Robert Bosch Energy and Body Systems will spend EUR 12 million to expand development and testing of electric drives at its Miskolc site by mid-2025, creating 60 new jobs.

TCCI, an automotive compressor maker in Decatur, Illinois, plans to invest some $20 million to shift EV compressor production to its home base, supported by a state REV Illinois Act incentive package and $21.3 million in Rebuild Illinois grants for an EV cluster.

Wärtsilä Gas Solutions awarded Skarpenord a contract worth slightly over NOK 10 million to supply valve control systems for eight LNG-powered container ships being built in Asia, with deliveries from Q4 2023 to Q2 2025.

Hanon Systems will invest nearly $170 million and create 600 jobs by establishing a new manufacturing facility in Huntington Park, Loudon County, Tennessee. The plant will supply thermal solutions for electrified vehicles to North American automakers.

Toyota Industries Denso Air Conditioning Compressor (Kunshan) plans an expansion of its electric compressor production by 1.28 million units in Kunshan, Jiangsu. Jiangsu authorities confirmed the project as eligible under national industrial policy.

Hwashin signed a supply contract with Hyundai Mobis to supply battery pack cases for the eM platform worth KRW 939.9 billion, about 55.61% of 2022 revenue, running from November 2025 to November 2031.

Concentric AB secured a contract extension worth 14 MSEK per year to supply EMP branded electric water pumps to a major OEM in the North American electric school bus segment. The customer is not named.

Worksport Ltd. received four purchase orders totaling US$720,000 for its soft-folding tonneau covers and began shipping them from its 222,000 sq. ft. Western New York manufacturing facility.

BorgWarner announced a $198 million investment for a new 64,000 square metre plant in San Luis Potosi, Mexico, making electronic power components and electric motors. It will create 380 jobs and is expected to start operations in the second half of 2024.

BorgWarner broke ground on a new plant in San Luis Potosi, Mexico, to make power electronics components and electric motors, with 380 new direct jobs expected over five years and opening targeted for Q2 2024.

TechnipFMC won a contract worth up to $250 million to supply subsea production systems to Azule Energy, the BP-ENI joint venture, for the Block 18 infill development offshore Angola. The announcement was made on June 27, 2023.

Sona Comstar inaugurated its second manufacturing plant on a 10-acre site in Chakan, Pune, with an investment of USD 28.1 million. The plant will make driveline components for ICE and electric vehicles and can produce up to 1.18 million gear sets a year.

TD Deutsche Klimakompressor broke ground on its sixth construction phase in Straßgräbchen, Saxony, adding about 20,000 square metres and a high-bay warehouse, with completion planned for late 2024 and annual shipments rising from 6 to 8 million units.

Rheinmetall won an order for hundreds of thousands of CWA2000 high-voltage electric coolant pumps from a major international automaker, worth a two-digit million-euro figure. Production starts in 2026 with deliveries over six years.

An internationally active new truck-sector customer awarded Rheinmetall a first order for exhaust gas recirculation poppet and flap valves meeting Euro 7 requirements. Lifetime volume is nearly one million units, the order value is in the three-digit million euro range, and full-scale delivery starts in 2026.

BorgWarner announced an investment at its Ramos Arizpe Campus in Mexico to produce battery cooling plates for electric vehicles, creating 280 new jobs and raising production capacity by 35%.

Korean automotive thermal management maker Hanon Systems announced a $40 million factory in Statesboro, Georgia, to supply HVAC parts to Hyundai and Kia near Hyundai's EV plant, hiring at least 160 people with operations targeted for May 2024.

Concentric AB, a Swedish flow-control and fluid-power company, won an order worth MSEK 201 to supply a fully integrated high-voltage cooling solution to a leading North American zero-emission truck manufacturer, to be delivered over two years.

Brazilian company TUPY announced an expansion of its Ramos Arizpe plant in Coahuila, Mexico, with an investment of $36.8 million that will create 250 direct jobs. The machining plant will grow by over 5,200 square meters.

Volex has won a contract with an unnamed leading North America-based automotive manufacturer to supply EV power products from Tijuana, Mexico. Annual revenue is expected to exceed $30 million, with full production in 2024.

Volex has secured a contract with a leading North American automotive manufacturer to supply EV power products from its Tijuana, Mexico facility. Annualised revenue is expected to exceed $30 million, with full production in 2024.

Volex has secured a contract with a leading North American automotive manufacturer to supply EV power products from its Tijuana, Mexico facility. The annualised revenue is expected to exceed $30 million, with full production in 2024.

BorgWarner plans to invest $42 million to expand its Seneca, South Carolina facility, adding 3GWh of annual battery module capacity and about 122 jobs over three years. Expansion begins in Q2 2023 with completion expected in the first half of 2024.

TCCI Manufacturing is developing an EV Innovation Hub in Decatur, Illinois, combining an EV components production line, a climatic testing centre and a training academy. The project is part of a public-private partnership with the state and local schools.

Sintex-BAPL transferred its two- and four-wheeler plastic-moulded automotive components business to Plastauto for Rs 110 crore under a business transfer agreement signed March 29, 2023.

Welspun Corp, through subsidiary Mahatva Plastic Products, completed the acquisition of insolvent Sintex-BAPL for Rs 1,251 crore on March 29, 2023. The deal was made under an NCLT-approved resolution plan.

A wholly owned subsidiary of Feilong Co (002536.SZ) was nominated for an electric oil pump assembly project by an undisclosed Chinese self-brand carmaker, with expected lifetime sales above 350 million yuan.

Westport Fuel Systems plans to invest up to $10 million USD in a hydrogen innovation center and manufacturing facility to be built with the City of Changzhou in the Changzhou Hydrogen Valley, China. The investment agreement was announced on February 27, 2023.

Bendix Commercial Vehicle Systems announced a US$57 million investment in Plant IV in Acuña, Coahuila, a 17,188 square meter highly automated facility making commercial vehicle braking systems, adding more than 180 jobs.

Autojia says its 1-million-unit-per-year electric compressor project in Chuzhou, Anhui, has partly been completed and formed some capacity, with full production expected by mid-2023.

Chinese Haowu Group agreed to take a strategic, non-controlling 50% stake in crankshaft maker FEUER powertrain, with put and call options and a basic agreement to form a China joint venture for high-end crankshafts.

Saleri received three new orders for electric coolant pumps for battery electric vehicles, for a leading American carmaker and two major European and Asian carmakers, totalling EUR 400 million in order book value.

Midea-owned Welling Auto Parts started production on January 6, 2023 at the first phase of its new NEV parts base in Anqing, Anhui province. The base targets 1 million electric compressors, 1.2 million EPS motors and 200,000 drive motors a year.

Earlier in 2023 Rheinmetall won a long-term supply contract worth EUR 770 million (US$841 million) for R290-based compressors, reportedly for an unnamed manufacturer.

Seiko NSK plans to invest 30 billion yen over five years to increase production of bearings for electric vehicles, including at its Ishibe Plant in Konan City, Shiga Prefecture. The plan was reported on 29 December 2022.

Aotejia (002239.SZ) said on December 22, 2022 that its annual 1 million electric compressor project is expected to be completed in mid-2023. After completion, its electric compressor annual capacity is expected to be about 1.8 million units.

Mahle says it has secured numerous series orders for its electric A/C compressor in passenger car and commercial vehicle sectors with an order volume of approximately €1.4 billion. The announcement was made on 20 December 2022.

Rheinmetall subsidiary Pierburg received an order from an unnamed automaker for low- and high-pressure exhaust gas recirculation modules with a lifetime value of about €300 million, with production starting in August 2026.

Grote Industries announced an expansion of its engineering design center and production facility, Grote Industries de Mexico, in Apodaca, Nuevo Leon. Manufacturing space was increased by more than 50% to add production and shipping capacity.

Michigan Automotive Compressor Inc. plans to spend $82 million to retain 241 jobs by installing production lines for electric vehicle parts at its Parma-area factory west of Jackson, Michigan. Production of the new parts is expected to begin in December 2024.

German automotive supplier Mahle has won numerous series orders for its high-voltage electric air-conditioning compressors, with a total order volume of around €1.4 billion. The customers were not disclosed.

Michigan Automotive Compressor (MACI), a Toyota Industries and DENSO joint venture, plans a $82 million investment to install new production processes at its Parma facility to produce electric vehicle technology products, retaining 241 jobs.

Litens acquired a controlling interest in Industrias Dolz S.A., a Spanish maker of automotive water pumps with plants in Spain, China and Argentina. Dolz will keep operating as a separate business under CEO Jesus Dolz.

Litens Automotive Group acquired Industrias Dolz S.A., a Spanish manufacturer and distributor of automotive water pumps and powertrain products. Dolz will continue to operate as a separate business led by CEO Jesus Dolz.

Bendix Commercial Vehicle Systems has started construction of a new highly automated production facility at its Acuña, Mexico campus to make GSBC and GSAT brake control and air treatment systems, with initial occupancy slated for November 2023.

Continental announced a project to invest close to 210 million euros in expanding its Silao Las Colinas operations in Guanajuato, Mexico, adding floor space and building a new 12,600 m2 plant for electronic control units, expected to create 1,500 direct jobs over three years.

Valeo announced contracts with Stellantis and other European and Chinese automakers for thermal systems for electric vehicles, including heat pumps, air conditioning and battery cooling. Valeo has secured more than EUR 4 billion in such orders since the start of 2022.

Toyota Industries Electric Air Conditioning Compressor (Kunshan) raised capital by RMB 560 million to build a second phase producing electric air-conditioning compressors for new energy vehicles. The expansion is expected to add 1.2 million units of capacity.

Valeo has won orders for thermal systems for electric vehicles worth more than €4 billion since the start of 2022, with a major new contract from Stellantis for heat pump systems.

Bocar Group opened a new plant in Huntsville, Alabama, its first in the U.S., with a $176 million investment in land and construction, 323,000 sq ft of production space and 420 employees expected by end of 2022.