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Partnership underpins EV innovations

NXP Semiconductors has signed a memorandum of understanding with Foxconn to jointly develop platforms for a new generation of smart connected vehicles. Foxconn will leverage NXP’s portfolio of automotive technologies and expertise in safety and security to enable architectural innovation and platforms for electrification, connectivity and safe automated driving. The…

Buying into battery pack manufacturing

Solid State has entered a conditional agreement to acquire Custom Power, a US-based battery systems manufacturer and energy solutions provider. The acquisition brings complementary benefits, in-line with the group’s aims to internationalise its business, develop its ‘our brand’ product portfolio, broaden its complimentary product portfolio and invest in talent. In…