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.

Electric Vehicle Parts And Components News

  • April 2024: Scientists discovered a new process that could significantly advance the development of next-generation rechargeable batteries, potentially doubling the range of current electric vehicles. This research could enable a transition from conventional lithium-ion batteries, used in devices from smartphones to electric cars, to solid-state sodium batteries, which are cheaper and safer.
  • February 2024: Indian automaker Mahindra & Mahindra (M&M) is considering establishing a battery plant for its electric vehicles (EVs). The company will assess the feasibility of the plant before exploring partnership opportunities.
  • November 2023: Advanced Electric Machines (AEM), a sustainable motor manufacturing specialist primarily serving the automotive industry, has secured GBP 23 million (USD 29 million) in investment to scale up production at its Northeast UK facility, expand its global sales footprint, and enhance R&D capabilities.
  • 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.
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  • March 2023: Infineon Technologies AG and Delta Electronics Inc. expanded their long-term cooperation in EV applications to provide more efficient and higher-density solutions, such as DC-DC converters and on-board chargers. In addition, both parties agreed to set up a joint innovation lab for automotive applications. Both companies will co-manage the Delta-Infineon Automotive Innovation Center.
  • October 2023: Bel Power Solutions launched a second-generation DC-DC converter to power auxiliary loads in medium and heavy-duty hybrid and electric vehicles. The 700DNG40-24-8 from Bel Fuse delivers up to 4 kW of power from industrial hybrid (HEV) battery buses and electric vehicles to power low-voltage accessories.
  • March 2024: LISI Group, based in France, announced its advancement in automotive brake technology by developing custom-forged components for dry brake systems. These systems, activated by electric motors within the calipers and devoid of brake fluid, offer lighter weight, reduced pollution, and improved efficiency. LISI's expertise in co-designing allows for the production of complex shapes at optimized costs, enhancing integration into modern braking systems.
  • February 2024: Suprajit Engineering unveiled its new braking products division in Bangalore, India. Positioned in the renovated Bommasandra Industrial Area, this division aims to deliver a comprehensive range of braking products, including brake shoes, pads, and mechanical disc brake systems, to OEM customers and the aftermarket. This strategic expansion is set to enhance Suprajit's offerings in the automotive brake system market.
  • October 2023: Continental formed a strategic alliance with Munich-based high-tech company DeepDrive to collaboratively advance core technologies for electric vehicles. The initial milestone of this partnership involves the joint development of an integrated unit that combines drive and brake components designed for direct mounting on the vehicle wheel.
  • March 2023: Bosch 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.
  • September 2023: Nidec Corporation's subsidiary, Nidec Industrial Automation India Private Limited, began constructing its fourth and largest plant in Hubli-Dharwad, Karnataka, with an investment of approximately USD 55 million. The plant, scheduled for completion in April 2025, will significantly enhance Nidec's production of alternators for generators, contributing to its goal of carbon neutrality by 2028.
  • June 2023: DENSO announced a USD 13 million investment to expand its Silao, Mexico plant, creating 450 new jobs and increasing the workforce to over 2,200. This expansion will boost the production of alternators, ensure a steady supply to major automakers like Toyota, Ford, and GM, and enhance the plant's role in vehicle electrical systems.
  • April 2024: Scientists discovered a new process that could significantly advance the development of next-generation rechargeable batteries, potentially doubling the range of current electric vehicles. This research could enable a transition from conventional lithium-ion batteries, used in devices from smartphones to electric cars, to solid-state sodium batteries, which are cheaper and safer.
  • February 2024: Indian automaker Mahindra & Mahindra (M&M) is considering establishing a battery plant for its electric vehicles (EVs). The company will assess the feasibility of the plant before exploring partnership opportunities.
  • November 2023: Advanced Electric Machines (AEM), a sustainable motor manufacturing specialist primarily serving the automotive industry, has secured GBP 23 million (USD 29 million) in investment to scale up production at its Northeast UK facility, expand its global sales footprint, and enhance R&D capabilities.
  • 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.
  • 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.

Electric Vehicle Parts and Components Market Analysis - Industry Growth, Size & Forecast Report (2024 - 2029)