News

4screen, the pioneering driver interaction platform, has closed a $21 million Series B funding round to accelerate its global growth. Already integrated with many top automotive brands and accessible in millions of connected vehicles, 4screen aims to unlock a major opportunity in mobility: in-car screen advertising. This latest investment will support the company’s international expansion and diversification into new product categories.

On Tuesday, Romania’s National Energy Regulatory Authority (ANRE) approved the establishment of upstream supply pipelines for the Neptun Deep strategic natural gas project, according to a press release issued by the institution. The authorization covers critical infrastructure linking the offshore production area in the Black Sea to the onshore terminal located in Tuzla commune, Constanța County. This approval marks a key milestone in the development and exploitation of Romania’s most significant natural gas discovery in recent decades.

Hyundai Motor Company has finalized development of the IONIQ 9-based Seed Ball Drone Station, designed to aid forest restoration efforts in Korea. This initiative follows the 2023 debut of the IONIQ 5 Monitoring Drone Station. The new project will launch in Uljin, a region on Korea’s East Coast that experienced extensive wildfire damage in 2022. The IONIQ 9 Seed Ball Drone Station, based on Hyundai’s flagship electric SUV, was developed in partnership with Guru E&T, a startup specializing in reforestation technology. The vehicle is purpose-built for forest restoration, supporting activities such as tree planting and environmental monitoring.

The European Automobile Manufacturers’ Association (ACEA), in partnership with the national automotive associations of Czechia, Poland, Romania, and Slovakia, has launched the ACEA Central and Eastern European Automotive Hub (“the Hub”). This new initiative enhances collaboration between ACEA and national industry bodies to more effectively represent the interests of the Central and Eastern European automotive sector in EU policymaking.

The European Commission has selected six projects dedicated to electric vehicle battery cell production to receive a combined €852 million in funding from the EU’s Innovation Fund. Financed through proceeds from the EU Emissions Trading System, this initiative aims to scale up battery manufacturing in Europe, support decarbonization, and strengthen the regional industry.

Hyundai Motor Company (Hyundai) continues to enhance comfort and user experience in its vehicles. As part of its latest upgrade, the company has integrated Google Places into its navigation systems. This new feature is available in all vehicles equipped with the ccNC infotainment system and the latest software update. 

Hyundai and Google have steadily strengthened their partnership in recent years, working together to deliver cutting-edge navigation and infotainment solutions. 

Backed by the German Association of the Automotive Industry (VDA), eleven leading automotive companies have agreed to collaborate on open-source software development in a pre-competitive space. This agreement was formalized at the end of June with the signing of a memorandum of understanding during the Automotive Electronics Congress in Ludwigsburg, Germany. The signatories include BMW Group, Robert Bosch, Continental, ETAS, Forvia’s Hella, Mercedes-Benz Group, Qorix, Valeo, Vector Informatik, Volkswagen Group, and ZF Friedrichshafen.

Munich-based robotics startup Filics, a pioneer in autonomous load carrier handling solutions, has successfully closed a €13.5 million financing round. The round attracted new investors including Sandwater, Alven, F-LOG Ventures, and the Amazon Industrial Innovation Fund. 

The funding will primarily support the further development of Filics’ robotics platform and the scaling of its product portfolio. Additionally, the company aims to expand internationally.

China’s carmaker Changan has confirmed its intention to build its own plant for electric passenger cars in Europe. They plan a European factory to support their future sales in the region and are searching possible locations for the plant.

Changan joins a number of other Chinese automakers that have already launched sales in Europe, including BYD and Chery.

ABB has launched Flexley Mover® P603 platform AMR, the most compact model in its class to handle payloads of up to 1500 kg. The AMR P603 represents a new generation in ABB’s Autonomous Versatile Robotics lineup, designed for effortless real-time task switching. Powered by AI-driven Visual SLAM navigation, it delivers enhanced speed, intelligence, and safety.

ROHM has introduced the BM6GD11BFJ-LB, an isolated gate driver IC specifically engineered to drive high-voltage GaN HEMTs. When paired with GaN devices, this driver ensures stable performance in high-frequency, high-speed switching environments—supporting enhanced miniaturization and efficiency in high-current applications like motors and server power supplies. Improving the efficiency of these systems increasingly relies on wide bandgap technologies like SiC and GaN, which enable more efficient control and conversion of electrical energy.

The energy price index rose 9.7% in June, driven by an 11.3% surge in crude oil.

Metal and precious metal prices increased by 1.7% and 2.6%, respectively.

Tata Consultancy Services (TCS), a member of India’s Tata Group, has announced the opening of a new engineering center in Romania as part of its strategic growth in Europe. The new facility will specialize in software-defined vehicle (SDV) technologies, establishing Romania as a central hub in the company's development of next-generation mobility solutions. The Romanian center is part of a broader European initiative that includes the opening of two additional automotive delivery hubs in Germany, located in Munich and Villingen-Schwenningen.

A substantial stockholding investment at Ventec International Group’s headquarters in Kirchheimbolanden, Germany, ensures consistent supply and enhances delivery efficiency. The PCB materials specialist—renowned for its innovation, manufacturing, and comprehensive offering of copper-clad laminates, prepregs, process consumables, and PCB production equipment—has established significant inventory volumes of halogen-free FR4.1 and FR15.1 materials at its European hub.

Volvo Cars has entered into a new agreement with Swedish steel manufacturer SSAB to source high-quality, recycled, near zero-emissions steel beginning in 2025. This makes Volvo Cars the first automotive company to secure a supply deal with SSAB for this type of steel for use in serial production. The agreement builds on the companies' longstanding partnership and reflects their shared commitment to leading the shift toward more sustainable steel solutions.