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TSMC, Bosch, Infineon, and NXP to establish JV to bring advanced semiconductor manufacturing to Europe; €10B investment

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plan to invest jointly ina joint venture—European Semiconductor Manufacturing Company (ESMC) GmbH, in Dresden, Germany—to provide advanced semiconductor manufacturing services. Their reliable availability is also of great importance for the success of the global automotive industry.

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T&E: two-thirds of European battery production at risk as companies weigh investing in US instead

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More than two-thirds (68%) of lithium-ion battery production planned for Europe is at risk of being delayed, scaled down or cancelled, according to new analysis by the European NGO Transport & Environment. Without this expansion, Europe will not be able to satisfy its battery demand in 2030 and will need to import from foreign rivals.

Companies 430
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Iveco Group acquires full control of Nikola Iveco Europe

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has acquired the full and sole ownership of the German company resulting from the former joint venture Nikola Iveco Europe, now to be renamed as EVCO (Electric Vehicles COmpany). Iveco Group N.V.

Europe 395
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Airbus and LM Industries create mobility startup Neorizon; digital manufacturing

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Airbus and LM Industries, the the parent company of Local Motors and Launch Forth, have formed Neorizon to provide disruptive and innovative products with an initial focus on local mobility and autonomy. —Jay Rogers, CEO and founder of LM Industries. leadership. —Benjamin Queisser, Neorizon CEO.

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Volkswagen to introduce electrode dry-coating in battery manufacturing; partnering with Koening & Bauer

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Volkswagen’s PowerCo SE plans to introduce an electrode dry-coating manufacturing process in its battery cell production plants in Europe and Northern America. A subsidiary of Volkswagen Group and based in Salzgitter, the battery company aims to industrialize the dry coating procedure.

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Cummins scaling Belgium electrolyzer manufacturing capacity to 1GW through IPCEI support

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Cummins will expand PEM electrolyzer manufacturing capacity at its Oevel, Belgium, factory to 1 gigawatt with the support from the Important Project of Common European Interest (IPCEI) Hy2Tech program. The expansion in Belgium adds to Cummins’ already scaling global electrolyzer manufacturing footprint.

Belgium 343
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PEUGEOT Cycles introducing new range of connected electric bikes designed and manufactured by startup Beweel

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Companies of all sizes, from the craftsperson making a two-carrier cargo bike a new work tool, to logistics companies looking for a complementary and competitive offer of light vehicles adapted to last-mile delivery. The entire Peugeot Cycles range thus expanded will be available from the main dealer networks of Cycleurope Industries.

Connect 397