Daily EV news · Global · 3 March 2026
EV Charging
TE Connectivity acquires Phoenix Contact charging inlets business for OEM supply
TE Connectivity has completed an asset purchase of Phoenix Contact E-Mobility's charging inlets business, acquiring the vehicle-side charging sockets used in electric vehicles. Phoenix Contact will retain its charging cables and plugs but is withdrawing from the automotive sector entirely. TE Connectivity, headquartered in Schaffhausen, Switzerland, says the deal strengthens its ability to serve global automotive OEMs and expand its commercial presence in Europe and other key markets, though financial terms were not disclosed.
Why it matters
The acquisition consolidates supply of vehicle charging inlets under a major tier-one supplier, potentially affecting OEM procurement strategies and continuity for existing charging socket programmes. Phoenix Contact's exit from automotive leaves a gap in the market that TE Connectivity is positioning to fill with an expanded product range for European and global customers.
TE Connectivity (global) · Phoenix Contact (global) · Source
Electric Vehicles
Hyundai IONIQ 5 sales climb 33% in February as US EV market slows
Hyundai reported a 33% year on year increase in IONIQ 5 sales for February, bucking a broader slowdown in the US electric vehicle market. The model's performance comes as other manufacturers face declining EV demand, with Hyundai's result marking a record February for the IONIQ 5. Electrek published the figures, highlighting the contrast between Hyundai's growth and wider market trends.
Why it matters
Strong sales of a single model can signal sustained demand for charging infrastructure in regions where the IONIQ 5 is popular, even as overall market growth moderates. Procurement teams may need to plan for uneven geographic or brand specific utilisation patterns rather than uniform network expansion.
Toyota, Tesla and Honda advance solid state battery programmes for electric vehicles
Toyota, Tesla and Honda are leading development of solid state battery technology for EVs, according to a report covered by Google News. The article discusses progress by the three manufacturers in bringing solid state cells to market, though no specific deployment timelines or capacity figures are provided in the excerpt.
Why it matters
Solid state batteries promise higher energy density and faster charging than current lithium ion cells, which could reduce infrastructure dwell times and influence future charging network design and power requirements for CPOs.