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India’s auto industry will hit Rs 25 lakh crore target before time: Vinod Aggarwal | Autocar Professional

Baua Electric

Auto industry veteran Vinod Aggarwal isn’t just highly optimistic about India’s auto market — he has utmost faith that the sector will achieve its Rs 25 lakh crore target with ease, that too well before the proposed deadline of 2027-28. Similarly, in the heavy-duty trucks category, VECV secured a 9.1

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2024 trends in the auto industry promise a focused approach | Autocar Professional

Baua Electric

Year 2024 promises to be an exciting one for the automotive industry as it moves into new territories of innovation and changing customer demands. So, while the Covid-19 lockdowns severely affected the entire automotive industry’s value chain, it also began to embrace a fresh perspective amidst the global crisis. lakh crore (USD 69.7

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Motherson Group collaborating with UBQ to bring carbon-negative thermoplastics into auto parts

Green Car Congress

The companies are joining efforts to implement the carbon-negative UBQ thermoplastic ( earlier post ) into auto parts manufactured by Motherson Group for the automotive industry. UBQ Industrial Grade. As a bio-based composite thermoplastic material, UBQ Industrial Grade can replace plastic polymers in hundreds of applications.

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CEO’s Take On 2024: Demand for feature-rich, safe, connected and electric vehicles to drive auto parts industry, says Bosch India chief – ET Auto

Baua Electric

Guruprasad Mudlapur, President- India, Bosch Group, and Managing Director, Bosch Limited Edited excerpts: Q: After two consecutive years of swift growth in the auto component industry’s performance, what is your outlook for 2024? The automotive industry is in transition.

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CATL launches “condensed battery” with an energy density of up to 500 Wh/kg for aircraft; automotive version this year

Green Car Congress

At Auto Shanghai, Chinese battery giant CATL launched what it calls a “condensed battery”—a type of semi-solid state cell with an energy density of up to 500 Wh/kg. These will now be used by Chery Automobile, as announced at the exhibition. These have been used on multiple high-end BEVs such as ZEEKR, AITO and Li Auto.

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Renault Group and Geely Holding launch Horse Powertrain Ltd. based in London – ET Auto

Baua Electric

Luca de Meo, CEO, Renault Group, said, “Today marks an important step in meeting the greatest challenges facing the automotive industry: the decarbonization of road transport. That is why we are pleased that our partnership with Renault Group is reaching commercial reality today.

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Sion Power raises $75 million to commercialize its Licerion tech for lithium metal EV batteries – Charged EVs

Baua Electric

Sion Power will use the funding to validate its Licerion technology technically and commercially. The company plans to build a fully automated line to make large-format lithium metal cells for automobile OEMs and cell makers to test and improve.