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Thailand’s EV industry growing rapidly

Green Car Congress

According to the Electric Vehicle Association of Thailand, the number of companies that are part of Thailand’s electric vehicle industry has risen significantly since 2015, from 76 to 420 in 2019. million units in 2018. We are pleased to welcome the location of a Mercedes-Benz battery production facility to the Bangkok region.

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SEMI forecasts global chip industry to invest >$500B in new factories by 2024; automotive and HPC

Green Car Congress

The worldwide semiconductor industry is projected to invest more than $500 billion in 84 volume chipmaking facilities starting construction from 2021 to 2023, with segments including automotive and high-performance computing (HPC) fueling the spending increases, SEMI announced in its latest quarterly World Fab Forecast report.

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SKF appoints Mukund Vasudevan as MD- India and President for Industrial Region, India and SE Asia | Autocar Professional

Baua Electric

SKF has appointed Mukund Vasudevan as MD- India and President for Industrial Region, India and South East Asia, effective today. He succeeds Fredrik Hallen, the Acting President for Industrial Region ISEA. In his previous role, he served as Managing Director – Enterprise at Moglix.

India 52
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Amsted Industries forms automotive group to focus on electric and traditional vehicle markets

Green Car Congress

The integration provides an expanded global presence with 16 facilities in North America, Asia and Europe to serve the global customer base with a robust manufacturing footprint producing over 100 million components and assemblies annually. —Stephen Smith, Chairman, President and CEO, Amsted Industries.

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GAF Energy moves its solar manufacturing from Asia to the US

Electrek

Roof-integrated solar company GAF Energy announced today that it will move all of its manufacturing from Asia to a facility in Silicon Valley. It’s a reversal of the solar industry trend of manufacturing solar panels in Asia due to lower labor costs.

Asia 144
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The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

at this point, the company has been beginning to deliver its EVs in several markets throughout Europe and Asia. auto industry appeared first on TESLARATI. However Tesla and other automakers have generally been considered to be targeting a $25,000 price tag, and while affordable, it’s still far greater than $10,000.

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Avass Group to manufacture EVs, lithium batteries in Saudi Arabia

Green Car Congress

Australia-based Avass Group recently signed an agreement with Saudi Arabia to jointly manufacture electric vehicles and lithium batteries. The agreement bolsters Avass Group’s plans to mass manufacture full electric buses and lithium batteries in Saudi.