Remove Auto Industry Remove Automobile Remove Automobile Manufacturer Remove Supplies
article thumbnail

Stellantis strengthens ties with China’s auto industry

Teslarati

Stellantis recently repurchased €934 million in shares from Chinese auto company Dongfeng as per a pre-existing share repurchase framework. is a state-owned automobile manufacturer headquartered in Wuhan, Hubei. The post Stellantis strengthens ties with China’s auto industry appeared first on TESLARATI.

article thumbnail

European car sales up 15% in July, EV sales rise more than 60%

Electric Cars Report

in July, the 12th consecutive month of growth as the auto industry recovers from pandemic-related supply chain issues, according to data from the European Automobile Manufacturers Association (ACEA). European new car sales jumped 15.2%

Sale 113
article thumbnail

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. These components account for more than 75% of auto parts imported into the country. To be sure, China dominates auto parts supplies to India.

article thumbnail

Chery's NEV unit cuts vehicle prices by up to 10%

CN EV Post

This is due to the global price correction of new energy materials and the company's cost control and supply chain management capabilities, Chery New Energy said in an announcement. After Tesla cut prices earlier in the year, several NEV makers followed suit. For Chery, its performance at the beginning of the year was weak.

Chery 105
article thumbnail

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.

article thumbnail

China realizes charging piles, complete vehicles and accessories to go overseas

Setec Powerr

Judging from the customs data for the first eight months of this year, the contribution rate of my country’s new energy vehicle exports to the growth of automobile exports reached 26.7%, becoming a new bright spot in the foreign trade of the automobile industry. Cross-border e-commerce shines in the European market.

China 52
article thumbnail

Auto Alliance on Mid-Level Ethanol Blends: Build Out E85 Infrastructure First

Green Car Congress

Green Car Congress and Charles Territo of the Auto Alliance on 17 April briefly discussed the blend wall (ethanol supply greater than US’s ability to absorb it in 10% blends) and mid-level blends of ethanol being used on existing, non-flex-fuel, vehicles. Charles Territo. Bill Cooke.

Auto 150