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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. Exports of auto parts from the country, in fact, increased by nearly one-third to INR 1.42

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

Teslarati

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. Electrify America uses CCS connectors and charging ports. General Motors and Ford hold a significant market share of the United States auto industry.

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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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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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Ford EV production push receives another shove

Teslarati

Still, as the company looks to dramatically increase its offerings in North America, Oakville will likely play a vital role. What do you think of the article? .” Currently, the Oakville facility produces the Ford Edge and Lincoln Nautilus, neither of which are electric vehicles. Shoot me an email at william@teslarati.com.

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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. Furthermore, as Tesla still leads the auto industry in terms of profit margins, it has the most flexibility regarding its vehicle pricing. What do you think of the article?

Price 132
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Regulatory filing: VW ID.7 coming to China

CN EV Post

7 will enhance the upper mid-size class in Europe, China and North America," Volkswagen said in an April 5 press release. A month ago, as the price war in China's auto industry intensified, FAW-Volkswagen offered discounts of up to RMB 40,000 on ID. For more articles, please visit CnEVPost. The new ID.7

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