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CAAM calls for return to normal order in China's auto industry as price war disrupts sector

CN EV Post

(Image credit: CnEVPost) The price war is one of the most talked-about topics in China's auto industry this month, creating operational challenges for many car companies. Now, an industry association is calling for a return to rationality for all parties to bring order to the market.

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China issues draft guidelines to rein in lithium battery industry – ET Auto

Baua Electric

China has released draft guidelines aimed at reining in the country’s lithium battery industry , which has been in Western crosshairs over fears subsidised overproduction could flood global markets with cut-price exports.

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AutoZone’s quarterly profit beats estimates on demand for car parts – ET Auto

Baua Electric

AutoZone beat estimates for third-quarter profit on Tuesday, driven by strong demand for automotive parts as more Americans held on to their ageing cars amid higher prices and wait times for newer models. Quarterly net sales at the auto parts supplier, which competes with Advance Auto Parts and O’Reilly Automotive , rose 3.5%

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Scholz hails Northvolt factory as sign of Germany’s industrial appeal – ET Auto

Baua Electric

Germany is and will remain a strong industrial location, Chancellor Olaf Scholz said on Monday as he formally opened construction at Northvolt’s battery cell factory in Heide, in the northern state of Schleswig-Holstein. Battery cells “Made in Germany” would help to build cars beyond combustion engines, he added.

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A mini industry spawns under the hood of a booming car market – ET Auto

Baua Electric

Under the auto boom, a smaller industry is also growing: the used or pre-owned car market, where for every two new cars, three used cars are sold. Fuelled by rising disposable incomes, an influx of new sport-utility vehicles, and attractive loan rates, India’s car market is racing ahead.

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Paperwork trouble brings misery to second-hand car owner – ET Auto

Baua Electric

Are you one of those mulling to buy a pre-owned car ? Yashawanth purchased a Hyundai i20 Asta car bearing registration No. The car remained at Begur Police Station for eight months. I want those who purchase pre-owned cars to ensure that all documents are transferred to their names within the stipulated time,’’ he said.

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Volkswagen plans cheaper battery model ‘from Europe for Europe’ – ET Auto

Baua Electric

Volkswagen also detailed plans for a range of new battery-powered cars for under 25,000 euros to be unveiled as soon as the end of 2025. German auto giant Volkswagen on Tuesday announced plans for a cheaper-than-ever electric model, as it faces increasingly strong competition from Asian rivals that have taken a lead in battery technology.

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