Electric Vehicle Parts And Components News

Recent industry report about Electric Vehicle Parts And Components company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Electric Vehicle Parts And Components Market industry experts.

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Electric Vehicle Parts And Components News

  • January 2023: Robert Bosch Venture Capital GmbH, a subsidiary of Bosch, announced that it invested in the formation of Beijing Kawen New Energy Vehicle Co., Ltd. with Boyuan Private Equity Capital Management Company Ltd., Beiqi Foton, Beijing SinoHytec Co., Ltd., and Shenzhen Fuyuan Smart Investment Partnership. Kawen Vehicle will concentrate on the research, development, manufacturing, and sale of battery electric vehicles, hydrogen-powered commercial vehicles, and related core components and systems.
  • April 2022: Denso Corporation (Denso) developed electric vehicle (EV) products that will be supplied to the Toyota bZ4x and Subaru Solterra. Denso will also provide sensors that monitor battery voltage and temperature, as well as a battery monitoring electronic control unit (ECU) that monitors the battery's status.
  • March 2022: Panasonic Corporation (Panasonic) announced that it is considering buying a plant in the United States to boost its lithium-ion battery production capacity for Tesla electric vehicles (EVs); Tesla Inc. (Tesla) and sites in Oklahoma and Kansas are likely to benefit from the plant.
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  • September 2023: Nidec Corporation invested USD 55 million to expand its Motion and Energy business in India by improving its manufacturing facilities.
  • March 2023: Kongsberg Automotive SA signed a contract with one of China's largest OEMs in the passenger car segment. The contract requires the supply of an electric rotary actuator (ARC) used to switch drive modes on the transmission, such as park (P), drive (D), neutral (N), and reverse (R).
  • February 2023: Nidec Corporation announced an expansion of its R&D facility in China, which focuses on the development of automotive actuators.
  • December 2023: Toyota Motor Corporation partnered with UBE Corporation to develop a new type of polyamide 6 resin called UBE NYLON 1218IU. This innovative resin is used for the plastic liner material in the high-pressure hydrogen tank of the new Toyota Crown fuel-cell vehicle (FCV). The nylon 6 resin meets the stringent requirements to prevent any hydrogen leakage in the FCV's high-pressure hydrogen tank.
  • November 2023: Robert Bosch GmbH launched H2 Mobility, a new technology that includes a fuel injection system, tank system, exhaust gas treatment system, sensors, and controllers. The technology is equipped with various components, such as an ignition coil, injectors, control unit, rail, DNOX, spark plug, Pr. sensor-EGT, and throttle valve. The company provides H2E technology for long-haul trucks and offers products for different segments, including SUVs, LCVs, coaches, and heavy-duty buses.
  • January 2024: ZF Friedrichshafen AG announced that ZF Passive Safety Systems offers its belt tensioner with multiple switchable load limiters (MSLL), which helps further reduce the consequences of accidents.
  • December 2023: Antolin developed a touch control panel for Tata Harrier and Safari SUVs. The panel is positioned below the air vents. It works as a personal command center and allows users to control the fully automatic temperature controller (FATC)-HVAC system and other functions through a hybrid system that uses sliders, capacitive switches, and toggles. It also includes a sleek piano black deco trim that covers the entire instrument panel, direct ambient light (RGB), and advanced electronics.
  • September 2023: Continental and Ethernovia collaborated to create a high-bandwidth, low-latency switch in a 7nm process for software-defined vehicles (SDVs) to move data efficiently and securely.
  • April 2022: Garrett Motion, a global differentiated technology leader, released an external wastegate product line to complement its extensive turbocharger and intercooler portfolio. External Wastegates regulate turbocharger shaft speed by venting exhaust gas around the turbine stage of the turbocharger.
  • March 2022: Toyota Motor Corporation held the world premiere of the all-new GR Corolla (North America specifications, prototype), a sports car, in Long Beach, California, USA. The GR Corolla boasts a strengthened version of the 1.6 l in-line three-cylinder intercooler turbo engine found in the GR Yaris. It resulted in a maximum output of 224 kW (304 PS). A valve-equipped triple-exhaust muffler reduces both exhaust pressure and noise.
  • March 2023: Infineon and Delta Electronics signed a memorandum of understanding with the purpose of enhancing their collaborative efforts in the development of advanced solutions for the electric vehicle sector. This partnership encompasses various components, including discrete high and low-voltage semiconductors, power modules, and microcontrollers. These are essential in EV drive systems, including the inverter, DC-DC converter, and on-board chargers. The primary goal is to provide more efficient and higher-performing products to meet the evolving demands of the EV market.
  • November 2022: ROHM Semiconductor entered into a joint development agreement with Mazda Motor Corporation and Imasen Electric Industrial Co., Ltd. It is with the objective of collaboratively working on the development of inverters and silicon carbide power modules. These components are intended for use in the electric drive systems of electric vehicles, including the e-Axle.
  • May 2022: Arieca signed a research agreement with ROHM Co., Ltd. to make efforts in the advancement of next-generation Thermal Interface Materials (TIM). This partnership exploits the Arieca Liquid Metal Embedded Elastomer Technology platform to deliver heat transfer capabilities while overcoming the reliability challenges typically associated with traditional TIM technologies.
  • May 2022: Li Auto, a Chinese electric vehicle manufacturer, announced the construction of its power semiconductor research and development and production center in Suzhou City, Jiangsu province. This new facility in Suzhou will hold a primary emphasis on research and development as well as the production of third-generation automotive-grade silicon carbide (SiC) power modules. The goal is to enhance Li Auto's capacity to design and manufacture power modules specifically tailored for automobiles.
  • October 2023: HySE, a Japanese research association that includes some of Japan's leading hydrogen engines and off-roading manufacturers, such as Honda, Toyota, and Yamaha, announced its plan to introduce a hydrogen ICE-powered side-by-side X1 for debut at Dakar 2024. The X1 is set to be powered by a 1.0-liter four-stroke inline-four hydrogen motorcycle engine hooked to a supercharger for more efficient power production.
  • June 2023: Late Model Engines (LME) announced the introduction of Whipple’s Gen 5 3.0L supercharger in its Gen V L8T engine model, which can attain a 1,400 horsepower with a proper fuel system and a healthy diet of race gas or ethanol. Further, the company stated that its new engine model is capable of being fitted to not only passenger cars but also sports cars.
  • November 2022: Eaton Corporation announced the launch of its Twin Vortices Series X3100 supercharger for aftermarket applications. The X3100 was developed in response to customer demand for greater airflow from a same-sized engine package. Further, the company stated that its superchargers are available exclusively from its supercharger partners, which include Magnuson Products, Harrop Engineering, Edelbrock, Roush Performance, and Superchargers Online.
  • March 2023: Bosch has announced a substantial investment of USD 283.2 million for the expansion of its Aguascalientes plant in central Mexico. This revelation came as part of the plant's 30th-anniversary celebrations. The investment is expected to generate 400 new jobs and enable the facility to manufacture electronic Parking Brakes (EPB) for leading automotive companies like Tesla, BMW, and Nissan.
  • November 2022: Continental AG received a major contract in the third quarter for the series production of its semi-dry brake system (also known as Future Brake System) valued at about EUR 1.5 billion (USD 1.56 billion) from a major global North American car manufacturer. The production of the system is scheduled to commence in 2025.
  • October 2022: ADVICS CO. Ltd. announced a contract to supply more efficient aluminum 6-piston calipers from Mercedes AMG.
  • September 2022: Brembo SpA announced that it reorganized its aftermarket products into four divisions, namely Brembo Essential (entry-level products), Brembo Prime (premium products), Brembo Beyond (products for alternative mobility), and Brembo Xtra (performance product line).
  • June 2022: ZF group divested 49% stakes in Brakes India to T V Sundram Iyengar and Sons Private Ltd, Sundaram Finance Holdings Ltd, India Motor Parts and Accessories Ltd, and Flometallic India Private Ltd to comply with the Anti-Trust guidelines of CCI.
  • March 2022: Continental announced that its Gurgaon plant achieved a remarkable milestone by producing five million Electronic Brake Systems (EBS). The EBS portfolio comprises Electronic Stability Control (ESC) for passenger cars and Anti-lock Brake Systems (ABS) for passenger cars and 2-wheelers. Its target is to raise the annual EBS production capacity by 25% in the next three years.
  • March 2022: Ningbo Tuopu Group Co. Ltd. announced that customers had accepted its IBS-PRO in the winter calibration test. The IBS (Intelligent Brake System) that has been tested is the 4th-generation product developed by Tuopu Group. Top Group's IBS plant, located in Ningbo City, Zhejiang Province, has advanced manufacturing facilities for SMT (surface mount technology), ECU (electronic control unit) assembly, sensor assembly, solenoid valve assembly, automation assembly, and smart storage. The plant is expected to achieve mass production in August 2022, able to supply parts to 500,000 vehicles per year when running at its full capacity.
  • January 2023: Bosch announced plans to invest more than USD 1 billion in expanding its e-mobility capacities in China. This significant investment is expected to drive increased demand for automotive relays in the region.
  • May 2022: Taolink Technologies raised USD 15 million through a Series A funding round, with Xinyi Capital taking the lead in the investment. The company specializes in the development and supply of chips for narrowband communication devices. Additionally, Taolink Technologies is involved in the development of System-on-Chips (SoCs), relays, gateways, and other components used across a wide range of industry sectors, including automotive and communication, among others.
  • May 2022: Texas Instruments introduced a new line of relays designed to enhance safety in electric vehicles by utilizing silicon dioxide to improve their isolation capabilities. The inclusion of silicon dioxide is visually represented in a rendering with a greenish-gold hue.
  • February 2022: Menlo Micro secured USD 150 million in a Series C funding round. The company employs both electromechanical and solid-state technologies to achieve a 99% reduction in crucial metrics, including size, weight, power consumption, and costs, when compared to conventional electromechanical relays. Menlo Micro markets its innovative solution under the name 'Ideal Switch.'
  • July 2022: Skoda EnyaqEV Camper is making its way to enter the United States market. Skoda Enyaq iV 80 FestEValcamper edition includes a highly practical yet compact camping setup that is entirely accommodated inside its boot. The model is equipped with a heads-up display with augmented reality, which can also come as an advantage on long road trips.
  • May 2022: Hyundai Mobis launched a world-first adjustable display technology for an integrated automotive cockpit system with an ultra-large moveable curve display.
  • February 2023: Continental introduced its largest-ever tractor tire designed for high-horsepower tractors, offering enhanced load-carrying capacity, improved traction, and reduced soil compaction. With its robust construction and advanced tread design, the tire aims to meet the demands of modern agriculture, providing increased efficiency and productivity in the field.
  • May 2022: Apollo Tyres launched a new range of agricultural tires specifically designed for tractors. These tires are aimed at improving traction, fuel efficiency, and load-carrying capacity while also reducing soil compaction. With their durable construction and innovative tread patterns, the tires are expected to enhance the performance and productivity of tractors in agricultural operations.
  • January 2022: Magna Tyres acquired Industra Ltd in a step toward global expansion. Industra Ltd holds a robust presence in the Polish market, with three tire segments, including Agricultural Tires. Earthmoving and Industrial Tires will aid Magna in marking its presence in the Polish market.

EV Components Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)