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300mm fab equipment spending forecast to rise to record levels by 2027: SEMI report

Canadian Manufacturing

MILPITAS — Global 300mm fab equipment spending for front-end facilities is forecasted to reach a record US$137 billion in 2027 after topping US$100 billion for the first time by 2025 on the strength of the memory market recovery and strong demand for high-performance computing and automotive applications, SEMI highlighted on Mar.

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UK Automotive needs an aerodynamic approach amid election headwinds

SMMT

Last year’s £20 billion investment in UK Automotive’s net zero transition, from Cowley and Coventry to Ellesmere Port and Sunderland, helped reset the narrative for global automotive investment in Britain – and our collective mission in 2024 is to ensure these commitments generate just returns.

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UK Automotive welcomes plan to extend EV trade rules and calls for urgent adoption to avoid tariff cliff-edge

SMMT

The UK automotive industry has today welcomed the European Commission’s proposal to extend the current rules of origin for electric vehicle batteries under the Trade Cooperation Agreement (TCA) until 2027 – and urged every government to back it. Any cost increase would act as a barrier to uptake, undermining their competitiveness.

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Remove the remaining roadblocks and automotive will thrive

SMMT

As the season’s festivities get underway, some outstanding issues remain before the automotive industry can call time on 2023. Last week we took a collective breath as the European Commission proposed to extend the current EU-UK trade rules governing EVs and batteries to 2027.

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Recycled Materials for Mobility Market Valued at $3.9 billion by 2027

Plastics Today

Report cites automotive fabrics, splash guards, radiator shrouds, and dashboards as key applications.

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SMMT International Automotive Summit: Manifesto for growth

SMMT

With countries around the world accelerating their efforts to attract international investment in advanced manufacturing, Britain’s automotive sector has called on all political parties to back the UK by committing to five key pledges as part of a dedicated industrial strategy.

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US Electric Vehicle (EV) Tax Credits Signal New Era for Automotive Policy

Frost & Sullivan Manufacturing

This required percentage share will increase from 40% to 50% in 2024, 60% in 2025, 70% in 2026, and 80% in 2027. Like the mineral sourcing requirement, the required share of battery pack content will also progressively increase: 60% in 2024 and 2025, 70% in 2026, 80% in 2027, 90% in 2028, to finally 100% in 2029.