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Hyundai Mobis to expand investment in EV parts, automotive chips – ET Auto

Baua Electric

New Delhi: Hyundai Mobis , South Korea’s leading auto parts maker, has said it plans to boost its investment in electric vehicle (EV) parts and automotive chips this year. Such projects will make up around 70% of its total investment, rising sharply from the current 50%, he added.

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How to avoid hidden costs of fleet electrification (Webinar) – Charged EVs

Baua Electric

The free-to-attend conference will feature live presentations, interactive Q&As, on-demand webinars, and whitepaper downloads. The post How to avoid hidden costs of fleet electrification (Webinar) – Charged EVs appeared first on Bauaelectric Auto News. Register to reserve your spot to watch it live or on-demand.

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Renault to launch autonomous miniBus for public transportation – ET Auto

Baua Electric

Further automation of some functions, with the aim of achieving complete vehicle autonomy, seems unlikely for the time being, given current regulations, customer expectations and the cost of the complex technology involved. The additional costs of robotisation and automation could be offset by the absence of on-board operators.

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Magna lags profit estimates, cuts annual sales forecast on supply chain snags – ET Auto

Baua Electric

Canada’s Magna International missed first-quarter profit estimates and cut its full-year overall sales forecast on Friday, as auto parts suppliers navigate ongoing supply constraints and bumpy demand for electric vehicles. The company’s shares were down about 4% in early trade.

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German auto supplier ZF Friedrichshafen needs to cut debt, Handelsblatt reports – ET Auto

Baua Electric

German auto supplier ZF Friedrichshafen is focused on an urgent need to cut its debt because of high interest rates, the German newspaper Handelsblatt reported on Sunday. Klein said he would press ahead with separating the airbag division from the rest of the company, but that a sale was not essential.

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EV components maker Matel raises USD 4 mn in funding – ET Auto

Baua Electric

A lot of the cost of ownership in EV comes from energy-consumption related issues… most of our R&D work is focused on improving the engine’s performance and efficiency across a large footprint of load to solve this,” he added. The firm also has a battery management system under development, Patro said. “A

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EV ride-hailer BluSmart seeks USD 300 mn to expand car fleet – ET Auto

Baua Electric

Electrification is a core pillar to the country’s pledge to reach net zero carbon emissions by 2070, but efforts have been stymied by the high cost of buying an EV and limited charging infrastructure.

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