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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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Protean Electric forms partnerships for global production of in-wheel drive motors

Green Car Congress

In-wheel electric drive startup Protean Electric ( earlier post ) has formed relationships with several leading companies in the global auto industry to accelerate its in-wheel electric drive systems to market in high-volume production. Protean’s in-wheel motors are designed for a broad range of vehicle applications.

Global 231
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Vinfast VF 8 dominates ASEAN NCAP Grand Prix Awards | Autocar Professional

Baua Electric

VinFast’s D-segment SUV, the VF 8, has earned five out of six top safety awards from the New Car Assessment Program for Southeast Asia (ASEAN NCAP) in Thailand on May 28, 2024. This achievement underscores VinFast’s aspiration to position itself as a safety leader in the Southeast Asian auto industry.

Asia 52
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Ford and Zotye forming JV in China for EVs; Ford’s third JV in the country

Green Car Congress

Ford Motor Company and Zotye have agreed to establish Zotye Ford Automobile Co., The agreement was signed in Beijing today by Peter Fleet, Ford group vice president and president, Ford Asia Pacific, and Ying Jianren, chairman of Tech-New Group Ltd. and board director of Zotye Auto. and Jiangling Motors Corporation.

China 150
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GM Reaches Agreement with China-based Pacific Century Motors on the Sale of Nexteer Automotive

Green Car Congress

General Motors and Pacific Century Motors (PCM), an entity formed by The Tempo Group and E-Town, an affiliate of the Beijing Municipal Government, have reached an agreement for GM to sell GM Global Steering Holdings, LLC, commonly known as Nexteer, to PCM. Terms of the sale were not disclosed. Headquartered in Saginaw, Mich.,

GM 186
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USABC awards Cobasys $8.4M for the development of high-energy density Li-ion cells and packs for EVs

Green Car Congress

The objective of the alliance is to adapt lithium-ion battery technology to the requirements of automobiles, and thus explore the market for hybrid and electric vehicles. Bosch has extensive experience in hybrid and electric drive technology as well as power electronics, electric motors, transmissions and DC/DC converters.

Li-ion 186
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Ford reorganizes Asia Pacific markets; establishes stand-alone China business

Green Car Congress

Ford Motor Company is reorganizing its Asia Pacific operations. Peter Fleet, president Ford Asia Pacific, will facilitate the transition of Chen into his new position as leader of the Ford operations in China. Prior to this position, Chen served as CEO, Chery Automobile, Ltd.

Asia 207