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

Baua Electric

Quarterly net sales at the auto parts supplier, which competes with Advance Auto Parts and O’Reilly Automotive , rose 3.5% However, domestic same-store sales in the quarter remained flat from a year earlier. to about USD 4.24 Analysts on average were expecting AutoZone to report third-quarter net sales of USD 4.29

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Price wars fail to boost China's auto consumption

CN EV Post

With consumers in a wait-and-see mood, orders and transaction rates did not increase significantly, and auto demand recovered less than expected, the CADA said. However, orders and transaction rates did not increase significantly as consumers were in a wait-and-see mood, and auto consumer demand did not recover as expected, the CADA said.

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EV maker Tesla breaks ground on Megapack energy storage battery factory in Shanghai – ET Auto

Baua Electric

The market leader is Chinese auto company BYD. According to Tesla’s website, each Megapack can store more than 3.9 Tesla opened an EV plant in Shanghai in 2019 that assembles cars for China, Europe and other overseas markets. It is the No. 2 seller in the booming Chinese market for electric vehicles.

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Tata Motors launches innovative Harman Ignite Platform in its passenger vehicles – ET Auto

Baua Electric

Harman Ignite Store is designed to meet the rigorous demands and standards of the automotive environment — a value proposition that Harman calls ‘Consumer Experiences. We are delighted to collaborate with Tata Motors and bring India its first integrated in-vehicle app store. Automotive Grade.’

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NIO launches new ET7, unveils new ES6 at Shanghai auto show

CN EV Post

The 2023 ET7 is now available for pre-order and order lock-ins, with deliveries to begin in mid-May, William Li, founder, chairman and CEO of NIO, announced today on the first day of the Shanghai auto show. New ES6 (Image credit: CnEVPost) The new ES6 made its debut today at the Shanghai auto show.

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Li Auto partners with AR firm Leiniao as NIO-backed Nreal nears product launch

CN EV Post

Starting August 25, Leiniao Air XR glasses will be available on Li Auto's online store, and on August 23, Nreal will hold its first AR glasses launch in China. The post Li Auto partners with AR firm Leiniao as NIO-backed Nreal nears product launch appeared first on CnEVPost. For more articles, please visit CnEVPost.

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Nippon Paint unveils Mastercraft for automotive aftermarket body and paint work – ET Auto

Baua Electric

Through its extensive network of partners and franchises, Nippon Paint plans to introduce Mastercraft stores in various parts of the country as well as in overseas markets, expanding its network as well as services on offer. The first Mastercraft store has been established in Gurugram.

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