Green Car Congress

DECEMBER 15, 2022

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.

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Baua Electric

JUNE 9, 2024

GWh battery storage project was awarded by SECI ( Solar Energy Corporation of India Limited ), with commissioning expected by June 2025, the company said in a release announcing the construction activities for the same. Besides battery storages, the company is developing commercial-scale green hydrogen project in India and green steel.

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Baua Electric

MAY 3, 2024

Luminar Technologies , a maker of lidar sensors for self-driving cars , said on Friday that it would cut its workforce by about 20%, as part of a restructuring plan for the current year. As of December last year, the company had nearly 800 full-time employees in the U.S., Germany, Sweden, India and China.

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Baua Electric

MAY 2, 2024

India’s mid-sized IT services player L&T Technology Services ( LTTS ) has signed an approximately €45 million (around USD 48 million at current exchange rate) contract with European automotive parts manufacturer and supplier Forvia for engineering development activities for its clean mobility division. “As

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Baua Electric

APRIL 24, 2024

It now expects to report organic revenue growth for parts and services between 2.5% Auto parts distributor LKQ cut its full-year sales forecast on Tuesday and missed estimates for first-quarter profit amid falling metal prices and softening demand for spares in North America. for 2024, down from its prior guidance of 3.5%

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Baua Electric

APRIL 25, 2024

The company ensures quality and service commitment through its extensive network of 2500+ touchpoints, manned by trained specialists and backed by easy access to Tata Genuine Parts. New Delhi: Tata Motors , India’s largest commercial vehicle manufacturer, Friday inaugurated a new commercial vehicle spare parts warehouse in Guwahati.

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Baua Electric

APRIL 25, 2024

Car parts makers face slowing auto production, leaving suppliers with excess capacity, and are striving to reduce costs, including laying off workers, as Chinese EV makers expand in Europe. It reported quarterly sales of 5.43 billion euros (USD 5.82 billion) in comparison to 5.48 billion in the year-earlier period.

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Green Car Congress

AUGUST 16, 2014

(MRC) recently executed a share sales and purchase agreement by which it will acquire 51% of Wethje Holding GmbH , a German company engaged in manufacturing of carbon fiber reinforced plastics (CFRP) parts for automobile applications, from Wethje parent Cross Industries AG.

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Baua Electric

MARCH 14, 2024

MG Motors, a unit of Chinese automaker SAIC, will open a second European parts centre by the summer of 2024 in France to meet the country’s growing demand for its vehicles, a spokesperson told Reuters on Thursday. The company did not disclose the how much it would invest in the centre.

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Baua Electric

APRIL 22, 2024

Ola Electric Mobility has been playing an instrumental role in driving EV adoption and penetration in India, the company said in a media release. Under this agreement, Pavna Industries commits to providing high-quality ignition switches and latches to Ola Electric across its manufacturing plants in India.

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Teslarati

MAY 30, 2022

It’s easy to fall into the Tesla vs. legacy auto narrative. Since the days of the original Roadster, it appeared that Tesla was this company that was determined to make a change by forcing the automotive industry to go electric. Tesla did force the automotive industry to go electric. Indeed I did.

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Baua Electric

MAY 10, 2024

Motional is a joint venture between Hyundai Motor Group and auto parts supplier Aptiv. Autonomous vehicle technology company Motional has sacked around 550 employees, or about 40% of its workforce, in the US, reports said on Saturday. Motional is a joint venture between Hyundai Motor Group and auto parts supplier Aptiv.

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Baua Electric

APRIL 24, 2024

ASK Automotive Ltd – AISIN Group Companies Joint Venture New Delhi: ASK Automotive Limited, India’s largest manufacturer of Brake Shoes and Advanced Braking Systems for Two-Wheelers, announced a Landmark Joint Venture Agreement with AISIN Group Companies, comprising AISIN Asia (Thailand) Co.

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Baua Electric

APRIL 22, 2024

Sona Comstar ), one of the leading global providers of automotive technology solutions, has inaugurated a new manufacturing plant in the Fipasi Industrial Park, Silao, Mexico. This move is to meet the growing demand for high-quality driveline solutions for Battery Electric Vehicles (BEVs) in North America, the company said.

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Baua Electric

MARCH 27, 2024

It added that government subsidies will also be used to augment the venture, which will serve sectors such as automotive, power, electronics, and industrial markets. RRP Electronics , a company backed by former cricketer Sachin Tendulkar , on Tuesday announced an investment of INR 5,000 crore for a semiconductor facility in Maharashtra.

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CleanTechnica EVs

JUNE 17, 2021

Ltd (Tuopu) recently stated in its most recent earnings call that Tesla has a five year gap on other car companies, Teslarati reported. Tuopu is an auto parts supplier that services a wide variety of brands, from Geely and SAIC to Ford, GM, Volkswagen, and other major automakers. China-based Ningbo Tuopu Group Co.

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Baua Electric

MARCH 1, 2024

The Union Cabinet’s nod to three upcoming semiconductor manufacturing units is a step towards self-sufficiency and makes the country’s dream of becoming a global chip making destination achievable, according to industry players.

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Baua Electric

MARCH 6, 2024

Hanif Qureshi, Additional Secretary, Union Ministry of Heavy Industries, Vinod Aggarwal, Jury Chairman of the ACMA Excellence Awards, President of SIAM, and Managing Director & CEO of VECV; and Professor Paramjit S. Senthil Kumar, Vice President-Central Purchase at TVS Motor Company; R Sundar, Asst.

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Baua Electric

JANUARY 23, 2024

Major car suppliers in Germany say they are struggling with the high upfront costs of shifting to EVs and “slow demand,” with companies looking to lay off thousands of workers, as much as 20% of total staff in some cases, in the coming years. The company employs 165,000 people around the world. Get started here.

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Baua Electric

MARCH 25, 2024

Since 1917, AIDA has led the metal-forming industry as the well-known manufacturer of metal-forming systems, particularly servo and mechanical presses for various applications in the global automotive and component industries, including OEMs and Tier 1 to Tier 3 suppliers. AIDA specialises in metal forming equipment for the industry.

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Baua Electric

MAY 9, 2024

New Delhi: It is no secret that Chinese component makers are aggressively scouting global markets for increasing their already tight grip on the nascent battery electric vehicle (BEV) industry. The company believes this will satisfy customers who want the (low) pricing of India delivered by a facility close to their own factories.

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Baua Electric

MAY 20, 2024

A report by Senate Finance Committee Chairman Ron Wyden’s staff said BMW imported 8,000 Mini Coopers with parts from a Chinese supplier banned under a 2021 law and that BMW continued to import products with the banned parts until at least April. VW said on Monday it has since replaced the parts in all vehicles held at U.S.

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Baua Electric

JUNE 11, 2024

New Delhi: Skoda Auto India has implemented one more enhancement in its 5-star safe fleet — the introduction of the Kushaq Onyx AT at INR 13.49 Petr Janeba , Brand Director, Skoda Auto India, said, “The Onyx variant has been a key addition in our line-up combining the value of the Active trim with features from the higher variants.

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The Truth About Cars

JANUARY 5, 2024

News broke earlier this week that Stellantis would pull out of auto shows, including the upcoming Chicago Auto Show, for the foreseeable future. We reached out to the Chicago Auto Show folks about that, and have not yet heard back. Having one of the Detroit Three pull out of auto shows leads to ringing of alarm bells.

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Baua Electric

JANUARY 26, 2024

The program is slated for launch in 2025 with a peak annual sales value of INR 80 crore, the company said in a media release. The company selected Aguascalientes because of its strategic location in the heart of Mexico.

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Baua Electric

MARCH 13, 2024

Minda, CMD, Uno Minda Edited excerpts: Q: After two consecutive years of swift growth in the auto component industry ‘s performance, what is your outlook for 2024? The past two years have seen a remarkable transformation in the Indian auto and auto component industry.

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Teslarati

JULY 7, 2022

Stephan Matz, the general director of Pass Automotive Mexico, has stated that his company will be providing parts for Tesla’s electric vehicles. The executive noted that Pass Automotive’s production of Tesla parts is expected to begin later this year. We are going to start manufacturing auto parts for Tesla.

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Baua Electric

JANUARY 18, 2024

Tata Technologies, which provides engineering services to auto, aero and heavy machinery makers, will set up skilling centres in 50 government-run industry training organisations. bn in Telangana state – ET Auto appeared first on Bauaelectric Auto News. Tata Technologies will invest 150 billion rupees (USD 1.80

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Baua Electric

MAY 24, 2024

billion rupees a year earlier for the company, which makes auto parts and accessories for cars, two wheelers and railways among others. India’s total vehicle production during the January-March period rose over 21%, which in turn also helped expand the auto parts demand. Net profit rose to 5.65

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Teslarati

JUNE 14, 2023

It involves the use of house-sized machines that are able to produce aluminum parts that are significantly bigger than anything traditionally used in auto manufacturing. This system, analysts have estimated, has likely helped Tesla achieve industry-leading profitability. Don’t hesitate to contact us with news tips.

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The Truth About Cars

JUNE 15, 2023

It’s the regulators' assertion that companies are obligated to enforce federal standards while suggesting that the state law poses safety concerns. It’s no secret that various industries attempting to hoard customer data and redefine what constitutes ownership have created a groundswell of consumer resentment.

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Baua Electric

JUNE 4, 2024

China has granted approval to a first group of nine automakers to carry out tests on vehicles with advanced autonomous driving technologies on public roads, as part of a plan to accelerate adoption of self-driving cars. Fleet operators such as ride-hailing companies will also be involved in the tests.

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Baua Electric

MAY 15, 2024

German Tier-1 giant Mahle, which specialises in powertrain, mechatronics, and electronics components among others, has finalised the sale of its automotive thermal management – thermostat business – to a German industrial and investment holding firm Admetos.

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Baua Electric

APRIL 26, 2024

Sany Heavy Industry India Pvt Ltd, a leading global provider of construction machinery and equipment, on Friday announced opening of HO, M/s Raghunath Machinary. The establishment of this state-of-the-art facility underscored Sany Heavy Industry’s commitment to its customers in South Odisha and Western Odisha regions.

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Teslarati

SEPTEMBER 20, 2022

Ford ( NYSE: F ) continues to battle parts shortages that have plagued the global automotive industry for two and a half years. Ford has published a press release stating that the company is continuing to battle the ongoing parts shortage and rising parts costs due to inflation.

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Baua Electric

FEBRUARY 6, 2024

The CPR training program is part of Eco Mobility’s commitment to create a safer and more secure riding experience for its customers. This program was conducted in collaboration with some of the leading healthcare providers in the respective cities, the company said.

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Teslarati

MARCH 16, 2024

One major automotive outlet says Tesla is no longer just a luxury brand, in part due to its unique pricing strategy over the past few years. Tesla price cuts push EV market toward affordability with broader influence In 2022, Tesla’s prices were higher and were competing with companies such as Mercedes-Benz, Aston Martin and Lexus.

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