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TTTech Auto expands in China with MotionWise software platform for automated driving

Green Car Congress

TTTech Auto , the Vienna-based provider of automotive safety software, is expanding its operations with a dedicated subsidiary in China. TTTech Auto already has a presence in the Chinese market through its joint venture Technomous operated together with SAIC Motor, China’s largest automotive manufacturer.

China 368
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BYD to Chinese Auto Industry: "Demolish the Old Legends" in the EV Race

The Truth About Cars

The Chinese giant is one of the world’s busiest EV automakers, with almost 1.9 Though enormous, BYD isn’t satisfied with dominating its home market and wants the rest of the Chinese electric auto industry to come with it. Though it’s behind Tesla in global sales, BYD is king in China.

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CRU: Chinese EV sales hit hard by COVID-19 outbreak, but only for short-term

Green Car Congress

The COVID-19 has hit the Chinese EV sector hard; CRU, a provider of business intelligence on the global metals, mining and fertilizer industries, believes that weak sales will last at least until early Q2 2020. Nonetheless, it continues to forecast Chinese EV sales growth in 2020 over 2019’s total.

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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. billion in Leapmotor , acquiring 20% of the Chinese company and becoming a significant shareholder.

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Tesla China February 2024 sales see 18.87% YoY decline, mirroring industry trend

Teslarati

Data from the China Passenger Car Association (CPCA) has revealed that Tesla China’s sales of Giga Shanghai-made vehicles declined in February 2024. The decrease came amidst the Chinese New Year holiday, which appears to have impacted China’s general automotive sector last month. Domestic sales were 36.5k

China 104
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Auto supplier Forvia posts organic sales growth for Q1 on strong N.America – ET Auto

Baua Electric

billion euros worth of new orders in the quarter, more than half of which came from Asia on the back of new deals with Chinese automakers. European automotive supplier Forvia reported higher organic sales for the first-quarter on Thursday driven by strong North America, and said new awards from Chinese carmakers had boosted quarterly orders.

Auto 52
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India steel, trade ministries in talks over rising Chinese imports, says source – ET Auto

Baua Electric

India’s steel and trade ministries are in talks over rising imports, particularly cheap Chinese goods, a government source with direct knowledge of the matter said on Saturday, amid persistent calls for higher tariffs from top producers. India imported 1.1 million metric tons of finished steel between April and May, up 19.8%

India 52