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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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BASF and Advent Technologies to establish end-to-end supply chain for HT-PEM fuel cell systems in Europe

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Advent is the largest manufacturer of HT-PEM fuel cell systems targeting emerging markets in the field of sustainable and decentralized energy such as stationary power that can replace diesel generators, marine power from e-methanol fuel cells and heavy-duty mobility.

Supplies 259
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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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Umicore to supply high-nickel cathode materials to ACC in Europe

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Umicore and Automotive Cells Company (ACC)—a joint company between Stellantis, Mercedes-Benz and TotalEnergies together with its subsidiary Saft—have signed a long-term strategic supply agreement for EV cathode materials in Europe. Earlier post.). —Yann Vincent, CEO of ACC.

Supplies 150
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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