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GAC Group begins construction of $6.5B industrial park for electric and intelligent vehicles

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China-based automobile manufacturer Guangzhou Automobile Group (GAC Group), the parent company of GAC Motor, has begun construction of a large industrial park for electric and intelligent vehicles as part of its efforts to boost its electric vehicle business. More than 45 billion yuan (US$6.5 Click to enlarge.

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LG and Magna to develop next generation autonomous driving-infotainment solution proof of concept

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LG Vehicle component Solutions (VS) Company, a supplier of In-Vehicle Infotainment (IVI) systems in the automobile industry, has been proactively exploring its portfolio of future products and technologies. Both LG and Magna plan to introduce this concept to global automakers during CES 2023.

Concept 186
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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

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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.

India 52
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CATL-SC officially launches operation of phase 1 of $4.7B Yibin traction battery production project

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The Yibin production base is an important part of CATL’s global layout, and it is being developed to become CATL’s most important traction battery production base with strategic significance in Southwest China. CATL-SC is heading on the global stage. —Liu Zhongbo, secretary of the Yibin Municipal Party Committee.

Batteries 221
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Polestar reduced greenhouse-gas emissions by 6% per car in 2021

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Standalone Swedish premium electric vehicle manufacturer. Further promoting transparency on carbon footprint and risk materials, in 2021, Polestar introduced an industry-unique product sustainability declaration, clearly displaying sustainability information for Polestar 2 in all retail environments. —Fredrika Klarén?,

Emissions 199
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Sony and Honda sign MOU to create JV to develop and sell EVs and mobility services; first model on sale in 2025

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The new company is expected to plan, design, develop, and sell the EVs, but not own and operate manufacturing facilities, so Honda is expected to be responsible for manufacturing the first EV model at its vehicle manufacturing plant.

Honda 150
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China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

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China’s State Council has published a plan to develop the domestic energy-saving and new energy vehicle industry, which includes battery-electric vehicles, plug-in hybrid vehicles and fuel cell vehicles. 2012 Chinese Auto Industry Development Report. Developing the industrial system. L/100km (40 mpg US) or less.