Dema, new headquarters and strategic steps forward
Dema, industrial automation company, is taking two major steps forward after more than 70 years of business history and exactly 20 years since the testing of its first automatic machine under the...
Permanent magnets, a deal worth 917 million dollars
Korean Posco International has secured two contracts worth a total of $917 million with global automakers. The company’s US subsidiary will supply permanent magnets to an undisclosed US automaker, a contract valued...
Electric version of Korean SUV KGM unveiled in Europe
The new Torres EVX is building on the success of the Torres launched in Italy in late September 2023 by the Koelliker Group. It is the electric version of the Korean SUV...
E-motor insulated wire, 11 million Euros investments
Tau Group explained that it has established a new global standard in electric motor insulated wire. They announced being successfully closed to a €11 million extension to its Series-B funding round.
$25 million for production of rare-earth-free magnets
Niron Magnetics, a company developing high-performance rare-earth-free permanent magnets, has secured $25 million in strategic funding.The funding round was led by Samsung Ventures, with participation from Allison Ventures, the venture capital arm...
E-heavy-duty trucks, Hyundai and Iveco together in the European markets
Hyundai Motor and Iveco Group expand their partnership to explore synergies for electric heavy-duty trucks in the European markets. Recently, the two companies signed a Letter of Intent (LOI), reinforcing their partnership...
Agreement worth 19 billion dollars between GM and G Chem
LG Chem has signed an agreement worth 18.6 billion dollars, to supply 10 years of materials for batteries and for electric vehicles to General Motors.
The chemical South...
The value of a car comes from suppliers
Matthias Zink, the new president of CLEPA, the European Association of Automotive Suppliers, delivered his first speech where he underlined that 75% of the value of a car comes from suppliers, manufacturers...
Yamaha Motor takes over Torqeedo and boosts the boating electrification
Yamaha Motor has announced they have signed an agreement with the German company Deutz Ag, owner of Torqeedo, a brand that manufactures electric marine thrusters, for the takeover of the latter’s all...
In 2023 Daimler Truck sold +277% of electric trucks
In 2023 Daimler Truck sold in total 526,053 units of trucks and buses, scoring a small growth in comparison with the previous year. Inside this balance sheet, Daimler Truck counts 3,443 units...