article thumbnail

The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

market, the company’s recent release of a city EV with a price tag under $10,000 has some worried for when it and other low-cost companies do. BYD launched its Seagull, a small hatchback EV with a price tag starting at 69,800 yuan (~$9,773), at the Shanghai Auto Show last year. auto market anytime soon , some U.S.

article thumbnail

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

CN EV Post

Reducing prices to deal with inventory and properly recover costs are normal business practices, but these tactics should not turn into price wars, the CAAM said. 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.

article thumbnail

AIDA servicing evolving needs of the auto industry | Autocar Professional

Baua Electric

The company’s business emphasis is on providing fully integrated production lines to enhance productivity for OEMs. Yes, AIDA specialises in providing a comprehensive range of presses to support the global automotive industry. Apart from presses, we also develop and manufacture peripheral equipment essential for automation.

article thumbnail

Germany’s auto industry – outrun by Tesla – to axe thousands more jobs

Baua Electric

Major car suppliers in Germany say they are struggling with the high upfront costs of shifting to EVs and “slow demand,” with companies looking to lay off thousands of workers, as much as 20% of total staff in some cases, in the coming years. FTC: We use income earning auto affiliate links. Get started here.

article thumbnail

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.”

article thumbnail

2024 trends in the auto industry promise a focused approach | Autocar Professional

Baua Electric

The automotive industry, backed by government support, has undertaken many initiatives to localise non-critical components and establish electronics assembly and design centres within the country. With organisations putting innovation in the fast lane, significant transformations can be expected in the industry.

article thumbnail

ISU study finds large potential for biobased materials in auto industry, but with challenges

Green Car Congress

However, they noted, there are also many challenges associated with the use of biobased parts in the auto industry. Cost to manufacture is one of the main considerations. Switching to biobased materials is a very complex process and is many times an optimal balance of the above considerations against the cost to manufacture.