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CAAM calls for return to normal order in China's auto industry as price war disrupts sector

CN EV Post

(Image credit: CnEVPost) The price war is one of the most talked-about topics in China's auto industry this month, creating operational challenges for many car companies. Now, an industry association is calling for a return to rationality for all parties to bring order to the market.

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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. It is an opportune time as we move to new mobility to create more value-addition in India, so that we are more competitive going forward.”

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Ford EV production push receives another shove

Teslarati

Ford has announced yet another investment in EV production, which will be critical if the automaker hopes to achieve its ambitious production targets. Undeterred, Ford announced that it remains on track to deliver on its EV production goals , including an annual run rate of 600,000 EVs this year and a run rate of 2 million by 2026.

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Hyundai announces new Hail Mary EV production goal

Teslarati

Hyundai has announced it aims to become a top three global automaker by 2030, primarily through the production of electric vehicles. Specifically, Hyundai aims to increase its annual production run rate of EVs to 3.64 Beyond the obvious investment going into production, Hyundai highlighted its spending on R&D.

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China NEV sales reach record 714,000 units in Oct, CAAM data show

CN EV Post

China's auto industry is currently maintaining momentum in production and wholesale sales, but growth in the consumer market has been slightly sluggish, the CAAM said. For more articles, please visit CnEVPost. The post China NEV sales reach record 714,000 units in Oct, CAAM data show appeared first on CnEVPost.

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Polestar eyeing massive production growth, could hit 50k units this year

Teslarati

and other new products will follow it in the near future. Polestar has been in the background of the auto industry, conservatively growing production and sales numbers year over year , and they continue to do so this year. The way forward for Polestar is straightforward; continue sales growth and invest in production.

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Lumax Cornaglia Auto Tech opens new plant for emission products in Pune – ET Auto

Baua Electric

With a workforce of over 200 employees, including 30 highly skilled and experienced engineers, this facility will serve the emission products requirements of the Indian Auto industry. LCAT is engaged in the business of providing emission products i.e. Air Filters, Fuel Tanks , etc. for both two-wheelers and four-wheelers.

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