It's just business: Manufacturing moves from Mitsubishi, NEMA, Ecolectro, and more

As manufacturers strive to optimize and improve profitability, they often use various business strategies to stay competitive. These actions include mergers, acquisitions, promotions, layoffs, funding, and much more. Below are just a few of the companies that are making moves and making headlines in the industrial sector. 

Membership: The National Electrical Manufacturers Association (NEMA) announced the addition of five new member companies—manufacturers Maverick Power, Turck, Wieland Electric, Inc., and Winnie Industries, along with associate member Mill Industries Inc.—and appointed three new members to its Board of Directors: Wade Sheffer of General Motors Energy LLC, Tom Lawton of TESCO Metering, and Sach Sankpal of Acuity Brands, Inc. These new members join NEMA’s network of over 300 companies working to advance a modern, electrified economy and resilient infrastructure. In a recent quote, Debra Phillips, NEMA’s President and CEO, said, “I am proud to welcome the newest members of NEMA’s Board of Directors and these new companies into our growing NEMA membership. Together, we will work to power the electric future for our nation through building connected and resilient infrastructure and ensuring our grid can withstand our current and future challenges.” 
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Partnership: Mitsubishi Motors and Foxtron have signed a memorandum of understanding to supply Mitsubishi with an electric vehicle developed by Foxtron, manufactured by Yulon Motor in Taiwan, and scheduled for launch in Oceania in the second half of 2026. The vehicle will feature strong EV performance and advanced infotainment, aligning with Mitsubishi’s product plan for Australia through 2030. This collaboration supports Mitsubishi’s broader strategy to expand its electrified vehicle lineup globally and advance its carbon neutrality goals. 
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Partnership: Ecolectro and Re:Build Manufacturing have formed a strategic partnership to scale and deploy Ecolectro’s advanced anion exchange membrane (AEM) electrolyzers across the U.S., supporting the decarbonization of hard-to-abate industrial sectors. The collaboration will enable rapid assembly of electrolyzers that eliminate costly precious metals and toxic chemicals, reducing hydrogen production costs to below $2.50/kg in many regions. In a recent quote, Dr. Gabriel G. Rodríguez-Calero, CEO and co-founder of Ecolectro, said, "Renewable hydrogen is essential for decarbonizing industries, but high production and distribution costs have been a significant barrier to adoption. This partnership with Re:Build accelerates manufacturing, helping us deploy our electrolyzers at sites across the U.S. to make renewable hydrogen a scalable, cost-effective solution for industrial use, fueling stations, and energy storage. The partnership will allow us to deliver electrolyzers today, while maintaining a customer-driven and disciplined approach to manufacturing." 
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Personnel: Coreshell, a battery technology company, has appointed Young-Duk Kim as Executive Vice President of Manufacturing and Commercialization. Kim brings over 20 years of experience in battery manufacturing and R&D, including leadership roles at Ultium Cells and LG Energy Solution. In a recent quote, Jonathan Tan, CEO of Coreshell, said, "Young-Duk is one of the few people in the U.S. who has successfully commissioned a battery gigafactory. As we ramp up production, his deep understanding of both battery R&D and high-volume manufacturing - combined with his proven leadership - will be instrumental in our transition from startup to commercial battery producer. His addition to our executive team underscores Coreshell's commitment to delivering at scale for OEMs, partners, and investors." 
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Acquisition: August Electronics Inc. has entered into a definitive agreement to be acquired by Kaynes Canada Limited, a wholly owned subsidiary of Kaynes Technology India Limited, with the transaction expected to close by the end of May 2025 pending regulatory approvals. The acquisition will integrate August into the Kaynes Technology group, enhancing its global connectivity and expanding its capabilities while maintaining its existing leadership team. In a recent quote, Tanya Korenda, CEO of August Electronics, said, "There is a tremendous alignment between August and Kaynes in terms of culture, capabilities, and customer focus. We are extremely excited about this opportunity to join forces and leverage the global scale, engineering strength, and complementary capabilities that Kaynes brings." 
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