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

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Germany’s auto industry – outrun by Tesla – to axe thousands more jobs

Baua Electric

ZF Friedrichshafen, which makes transmissions, shock absorption systems, and chassis components for more than 55 auto brands and is Germany’s second-largest supplier after Bosch, said it could axe as many as 12,000 people in a “worst-case scenario” by 2030, reports The Financial Times. FTC: We use income earning auto affiliate links.

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China to invest more than USD 830 mn in solid-state battery research – ET Auto

Baua Electric

China plans to invest more than 6 billion yuan (USD 830 million) in a government-led project to develop solid-state batteries with six firms eligible for state funding to work on the next-generation technology, a person with direct knowledge of the matter said. The official China Daily first reported news of the state-funded project.

China 52
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Ipsos Auto Global Study: interest in battery electric vehicles growing in the US

Green Car Congress

For example, over the last few years Ipsos has found the highest level of knowledge about BEVs in China. The auto industry has seen this need to improve familiarity in the past, with some advanced driver assist features such as ACC and even autonomous driving.

Global 429
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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

Green Car Congress

China is targeting the cumulative production and sales of more than 5 million new energy vehicles, including fuel cell vehicles, by that time as well. However, generally speaking, the government continued, China has not achieved a breakthrough with new energy automobiles and core components of the key technologies.

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Comment on China NEV retail in Jun 1-25 at 500,000, up 15% from same period last month, CPCA data show by Cam J Haulman

CN EV Post

I’d really enjoy seeing tough percentages of manufacturers/auto companies sales for this same period. There’s innovation along with wonderful quality being manufactured by the China auto industry. Well organized presentation of the EV car statistics as well the breakdown of NEVs YOY and MOM.

China 77
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China realizes charging piles, complete vehicles and accessories to go overseas

Setec Powerr

Demand for charging piles soars. China is the world’s largest producer of electric vehicles. With the rapid development of new energy vehicles, the demand for charging piles by car owners has also increased rapidly. In the next few years, 70% of electric vehicles in Russia will use Chinese charging stations.

China 52