Key Signals in Automotive
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Centre Setup and Expansion
Ford, Tennessee state govt collude to grab private lands for EV and battery plants
The Ford Motor Company has been working with the government of Tennessee to take private lands and build manufacturing plants for electric trucks and batteries. The carmaker’s collaboration with the government was part of its efforts to build the USD 5.6 Bn BlueOval city in Stanton, Tennessee. Read More>>
Changzhou plant launches Phase III expansion project to develop eco-friendly automotive interior materials
Throughout the project, approximately 12,000 m2 of plant buildings, 3,250 m2 of raw material warehouses, and 1,500 m2 of supporting public and auxiliary facilities rooms will be constructed on a portion of the existing land of the Changzhou plant site, and an additional 9.2 mu of land. Read More>>
Luminar Technologies to begin production at the new automated manufacturing facility in 2023
The facility will be operated by Celestica, a company specializing in manufacturing and supply chain solutions. The new 180,000-square-foot facility is set to undergo a rigorous validation process throughout the second half of 2023 to meet automakers’ standards in preparation for the start of production by the end of this year. Read More>>
Deals
Hexagon Purus signs a multi-year agreement with Panasonic Energy to supply lithium-ion battery cells
Hexagon Purus has signed a multi-year agreement with Panasonic Energy to supply lithium-ion battery cells. The batteries will be used in Hexagon Purus’ hydrogen storage systems for heavy-duty vehicles. The agreement aims to support the decarbonization of transportation. Read More>>
Modern Automotives bags order for differential pinion shafts from BMW AG for EV powertrain
Modern Automotives Ltd. has bagged an order of 2.5 million differential pinion shafts to be supplied to BMW AG Munich by 2034. To meet the exacting standard for the pinion shaft, Modern Automotives developed a special patented coating process under collaborative efforts with HEF France. Read More>>
Executive Movements
Alps Alpine welcomes Mike Kenhard as Chief Technical Officer and Vice President of Engineering
Alps Alpine North America, Inc. welcomes Mike Kenhard as the Chief Technical Officer and Vice President of Engineering at the headquarters location in Auburn Hills, Michigan. Kenhard brings an extensive background in the automotive industry and a proven history of leading various teams through key company projects and initiatives. Read More>>
Jil Littlejohn Bostick tapped to lead Winnebago Industries corporate responsibility team
Winnebago Industries named Jil Littlejohn Bostick, the executive director for the Winnebago Industries Foundation and vice president for the company’s corporate responsibility team. Littlejohn Bostick will retain her previous responsibilities for the company’s inclusion, diversity, equity, and action initiatives. Read More>>
From May 1, Antonino Labate will be the new Sales Marketing Director of Alpine
Alpine continues its team structure with the arrival of Antonino Labate as Director of Sales, Marketing, and Customer Experience, effective May 1, 2023. David Gendry, Alpine’s current Marketing and Communications Director, has been appointed the new Sponsoring Partnerships and Communications Director. Read More>>
Layoff
EV-maker Rivian lays off 239 Orange County workers
Rivian Automotive has laid off 239 workers at Irvine, Costa Mesa, and Tustin operations as part of a cost-cutting measure to reduce its headcount by 6%. The job cuts will not affect the assembly line workers at its manufacturing plant in Normal, Illinois. Read More>>
Partnership
Toyota partners with Exxon to test low-carbon fuels
Toyota Motor Corp will partner with Exxon to develop a low-carbon fuel for gasoline engines. The company has been working with hydrogen power for decades. The technology has yet to advance to a point where it could be considered anywhere near carbon neutral. Read More>>
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Latest Industry Insights from Draup Braindesk
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Key Funding Alert
Volkswagen Group is investing USD 1 Bn in vehicles and components
The Volkswagen Group is investing in a new development, innovation, and procurement center for fully connected intelligent electric vehicles in the southern Chinese city of Hefei. The aim is to align the Group’s vehicles even more quickly with Chinese customers’ wishes and achieve a shorter market time. Read More>>
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Startup Spotlight
Company – Indra Renewable Technologies
Total Funding – USD 31.62 Mn
About: Indra Renewable Technologies creates the smartest way to power electric vehicles. They have created a range of innovative EV smart chargers that offer more convenient, reliable, cheaper, and sustainable EV charging capabilities. Read More>>
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Latest Reports Published in Draup
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Here’s what’s new on our Sales Intelligence Platform
Introducing outsourcing highlights
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- Experience an enhanced outsourcing section in the account profile of the Universe feature, with key highlights and a visually intuitive indicator for any new additions in the last 12 months
- Introducing two more filters: Accounts and My Lists, to help you with search in the Signals section
- Introducing JD Reader App to help you search job listings and get talent demand insights
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