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Stellantis strengthens ties with China’s auto industry

Teslarati

Stellantis appears to be strengthening its ties in China’s automotive industry. Stellantis recently repurchased €934 million in shares from Chinese auto company Dongfeng as per a pre-existing share repurchase framework. is a state-owned automobile manufacturer headquartered in Wuhan, Hubei.

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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. These components account for more than 75% of auto parts imported into the country. To be sure, China dominates auto parts supplies to India.

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European car sales up 15% in July, EV sales rise more than 60%

Electric Cars Report

in July, the 12th consecutive month of growth as the auto industry recovers from pandemic-related supply chain issues, according to data from the European Automobile Manufacturers Association (ACEA). European new car sales jumped 15.2%

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Study of Sustainable Value in Automobile Manufacturing Finds Mixed Performance for Most OEMs, BMW and Toyota as the Clear Leaders

Green Car Congress

A survey of the sustainability performance of 17 of the world’s leading automakers has found a mixed pattern when it comes to the sustainability performance of most of the car manufacturers. The BMW Group and Toyota are consistent industry leaders, creating extremely positive Sustainable Value over the entire review period—i.e.,

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Honda targeting 100% BEV & FCEV sales in N America by 2040; new e:Architecture EVs coming in second half of this decade

Green Car Congress

Honda will also further pursue the utilization of local resources, which includes strengthening our collaboration with CATL for the supply of batteries. Including hybrid-electric vehicles, it will strive to electrify 100% of its automobile unit sales in Japan by 2030. Honda SUV e:prototype shown at Shanghai 2021.

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Chery's NEV unit cuts vehicle prices by up to 10%

CN EV Post

Image credit: Chery New Energy) Chinese auto giant Chery's new energy vehicle (NEV) division has slashed the prices of several models, becoming the latest car company to do so. In January-February, Chery's NEV sales were 13,293 units, down 57.6 percent from 31,367 units in the same period last year.

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Toshiba to Supply Electric Drive Motors to Ford Staring in 2012; Expanding Manufacturing Capacity in US

Green Car Congress

Ford Motor Company has awarded Toshiba a major contract to supply electric drive motors for hybrid and plug-in hybrid vehicles. Toshiba Corporation will expand manufacturing capacity at its plant in Houston, Texas for production of the high-performance drive motors for HEV, PHEV and EV applications. Toshiba Transportation Systems.

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