LG Chem, Qualcomm, Siemens, Ricardo.
LG Chem continues to grow: The Korean battery maker has bought the cathode material business from GS Energy – including all patents and production sites. According to LG Chem, the deal is part of its plan to become the leading supplier of EV batteries. The supplier already counts GM and Renault to its clients, and was now able to win the business of Faraday Future.
pulsenews.co.kr (GS EM), fortune.com (FF)
Qualcomm to acquire NXP: The world of semiconductors could see its next big takeover, as chip manufacturer Qualcomm has an eye on Dutch competitor NXP Semiconductors. The deal would be worth more than 30bn dollars. Talks, however, are still in the early stages.
forbes.com, wsj.com
Electrifying Norwegian ferries: Siemens will supply the drivetrains for two new battery-electric vessels that will commute on a 2.4 km long route along Norway’s west coast from January 2018. It will be able to transport 120 cars, 12 trailers and 349 passengers. Siemens will therefore claim the title of leading drivetrain supplier for electric ships.
siemens.com
New partners: Ricardo and the University of Sheffield Advanced Manufacturing Research Centre (AMRC) have signed a MoU in the field of powertrain electrification. The two are also said to jointly develop motors, batteries and power electronics for the automotive industry.
greencarcongress.com, automotiveworld.com
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