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Auto supplier Adient cuts jobs, transfers roles in Europe to shave costs – ET Auto

Baua Electric

Automotive seating supplier Adient plc on Monday said it was restructuring its Europe business by cutting jobs and transferring work to countries with lower labor expenses, in a bid to cut costs. The company did not disclose how many employees were affected by the layoffs or which countries it is shifting roles to.

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SAIC’s MG to open second Europe parts centre by the summer – ET Auto

Baua Electric

SAIC is currently evaluating whether to build a factory in Europe. MG, whose electric compact car MG4 was the 23rd best-selling car in France last year after just a year on the market, already has a central logistics centre in Amsterdam, which distributes parts spare parts throughout Europe.

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Renault talks to China’s Li Auto and Xiaomi on tech collaboration – ET Auto

Baua Electric

Renault held talks this week with China’s Li Auto and Xiaomi on electric and intelligent vehicle technologies , the French carmaker said on Friday, opening the door to potential collaboration on technology with the two companies. China disputes the claim and has accused Europe of protectionism.

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Wright’s Law Spells Doom For Legacy Auto Around The World

CleanTechnica EVs

In this article, I explain how Wright’s Law is impacting legacy auto sales in the US, Europe, and China, explaining the factors most affecting each market. Background On Wright’s Law ARK Investment Management has been promoting Wright’s Law for years.

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Europe will miss 2030 chip market goal, says ASML CEO – ET Auto

Baua Electric

Europe will miss its goal of raising its share of the global computer chip market to 20% by 2030 because it is not building manufacturing capacity fast enough, semiconductor equipment maker ASML CEO Peter Wennink said. European chipmakers should be looking to expand in both China and Europe, he said. billion euros (USD 6.9

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Shanghai auto show: Deutsche Bank's preview

CN EV Post

While auto shows have generally started to lose some significance as automakers turn to dedicated launch events, this year's Shanghai auto show could be an exception, said Deutsche Bank analyst Edison Yu's team. (A A file photo taken by CnEVPost at the Shanghai auto show two years ago shows an ET7 wrapped in a blanket.)

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Portuguese company eyes two lithium refineries in Iberia by 2030 – ET Auto

Baua Electric

With some 60,000 tonnes of known reserves, Portugal is already Europe’s biggest producer of lithium, traditionally mined for ceramics. The plan is in line with Europe’s drive to reduce its dependence on countries such as China for key materials for the green transition. “We also have to respond to these challenges.”