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

article thumbnail

BYD Europe aims to beat Tesla & big EU automakers

Teslarati

BYD Europe aims to beat Tesla and other prominent EU automakers, like Volkswagen and Stellantis. BYD Europe wants to triple its market in the region by 2025. Fortune mentions that BYD cars for Europe might eventually be mostly assembled in the region. “We are confident that we could be in a leading position.

BYD 90
article thumbnail

Mitsubishi Rayon acquires majority of carbon fiber reinforced plastics company Wethje; targeting auto industry

Green Car Congress

(MRC) recently executed a share sales and purchase agreement by which it will acquire 51% of Wethje Holding GmbH , a German company engaged in manufacturing of carbon fiber reinforced plastics (CFRP) parts for automobile applications, from Wethje parent Cross Industries AG.

article thumbnail

EC rolls out CARS 2020 action plan for European auto industry

Green Car Congress

Antonio Tajani, Vice President of the European Commission in charge of Industry and Entrepreneurship, introduced the EC’s CARS 2020 Action Plan aimed at reinforcing the European automotive industry’s competitiveness and sustainability heading towards 2020. social impacts of restructuring. of around 16% of GDP to as much as 20% by 2020.

article thumbnail

UK auto industry warns anti-diesel agenda and slow uptake of EVs could mean missing 2021 CO2 targets; rising CO2 average in 2017

Green Car Congress

The UK automotive industry warned that the current anti-diesel agenda combined with the ongoing slow take-up of electric vehicles could mean industry misses its next round of CO 2 targets in 2021, with negative consequences for the UK’s own climate change goals. to a new low of 165.4 of the UK’s 2.5

2017 210
article thumbnail

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

It’s also in line with what is expected of other industry sectors, as well as the EU Climate and Energy Framework and the global Paris agreement. In our opinion, this conditionality principle links Europe’s long-term climate objectives to the reality of the market. This is a steep reduction.

article thumbnail

European Auto Industry Expresses Concern Over Iron Ore Price Hikes

Green Car Congress

The European automobile industry expressed concern about the “ sudden and massive ” increase in the price of iron ore, a crucial material for producing steel. The automobile industry needs broad access to raw materials at competitive conditions, especially in times of fragile economic circumstances, ACEA said.