United States Aftermarket Automotive Parts & Components News
- December 2022: BorgWarner Inc announced plans to spin off their Fuel Systems and Aftermarket businesses into a separate, publicly traded company, which they are currently calling "NewCo." NewCo also intends to capitalize on growth trends in gasoline direct injection (GDI) and hydrogen injection systems. With this announcement, BorgWarner believes it will eventually meet or exceed its stated target of 25% revenue from EVs by 2025.
- August 2022: Cummins Inc. announced the completion of its acquisition of Meritor, Inc. Cummins would be positioned as a leading provider of integrated powertrain solutions across internal combustion and electric power applications with the integration of Meritor's products and capabilities in the axle and brake technology. Cummins plans to provide market-leading ePowertrain solutions to global customers by accelerating Meritor's electrification investment and integrating development into its New Power business. Cummins intends to use its new global footprint to accelerate the growth of its core axle and brake businesses by serving customers in commercial trucks, trailers, off-highway, defense, specialty, and aftermarket.
- June 2022: Meritor, Inc. launched the ProTec Independent Front Suspension (IFS) for motorcoach applications. Meritor's first suspension specifically designed for the ride quality and heavy load requirements of motorcoaches is the new IFS MIS-20E. This product is Meritor's first fully integrated suspension and steering system designed to be a drop-in replacement for bus and coach manufacturers. It is based on field-proven technology. The ProTec IFS has a GAWR of up to 20,000 pounds and twin-tube performance dampers for control and comfort while providing excellent overall tire life.
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Related Auto Parts Industry News
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- April 2024: BorgWarner Inc. invested USD 20.6 million for the expansion of an electric vehicle product manufacturing facility in the United States. With this investment, the company has expanded its development and testing of EV products, including battery modules, battery packs, and DC fast chargers. It has also scaled up its manufacturing operations for DC fast chargers.
- January 2024: ZF Friedrichshafen AG introduced its latest innovation, a highly advanced Parking Electronic Control Unit (ECU), that promises to revolutionize how automated parking systems are implemented in vehicles. This state-of-the-art ECU is designed to offer enhanced accessibility and affordability to a broader range of vehicles, making it easier for drivers to park their cars automatically without breaking the bank.
- November 2023: ZF Friedrichshafen AG, a leading global technology company, unveiled a groundbreaking electro-mechanical brake system in Germany. This innovative system combines cutting-edge electronic technology with advanced mechanical components to provide a reliable and efficient braking solution. By eliminating the need for hydraulic components, this brake system offers a simpler and more sustainable alternative to traditional brake systems.
- April 2024: Steel Strip Wheels Limited secured its first contract to supply aluminum wheels to a leading Indian passenger car manufacturer. The company already supplies steel wheels to the same OEM.
- December 2023: Advantec Wheel invested USD 11.99 million in India for the expansion of its wheel manufacturing facility in New Delhi. Through this expansion, the company announced plans to produce 200,000 units per unit capacity.
- March 2024: Ford announced the integration of dual on board chargers into its E-Transit electric commercial van, capable of charging at a power of 176 kW. The company stated that its latest incorporation will help vehicles charge from zero to 100% in six hours and eleven minutes when using the Ford Pro Series 2 80A charging station.
- July 2023: Stellantis announced its collaboration with Saft and the French National Center for Scientific Research to manufacture an electric vehicle charging solution that eliminates the usage of inverters and on board chargers to reduce vehicle weight while improving the vehicle's efficiency. Such innovations are a significant headwind for the on board charger market, as adopting this new technology will hamper the market's growth.
- April 2023: Coulom Solution announced its development of an advanced 20 kW on board charger suitable for its usage in commercial vehicles, especially for the North American market. The new on board charger aims to reduce the overall mass and eliminates extra high-voltage cabling that helps lower the product's price. The company expects that this will allow it to integrate the commercial vehicle on board charger industry due to its price advantage.
- December 2023: Lincoln Electric Holdings Inc., the Velion DC Fast Charger for electric vehicles. The charger, designed with industrial-grade components, is a Level 3 DC fast charger platform that delivers fast charging speeds with unparalleled reliability for ultimate performance and uptime.
- April 2023: ABB E-mobility announced the investment in the London-based, deep-tech start-up company Switch. The investment marks the beginning of a partnership with ABB E-mobility, enhancing their comprehensive range of smart EV charging solutions. Together, they aim to innovate the EV charging experience for both operators and drivers, creating a seamless ecosystem. Financial terms of this transaction were not disclosed.
- January 2024: Wabtec Corporation secured a massive order worth USD 157 million to supply high-quality brake systems to Siemens India. The order is specifically intended for use in the manufacturing of powerful 9000 horsepower (hp) locomotives that will be utilized by the Indian Railways.
- December 2023: Tevva, one of the leading electric vehicle manufacturers in the United Kingdom, collaborated with ZF Friedrichshafen AG. Through this partnership, the truck uses an electronic brake system (EBS) that blends regenerative and compressed-air brakes for improved safety and driver responsiveness.
- January 2024: BLT, a leading metal additive manufacturing (AM) company, played a crucial role in the design and production of calipers and caliper brackets for XPeng Motors and its subsidiary XPENG AEROHT, marking the inception of their collaboration in 2022.
- November 2023: Neotech revolutionized automotive performance with the launch of an advanced 6-piston brake caliper at SEMA 2023.
- September 2023: Brembo introduced OCTYMA, an aluminum 8-piston brake caliper blending style with performance. Continental unveiled its plans for a groundbreaking "green fist" brake caliper designed for EVs. It is undergoing targeted development to meet electric vehicle brake requirements, with integration expected within the typical lead time of two to three years.
- December 2023: Jupiter Wagons Limited secured a contract worth INR 1,617 crores (~USD 195 million) from the Ministry of Railways to manufacture and supply 4,000 BOXNS wagons.
- October 2023: The VTG iWagon, the UK’s pioneering digital freight wagon, has been developed through a collaboration between VTG Rail UK and Knorr-Bremse Rail Systems (UK). The iWagon boasts 12 digital innovations that pave the way for future technologies. These innovations, facilitated by the VTG Connect gateway, include axle generators, control over wheelset slides in low adhesion conditions, and the patented Wheel Flat Prevention (WFP) system. Additionally, the iWagon incorporates Brake Condition Monitoring (BCM), eliminating the need for annual brake tests.
- February 2023: Continental AG unveiled the VF TractorMaster, the largest tractor tire of its kind, boasting an impressive diameter of 2,147 millimeters. This heavyweight tire weighs 475 kg and has a remarkable load index of 10,300 kg.
- May 2022: Apollo Tires made a significant advancement in agricultural tires by introducing the Virat range, the next-generation series of tires, in Chandigarh, Northern India.
- February 2022: Michelin showcased its latest innovation, the New EVOBIB Agricultural Tire, offering improved longevity, sustainable traction, reduced soil compaction, and lower fuel consumption, all in one tire package.
- June 2023: Nidec Corporation announced it had successfully developed a new electric power steering motor power pack*1 ('EPS-PP').
- August 2022: F Friedrichshafen announced plans to invest CNY320 million (USD 47 million) to expand capacity for power steering systems in Shanghai to meet growing local demand.
