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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. We urge every party to get behind it.

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Asahi Kasei announces a $1.6B mfg. investment in the Niagara region

Canadian Manufacturing

billion plant in Ontario’s Niagara Region that will make a key electric vehicle battery component as part of Honda’s supply chain in the province. assembly plant, which it is retooling to produce fully electric vehicles as part of a $15-billion project to create a supply chain in the province for the automaker.

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Christmas comes early for carmakers with production up in November

SMMT

91,923 cars rolled out of factory gates, an increase of 11,832 on November last year, representing the best performance for the month since 2020 as supply chain challenges moved firmly into the rear-view mirror. UK car production rose 14.8% 1 Production for both the home and overseas markets increased, up 13.4% respectively.

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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.

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UK car production up again as inward investment surges

SMMT

The news follows recent announcements of significant investment into advanced automotive manufacturing, with some £4 billion committed by Government and industry combined in November alone, a massive vote of confidence in the sector.1 1 Production for both the home and overseas markets grew in October, up 23.9% to 751,422 units.