- In March 2025, American Axle & Manufacturing (AAM) acquired Dowlais Group’s GKN Automotive and GKN Powder Metallurgy divisions to expand its expertise in powertrain-agnostic solutions. This acquisition enhances AAM’s capabilities in EV and hybrid vehicle components, aligning with the industry’s shift toward electrification. The deal strengthens AAM’s global supply chain presence, particularly in North America and Europe, to meet rising OEM demand for advanced driveline systems
- In February 2025, Hyundai entered a strategic partnership with CATL, a leading battery manufacturer, to supply high-performance batteries for its future EV models. This collaboration focuses on developing next-generation batteries with enhanced energy density and faster charging capabilities. By ensuring a stable battery supply chain, the partnership strengthens Hyundai’s competitiveness in the global EV market, particularly in North America and Asia-Pacific
- In January 2025, Volkswagen expanded its Modular Electric Drive Matrix (MEB) platform, introducing the ID.7 electric sedan with advanced driver-assistance systems (ADAS) and an improved battery range. This upgrade supports multiple EV models, enhancing production flexibility and cost efficiency. The expansion strengthens Volkswagen’s position in the global EV market, particularly in Europe and Asia-Pacific, where demand for sustainable mobility continues to rise
- In January 2025, General Motors (GM) merged its Cruise robotaxi business with its in-house autonomous and driving assist technology division, responsible for Super Cruise software. This strategic consolidation follows a $9 billion investment in Cruise, aiming to streamline autonomous vehicle development and enhance efficiency in a competitive market. The merger strengthens GM’s capabilities in autonomous driving technology, with expectations of contributing USD 1 billion to 2025 revenues
- In October 2023, Stellantis acquired a 20% stake in Leapmotor, a Chinese EV manufacturer, and expanded the partnership in 2025 to co-develop affordable EV models for global markets. This collaboration leverages Leapmotor’s cost-effective battery technology to enhance Stellantis’ EV portfolio, aiming for 500,000 sales outside China by 2030. The alliance strengthens Stellantis’ presence in Asia-Pacific and supports its electrification goals
