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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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Li Auto's Beijing plant expected to see 1st vehicle roll off line by Sept

CN EV Post

Li Auto 's first all-electric model will go into production at its Beijing plant, with an annual capacity of 100,000 all-electric vehicles in the first phase. Li Auto US | Li Auto HK (A rendering of Li Auto's factory posted on Weibo by Beijing Shunyi district authorities.)

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CEO’s Take on 2024: Cost efficiency and tech skills make India a global force in auto parts sector, says Nirmal K. Minda, CMD, Uno Minda – ET Auto

Baua Electric

Minda, CMD, Uno Minda Edited excerpts: Q: After two consecutive years of swift growth in the auto component industry ‘s performance, what is your outlook for 2024? The past two years have seen a remarkable transformation in the Indian auto and auto component industry.

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VW joins China auto price war, offers up to $5,820 discount on ID. series EVs

CN EV Post

The price war in China's auto industry continues, with Volkswagen becoming the latest to join in. 6 Crozz, two SUVs with suggested retail prices starting at RMB 217,900 and RMB 258,900 respectively. For more articles, please visit CnEVPost. percent from 10,442 units in the same period last year. series of ID.4

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Genesis unveils next step in performance EVs

Teslarati

Genesis has unveiled the GV80 electric SUV concept, which shows an unusual next step in performance EVs for the brand. With the entrance of its first electric offerings, including the G80 sedan and GV70 SUV , the brand is battling with the best for dominance in the luxury EV market. What do you think of the article?

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Changan's NEV brand Shenlan aims for 200,000 sales this year

CN EV Post

Shenlan's goals for 2023 include selling 200,000 vehicles and making both the SL03 and S7 hot-sellers, the brand's CEO Deng Chenghao said in an interview with Auto Home, according to the text of the interview released yesterday. I think the whole industry will be sustainable only if there is a value war," he said.

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Polestar eyeing massive production growth, could hit 50k units this year

Teslarati

Luckily this is just the beginning of the brand’s expansion; Mr. Ingenlath hopes that the company’s new Polestar 3 SUV can be a volume seller in the U.S., Polestar has been in the background of the auto industry, conservatively growing production and sales numbers year over year , and they continue to do so this year.