Browsing: Industry
The Industry category on EVMagz provides comprehensive coverage of the businesses, manufacturing networks, and industrial developments powering the global electric vehicle ecosystem. This section focuses on the broader operational and structural forces shaping the EV market beyond individual vehicle launches.
Readers can explore reporting on factory expansions, production strategies, supply chain developments, manufacturing partnerships, raw material sourcing, battery production, supplier relationships, industrial investments, and strategic shifts across the electric mobility sector. The category also examines how market dynamics and industrial policy influence the competitiveness of automakers and suppliers worldwide.
Whether you are an investor, analyst, industry professional, or EV enthusiast, the Industry category delivers in-depth insights into the infrastructure and business forces driving the future of electric transportation.
Foxconn will no longer manufacture electric tractors for California-based Monarch Tractor following the sale of its Ohio factory to SoftBank,…
The ZAPI GROUP, an Italian electrification solutions provider, has acquired a majority stake in Stercom Power Solutions, a German developer…
General Motors and Hyundai Motor on Wednesday announced a new partnership to co-develop five vehicles, including compact and mid-size models,…
Foxconn is divesting its land and manufacturing plant in Lordstown, Ohio, for about $375 million, signaling a major strategic pivot…
Rivian and Lucid on Tuesday reported weaker-than-expected quarterly results and issued cautious full-year outlooks, citing U.S. policy changes and trade…
U.S.-based automotive semiconductor supplier Onsemi forecast a weak profit outlook for the third quarter on Monday after reporting a steep…
Magna International on Friday lifted its full-year sales outlook and posted better-than-expected second-quarter results, helped by cost-cutting initiatives aimed at…
Foxconn to Sell Lordstown Plant to Partner, Maintain Operations and Reinvest in U.S. Growth
By Ryan Fisher
Foxconn said on Monday it will sell its Lordstown, Ohio, manufacturing facility to an existing business partner but will continue…
ZF Friedrichshafen has reached an agreement with its works council and the IG Metall union to establish a joint roadmap…
Aptiv PLC raised its full-year earnings forecast on Thursday, supported by steady demand for its advanced driver-assistance systems and infotainment…
BorgWarner increased its full-year revenue forecast on Thursday, supported by improved global vehicle production and advantageous exchange rates. The company…
Japan’s Denso, a major auto parts supplier to Toyota, reported an 11% drop in first-quarter operating profit on Friday, citing…
Thailand has revised its electric vehicle (EV) incentive policy to allow carmakers greater flexibility in meeting local production requirements, aiming…
Stellantis said on Tuesday it expects to incur €1.5 billion in costs this year due to U.S. tariffs on vehicles…
Stellantis reported a net loss of €2.3 billion for the first half of 2025, down sharply from a €5.6 billion…
New vehicle manufacturing in the UK declined by 11.9% year-on-year to 417,232 units in the first half of 2025, according…
Stellantis is set to more than double the production capacity of its plant in Kenitra, Morocco, in the coming months,…
BMW CEO Optimistic on “Manageable” EU-U.S. Auto Tariff Deal, Cites Potential for Export Offset Mechanism
By Derick Munoz
BMW Chief Executive Officer Oliver Zipse said on Friday he was optimistic the European Union and the United States could…
ZF Friedrichshafen, Germany’s second-largest automotive supplier, may implement additional cost-cutting measures if global vehicle production continues to decline, the company’s…
German automotive supplier ZF has started mass production of its asynchronous electric motor at its Hangzhou facility in China. The…