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China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

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China’s State Council has published a plan to develop the domestic energy-saving and new energy vehicle industry, which includes battery-electric vehicles, plug-in hybrid vehicles and fuel cell vehicles. 2012 Chinese Auto Industry Development Report. —Energy-saving and new energy vehicle plan. L/100km (40 mpg US) or less.

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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. Work is on to increase net localisation by another 16-20%, or about INR 24,995 crore, over the following five years ending FY27, they said.

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12th Five-Year Plan for Chinas auto industry to make new-energy vehicles priority

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The 12 th Five-year Plan for China’s auto industry reportedly will make developing new-energy vehicles the top priority. China is targeting annual new-energy automobile sales of 1 million units by 2015, according to the China Association for Automobile Manufacturers. People’s Daily.

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China to Encourage Consolidation in Auto Industry; Push to Increase Market Share of Domestic Automakers

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China’s central government plans to implement a new policy in the first half of this year to encourage auto industry consolidation and further the development of Chinese-brand passenger vehicles, an official from the Ministry of Industry and Information Technology said at a recent news conference. China Daily. of the total.

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Thomson Reuters report finds established auto industry companies, not Silicon Valley, leading development of autonomous driving tech

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The report, which analyzes global patent activity in the field of self-driving automobiles over the last five years, identifies the global leaders in the development of the technologies and also makes predictions about the future of driverless cars. Toyota and Hyundai take the second and third places.

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IHS: average age of light vehicles in US rises slightly in 2015 to 11.5 years; length of new vehicle ownership hits record high

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years, based on a snapshot of vehicles in operation (VIO) taken 1 January 2015, according to IHS Automotive. million (2.1%) since last year and the highest annual increase the auto industry has seen in the US since IHS began tracking VIO growth. As of Q1 2015, the average length of ownership for a new vehicle is 77.8

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Constellium to open Mexico plant for automotive aluminum structural components

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This plant, located in San Luis Potosí, will allow Constellium to respond to increasing demand for lightweight, high-strength aluminium Crash Management Systems and automotive structures for the expanding auto industry in Mexico. billion of revenue in 2015. Constellium generated €5.2

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