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Nikkei: India passes Japan to become world’s No. 3 auto market in 2022

Green Car Congress

India’s sales of new vehicles totaled at least 4.25 New vehicles delivered in India totaled 4.13 million between January and November 2022, according to the Society of Indian Automobile Manufacturers (SIAM). In Japan, 4,201,321 vehicles were sold in 2022, down 5.6% million vehicles sold. million units.

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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.

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China’s new energy vehicle sales drop m/m for first time since Aug – ET Auto

Baua Electric

China exported 4,43,000 vehicles in January 2024, accounting for 18.2% China’s new energy vehicle sales fell 38.8% versus the previous month, the first such drop since August 2023, industry data showed, as demand faltered in the world’s largest auto market despite a renewed discounting push led by Tesla.

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Stellantis strengthens ties with China’s auto industry

Teslarati

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. In October, the legacy automaker invested in China-based Leapmotor to expand its global electric vehicle (EV) sales.

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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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CAAM calls for return to normal order in China's auto industry as price war disrupts sector

CN EV Post

(Image credit: CnEVPost) The price war is one of the most talked-about topics in China's auto industry this month, creating operational challenges for many car companies. Some local governments have launched pro-consumption policies aimed at boosting local auto consumption and easing difficulties for car companies.

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Auto-ISAC releases automotive cybersecurity best practices

Green Car Congress

Members of the Automotive Information Sharing and Analysis Center ( Auto-ISAC ) released an overview of comprehensive Automotive Cybersecurity Best Practices developed as a proactive measure to further enhance vehicle cybersecurity throughout the industry. The Best Practices include seven functions.

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