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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. TSMC, Robert Bosch GmbH, Infineon Technologies AG, and NXP Semiconductors N.V.

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Volvo Cars building €1.2B EV manufacturing plant in Slovakia; third in Europe

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Volvo Cars will build a third manufacturing plant in Europe, positioning the company well to meet the continued demand from its customers for electric cars and capture future growth potential. million cars by mid-decade, which it aims to meet with a global manufacturing footprint spanning Europe, the US and Asia.

Slovakia 273
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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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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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Toyota, Air Liquide and CaetanoBus partner to accelerate the development of hydrogen mobility in Europe

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Air Liquide, CaetanoBus and Toyota Motor Europe have signed a Memorandum of Understanding with the aim of developing integrated hydrogen solutions. CaetanoBus, part of Toyota Caetano Portugal and Mitsui & Co, is a bus and chassis manufacturer in Portugal. Concept of hydrogen ecosystem.

Hydrogen 413
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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. Thus, one in 4 bikes sold in Europe was electric last year. million units sold, an annual growth of 8.6%.

Connect 397