News

Volkswagen has ceased production of the ID.4 electric crossover in Chattanooga as EV demand slows following the end of federal tax credits.

Hyundai Motor Company and Kia Corporation have made a strategic investment in Qnovo to accelerate the deployment of cutting-edge battery intelligence software across their electric vehicle platforms.

Google has open-sourced its Android Automotive OS software-defined vehicle platform, enabling Asian OEMs to standardize architectures and cut development complexity in connected mobility.

Wallbox schedules the release of its Q1 2026 financial results, highlighting advancements in EV charging technology amid growing B2B demand.

LG Energy Solution has joined SDVerse, marking it as the first battery company in the global B2B marketplace dedicated to automotive software solutions.

Persistence Market Research, a leading management consulting firm, has released this update on the EV battery management system (BMS) market. These critical systems monitor, protect, and optimize battery performance

Hyundai Motor Company and Kia Corporation have made a strategic investment in Qnovo to accelerate the deployment of innovative battery software solutions for electric vehicles.

LG Energy Solution becomes the first battery manufacturer to join SDVerse, enhancing B2B collaboration in automotive software for electric vehicles.

Toyota commits $1 billion to enhance its U.S. manufacturing facilities in Kentucky and Indiana as part of a $10 billion five-year plan supporting EV and hybrid production.

LG Energy Solution has joined SDVerse, the automotive industry's first B2B marketplace for software, marking its expansion into software solutions for software-defined vehicles.

Valeo has initiated construction on a new $225 million manufacturing plant in McAllen, Texas, focused on producing central compute units for General Motors' next-generation vehicles.

Toyota announces a $1 billion investment across its U.S. manufacturing footprint in Kentucky and Indiana, part of a $10 billion five-year commitment to enhance production capabilities.

Hyundai Steel reaffirms commitment to automotive steel sheet business through significant R&D investments for 2025, focusing on green innovations amid evolving industry demands.

BMW Group reports stable earnings and ramps up production of its Neue Klasse electric vehicles amid focused investments in battery technology and manufacturing.

Hyundai plans to localize 80% of its US sales and sourcing by 2030, supported by $26 billion in investments and introduction of 36 new North American models.