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BYD Announces Land Agreement for New Passenger Car Factory in Hungary

BYD Auto announced today that it signed a land pre-purchase agreement with the Szeged City Government in Hungary on January 30, for a BYD...

LG Chem aims to be the Top Cathode Supplier in the U.S. with Groundbreaking of Tennessee Plant

LG Chem has commenced the construction of a cathode plant in the U.S., intending to establish a production hub for the global battery material...

Nio secures new $2.2 billion investment from Abu Dhabi’s CYVN

CYVN will increase its stake in Nio to about 20 percent with its latest investment, after finishing a roughly $1.1 billion investment in July. Nio...

SoftBank Invests in Cubic Telecom to gain market in Software-Defined Connected Vehicles

SoftBank Corp. a telecommunications and IT operator headquartered in Tokyo, and Cubic Telecom Ltd. (“Cubic Telecom”), a global provider of software-defined connected vehicle*1 solutions...

Ford Shifts EV Investment Focus Amidst Fierce Price Competition

In the wake of ongoing labor strikes affecting the U.S. automotive industry, major players are recalibrating their investment plans. Ford announced today that it...

Asahi Kasei Invests in US Startup NFW, a producer of non-petroleum-based leather

Asahi Kasei has decided to invest in US-based startup NFW, a producer of non-petroleum-based leather alternative for car interiors. As part of Asahi Kasei's...

GAC Boosts Investment in Didi’s Auto Driving Venture with up to $1.49 Billion

According to China’s 21jingji.com, Guangzhou Auto Group (GAC) announced on October 12th that its board of directors has approved an investment of up to...

Italian powertrain maker Mavel gets investment from Nio Capital, to be supplier of Nio’s next-gen models

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 receives €1.5 billion public grant for Its Gigafactory Project in Dunkirk

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...

NIO secures $1.1 billion investment from Abu Dhabi fund

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,...

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