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European battery maker ACC partners with Circulor to map supply chain, carbon emissions – ET Auto

Baua Electric

The partnership comes as the European auto industry readies for a “battery passport” that will trace the content and carbon footprint of EV cells sold in Europe. The French plant should start mass production soon. billion) investment. Circulor is also part of the battery passport project.

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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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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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Hyundai announces new Hail Mary EV production goal

Teslarati

Hyundai has announced it aims to become a top three global automaker by 2030, primarily through the production of electric vehicles. Specifically, Hyundai aims to increase its annual production run rate of EVs to 3.64 Beyond the obvious investment going into production, Hyundai highlighted its spending on R&D.

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Ford secures nickel supplies with $4.5 billion investment

Teslarati

Besides the massive retooling effort that has taken the auto industry by storm over the past two years, the search for raw materials for EV batteries has become a growing priority for automakers. What do you think of the article? The post Ford secures nickel supplies with $4.5 Shoot me an email at william@teslarati.com.

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How and When the Chip Shortage Will End, in 4 Charts

Cars That Think

Unlike the state of things in mid 2021—when crimps in the semiconductor supply chain cropped up in big ways—supply and demand have become much less of a mismatch. industrial concerns from falling victim to similar semiconductor supply chain snafus in the future. Chipmakers were already on a spending spree.

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ACMA awards 59 companies for excellence in production, innovation, localisation, exports – ET Auto

Baua Electric

The jury panel for the 58th ACMA Excellence Awards, besides Vinod Aggarwal, included, Sunil Kakkar, SIAM Aatmnirbhar Bharat Sourcing Group; and Senior Executive Officer – Supply Chain & Enterprise Strategy at Maruti Suzuki India, Sanjeev Jain, Director Purchase at Honda Motorcycle & Scooter India; Ganesh Mani S.,

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