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2024 trends in the auto industry promise a focused approach | Autocar Professional

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Likewise, the auto components industry also touched a new high. According to data shared by Automotive Component Manufacturers Association (ACMA), in FY23, the industry grew 32.8 However, passenger vehicle exports bucked the trend and registered growth, largely due to higher demand for sports utility vehicles. billion).

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ISU study finds large potential for biobased materials in auto industry, but with challenges

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However, they noted, there are also many challenges associated with the use of biobased parts in the auto industry. Cost to manufacture is one of the main considerations. Other factors used to determine the best material for manufacturing parts for vehicles include: Part performance. Availability of biobased materials.

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12th Five-Year Plan for Chinas auto industry to make new-energy vehicles priority

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The 12 th Five-year Plan for China’s auto industry reportedly will make developing new-energy vehicles the top priority. China is targeting annual new-energy automobile sales of 1 million units by 2015, according to the China Association for Automobile Manufacturers. People’s Daily.

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China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

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2012 Chinese Auto Industry Development Report. The fifth annual report on China’s auto industry—2012 Chinese Auto Industry Development Report—says that the next 20-30 years will be a “critical period” that will see the formation of a global new-energy vehicle industry.

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German ELAB study finds growth of alternative drivetrains to increase employment opportunities in auto industry

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Since the complex development and production of electric cars is currently still characterized by market uncertainties, business and economic risks for manufacturers and suppliers also must be taken into consideration. Employee qualification requirements will change accordingly. —Prof. Dieter Spath, Head of Institute Fraunhofer IAO.

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Auto Industry Backs Additional Funding for Research into Impacts of Mid-Level Ethanol Blends

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The Alliance of Automobile Manufacturers (AAM) and the Association of International Automobile Manufacturers (AIAM) sent a letter to US House and Senate Energy and Water Appropriators in support of additional funding to complete research into the impacts of mid-level blends of ethanol. Source: Joint IEPR/TC workshop. Click to enlarge.

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EC rolls out CARS 2020 action plan for European auto industry

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The EC noted that to help European cars to be exported and to take the opportunity of new growing markets, it is important to promote the internationalization of the European car industry, effective access to market, harmonisation of standards and technical rules.