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

CN EV Post

Reducing prices to deal with inventory and properly recover costs are normal business practices, but these tactics should not turn into price wars, the CAAM said. 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.

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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. Automakers and their suppliers are likely to make this investment between FY24 and FY28, industry body Automotive Component Manufacturers Association ( ACMA ) said.

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European auto industry proposes further 20% cut in passenger car CO2 by 2030 from 2021; conditional on EV uptake and infrastructure; no ZEV mandate

Green Car Congress

At the Frankfurt Motor Show, the European Automobile Manufacturers’ Association (ACEA) outlined the industry’s proposal for a pathway to future CO 2 reductions: a 20% CO 2 reduction for passenger cars by 2030, compared to 2021. A midpoint will then be derived from the translated manufacturer-specific WLTP targets for 2021.

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The Auto Industry Must Aim 100% Electrification In 2 & 3-wheeler Segments Says Amitabh Kant

Get Electric Vehicle

The country’s focus must be on shared, connected, and electrified transportation, Kant stated at the annual meeting of the Automotive Component Manufacturers Association of India (ACMA). As a result, the overall cost of ownership of an EV is already lower. ” Said, Kant.

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NIO keeps goal of doubling sales this year despite price war causing greater challenges

CN EV Post

NIO (NYSE: NIO) is confident it will see sales double this year, despite a rare price war that disrupted the Chinese auto industry in the first quarter. The price war has had a big impact on the auto industry, and NIO will not follow suit. percent from a year earlier and up 14.3 percent from February.

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ACEA study finds cost still strong deterrent for EV uptake across Europe; calls for “realistic” targets recognizing affordability

Green Car Congress

A new study by the European Automobile Manufacturers’ Association (ACEA) finds that the affordability of electric cars remains a strong deterrent for customers across the EU, along with lack of infrastructure and lack of investment in infrastructure. The auto industry is eager to move as fast as it can towards zero-emission vehicles.

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1.65 lakhs electric vehicles supported under the FAME II scheme 

Electric Vehicles India

across 9 Expressways and 16 Highways under FAME India (Faster Adoption and Manufacturing of Hybrid & Electric Vehicles in India) Scheme Phase II. MHI had also sanctioned 425 electric and hybrid buses to various cities in the country with a total cost of about 280 Crores. 108 crores (approx.) 43 Crore (approx.)