article thumbnail

European Auto Industry Expresses Concern Over Iron Ore Price Hikes

Green Car Congress

The European automobile industry expressed concern about the “ sudden and massive ” increase in the price of iron ore, a crucial material for producing steel. The automobile industry needs broad access to raw materials at competitive conditions, especially in times of fragile economic circumstances, ACEA said.

article thumbnail

China realizes charging piles, complete vehicles and accessories to go overseas

Setec Powerr

Judging from the customs data for the first eight months of this year, the contribution rate of my country’s new energy vehicle exports to the growth of automobile exports reached 26.7%, becoming a new bright spot in the foreign trade of the automobile industry. Demand for charging piles soars.

China 52
article thumbnail

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

While there has been rapid growth in the Indian auto component industry in recent years and several factors paint a promising picture for the future as well, it is expected to show a natural moderation in 2024. Q: What will be the key technologies that will shape the next decade of the auto component industry?

India 52
article thumbnail

Green Hydrogen Cars: How They are Different?

Get Electric Vehicle

Fuel cells, like stem cells in medical science, are a new technology in the automobile industry. High cost: renewable energy, which is essential for creating green hydrogen via electrolysis, is more expensive to produce, making hydrogen more expensive to purchase. What exactly is an FCEV?