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

Teslarati

Former General Motors (GM) executive Terry Woychowski, who is now President of engineering consultancy Caresoft Global, called the arrival of the Seagull a “clarion call for the rest of the auto industry,” adding that it’s a “significant event” (via CNBC ). auto sector,” the organization writes.

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Panasonic seeks to expand business in the auto industry 

Teslarati

Panasonic seeks to expand its business in the automotive industry, starting with building relationships at CES 2024. The Japanese company’s automotive department—Panasonic Automotive Systems—aims to expand past battery cells for electric vehicles. It plans to delve into products that could prove lucrative.

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ABB and HASCO create joint venture to drive smart manufacturing in China’s auto industry

Green Car Congress

Partnership builds on existing relationship to deliver increased automation and sustainability for auto parts production New joint venture agreement signed by both parties on December 30th 2021 and expected to commence operation in Q2, 2022. Both parties agreed not to disclose any further details about the investment.

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AIDA servicing evolving needs of the auto industry | Autocar Professional

Baua Electric

Since 1917, AIDA has led the metal-forming industry as the well-known manufacturer of metal-forming systems, particularly servo and mechanical presses for various applications in the global automotive and component industries, including OEMs and Tier 1 to Tier 3 suppliers. AIDA specialises in metal forming equipment for the industry.

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Stellantis CEO: EV transition costs are “beyond the limits” the auto industry can sustain

Teslarati

Taveres said that the costs of transitioning to electric vehicle production are “beyond the limits” of what the current auto industry can sustain in an interview with Reuters Next. US President Biden pats GM CEO’s back: “You electrified the entire auto industry.

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Tesla supplier Panasonic slashing domestic EV battery production

Teslarati

Japanese company and Tesla supplier Panasonic announced plans on Monday to cut domestic production of electric vehicle (EV) batteries due to some vehicle sales being slower than initially planned. Despite slashing production, Panasonic saw record profits of 288 billion yen ($1.9 for EV battery operations.

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CEO’s Take On 2024: Tech-driven auto industry targets to be smarter, greener, says Prashanth Doreswamy – ET Auto

Baua Electric

After two consecutive years of swift growth in the auto industry’s performance, what is your outlook for 2024? 2024 is likely to see the industry stabilize and return to normal. 2024 is likely to see the industry stabilize and return to normal. 2024 is certainly promising, although with its own challenges.