Global pandemic sector recovery briefing
As we enter a recovery phase around the world, we aim to bring you the latest news and intelligence on the speed, nature and shape of the automotive sector's recovery from the COVID-19 pandemic.
Investments
VW opens expanded Zwickau press shop
Volkswagen has officially launched a new press shop at its newly EV-centric Zwickau site in Germany.
GM announces Mexico EV build at SUV plant
General Motors plans to spends US$1bn in Mexico to produce electric vehicles, a move that has angered US unions, according to media reports.
Ford to build EV LCV in Romania
Ford Europe confirmed on Tuesday a development president Stuart Rowley hinted at a couple of months ago - the Romanian plant in Craiova will build an EV.
Tesla reportedly adding parts recycling to Shanghai plant
Tesla will add facilities at its Shanghai factory to repair and recondition parts such as electric motors and battery cells, a document submitted by the automaker to local authorities and seen by the Reuters news agency showed.
Rimac gets planning approval for new campus
The Croatian city of Sveta Nedelja has approved a building permit for Rimac Automobili's planned EUR200m campus. Rimac will have a 69 year ground lease, the city said in a statement…
Seres launches SF5 using Huawei technology
Chinese telecoms giant Huawei Technologies and automotive local startup Seres jointly launched the new Seres Huawei Smart Selection SF5 hybrid electric vehicle at the Shanghai motor show this week. Seres, formerly…
Nio and Sinopec launch automated EV battery swapping station
Chinese electric vehicle (EV) startup Nio last announced it had entered into a strategic partnership with China Petrochemical Corporation (Sinopec) to establish a EV battery swapping network in China. The first…
Rimac to build EUR200m campus
Rimac Automobili reportedly plans to build a EUR200m (US$238.3m) campus near Zagreb in its native Croatia, with space for 2,500 employees, to support long-term growth. The campus, on 200,000 sq m…
Nidec to build factory in Serbia
Nidec Corporation would invest EUR1.5bn euro ($1.8bn) to build an automotive electric motor and inverter factory in Novi Sad, in northern Serbia, a media report said. "In the first phase alone, Nidec…
South Korea looks to strengthen hydrogen know-how
The South Korean government said it planned to spend KRW25bn (US$23m) in the next six years to acquire key technology to strengthen the emerging hydrogen economy. South Korea expects hydrogen…
