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Volvo Cars and Geely Auto to deepen collaboration; new combined powertrain company

Green Car Congress

Volvo Cars and Geely Auto have agreed on a wide-ranging collaboration that will maximize the strengths of the Swedish and Chinese automotive groups, delivering synergies in powertrains, sharing of electric vehicle architecture, joint procurement, autonomous drive technologies and aftersales.

Volvo 320
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Tata Motors launches $10,000 electric hatch; deliveries of Tiago.ev start in January

Green Car Congress

Tata Motors, India’s leading automobile manufacturer, launched the newest member of its EV family this past week: the Tiago.ev. It will be the first in its segment to offer best-in-class connected features as standard across all trims, that are usually offered in more premium cars. and Tata Passenger Electric Mobility Ltd.

Motor 435
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Auto industry to invest USD 7 bn in 5 years to deepen parts localisation – ET Auto

Baua Electric

Indian auto industry is set to invest up to USD 7 billion, or about INR 58,000 crore, by FY28 to deepen localisation of advanced components from electric motors to automatic transmissions to reduce imports and capitalise on multinationals’ ‘ China Plus One ’ sourcing strategy. To be sure, China dominates auto parts supplies to India.

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Bharat Mobility Global Expo to be held between Feb 1-3 in Delhi | Autocar Professional

Baua Electric

With a focus on electric mobility, multiple industry bodies along with the Government of India will host a mega exhibition, named Bharat Mobility Global Expo 2024, at Bharat Mandapam in Delhi between February 1 and 3. In contrast to regular auto events, the Bharat Mobility Show will concentrate on the future.

Global 40
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Honda secures auto industry’s largest renewable energy purchase; 60% reduction in CO2 from N.A. manufacturing operations

Green Car Congress

These VPPAs will enable Honda to fully offset the remaining carbon-intensive grid-supplied electricity being used in its Ohio, Indiana, and Alabama automobile manufacturing operations, and will help the company meet its voluntary carbon reduction goal.

Purchase 299
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New bipartisan bill in US Congress to expand EV and hydrogen fuel cell tax credits

Green Car Congress

The legislation is also co-sponsored by US Representatives Don Beyer (VA-08), Earl Blumenauer (OR-03), Brian Higgins (NY-26), Jimmy Gomez (CA-34), Stephanie Murphy (FL-07), Jimmy Panetta (CA-20), Terri Sewell (AL-07), and Tom Suozzi (NY-03). The Driving America Forward Act is supported by 60 organizations, including ABB Inc., ITC Holdings Corp.,

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CAR report quantifies automotive’s position as a leading high-tech industry

Green Car Congress

Percentage of Global R&D Spending by Industry, 2013. Source: Booz & Company “Global Innovation”; Battelle R&D Magazine; Center for Automotive Research 2012. Additionally, the auto industry provides 16% of total worldwide R&D funding for all industries. Click to enlarge. —Center for Automotive Research. Click to enlarge.