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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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GM’s Tesla NACS support spells trouble for Electrify America [Opinion]

Teslarati

General Motors’ (GM) support for Tesla’s North American Charging Standard (NACS) might be trouble for Electrify America. With two out of three of the United States’ top legacy automakers supporting Tesla’s NACS, Electrify America’s position in the EV charging space is precarious at best.

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Electrify America bug opens hacking vulnerability concerns [Updated]

Teslarati

Update 5:39 PM ET: Electrify America has responded to Teslarati with the following statement: “Intentionally accessing a computer system without authorization can be a serious crime and may incur civil liability as well. Worryingly, Electrify America has not yet responded to this allegation either.

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

Baua Electric

Magna executives said on a post-earnings call the company was assessing impacts from automakers’ shifting electrification plans, particularly in North America. Supply chain constraints, coupled with labor shortages which began during the pandemic, also continue to impact the auto industry as they try to ramp up production.

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Musashi appoints Naoya Nishimura as CEO for India, Africa region – ET Auto

Baua Electric

Naoya Nishimura as CEO for India, Africa region New Delhi: Musashi Auto Parts India Pvt Ltd (Musashi), a 100% owned subsidiary of Musashi Seimitsu Industries, Japan, and a manufacturer of two-wheeler and four-wheeler transmission components in India, has appointed Naoya Nishimura as its Chief Executive Officer (CEO).

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Another Tesla price cut possible thanks to plummeting lithium prices

Teslarati

Now, according to Reuters , lithium prices have hit all-time lows in China, following similar movements in North America and Europe. Meanwhile, in North and Central America, corporations and governments alike have doubled down on lithium investments, especially as the United States looks to decouple itself from Chinese supply.

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Honda breaks ground on its $4.4 billion Gigafactory in the US

Teslarati

billion facility in Ohio is Honda’s first battery plant in North America, built in conjunction with LG. “We are excited to embark on this partnership with Honda, a leader in the global auto industry with a reputation for quality and reliability,” said Robert H. What do you think of the article?

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