Flexciton, an optimization technology company that has developed a unique solution to dramatically improve the efficiency and productivity of semiconductor manufacturing processes, has secured additional funding of € 17.8 million. The Serie A round was led by Nadav Rosenberg (Saras Capital). Flexicon was founded in 2016 and is headquartered in
London / Cologne The automaker said it is investing £ 230 million ($ 316 million) in converting its transmission plant in Halewood, northwest England, to produce electric propulsion units for future all-electric Ford cars and commercial vehicles that will be sold in Europe. Production is scheduled to begin in 2024, Ford announced on
Vauxhall owner Stellantis has announced that it will invest £ 100m in building electric cars and vans in Ellesmere Port, Cheshire, making it the UK's first major vehicle-only factory. It will build four electric vans and their car equivalents under the Vauxhall, Opel, Peugeot and Citroën brands by Stellantis at the
Nissan is reportedly urging the UK government to allocate tens of millions of pounds to build a new electric car battery "gigafactory" in Sunderland. The Japanese automaker hopes to support the construction of a facility that can produce up to 200,000 batteries per year at Nissan's existing Sunderland site.