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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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Car parts maker Valeo posts lower first-quarter sales on weak EV demand – ET Auto

Baua Electric

Car parts makers face slowing auto production, leaving suppliers with excess capacity, and are striving to reduce costs, including laying off workers, as Chinese EV makers expand in Europe. As a result, EV high-voltage activity almost halved in the quarter, the CEO said.

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Sona Comstar opens plant in Mexico to meet N. American demand for BEV parts – ET Auto

Baua Electric

This move is to meet the growing demand for high-quality driveline solutions for Battery Electric Vehicles (BEVs) in North America, the company said. Over time, it will further diversify its product range to accommodate the evolving technological advancements in electric vehicles.

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The rising role of software in electric vehicles – ET Auto

Baua Electric

Software plays a pivotal role in enhancing the driving experience in electric vehicles (EVs) by enabling various features and functionalities that improve convenience, efficiency, and overall user satisfaction. Further, OEMs can explore partnerships with technology companies, research institutions, or specialized data providers.

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Rane (Madras) opens new facility in Aguascalientes, Mexico, for steering parts – ET Auto

Baua Electric

The first business for this facility is an order for supply of inner and outer ball joints to a leading automotive tier-1 for an upcoming electric vehicle platform of a leading American OEM. The program is slated for launch in 2025 with a peak annual sales value of INR 80 crore, the company said in a media release.

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CEO’s Take On 2024: Demand for feature-rich, safe, connected and electric vehicles to drive auto parts industry, says Bosch India chief – ET Auto

Baua Electric

Q: What is your view on the readiness of the component industry for the shift towards adoption of multiple fuel technologies and electric vehicles (EVs) in 2024? Hybrids, EVs and Hydrogen vehicles will be the technologies for the future. Technologies are rapidly evolving in the automotive space.

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Sona Comstar adopts 3-pronged strategy to beat China globally in EV parts supply – ET Auto

Baua Electric

Sona Comstar provides mission critical systems for electrified and non-electrified powertrains to BEVs as well as ICE vehicles, in India and many markets across the world. This is when the EV market has already begun to slow down in some geographies.

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