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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. Besides reducing imports, the industry also looks to make India an export hub for advanced auto components. lakh crore in FY22.

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Magna lags profit estimates, cuts annual sales forecast on supply chain snags – ET Auto

Baua Electric

Magna executives said on a post-earnings call the company was assessing impacts from automakers’ shifting electrification plans, particularly in North America. Supply chain constraints, coupled with labor shortages which began during the pandemic, also continue to impact the auto industry as they try to ramp up production.

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Factorial Energy emerges from stealth with 40 Ah solid-state battery cell for EVs

Green Car Congress

Factorial also announced the appointment of senior industry leaders with deep technical and automotive experience to its leadership team. Several major global automotive partners are currently validating Factorial’s technology with the intent of integrating FEST into their existing supply chains.

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Documenting the EV battery material supply chain: Traceability challenges, Part One

Charged EVs

Thanks to the “Buy American” requirements of the Bipartisan Infrastructure Law (BIL) and Inflation Reduction Act (IRA), and similar provisions in the EU’s new Battery Directive, traceability is becoming a critical function in the EV industry. Traceability is a topic we’re beginning to hear a lot about in the EV industry.

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AlixPartners study finds post-crisis auto industry facing new set of challenges; sales projected below historical levels for foreseeable future

Green Car Congress

Specifically, the firm estimates US auto sales will reach just 12.7 AlixPartners also estimates that on-going unemployment and underemployment could cost the auto industry up to 1.5 million units in 2011 and only 13.6 million in 2012. million units in lost vehicle sales this year. Preventing that erosion will be key.

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Renault CEO calls for Auto European plan to protect against ‘onslaught of EVs from China’

Teslarati

Stellantis is another automaker seeking to strengthen its ties with China’s auto industry. Last year, it signed a supply agreement with Chinese battery supplier CATL. Tesla highlights Giga Shanghai automation and production cycle time China isn’t Europe’s only rival in the ever-growing auto industry, either.

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Constellium to open Mexico plant for automotive aluminum structural components

Green Car Congress

This plant, located in San Luis Potosí, will allow Constellium to respond to increasing demand for lightweight, high-strength aluminium Crash Management Systems and automotive structures for the expanding auto industry in Mexico. The facility is expected to start production in 2018. Constellium generated €5.2

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