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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 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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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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Brexit deal poses ‘existential threat’ to UK car manufacturing, industry warns

E&T

The prime minister Rishi Sunak is facing pressure from the car manufacturing industry to renegotiate the ' Trade and Co-operation Agreement' (TCA) with the European Union (EU). Stellantis, which employs more than 5,000 people in the UK, was responding to an enquiry into the supply of batteries for EV manufacturing in the country.

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Christmas comes early for carmakers with production up in November

SMMT

in November, according to the latest figures published today by the Society of Motor Manufacturers and Traders (SMMT). of total manufacturing output. The news comes ahead of the approval of the European Commission’s proposal to extend the current EU-UK trade rules governing EVs and batteries to 2027. respectively.

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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.

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Ballard Power signs order with European bus manufacturer Solaris

Canadian Manufacturing

Ballard Power Systems says it has signed a long-term supply agreement with European bus manufacturer Solaris Bus & Coach that it calls its largest order ever for fuel cell engines. Ballard says delivery is expected to start this year and run through the end of 2027.