article thumbnail

Nidec to form electric traction motor JV with a subsidiary of Guangzhou Automobile Group

Green Car Congress

Leading motor manufacturer Nidec Corporation will form a joint venture with GAC Components Co., a member of China-based Guangzhou Automobile Group Co., to manufacture automotive traction motors. The tentative name of the JV is Guangzhou Nidec Auto Drive System Co., Nidec in-wheel motor. billion to US$9.3

article thumbnail

FY2024 India auto sales rise 12% to 23.85 million units | Autocar Professional

Baua Electric

The Indian automobile industry has wrapped up FY2024 with total wholesale vehicle dispatches of 23.85 The not-so-good news is that India Auto Inc is still 2.41 The not-so-good news is that India Auto Inc is still 2.41 Though FY2024’s 23.85 million units constitute a strong showing, India Auto Inc is still 2.41

India 52
article thumbnail

GAC Group begins construction of $6.5B industrial park for electric and intelligent vehicles

Green Car Congress

China-based automobile manufacturer Guangzhou Automobile Group (GAC Group), the parent company of GAC Motor, has begun construction of a large industrial park for electric and intelligent vehicles as part of its efforts to boost its electric vehicle business. —Yu Jun, General Manager of GAC Motor.

article thumbnail

Genesis premieres first EV model: Electrified G80

Green Car Congress

Genesis officially introduced its first EV model, the Electrified G80, to the global market at the 2021 Shanghai International Automobile Industry Exhibition (Auto Shanghai 2021). The Electrified G80 builds on the heritage of the G80, which sits at the core of the Genesis sedan lineup. The Electrified G80’s efficiency is 4.3

article thumbnail

European Auto Industry Expresses Concern Over Iron Ore Price Hikes

Green Car Congress

The European automobile industry expressed concern about the “ sudden and massive ” increase in the price of iron ore, a crucial material for producing steel. The automobile industry needs broad access to raw materials at competitive conditions, especially in times of fragile economic circumstances, ACEA said.

article thumbnail

Volkswagen Group’s new Future Tracks program targeting digitalization era in auto industry; “James 2025”

Green Car Congress

At the Geneva Motor Show and now at the IT trade fair CeBIT in Hanover, Germany, Volkswagen Group executive management has begun to outline its “Future Tracks” program which will address, among other things, what Chairman of the Board of Management Prof. Information technology has been a key component of the automobile industry for some time.

article thumbnail

UAW President: Tesla workers are union “members of the future”

Teslarati

In a response to Ford Motor Co. I still believe the automobile industry is a major force for good in our country. If Ford wants to be the all-American auto company, they can pay all-American wages and benefits. The UAW’s strike against Ford, General Motors (GM), and Stellantis has closed out its first month.

Future 138