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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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Elon Musk finally names Tesla’s main rival—and it’s way bigger than the auto industry

Teslarati

It’s easy to fall into the Tesla vs. legacy auto narrative. Since the days of the original Roadster, it appeared that Tesla was this company that was determined to make a change by forcing the automotive industry to go electric. However, I also think that Tesla has the potential to be the most valuable company ever.

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

Baua Electric

Major car suppliers in Germany say they are struggling with the high upfront costs of shifting to EVs and “slow demand,” with companies looking to lay off thousands of workers, as much as 20% of total staff in some cases, in the coming years. The company employs 165,000 people around the world. Get started here.

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Tuopu: Tesla Leads The Auto Industry By At Least 5 Years

CleanTechnica EVs

Ltd (Tuopu) recently stated in its most recent earnings call that Tesla has a five year gap on other car companies, Teslarati reported. Tuopu is an auto parts supplier that services a wide variety of brands, from Geely and SAIC to Ford, GM, Volkswagen, and other major automakers. China-based Ningbo Tuopu Group Co.

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AIDA servicing evolving needs of the auto industry | Autocar Professional

Baua Electric

Over the last 17 years, the company has offered tailored metal forming solutions and maintenance services support to both local and international clients in India. The company offers presses for forming automotive body panels, precision presses for motor cores lamination in electric vehicles, and peripheral equipment for automation.

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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. Mitsubishi Rayon Co.

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Electric companies form National Electric Highway Coalition to develop national fast-charging network

Green Car Congress

The Edison Electric Institute (EEI) recently announced the formation of the National Electric Highway Coalition , which merges the Electric Highway Coalition and the Midwest Electric Vehicle Charging Infrastructure Collaboration and now includes additional participating electric companies from across the country.

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