Investment

Mavel, founded in Italy in 1999, will be a supplier of core components for Nio's next-generation platform, Nio Capital said. Italian powertrain manufacturer Mavel Powertrain...

ProLogium, an energy innovation company specializing in the R&D and manufacturing of next-generation EV solid-state battery solutions has selected France as the location for...

The investment will further strengthen NIO's balance sheet to power its continuous endeavors in accelerating business growth, driving technological innovations and building long-term competitiveness,...

Hyundai Motor Group announced its plans to set up an electric vehicle (EV) battery cell production joint venture in the US with partner SK...

Porsche AG has earmarked up to €250 million for investments in new start-ups and the existing venture capital portfolio. The aim is to continue...

Global fab equipment spending for front-end facilities is expected to decrease 22% year-over-year (YoY) to US$76 billion in 2023 from a record high of US$98...

The Volkswagen Group steps up its activities in North America in a bid to take a strong position in this important growth market for...

Ford announced it is investing $3.5 billion to build the country’s first automaker-backed LFP battery plant, offering customers a second battery technology within Ford’s...

European enterprises are increasing their investment in China one after another. German leading auto manufacturer BMW has decided to halt production of its electric...

Volkswagen will take a 60 percent stake in the joint venture, and its software subsidiary Cariad will develop autonomous driving solutions with Horizon Robotics. Cariad,...