Automotive Battery News

Recent industry report about Automotive Battery company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Automotive Battery Market industry experts.

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Automotive Battery News

  • June 2023: Nippon Denki announced an investment of USD 26 million for the inauguration of its US subsidiary, Denkai America's Camden plant, in South Carolina. Through this investment, the company will start the first copper foil production line for automotive batteries in North America and has started trial operations.
  • May 2023: the Volkswagen Group announced the selection of St. Thomas in Ontario, Canada, as the site of its first overseas battery gigafactory. Volkswagen and its battery company Powerco will produce sustainable unified cells at the new plant, with the start of production planned for 2027.
  • May 2023: Maersk announced that it is building a 20,000-square-meter logistics center near Hanover to store and handle electric car batteries and components to produce the batteries, together with the German project developer Bauwo.
  • April 2023: The Ministry of Japan announced a subsidy of JPY 158.7 billion (USD 1.2 Billion) to Honda Motor Co. Ltd and GS Yuasa International Ltd for investment in automotive batteries.
  • May 2022: Stellantis and Samsung announced that they would invest USD 2.5 billion in building a battery manufacturing facility in Indiana. The factory is likely to start production by 2025.
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  • September 2022: Mahle GmbH (Mahle) unveiled its CO2-neutral powertrain technologies for commercial vehicles during the IAA Transportation event in Hanover, Germany. The presentation included the introduction of a novel power cell unit that comprises pistons, piston rings, conrods, pins, a cylinder liner, and a high-pressure impactor designed for crankcase flushing.
  • February 2022: Cummins Inc. announced the expansion of its leading powertrain platforms to encompass a diverse range of lower-carbon fuel options. These expanded platforms will also incorporate shared architectures for engine blocks and other essential components, resulting in tailored solutions aimed at enhancing fuel efficiency.
  • February 2022: Tenneco Inc. disclosed plans for a merger with Pegasus Merger Co., a wholly-owned subsidiary of Pegasus Holdings III LLC. This merger was intended to increase Tenneco Inc.'s ownership stake in Federal-Mogul India, a company specializing in the production of cylinder liners, pistons, piston rings, and various other products. Following the merger of Pegasus Merger Co. and Tenneco Inc., Pegasus Holdings announced that it would hold a 74.98% stake in Federal-Mogul India.
  • January 2023: DANA Cardanes opened a new USD 21 million plant in Querétaro, Mexico, with a production line to make Toyota components. The first production line, which already began with 110 employees, was expected to be joined by two more lines later in 2023 for a total annual production of 545,000 units with 300 employees. Alejandro Sánchez Alvarado, Operations Director at DANA Cardanes, explained that three production lines are being installed in the new 917-square-meter facility, where Cardan shafts (drive shafts) will be manufactured for use in Toyota trucks.
  • February 2024: JTEKT developed an ultra-compact product series covering Differential (JUCD), Ball Bearing (JUCB), Conductive Ball Bearing (JUEB), and Oil Seal (JUCS) for eAxle size and weight reduction.
  • April 2023: Modern Automotives became the first Indian company to receive approval for deliveries of Differential Pinion Shafts to BMW AG Munich for the electric powertrain. The order anticipates delivering 2.5 million units by 2034.
  • July 2023: Mercedes-Benz introduced the all-new AMG performance version of its GLC SUV. The powertrain is designed and built in Germany at the Affalterbach plant.
  • June 2023: Lucid Group Inc. announced a technology partnership with Aston Martin to provide Aston Martin with Lucid-engineered and manufactured electric powertrain technology to power future Aston Martin battery electric vehicles (BEV). It has an ultra-twin motor drive unit, battery technology, and the Wunderbox, Lucid Motors onboard charging unit. It will contribute to introducing the first pure electric Aston Martin model in 2025. Aston Martin's all-new in-house Battery Electric Vehicle (BEV) platform will be built around access to Lucid's current and future powertrain and battery technology.
  • January 2024: Clearmotion, a leading provider of electric drive and active suspension systems, secured a landmark production order for NIO Proactive Suspension Technology. This significant milestone highlights the growing demand for advanced suspension systems in the automotive industry. This production order marks a major achievement for Clearmotion and underscores its position as a key player in the development of next-generation automotive technologies.
  • September 2023: Anand Group partnered with South Korea's HL Group to supply various aftermarket components for domestic and international passenger vehicle markets.
  • May 2023: Tenneco launched a new technical facility that supports advanced Suspension Technologies (AST) and European Ride Control divisions.
  • May 2022: Shanghai Baolong Automotive received a notice of supplier designation from a leading NEV (New Energy Vehicle) manufacturer in China. This NEV manufacturer has selected Shanghai Baolong Automotive as the supplier of gas tanks for the air suspension system. The supply period is expected to be five years, and the deal's total value is expected to exceed CNY 150 million.
  • April 2022: Rheinmetall started supplying innovative suspension springs for various applications. These advanced suspension springs offer enhanced performance, durability, and weight reduction compared to traditional designs.
  • June 2023: Nippon Denki announced an investment of USD 26 million for the inauguration of its US subsidiary, Denkai America's Camden plant, in South Carolina. Through this investment, the company will start the first copper foil production line for automotive batteries in North America and has started trial operations.
  • May 2023: the Volkswagen Group announced the selection of St. Thomas in Ontario, Canada, as the site of its first overseas battery gigafactory. Volkswagen and its battery company Powerco will produce sustainable unified cells at the new plant, with the start of production planned for 2027.
  • May 2023: Maersk announced that it is building a 20,000-square-meter logistics center near Hanover to store and handle electric car batteries and components to produce the batteries, together with the German project developer Bauwo.
  • April 2023: The Ministry of Japan announced a subsidy of JPY 158.7 billion (USD 1.2 Billion) to Honda Motor Co. Ltd and GS Yuasa International Ltd for investment in automotive batteries.
  • May 2022: Stellantis and Samsung announced that they would invest USD 2.5 billion in building a battery manufacturing facility in Indiana. The factory is likely to start production by 2025.
  • In May 2023, Yamaha launched two new electric Urban Mobility models, BOOSTER Easy eBike and BOOSTER S-pedelec. Both the models are equipped with the very latest PWseries S2 motor od 250 W capacities which is one of the most sophisticated designs in the class and a 630 Wh 36V Yamaha battery.
  • In July 2023, Basso Volta, an Italian e-bike manufacturer, announced a light Italian e-bike with a carbon frame and an advanced display. The bike weighs merely 15.2 kg. Volta's performance is equally impressive, housing a powerful 500 Wh battery discreetly integrated into the downtube and providing a claimed range of 200 km (125 miles) on a single charge. The heart of this Italian e-bike is the Polini EP3+ motor, which delivers an impressive 75 Nm of torque and 250 W of assistance.
  • In June 2023, Bosch announced its new Performance Line SX motor, with a claimed output of 600W peak power and 55Nm of torque. The Performance Line SX is the first lightweight motor from the German brand, with a claimed weight of 2kg.

January 2023: Panasonic Automotive Systems Company, United States, announced the launch of its nanoe X portable in-vehicle air cleaner designed to enhance and maintain cabin air purity in the North American market.

October 2022: Audi announced a collaboration with supplier MANN+HUMMEL to develop a particle filter for electric vehicles that effectively captures particulate matter from the environment.

  • September 2022: BultenAB and Polestar collaborated to develop a climate-neutral electric car by the year 2030. In this collaboration, BultenAB will supply climate-neutral and highly functional fasteners.
  • April 2022: Birmingham Fastener & Supply Company Inc. acquired Champion Sales and Manufacturing Inc., one of the leading rubber gasket companies based in Magnolia, Texas. Through this acquisition, Birmingham Fastener & Supply Company Inc. is expected to enhance its product offering and manufacturing diversity across Texas.
  • August 2022: Maruti entered the streak of carrying advancement in the automotive infotainment systems by introducing its all-new Baleno. The car is equipped with Smart Play Pro+, a top-of-the-line touchscreen infotainment system with an impressive 9-inch display for passengers. While it has all the bells and whistles of the Smart Play Pro, the
    company has added several navigations, car play, and advancements made upon the constructive feedback from auto lovers.
  • March 2022: Acura MDX launched its new Type S version, which remained popular among car enthusiasts-made incredible efforts to design this fleet based on current consumer expectations. The car has a touchpad infotainment system with an amazing OLED display.
  • February 2022: Harman International acquired Apostera, an augmented reality (AR) and mixed reality (MR) software developer company. With this acquisition, Harman is aiming to expand its automotive product offering with the development of AR and MR technologies, as AR can be deployed for head-up displays and infotainment systems.
  • January 2022: Denso developed Global Safety Package 3, an active safety system designed to improve the safety of vehicles by giving them high sensing capability of their surroundings. It uses the combined performance of a millimeter-wave radar sensor and vision sensor to assist the driver in controlling the vehicle safely. This product is used in the Hino Ranger, the Lexus NX, and the Toyota Noah and Voxy.
  • In July 2021, Jeep's Performance Parts division (JPP) has introduced Gorilla Glass windshields for its Wrangler SUV and Gladiator pick-up truck models. JPP's new windshield is made with Corning Gorilla Glass. Its durability is ensured by Mopar's combination of an ultra-thin Gorilla Glass inner ply with a 52 percent thicker outer ply. Both the Jeep Wrangler and Gladiator have an upright windshield, which reduces the panel's ability to deflect a strike from a rock.
  • In June 2021, Webasto, supplied the sliding panorama sunroof for the new Mercedes-Benz S-Class. The large glass surface provides a pleasantly bright ambiance in the sedan's interior. Shading can be provided as required via two separately controllable roller blinds. Operation of the modular roof system and blinds takes place conveniently and individually via gesture and voice control.
  • In March 2021, Audi announced that all-electric Q4 e-tron crossover will have a dynamic windshield display. The AR windshield offers a wider field of view and more accurate and dynamic animations compared to a standard windshield HUD.
  • In February 2020, AGC Glass Europe collaborated with citrine informatics to develop new glass technology using artificial intelligence. The data provided by AGC to build AI models helps to target the identification of the best process conditions to reach high-performance glass materials.
  • In January 2020, BMW in the CES 2020 introduced intelligent glass control in the iNextits electric SUV, which is a reflective type of glass that can be activated both manually and automatically. Through various sensors, glass can pick up any specific position of the sun, through which only certain areas of the window will be adjusted to keep excessive heat and light away.

Automotive Battery Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)