Volkswagen’s EV game was rocky at first, but now the German automaker is humming along nicely. With sales going in the right direction, the company vowed to bring back buttons and get rid of the annoying touch sliders on the next wave of EVs. But that’s not all, as it plans big improvements under the skin, too.

As part of the collaboration, which began in August this year, FeroTech has become a system integrator of Honeywell products. FeroTech says the partnership will allow the company to integrate Honeywell technologies into their work, creating customised solutions for clients.

“This is a major milestone for FeroTech, with Honeywell being such a recognisable brand in the industry,” says FeroTech Director Peter Hill, Affil.AIRAH.

Chinese automaker BYD is putting on an impressive show at this year’s IAA Mobility in Munich, underscoring its ambitions in Europe with a wide array of events, exhibits, and test drives.

MariaGrazia Davino, BYD’s regional managing director, described the company’s presence as one marked by “great momentum.” Speaking on the sidelines of the fair, she highlighted how BYD has created multiple touchpoints across the city to engage with both industry and the public.

Today, leading semiconductor equipment manufacturer ASML Holding NV (ASML) and France-based AI leader Mistral AI announced a strategic partnership based on a long-term collaboration agreement to explore the use of AI models across ASML’s product portfolio as well as research, development and operations, to benefit ASML customers with faster time to market and higher performance holistic lithography systems.

In addition, ASML is investing 1.3 billion EUR in Mistral AI’s Series C funding round as lead investor, in order to support its development and reinforce the long-term partnership benefits. This results in ASML holding an approximately 11 percent share on a fully diluted basis in Mistral AI.

IQE plc expects FY2025 revenue of £90–100m and adjusted EBITDA between £(5.0)m and £2.0m, reflecting weak demand in wireless markets, ongoing mobile handset softness, and deferred US defence orders into 2026. H1 2025 revenue is anticipated at ≥£44m with adjusted LBITDA of £(0.4)m.

The Board has expanded its Strategic Review to include a potential sale of the company, alongside progressing negotiations to sell its Taiwan operations, with proceeds aimed at repaying debt and supporting core operations.

At CATL Open Day, the company unveiled Shenxing Pro, the world's first lithium iron phosphate (LFP) battery that can achieve sustained high voltage supply, maintained power, no fire, and no smoke after thermal runaway. Designed to meet Europe's e-mobility needs, Shenxing Pro sets new benchmarks in safety, lifespan, range, and superfast charging, positioning it as the optimal solution for the Europe's rapidly expanding electric vehicle (EV) market.

The U.S. government is apparently mulling over the decision to replace indefinite wafer fab equipment export permissions for Samsung and SK hynix's with annual licenses. The decision will add significant regulatory complexity, but will at least maintain continuity for fab operations, which means no disruption to the highly-volatile global supply of DRAM and NAND memory, reports Bloomberg.

SK hynix has assembled the world’s first High NA EUV lithography system for mass production at its M16 plant in Icheon, South Korea. This next-generation technology, developed in collaboration with ASML, enables finer and denser patterns for producing next-generation DRAM. The milestone strengthens SK hynix’s position in the competitive semiconductor market and supports global supply chain stability through close partner collaboration.

LG Energy Solution Ltd., one of the world’s top battery makers, has won an order to supply electric vehicle batteries to German automotive giant Mercedes-Benz in a deal estimated at 15 trillion won ($10.8 billion).

The South Korean battery maker said in a regulatory filing on Wednesday that it had signed two contracts to provide a total of 107 gigawatt-hours (GWh) of batteries to the German automotive group.

Lithium-ion batteries are increasingly finding use cases far beyond electric cars and consumer electronics. Batteries are stabilizing transmission grids, serving as backup energy storage systems and cushioning the enormous power demands of AI data centers, helping the world shift towards renewable energy and away from fossil fuels.