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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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Stellantis strengthens ties with China’s auto industry

Teslarati

In October, the legacy automaker invested in China-based Leapmotor to expand its global electric vehicle (EV) sales. Earlier this week, Stellantis signed a lithium-iron-phosphate LFP battery cell agreement with Chinese battery supplier Contemporary Amperex Technology Co (CATL). “We Stellantis invested €1.5

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ABB and HASCO create joint venture to drive smart manufacturing in China’s auto industry

Green Car Congress

The joint venture will build on the existing successful relationship between the two companies, leading to the development of highly flexible and sustainable auto parts manufacturing within HASCO’s China-based operations. Both parties agreed not to disclose any further details about the investment.

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Renault CEO calls for Auto European plan to protect against ‘onslaught of EVs from China’

Teslarati

Renault CEO Luca de Meo released a 19-page open letter to Europe describing an auto European plan to protect against the ‘onslaught of electric vehicles (EV)’ coming from China.” China is making rapid inroads into the all-electric vehicle segment. Stellantis also invested in China-based Leapmotor to expand global EV sales.

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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. Automakers and their suppliers are likely to make this investment between FY24 and FY28, industry body Automotive Component Manufacturers Association ( ACMA ) said.

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thyssenkrupp opens new development center for powertrain technology in China

Green Car Congress

Industrial and technology group thyssenkrupp has opened a new €10-million (US$10.9 million) development center for engine components in Dalian, China. With the new development center we want to serve our customers in China with even better customized and more efficient products. —Karsten Kroos.

China 150
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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

China is targeting the cumulative production and sales of more than 5 million new energy vehicles, including fuel cell vehicles, by that time as well. This progress includes advanced internal combustion engines; efficient transmissions; lightweight materials; and hybrid and other energy-saving technologies. L/100km (52.3