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Auto industry to invest USD 7 bn in 5 years to deepen parts localisation – ET Auto

Baua Electric

“World over, the industry is building resilient supply chains by reducing overdependence on any particular country or geography,” said Shradha Suri Marwah, president of ACMA. Besides reducing imports, the industry also looks to make India an export hub for advanced auto components. lakh crore in FY22.

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GlobalFoundries, Ford partner to address auto chip supply and meet growing demand

Green Car Congress

GlobalFoundries (GF), a global leader in feature-rich semiconductor manufacturing, and Ford Motor Company announced a strategic collaboration to advance semiconductor manufacturing and technology development within the United States, aiming to boost chip supplies for Ford and the US automotive industry. billion units expected by 2024.

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Magna lags profit estimates, cuts annual sales forecast on supply chain snags – ET Auto

Baua Electric

Magna executives said on a post-earnings call the company was assessing impacts from automakers’ shifting electrification plans, particularly in North America. Supply chain constraints, coupled with labor shortages which began during the pandemic, also continue to impact the auto industry as they try to ramp up production.

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Hyundai Mobis to invest $926M in EV systems plant in Georgia

Green Car Congress

The plant supplies automotive manufacturers with complete cockpit modules, chassis modules, as well as bumper assemblies. Hyundai Mobis’ investment project in Bryan County reflects an acceleration in the development of the EV supply chain in Georgia’s auto industry.

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The Tesla Cybertruck’s most formidable rival gets a bullish battery supply update

Teslarati

The Ford F-150 Electric, arguably the most formidable rival to upcoming vehicles like the Tesla Cybertruck and the Rivian R1T, has practically secured its battery supply. The post The Tesla Cybertruck’s most formidable rival gets a bullish battery supply update appeared first on TESLARATI.

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Tesla supply chain: Biden team plans $52B funding to address chip shortage among US carmakers

Teslarati

The CHIPS Act would establish investments and incentives to support semiconductor manufacturing, research & development, and supply chain security in the United States. The Tesla Model S Plaid’s initial production was delayed due to chip supply shortages. “I am engaging almost daily with industry.

Supplies 145
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Documenting the EV battery material supply chain: Traceability challenges, Part One

Charged EVs

Thanks to the “Buy American” requirements of the Bipartisan Infrastructure Law (BIL) and Inflation Reduction Act (IRA), and similar provisions in the EU’s new Battery Directive, traceability is becoming a critical function in the EV industry. Traceability is a topic we’re beginning to hear a lot about in the EV industry.

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