CANADA > China based Weichai Power is set to invest $163 million in Canada based Ballard Power System

weichai power logo China based Weichai Power is set to invest $163 million in Canada based Ballard Power System making Weichai Ballard’s the largest shareholder. Weichai’s equity investment of approximately $163 million includes $90 million in technology transfer program to the JV related to Ballard’s next-generation LCS fuel cell stack and power modules for bus, commercial truck and forklift applications in China, joint More …

ISRAEL > UK based Centrica and Ombu Invest is to invest $100 million in Israeli Electric Vehicle Charging Software Provider, Driivz

Centrica logo UK based Centrica and Ombu Invest is set to invest $100 million in Israel based Driivz, a start-up that offers end to end software solutions for electric vehicle (EV) charging. Ombu Group has co- led the investment. Driivz has a cloud based EV charging operating system that already has 200,000 drivers across the globe using the software. Established in 2012, More …

INDIA > Japan based Kawasaki is to expand its existing Chakan Facility in India

Kawasaki Kawasaki is set to expand its manufacturing unit in Chakan, India to serve as a hub for both domestic and international markets. The Chakan facility will manufacture motorcycles for export to markets such as Africa and Latin America and will make price reduction for popular models such as  Z250 and Ninja ZX-10R due to localized production in India. According to More …

CHINA > US based Tesla is set to build a massive car factory in Shanghai, China with $5 billion investment

tesla logo Signing agreements with Chinese authorities, US based Tesla’s Chief Executive Elon Musk is set to open a China car factory in the city of Shanghai. Giving access to the biggest car market in the world, the China factory is expected to have an annual capacity of 500,000 cars. Having a production unit is particularly beneficial in China as tariff in More …

CHINA > Spain based SEAT is set to team up with Volkswagen Group China and JAC

seat logo SEAT is teaming up with Volkswagen Group China and Anhui Jinghuai Automobile Group Corp, Ltd (JAC) in China. SEAT signing of the Memorandum of Understanding and becomes a shareholder of JAC Volkswagen which will also include the introduction of the SEAT brand in the Chinese market targeting 2020-2021. SEAT will also actively participate in the creation of an R&D center More …

SOUTH AFRICA > Germany based Mercedes- Benz Cars is set to invest €600 million ($705.09 million) in East London, South Africa

Mercedes Benz logo Including the construction of a new paint shop and a new body shop, Germany based Mercedes- Benz Cars is set to invest €600 million($705.09 million) in East London, South Africa. The investment also will include an upgrade of the assembly shop and new logistic warehouses. The new building will comprise an area of approximately 100.000 sqm. which reflects the addition More …

SPAIN > USA based American Axle & Manufacturing, Inc. is set to expand in Spain with a new manufacturing facility in Barcelona

AAM logo A global leader in the design, engineering and manufacturing of automotive driveline and powertrain components, American Axle & Manufacturing, Inc. (AAM) is set to expand operations in the industrial area of Viladecans in Barcelona. The new manufacturing facility is expected to support European automakers. The 15000 square meters facility is located 20 km southwest of Barcelona and is set to More …

INDIA > Germany based Volkswagen group is set to invest 1 billion euros ($1.16 billion) in India by 2021 creating almost 5000 jobs

VW logo VW is set to invest 1 billion euros ($1.16 billion) from 2019 to 2021 which will be led by Skoda Auto. This is part of Skoda’s ‘India 2.0’ project which includes setting up engineering design and development center at Pune. The group’s two plants at Aurangabad and Pune will also be enhanced. Based on VW’s flexible MQB platform, the group More …