Hyundai Motor Company [KRX:005380] and General Motors [NYSE: GM] have confirmed plans to jointly develop five vehicles following a framework agreement signed in September 2024. […]
Category: Partnerships, Mergers and Acquisitions (M&A)
The electric vehicles (EV) industry is rapidly growing, and mergers and acquisitions (M&A) are becoming increasingly common. In 2022, there were over USD 100bn in EV-related M&A deals, up from just USD 10bn in 2021. This trend is expected to continue in the coming years, as companies look to consolidate their positions in the market and gain access to new technologies and resources.
DLL, IRU partner for low-emission fleet transition
Netherlands-based asset finance firm DLL has partnered with Switzerland-based IRU, the global road transport organisation, to support the shift to low-emission vehicle fleets, according to […]
LION Smart, hofer powertrain partner for cooled batteries
Germany-based LION Smart, a battery pack manufacturer and subsidiary of Switzerland’s LION E-Mobility, has formed a development partnership with hofer powertrain, a drivetrain systems company […]
Hyzon, GreenWaste leads way in North America’s first hydrogen-powered refuse trucks
North America, 23 October 2024 : Hyzon Motors, U.S.-based hydrogen fuel cell manufacturer, has made significant strides by securing North America’s first purchase agreement for […]
Stellantis, Orano announce new electric vehicle battery recycling agreement
AMSTERDAM, 28 October 2023: Stellantis NV and Orano have embarked on an exceptional journey towards the sustainable management of end-of-life electric vehicle (EV) batteries and […]
Daewoo to make India comeback now with e-bikes, e-cycles, and more
MUMBAI, 27 October 2023: Daewoo, a name familiar to many for its cars like Matiz and Cielo in India, is set to make a triumphant […]
Stellantis now invests $1.5B in Leapmotor, bolstering global ev business
AMSTERDAM, 26 October 2023: Stellantis NV and Leapmotor are joining forces in a strategic partnership that involves a substantial investment of approximately USD 1.58bn (€1.5bn). […]
PIF, Hyundai Joint Venture: New Auto Plant in Saudi Arabia
RIYADH, 25October 2023: In a groundbreaking partnership, the Public Investment Fund (PIF) and Hyundai Motor Company are set to establish a state-of-the-art automotive manufacturing plant […]
LITEON, Power Innovations showcases new level 3 DC fast charger
TAIPEI, 21 October 2023: In a groundbreaking move, LITEON Technology proudly introduces its latest achievement – the Level 3 Electric Vehicle (EV) DC fast charger. […]
Honda now develops autonomous work vehicle for airfield use
TORONTO, 19 October 2023: In an exciting development at the Toronto Pearson Airport, Honda unveiled its fully electric prototype Honda Autonomous Work Vehicle (AWV). This […]