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

Teslarati

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. auto sector,” the organization writes. auto sector,” the organization writes. auto industry appeared first on TESLARATI.

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Stellantis strengthens ties with China’s auto industry

Teslarati

Stellantis appears to be strengthening its ties in China’s automotive industry. Stellantis recently repurchased €934 million in shares from Chinese auto company Dongfeng as per a pre-existing share repurchase framework. Dongfeng Motors Corporation Ltd. is a state-owned automobile manufacturer headquartered in Wuhan, Hubei.

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Turbocharge UK competitiveness to win Race to Zero prize, auto industry urges

Electric Cars Report

Britain’s ability to compete as an electric vehicle production leader is at risk unless government responds urgently to increasingly fierce international competition, the Society of Motor Manufacturers and Traders (SMMT) warns in a new blueprint published today.

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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. These components account for more than 75% of auto parts imported into the country. To be sure, China dominates auto parts supplies to India.

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Auto industry spent less on advertising in 2022; Tesla already spends $0

Teslarati

Although Tesla spends $0, the decline in ad spending could be an indicator of troubles for an industry trying to compete with Tesla’s EV lead. Reuters reported that the auto industry’s ad spending fell to $4.8 Follow us for interactive news & more. billion between January and July 2022 or 4% year-on-year.

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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. The post AIDA servicing evolving needs of the auto industry | Autocar Professional appeared first on Bauaelectric Auto News.

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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

Sajjan Jindal the chairman of the JSW Group says he wants to create a ‘Maruti movement’ with the “new energy vehicles.” “With MG, my dream is that we will create a Maruti movement. Like 40 years ago, 1984, when Maruti came into India, it changed the auto industry. They control market share.