Rivian Automotive surprised investors by posting a $24 million gross profit in the third quarter, beating expectations of a $38.6 million loss. The electric vehicle maker achieved this through its Volkswagen joint venture and software services, while maintaining its 2025 guidance.
Yokogawa Electric’s strategic acquisitions of Intellisync and WiSNAM signal a major push into integrated cybersecurity and grid management solutions. The move aims to bridge the critical gap between information technology and operational technology in energy systems. This consolidation reflects broa
The LG Chem-Sinopec partnership on sodium-ion batteries represents more than just another joint venture. This collaboration signals a fundamental realignment in energy storage strategy with global implications.
III-V Epi strengthens its engineering team with semiconductor fabrication specialist Saurabh Kumar. The Glasgow-based company aims to increase manufacturing capacity for custom compound semiconductor wafers as demand grows across multiple industries.
Modular Closets is making a strategic $30 million manufacturing move from New Jersey to North Carolina. The relocation represents a calculated business play in the competitive home organization market. Here’s what the move reveals about their growth strategy.
According to Manufacturing.net, Modul
Automotive supplier Mahle is making a strategic $6.8 million investment in New York, relocating its research center from Michigan. The expansion highlights shifting priorities in the auto industry’s supply chain and regional economic development.
Power management leader Eaton is making a $9.5 billion strategic move into data center cooling. This acquisition signals a fundamental shift in how tech infrastructure will handle AI’s massive power requirements.
Eli Lilly’s massive $3 billion investment in the Netherlands represents more than just another factory. This strategic move signals a fundamental shift in pharmaceutical manufacturing and Europe’s growing importance in the global biotech landscape.
A UK thermal energy storage developer has secured national program backing to bridge the gap between prototype and commercial deployment. This represents a critical step in solving renewable energy’s biggest challenge.
As European robotics funding surges past €761M, ETH Zurich spinout Mimic secures $16M to tackle manufacturing’s worker shortage crisis. Their humanoid hands approach signals a fundamental shift in automation strategy.
