30th December 2023

Assembly is taking place in partnership with local company, Groupe Premium in Casablanca.

Belgium

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Achievement

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HVAC Systems

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Refrigeration Systems

Daikin Europe celebrates 50th anniversary

By Luke Willetts – 30th December 2023

Daikin Europe began in 1973 with its first manufacturing site in Ostend, Belgium. The company now has factories in the Czech Republic, Austria, Germany, Italy and Spain.

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    • Battery Electric
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    • ADAS & Safety Systems
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    • AI, Digitalisation & Robotics
    • Alternative Fuel Engines
    • Autonomous Vehicles
    • Axles & Suspensions
    • Battery Systems, Supercapacitors & Solar
    • Body & Cab Components
    • Brakes & Braking Systems
    • Chassis Components
    • Connectivity
    • Diesel Engines & Engine Components
    • Electric Drive
    • Electrical Systems & Components
    • Emission Control Systems
    • Fuel Storage Systems
    • Gas Engines
    • H2 IC Engines & Components
    • HVAC Systems
    • Hybrid Drive
    • Hydrogen Fuel Cells
    • Interior Components
    • Refrigeration Systems
    • Steering Systems
    • Transmissions
    • Wheels & Tyres
  6. Infrastructure
    • Alternative Fuels
    • Diesel / Bio-Diesel Fuel
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