Remove Auto Industry Remove Automobile Remove Global Remove International
article thumbnail

China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

Green Car Congress

This progress includes advanced internal combustion engines; efficient transmissions; lightweight materials; and hybrid and other energy-saving technologies. Natural gas and other alternative fuel vehicle technology is basically mature, the government said, and is headed toward initial industrialization. L/100km (40 mpg US) or less.

article thumbnail

Protean Electric forms partnerships for global production of in-wheel drive motors

Green Car Congress

In-wheel electric drive startup Protean Electric ( earlier post ) has formed relationships with several leading companies in the global auto industry to accelerate its in-wheel electric drive systems to market in high-volume production. MAHLE Powertrain, an engineering service provider to the global automotive industry.

Global 231
article thumbnail

Auto sector sourced 50% parts locally, says minister – ET Auto

Baua Electric

The Indian automobile sector was able to source almost 50% of required auto parts from domestic markets under the INR 26,000 crore Production-Linked Incentive (PLI) scheme, said Union minister for heavy industries Mahendra Nath Pandey on Tuesday. India has emerged as the automotive powerhouse and the world is looking at us.

Auto 52
article thumbnail

CEO’s Take on 2024: Cost efficiency and tech skills make India a global force in auto parts sector, says Nirmal K. Minda, CMD, Uno Minda – ET Auto

Baua Electric

While India has a position as one of the world’s fastest-growing economies, its motor vehicle penetration per capita remains significantly lower compared to the global average. However, this disparity is anticipated to narrow gradually, fueled by rising disposable income and ushering in a lucrative market for the auto industry.

India 52
article thumbnail

Honda to step up its game with new electric motorcycles and EVs

Teslarati

With the popularity of electric vehicles continuously rising, legacy automakers like Honda are reevaluating their place in the general auto industry. Battery electric vehicles (BEVs) are particularly making strides in the global automobile business. The e:N SUV xù concept model was unveiled at Auto Shanghai this month.

article thumbnail

The Auto Industry Must Aim 100% Electrification In 2 & 3-wheeler Segments Says Amitabh Kant

Get Electric Vehicle

According to the Society of Indian Automobile Manufacturers, domestic two-wheeler sales in 2021-22 were 1,34,66,412 units, three-wheeler sales were 2,60,995 units, and overall vehicle sales across categories were 1,75,13,596 units (SIAM). As a result, the overall cost of ownership of an EV is already lower.

article thumbnail

Chery's NEV unit cuts vehicle prices by up to 10%

CN EV Post

This is due to the global price correction of new energy materials and the company's cost control and supply chain management capabilities, Chery New Energy said in an announcement. Earlier this month, multiple traditional internal combustion engine automakers launched price wars with steep discounts.

Chery 94