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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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Volvo Trucks leading market in Europe and in N America for electric heavy-duty trucks

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Volvo Trucks leads the market in Europe and in North America for heavy electric trucks after the first quarter of 2023. In total, the manufacturer has sold almost 5,000 electric trucks in about 40 countries. Now, its electric product range is being made available in new markets in Asia, Latin America and Africa.

Volvo 210
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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
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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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JATO: global vehicle sales fall by 39% in March; electrified vehicles up to 17.4% new registration market share in Europe

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The outbreak of COVID-19 has already impacted the automotive industry significantly, according to JATO Dynamics, a leading provider of global automotive data and insight. Global vehicle sales totalled 5.55 —Felipe Munoz, JATO’s global analyst. China, Europe, and the US all posted double-digit declines in March.

Europe 261