BorgWarner Inc. has announced the completion of its acquisition of AKASOL AG. The acquisition is expected to strengthen the company’s commercial vehicle and industrial electrification capabilities, BorgWarner said in a statement.  

Frédéric Lissalde, President and CEO, BorgWarner, said, “We are pleased to complete our acquisition of AKASOL and welcome AKASOL’s talented employees in Germany and the United States to BorgWarner. AKASOL is an excellent strategic fit as BorgWarner seeks to continue to expand its electrification portfolio and capitalize on the profound industry shift towards electrification.”  

At completion of the transaction, the shares of all minority shareholders were automatically transferred to ABBA BidCo AG by operation of law. At the same time, AKASOL AG has been merged into ABBA BidCo AG and AKASOL common stock will cease to be traded on the relevant Stock Exchanges. Sven Schulz, the former CEO of AKASOL, will continue in a consulting role with BorgWarner through the second quarter of the year, the release added. (MT) 

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Shanghai-headquartered Inceptio Technology, a developer of autonomous truck technologies, has joined the Autoware Foundation, a global open alliance for autonomous driving tech.

As part of the understanding, Inceptio will collaborate with members of Autoware Foundation to advance innovation and accelerate the deployment of safe, scalable autonomous truck technologies.

Inceptio's technology portfolio covers L4, L3 and L2+ autonomous driving capabilities. It will leverage its proprietary full-stack Inceptio Autonomous Driving System - which features long-range perception, high-precision tractor and tailer control, fuel-efficient driving algorithm, as well as HPC specifically designed for truck's operating condition. This it shared improves safety, fuel efficiency and operational cost. Using data-driven R&D platform continuously refines core modules in real time, enabling rapid deployment and optimisation of autonomous truck technologies across diverse use cases in trucking.

Launched in 2018, the Autoware Foundation is a non-profit organisation dedicated to supporting open-source collaboration that accelerates the development of autonomous driving technology globally. It counts the likes of Tomtom, Robosense, NXP, Huawei, Hitachi, Capegemini, Foxconn, AMD and Amazon Web Services amongst its members.

Inceptio, on its part, was amongst the first to have launched the industry's first series production autonomous trucks in late 2021. Till date, Inceptio Autonomous Driving System is claimed to have has achieved over 200 million kilometres of commercial operations.

Shinpei Kato, Founder and Fellow, Autoware Foundation said, "We are excited to welcome Inceptio Technology to the Autoware Foundation. Inceptio's proven track record in autonomous trucking and deep industry and production expertise will be invaluable as we work together to build the next generation of autonomous mobility solutions for the trucking industry."

Inceptio will actively participate in the Autoware Foundation initiatives by contributing technology and use cases, exploring new applications, and forging global partnerships.

Julian Ma, Founder & CEO, Inception Technology, added, "We look forward to collaborating with a global open-source community of innovators to accelerate the development of autonomous driving technologies and extend the community's reach deep into truck segment. Our extensive experience in series production and insight from world's largest commercial deployment of autonomous truck uniquely position us to contribute to the Autoware Foundation, driving safer and more efficient logistics worldwide."

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Tata Elxsi, a global leader in design and technology services has signed a Memorandum of Understanding with Infineon Technologies, a leading semiconductor solutions company, to jointly develop application-ready electric vehicle solutions tailored to the Indian market.

The partners will collaborate on design and integration expertise to drive faster adoption of automotive-grade, cost-efficient and safety-compliant subsystems across key mobility segments. This collaboration, the partners stated, aligns with India’s rapid shift towards electrification, with EV sales growing by 25–30 percent year-on-year in 2024, including a 28 percent increase in electric two- and three-wheeler sales.

As part of the understanding, Tata Elxsi will bring its design, system integration and validation capabilities, while Infineon will provide early access to its latest semiconductor technologies – such as silicon carbide (SiC)-based components, microcontrollers and integrated circuits (ICs).

The partners will work closely to develop high-voltage inverters for traction and auxiliary systems, scalable battery management systems (BMS), bi-directional onboard chargers and high-voltage thermal management solutions for the Indian market targeting two-wheeler, three-wheeler, passenger vehicles and commercial vehicle segments. In future, they also look to support eVTOL, energy and off-highway sectors.

Nambi Ganesh, Head – Automotive, Tata Elxsi, said, “Currently, several of our EV solutions are already built on Infineon SoCs and components. This MoU further strengthens our partnership by giving us a clearer scope and tighter system-level alignment, enabling shorter turnaround times to address Indian market requirements. As EV adoption scales, our focus remains on delivering production-ready, automotive standards-compliant platforms and solutions.”

Kenneth Lim, Senior Vice-President – Automotive, Infineon Technologies Asia Pacific, said, “At Infineon, we are committed to driving innovation in the electric vehicle sector and empowering our partners to bring cutting-edge technologies to market. This partnership with Tata Elxsi is a significant step in our journey to support India’s ambitious electrification goals. By combining Tata Elxsi's design and integration expertise with our advanced semiconductor solutions, we are not only enhancing the development of ready-to-deploy EV systems but also ensuring that they meet the highest safety and performance standards. Together, we aim to accelerate the adoption of electric mobility across various segments, from two-wheelers to commercial vehicles, and contribute to a more sustainable future for India.”

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Hindustan Zinc Limited, India's sole and the world's biggest integrated zinc producer, said today that its Board of Directors has authorised the first phase of investments to double production capacity.

This development is in line with the robust rise in the demand for steel both domestically and internationally. Over the next five years, the company intends to increase its capacity for producing metal and silver, increasing its overall production capacity to over 2,000 KTPA and 1500 tonnes, respectively. In addition to expanding related mines and mills throughout its operations, the Board has authorised the proposal to establish a new 250 KTPA integrated smelter at Debari in the Udaipur area of Rajasthan. The company’s current metal production capacity is 1.1 million tonnes. At a total cost of over INR 120 billion, the project is expected to be finished in 36 months.

This is an important development since it coincides with the ongoing global zinc market shortage. Silver output has increased more than 20 times, while zinc production has increased four times since the government sold up its share in 2002 and the Vedanta Group bought it. Holding the second-highest zinc reserves and resources in the world with more than 25 years of mine life, the firm is one of the lowest cost zinc producers in the world.

Arun Misra, CEO, Hindustan Zinc Limited, said, “We are excited to announce this 2x growth project towards doubling our capacity across zinc, lead and silver, which is strategically aligned with the country’s expanding economic landscape, increasing demand opportunities and keeping country self-reliant for Zinc. By closely matching the pace of national growth, we are confident that this will create significant value for our stakeholders and drive long-term success.”

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India’s automotive industry could face fresh supply chain disruptions by mid-July 2025 due to declining inventories of rare earth magnets, following tightened export restrictions and shipment delays from China, according to rating agency ICRA.

Jitin Makkar, Senior Vice President and Group Head – Corporate Ratings at ICRA, cautioned that the situation echoes the semiconductor shortage of 2021–22, which led to the loss of nearly 100,000 passenger vehicles. “Rare earth magnet inventories are projected to last only until mid-July 2025 for several passenger vehicle and two-wheeler applications,” he said.

Neodymium-iron-boron (NdFeB) magnets, critical for high-performance uses like EV traction motors and power steering systems, are heavily imported – around 85 percent of India’s USD 200 million imports in FY2025 came from China. These magnets make up nearly 30 percent of an electric two-wheeler motor’s cost, with motors priced between INR 8,000 and INR 15,000 depending on specifications.

To counter the supply challenge, Indian OEMs and auto component manufacturers are exploring several alternatives: importing fully assembled motors from China, sending rotors to China for magnet assembly, using substitute materials with similar properties, or switching to rare earth-free motors using electromagnets. However, each option faces significant logistical, regulatory, and engineering hurdles.

While the immediate impact could disrupt production planning, ICRA believes the crisis may also drive innovation and diversification in both materials and supply chains for the Indian auto sector.

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