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Big Auto is begging governments to let them go bankrupt as Chinese EVs loom

Baua Electric

The auto industry is electrifying, and all new cars will be electric in the relatively near future. And yet, the auto industry – which is responsible for more pollution than any other sector, at least in rich countries – still lobbies to worsen emissions reduction targets, even when those targets were already pushed back to begin with.

Chinese 52
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Panasonic’s battery unit misses annual profit estimate – ET Auto

Baua Electric

Chinese battery makers grew faster than rivals to account for more than two-thirds of global EV battery capacity last year, according to data from consultancy Counterpoint Research. It has a plant in Nevada and has broken ground on a second one in Kansas, which would take its auto battery capacity to 80 gigawatt hours (GWh) a year.

Auto 52
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Tesla executive hopes to have Cybertruck on sale in Canada soon

Teslarati

— Rohan Patel (@rohanspatel) February 24, 2024 The statement comes just as the Canadian International Auto Show comes to a close, at which the Cybertruck and other Tesla vehicles were shown on display. The post Tesla executive hopes to have Cybertruck on sale in Canada soon appeared first on TESLARATI.

Canada 131
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Toyota and Nissan pair up with Tencent and Baidu for China AI arms race – ET Auto

Baua Electric

Japan’s Toyota Motor will pair up with China’s Tencent while Nissan will team up with Baidu , the companies said on Thursday, cross-border partnerships that highlight the importance of artificial intelligence for carmakers. It will also equip its Chinese cars with Baidu’s AI products, it said.

Nissan 52
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India stays No. 3 spot in global car sales but Japan fast closing the gap | Autocar Professional

Baua Electric

3 position, Japan made a resounding comeback in 2023, registering growth of 14% growth in 2023 as against India’s 8 percent. Japan ended the year a shade below 4 million units, whereas India sold 4.11 From the sizeable difference of 344,058 PVs in CY2022, Japan has reduced the gap with India sales to 115,929 units in CY2023.

India 52
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Europe will miss 2030 chip market goal, says ASML CEO – ET Auto

Baua Electric

Global semiconductor sales are expected to grow from USD 600 million this year to more than USD 1 trillion by 2030, and all capacity currently planned in China will be needed. ASML equipment sales to China hit 6.3 Intel plans a 30-billion-euro facility in Magdeburg, Germany if European subsidies are approved. billion euros (USD 6.9

Europe 52
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Nissan optic exporting extra from China as gross sales hunch

Baua Electric

Mitsubishi has suspended manufacturing in China amid tumbling gross sales, and Toyota took the uncommon step this date of shedding 1,000 staff there. Nissan trim its China gross sales forecast to 800,000 gadgets for the wave fiscal month to March 31, 2024. Mexico, Japan and Superior Britain, because the semiconductor dearth eases.

Nissan 52