Toyota Ventures raises another $300M to expand early-stage investments in frontier technology and climate solutions

Toyota Ventures, the early-stage venture capital arm of Toyota, announced two $150-million funds to expand its investments in startups developing disruptive technologies and business models at the forefront of innovation. The addition of the new funds, Toyota Ventures Frontier Fund II (TVFF II) and Toyota Ventures Climate Fund II (TVCF... Read more →


Kia Corporation presented an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea. Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape. During the event,... Read more →


BMW Group and Tata Technologies to collaborate on automotive software and business IT solutions; software-defined vehicles

The BMW Group and Tata Technologies, a global product engineering and digital services company, signed an agreement to form a JV with the aim to establish a software and IT development hub with locations in Pune, Bangalore and Chennai, India. The main development and operations activities shall be established at... Read more →


SK On, Ferrari strengthen battery partnership

SK On, a leading global electric vehicle battery manufacturer, signed a memorandum of understanding (MoU) with the Italian luxury sports carmaker Ferrari to reinforce their partnership and to lead innovation in cell technology. Under the MoU, the two sides plan to share expertise in respective areas to expand their technological... Read more →


Nissan launches new business plan: The Arc

Nissan Motor Co. launched The Arc, its new business plan which is focused on a broad-based product offensive, increased electrification, new approaches to engineering and manufacturing, the adoption of new technologies, and the use of strategic partnerships to increase global unit sales and improve profitability. The plan is positioned as... Read more →


Hyundai Motor Group co-hosts 2024 Korea-Africa Business Forum to foster partnerships for sustainable development

Hyundai Motor Group co-hosted a 2024 Korea-Africa Business Forum today in Seoul in partnership with the Centre for Sustainable Structural Transformation (CSST) at SOAS University of London and the Korea-Africa Foundation. The forum discussed how Korean and African stakeholders can work together as strategic partners for sustainable development amidst ongoing... Read more →


Stellantis increases its strategic shareholding in eVTOL company Archer Aviation

Stellantis N.V. and Archer Aviation Inc. announced that Stellantis recently completed a series of open market purchases of ~8.3 million shares of Archer’s stock signaling Stellantis’ continued confidence in Archer’s plans to bring electric vertical take-off and landing (eVTOL) aircraft to market beginning in 2025. (Earlier post.) Stellantis’ increased investment... Read more →


Nissan and Honda to start feasibility study of strategic partnership on electrified and intelligent mobility

Nissan Motor and Honda Motor signed a memorandum of understanding under which they will begin a feasibility study of a strategic partnership in the fields of vehicle electrification and intelligence. To accelerate efforts toward carbon neutrality and zero traffic-accident fatalities, it will be essential to strengthen environmental and electrification technologies... Read more →


Nissan starts trial of stationary SOFC power generation system fueled by bio-ethanol

Nissan Motor has developed a stationary, bio-ethanol-fueled solid oxide fuel cell (SOFC) capable of high-efficiency power generation. Trials have begun at Nissan’s Tochigi Plant in Japan aimed to improve power generation capacity toward full-scale operations from 2030. In 2016 Nissan became the first automotive company to create a vehicular propulsion... Read more →


Hyundai Motor, Kia and KAIST form joint research laboratory to develop next-generation autonomous driving sensors

Hyundai Motor Company and Kia Corporation are partnering with KAIST (Korea Advanced Institute of Science and Technology) to develop next-generation autonomous driving sensors. Together, Hyundai Motor, Kia and KAIST will establish the ‘Hyundai Motor Group-KAIST On-Chip LiDAR Joint Research Lab’ at KAIST in Daejeon to develop LiDAR sensors for advanced... Read more →


Just 17% of electric cars sold in Europe are compact vehicles in the cheaper B segment, compared to 37% of new combustion engines, a new analysis by environmental NGO Transport & Environment (T&E) finds. Only 40 fully electric models were launched in the compact segments (A and B) between 2018... Read more →


Hyundai Motor Group recruiting startups for 2024 ZER01NE accelerator; first half open call

Hyundai Motor Group announced its 2024 first-half ZER01NE Accelerator program, an open innovation platform to facilitate collaboration between startups and the Group on various projects. This program aims to discover valuable startups and explore the possibilities of strategic use of their innovative technologies. Startups can apply to one of seven... Read more →


GM taps former Sila, Tesla exec to head Batteries

GM has hired Kurt Kelty, a globally recognized battery expert and former Tesla executive, to be vice president of Batteries, reporting to GM President Mark Reuss. In this newly created role, Kelty will be charged with GM’s battery cell strategy and a new end-to-end approach. This will include the use... Read more →


Renault Group cancels Ampere’s IPO, confirms EV and software strategy

The Renault Group created Ampere, the only European EV and software pure player, with one goal: democratize EV in Europe faster than EV pure players. (Earlier post.) Since the inception, Renault Group’s strategic approach has been to build Ampere as a separate business with a dedicated team on EV and... Read more →


Toyota suspends deliveries of 10 models with diesels suffering from “certification irregularities”

Toyota Motor is temporarily suspending shipments of 10 vehicle models equipped with the diesel engines from Toyota Industries Corporation (TICO), which are suffering from “certification irregularities.” Toyota Motor had commissioned TICO to develop diesel engines for automobiles. A special investigation into potential irregularities of certification regulationsfound that irregularities occurred during... Read more →


Stellantis acquires CloudMade’s artificial intelligence technologies and IP

Stellantis N.V. has acquired the artificial intelligence framework, machine learning models and intellectual property rights and patents of CloudMade, a developer of smart and innovative big data-driven automotive solutions. The acquisition—as an asset deal—will support the mid-term development of STLA SmartCockpit (earlier post) and reinforces Stellantis’ software strategy outlined in... Read more →


Stellantis N.V. unveiled STLA Large, its all-new, highly flexible, BEV-native platform that is the foundation for a wide range of upcoming vehicles for global markets in the D and E segments. The platform enables embedded energy, charging efficiency, high-performance vehicle dynamics and Trail Rated off-road driving. Full-size vehicles based on... Read more →


Kia has revealed its Platform Beyond Vehicle (PBV) future strategy at the 2024 Consumer Electronics Show (CES) in Las Vegas. Kia’s PBV business will initially be based around the introduction of an all-new, modular vehicle, previewed by the Kia Concept PV5. This future vision was presented alongside a multi-phase plan... Read more →


Toyota to compete in the Thailand 10-hour Endurance Race with Prius running on carbon-neutral fuel

Toyota Motor Corporation will participate in the IDEMITSU SUPER ENDURANCE SOURTHEAST ASIA TROPHY 2023 (Thailand 10-hour Endurance Race) to be held 22-23 December at Thailand's Chang International Circuit. Toyota will compete with a three-vehicle setup for ROOKIE Racing featuring the ORC ROOKIE GR86 CNF concept, a GR86 running on carbon-neutral... Read more →


Hyundai Motor signs multilateral agreement to accelerate global hydrogen ecosystem development

Hyundai Motor Company has signed a memorandum of understanding (MOU) to promote the development of the global hydrogen ecosystem. The signing took place with South Korea’s Ministry of Environment, Korea Water Resources Corp., Global Green Growth Institute (GGGI) and SK E&S at the Dubai Expo during the COP28 World Climate... Read more →


Porsche, Baden-Württemberg and ZSW partner on direct air capture (DAC) technology

The seventh annual meeting of the Baden-Württemberg Automotive Industry Strategic Dialogue (SDA) in Berlin marked a milestone in the collaboration between the Baden-Württemberg state government, Porsche AG and the Centre for Solar Energy and Hydrogen Research Baden-Württemberg (ZSW) with the signing of a letter of intent to develop further and... Read more →


Toyota Motor North America (Toyota) is expanding its battery recycling network with a new collaboration with Cirba Solutions, a battery recycling materials and management company. The agreement enhances Toyota and Cirba Solutions’ growing relationship by expanding Toyota’s battery recycling network and optimizing its logistics network for end-of-life electrified vehicle battery... Read more →


Volvo Cars aims to cut CO2 emissions per car by 75% by 2030 and plans to utilize near-zero emission aluminum and steel

Volvo Cars announced that it is aiming to reduce CO2 emissions per car by 75% by 2030, compared to a 2018 baseline. This is in addition to its ambition to become climate-neutral by 2040, and to reduce CO2 emissions per car by 40% between 2018 and 2025. During the first... Read more →


Volkswagen (Anhui) Components Co., Ltd. (VWAC), Volkswagen Group’s first 100%-owned battery system plant in China, began production of its first high-voltage battery system. VWAC is the first battery system plant wholly invested by Volkswagen Automatic Transmission (Tianjin) Co., Ltd. With an initial annual capacity of 150,000 to 180,000 high-voltage battery... Read more →


Stellantis and CATL sign strategic MoU for the local supply of LFP batteries for European market; possible JV

Stellantis N.V. and CATL signed a non-binding Memorandum of Understanding (MoU) for the local supply of LFP battery cells and modules to power Stellantis’ electric vehicle production in Europe. To further support Stellantis’ electrification strategy, the two companies are considering the possibility to form a joint venture with equivalent contributions.... Read more →


Honda is showcasing a prototype of its next-generation Hydrogen Fuel Cell System Module, jointly developed with GM, at the 2023 European Hydrogen Week as a further demonstration of the steps being taken to achieve carbon neutrality across all global operations by 2050. On display at the Brussels Expo from 20-24... Read more →


Vitesco Technologies has opened a new, 2,800 m2 manufacturing space at its Icheon electronics site for its EMR4 (Electronics Motor Reducer) electric axle drive. The first parts from the new line will serve to confirm the original sample products’ robustness by testing series parts. This phase will last for around... Read more →


BMW i Ventures invests in Ascon Systems; digital twins and low-code solutions for industrial metaverse

BMW i Ventures has invested in the German software company Ascon Systems, which is enabling the transformation to the industrial metaverse with digital twins and low-code software solutions. With this commitment, BMW i Ventures is supporting the next stage of digital production, the potential for the industrial metaverse, and digital... Read more →


BMW expands smart charging service ChargeForward across lower 48

BMW of North America announced the national expansion of its smart charging service, ChargeForward, in conjunction with the launch of the first all-electric BMW 5 Series, the BMW i5. All BMW battery electric vehicles (BEV) and plug-in hybrid vehicles (PHEV) model years 2018 and up will be eligible to enroll... Read more →


Hyundai Motor Group held the third Annual HMG Developer Conference, Korea’s largest mobility developer festival, and presented its vision for the future transformation of software-defined vehicles (SDVs). To accelerate the transition to SDVs, the Group has held the HMG Developer Conference since 2021 to share the latest research and development... Read more →


The BMW Group’s Designworks innovation studio has a new location in the West Bund district of China’s economic hub of Shanghai—the city’s flourishing arts, culture and business district. The official inauguration of the new studio will take place during the West Bund Art & Design Fair Shanghai, which runs from... Read more →


Last year, Toyota unveiled the all-new Crown with four model types: sedan, sport, wagon and crossover. (Earlier post.) The first model out of the lineup was the crossover type. Now, Toyota has unveiled its all-new Crown Sedan model in Japan and will begin accepting orders. The launch is planned for... Read more →


BMW Group BEV deliveries increased to 15.1% share in Q3

The BMW Group posted a solid increase in sales in Q3 to 621,699 premium automobiles and 1,836,563 units over the nine-month-period (Q3 2022: 587,744 units/+5.8%; 2022: 1,747,838 units/+5.1%). The biggest increase was in deliveries of battery-electric models. Between July and September, the BMW Group sold a total of 93,931 fully-electric... Read more →


Toyota announced a new investment of nearly $8 billion that will add approximately 3,000 jobs at Toyota Battery Manufacturing North Carolina (TBMNC). (earlier post) This brings total investment to approximately $13.9 billion and job creation to more than 5,000, further supporting Toyota’s multi-pathway approach to global vehicle electrification. This investment... Read more →


Ford expands BlueOval Charge Network with Francis Energy, Blink and Red E

Ford announced an expansion of more than 22,000 chargers to the BlueOval Charge Network, bringing the new network total to more than 106,000 chargers and growing. The company is now adding access to three new charging providers: Francis Energy, Blink and soon-to-be Red E, further expanding convenient charging options for... Read more →


Stellantis N.V.plans to invest around €1.5 billion in China-based Leapmotor to acquire approximately 20% of Leapmotor, making Stellantis a significant shareholder. The deal also outlines the formation of Leapmotor International, a 51/49 Stellantis-led joint venture that has exclusive rights for the export and sale, as well as manufacturing, of Leapmotor... Read more →


Renault will invest €3 billion to launch eight new models outside Europe, including five vehicles from the C and D-segments to position the brand in the segments creating most value by 2027. Outside Europe, Renaults aims to sell one vehicle out of three in electric or hybrid versions by 2027.... Read more →


Volvo Cars opened a new, state-of-the-art software testing center in Gothenburg, Sweden that amplifies our capacity for integrated software testing at all levels. At a size of around 22,000 square meters and representing an initial investment of around SEK 300 million (US$27.3 million), the new software testing center is the... Read more →


Hyundai Motor Group targeting Africa through partnership with SOAS University of London

Hyundai Motor Group (the Group) is set to develop a growth strategy for Africa by establishing specialized units for dialogue and research with the School of Oriental and African Studies (SOAS) at the University of London. SOAS University of London is one of the 17 colleges within the university and... Read more →


Stellantis launches Pro One commercial vehicles offensive across six of its brands

Stellantis introduced Pro One today, the enhanced strategic offensive of the company’s commercial vehicles business, encompassing the professional offerings of six iconic Stellantis brands: Citroën, FIAT, Opel, Peugeot, Ram and Vauxhall. The commercial vehicles business today accounts for one-third of Stellantis net revenues with 1.6 million sales annually. Stellantis Pro... Read more →


Supernal, Hyundai WIA and Mecaer Aviation Group partner to accelerate eVTOL landing gear development

Supernal, Hyundai Motor Group’s (HMG) Advanced Air Mobility (AAM) company, Hyundai WIA, a global automotive and aerospace parts manufacturer and Mecaer Aviation Group, an Italy-based global aeronautical company, announced a partnership to design and manufacture landing gear systems for electric vertical takeoff and landing (eVTOL) vehicles. Hyundai WIA specializes in... Read more →


Honda Aircraft Company revealed “HondaJet Echelon” as the official name of its new light jet at 2023 National Business Aviation Convention and Exhibition (NBAA-BACE). A mockup of the HondaJet Echelon will stand alongside the HondaJet Elite II at 2023 NBAA-BACE from 17-19 Oct, marking the first time Honda Aircraft Company... Read more →


Kia unveiled three new small- to medium-sized electric models at the brand’s annual Kia EV Day in Korea. During the event, the brand presented its vision of ‘EVs for all’ and strategy to expand its EV model line-up significantly and rapidly. Having successfully established itself as an electric vehicle brand... Read more →


Honda Motor and Mitsubishi Corporation (MC) will begin discussions toward the creation of new businesses with an aim of leveraging the strengths of both companies to build sustainable business models in light of anticipated growth in the electric vehicle (EV) market. The two companies will explore the possibility of new... Read more →


GM joins COVESA to share uServices with the developer community for shared software solution for SDVs

General Motors is contributing a vehicle services definition called “uServices” to the automotive software developer community. uServices aims to standardize software interfaces to access vehicle systems securely from anywhere in an OEM’s vehicle ecosystem. This standardized interface and associated programming model enables efficient development of distributed software required by Software... Read more →


Toyota to make Woven a wholly-owned subsidiary to accelerate implementation of software

Toyota Motor Corporation and Woven by Toyota, Inc. (Woven by Toyota) announced that to accelerate the implementation of software in social systems and vehicles, they intend to strengthen their relationship by making Woven by Toyota a wholly-owned Toyota subsidiary. Toyota intends to transition into the phase of accelerating vehicle intelligence... Read more →


Lucid Group has officially opened the first car manufacturing facility in Saudi Arabia. As Lucid’s second Advanced Manufacturing Plant (AMP-2) and first international plant, the facility will produce Lucid’s electric vehicles for Saudi Arabia and export to other markets. The AMP-2 facility received significant support from the Ministry of Investment... Read more →


IVECO BUS inaugurates E-BENCH testing facility

IVECO BUS officially inaugurated its new testing and validation facility, called E-BENCH, located in the R&D center in Vénissieux, the global headquarters of Iveco Group's bus and coach activities. Extremely versatile, E-BENCH allows testing of both individual components and complete vehicles in real driving conditions, simulating all types of missions... Read more →


Toyota Research Institute (TRI) announced a breakthrough generative AI approach based on Diffusion Policy to teach robots new, dexterous skills quickly and confidently . This advancement significantly improves robot utility and is a step towards building “Large Behavior Models (LBMs)” for robots, analogous to the Large Language Models (LLMs) that... Read more →


Georgia Tech and Hyundai Motor Group sign MoU for collaboration on sustainable mobility, hydrogen economy, and workforce development

Georgia Tech and Hyundai Motor Group (the Group) signed a memorandum of understanding (MoU) to collaborate on research and applications to support the future of sustainable mobility, including developing a hydrogen economy, workforce development, and making cities smarter and more sustainable, among many other areas of cooperation. The Group is... Read more →