article thumbnail

AIDA servicing evolving needs of the auto industry | Autocar Professional

Baua Electric

Since 1917, AIDA has led the metal-forming industry as the well-known manufacturer of metal-forming systems, particularly servo and mechanical presses for various applications in the global automotive and component industries, including OEMs and Tier 1 to Tier 3 suppliers.

article thumbnail

Global EV sales are ‘robust’ – more than 1 in 5 cars sold in 2024 will be electric

Baua Electric

More than 1 in 5 cars sold globally this year is expected to be electric, with surging demand projected over the next decade, says a new International Energy Agency (IEA) report. The latest IEA Outlook report asserts that global EV sales are set to remain “robust” in 2024, reaching around 17 million by the end of the year.

Global 52
article thumbnail

VinFast announces new EV facility in India

Teslarati

. “We believe that investing in Tamil Nadu will not only bring considerable economic benefits to both parties but will also help accelerate the green energy transition in India and the region,” said Tran Mai Hoa, VinFast Global’s Deputy CEO of Sales and Marketing. In August 2023, VinFast Auto Ltd.

India 83
article thumbnail

Tesla supply chain: Biden team plans $52B funding to address chip shortage among US carmakers

Teslarati

Companies around the globe have been affected by the global chip shortage, including US automakers like Ford, General Motors, and Tesla. . With the CHIPS Act, the Biden administration hopes to address the challenges caused by the global chip shortage and prevent similar situations from affecting US companies in the future.

Supplies 143
article thumbnail

Disruptive tech, sustainability agenda driving India’s auto INC | Autocar Professional

Baua Electric

Regardless of the current softer global economic climate and its inevitable impact at home, the country’s automotive industry is set for robust and resilient growth enabled by disruptive technologies and a sustainability mindset. India is the world’s third-largest automobile market.

Auto 40
article thumbnail

Japan Automakers Support B5, E10 as Baseline Biofuel Blends, Recommend Specifications to ASEAN Countries

Green Car Congress

The Japan Automobile Manufacturers Association, Inc (JAMA), a nonprofit industry association comprising fourteen manufacturers of passenger cars, trucks, buses and motorcycles in Japan, recently issued position statements on and recommended specifications for bioethanol and biodiesel (fatty acid methyl ester, FAME). Specifications.

Japan 225