New program marks the first Chinese automaker to localize production in Magna’s complete vehicle operations in Europe Magna to assemble two fully electric vehicle models Serial production is set to begin in Q3 2025 AURORA, Ontario, Sept. 15, 2025 (GLOBE NEWSWIRE) — As Chinese car manufacturers enter the European market, the need for localized production… Continue reading Magna Awarded Vehicle Assembly Business With Chinese OEM XPENG
Tag: Electric vehicles
New Geely EX5 lands in UK as £32k Skoda Enyaq rival
Geely – the Chinese firm that owns LEVC, Lotus, Polestar, Volvo and more – is launching its eponymous car brand in the UK with an electric SUV priced from £31,990. The new Geely EX5 is pitched against the likes of the Skoda Enyaq, Nissan Ariya and Hyundai Ioniq 5, measuring 4.61m long, 1.90m wide and 1.67m tall. It’s powered… Continue reading New Geely EX5 lands in UK as £32k Skoda Enyaq rival
EV battery giant CATL’s earnings outlook brightens as it extends market share
The release of two electric vehicle (EV) battery packs targeted specifically at the European market has brightened the earnings outlook for Contemporary Amperex Technology (CATL) whose market share jumped in China last month. Fujian-based CATL, the world’s largest EV battery producer, delivered 26.45 gigawatt-hours (GWh) of batteries in August, up 26 per cent from the… Continue reading EV battery giant CATL’s earnings outlook brightens as it extends market share
Could the Back Half of Fiscal 2026 Unlock Modine’s Margin Growth?
Modine Manufacturing Company MOD continues to anticipate overall margin improvement at the company level in fiscal 2026, primarily driven by the growth in the Performance Technologies segment. The company expects margins to strengthen in the second half of the year. By segment, Climate Solutions is projected to experience significant second-half volume growth fueled by the… Continue reading Could the Back Half of Fiscal 2026 Unlock Modine’s Margin Growth?
This Week In Electric Vehicles – XPENG Partners With Magna for European Production Expansion
Chinese electric vehicle manufacturer XPENG has chosen Magna International Inc. to assemble two new EV models in Europe, marking the first Chinese automaker to localize production at Magna’s facility in Graz, Austria. This strategic move aligns with XPENG’s commitment to enhance its presence in the European market, with serial production set to commence in the… Continue reading This Week In Electric Vehicles – XPENG Partners With Magna for European Production Expansion
Could the Back Half of Fiscal 2026 Unlock Modine’s Margin Growth?
Modine Manufacturing Company MOD continues to anticipate overall margin improvement at the company level in fiscal 2026, primarily driven by the growth in the Performance Technologies segment. The company expects margins to strengthen in the second half of the year. By segment, Climate Solutions is projected to experience significant second-half volume growth fueled by the… Continue reading Could the Back Half of Fiscal 2026 Unlock Modine’s Margin Growth?
Milliken présentera ses produits innovants et ses partenariats stratégiques au salon K Fair 2025
SPARTANBURG, S.C., 15 septembre 2025 /PRNewswire/ — Les innovations produits et les partenariats stratégiques de Milliken & Company seront au centre de la foire commerciale K 2025 à Düsseldorf, Allemagne, du 8 au 15 octobre, lorsque le fabricant mondial diversifié présentera ses dernières avancées. Lors du salon de cette année, Milliken présentera de nouveaux produits… Continue reading Milliken présentera ses produits innovants et ses partenariats stratégiques au salon K Fair 2025
SINBON’s Battery Show 2025 Debut to Expand Possibilities for EV and Charging Technologies
To empower US EV industry partners to lead in global electrification, interconnect expert to spotlight advanced liquid cooling and high-power charging technologies DETROIT and TAIPEI, Sept. 15, 2025 /PRNewswire/ — SINBON Electronics Co., Ltd. (TWSE#:3023), a leading electronics system integrator from Taiwan, today announced its first appearance at The Battery Show North America 2025, under… Continue reading SINBON’s Battery Show 2025 Debut to Expand Possibilities for EV and Charging Technologies
This Week In Electric Vehicles – XPENG Partners With Magna for European Production Expansion
Chinese electric vehicle manufacturer XPENG has chosen Magna International Inc. to assemble two new EV models in Europe, marking the first Chinese automaker to localize production at Magna’s facility in Graz, Austria. This strategic move aligns with XPENG’s commitment to enhance its presence in the European market, with serial production set to commence in the… Continue reading This Week In Electric Vehicles – XPENG Partners With Magna for European Production Expansion
Is Europe a harbinger for the U.S. on China EVs?
Investing.com — Europe’s embrace of Chinese EVs is fueling speculation over when those brands will challenge the U.S., according to analysts. At this year’s IAA Mobility show, “over a dozen Chinese car brands and, by our count, over 50 Chinese models had a presence,” UBS analysts said. Their footprint in Europe is growing fast, with… Continue reading Is Europe a harbinger for the U.S. on China EVs?