• Tenneco appoints Kevin Baird as COO, effective August 3, 2020
  • CATL(China’s Contemporary Amperex Technology Limited) and Honda Motor agree EV battery strategic alliance
  • Toyota, Mitsubishi may miss Philippine incentives targets. (The sharp decline in the Philippine vehicle market this year, due mainly to the COVID-19 pandemic, has put the government’s recently launched CARS- Comprehensive Automotive Resurgence Strategy) under threat.
  • Freyr secures US$14 lithium-ion financing of pre-construction first lithium-ion battery cell (LIB) facility in Norway
  •  EDAG and Hexagon Purus team on hybrid storage system
  • Hankook supplies Porsche Taycan Electric Vehicles
  • Ford is facing production shortages in the US due to COVID-19 production constraints at an engine plant in Mexico
  • Rivian raises another $2.5billion as EV output nears(Since last fall, Rivian has raised more than $5 billion. The electric automaker expects to launch the R1T electric pickup and R1S battery-powered SUV next year.)
  • Honda invests in China’s CATL to jointly develop EV batteries
  • Surging truck( vans and other commercial vehicles) sales boost China’s auto sector revival in June as economy upshifts
  • Tata Motors Group global wholesalers plunge in first quarter,fell 64% year on year to 91594.