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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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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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15+ global automotive brands testing StoreDot extreme fast charging high energy battery cells

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StoreDot, a developer of extreme fast charging high energy batteries for electric vehicles, announced that its XFC batteries and systems are now being tested by more than 15 global automotive brand manufacturers, and that it has additional potential manufacturing partnerships in the pipeline for this year.

Global 417
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Benchmark Mineral Intelligence: global battery gigafactory pipeline tops 300; China dominates

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China continues to dominate gigafactory announcements, but North America and Europe have seen significant growth over the past two years thanks in part to automaker and battery manufacturer joint ventures. Europe has increased its pipeline by eight gigafactories over the same period.

China 433
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Rimac Technology and EVE Energy partner on 46xx battery cell production in Europe

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Rimac Technology, a leading provider of high-performance automotive technology solutions to global OEMs, has partnered with battery maker EVE Energy. EVE will focus on cell manufacturing while Rimac Technology will focus on the development and high-volume production of a battery module and pack platform using the cells.

Europe 301
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Ballard to invest $130M in MEA manufacturing facility and R&D center in Shanghai

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Ballard Power Systems announced its strategy ‘local for local’ whereby it plans to deepen its global manufacturing footprint in Europe, the United States and China to support global market demand growth through 2030. Current Ballard global manufacturing capacity.

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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