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AIDA servicing evolving needs of the auto industry | Autocar Professional

Baua Electric

The company offers presses for forming automotive body panels, precision presses for motor cores lamination in electric vehicles, and peripheral equipment for automation. Our engineers have designed a highly practical destacker system that uses magnets for conveying steel materials.

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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. Value-addition from the Indian auto components industry has gone up significantly in the last couple of years and, with the Industry expected to invest another USD 6.5-7

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Electric truck startup Atlis Motor Vehicles demonstrates megawatt charging

Teslarati

Atlis Motor Vehicles, an electric truck startup, has posted a video online demonstrating its megawatt charging technology on its new EV charger. Now, some of the most rapid charging technology available, charging at just over 1 megawatt, has been demonstrated by Atlis Motor Vehicles. Shoot me an email at william@teslarati.com.

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JSW Group wants to disrupt auto industry, to create ‘Maruti movement’ with new energy vehicles – Sajjan Jindal | Autocar Professional

Baua Electric

Like 40 years ago, 1984, when Maruti came into India, it changed the auto industry. ” The newly formed Joint Venture JSW MG Motor India has set itself a target of selling over 1 million new energy vehicles by 2030 and wants to grab a 33% share of the new energy vehicle or electrified vehicle space.

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Hyundai surpassed Volkswagen Group’s operating profit

Teslarati

Hyundai Motor Group surpassed Volkswagen Group’s operating profit for the first time in Q1 2024. As of the first quarter, Hyundai has the second-highest operating profit in the global automotive industry. In Q1 2024, Hyundai Motor Group reported an operating profit of $5.09 billion, slightly below Hyundai.

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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

2012 Chinese Auto Industry Development Report. The fifth annual report on China’s auto industry—2012 Chinese Auto Industry Development Report—says that the next 20-30 years will be a “critical period” that will see the formation of a global new-energy vehicle industry.

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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. Alcon, specializing in brake design with automotive and racing-level durability.

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