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Auto industry to invest USD 7 bn in 5 years to deepen parts localisation – ET Auto

Baua Electric

“World over, the industry is building resilient supply chains by reducing overdependence on any particular country or geography,” said Shradha Suri Marwah, president of ACMA. Automakers and their suppliers are likely to make this investment between FY24 and FY28, industry body Automotive Component Manufacturers Association ( ACMA ) said.

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

Green Car Congress

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

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CAR report quantifies automotive’s position as a leading high-tech industry

Green Car Congress

Percentage of Global R&D Spending by Industry, 2013. A newly-released report by the Center for Automotive Research (CAR) concludes that the automotive industry is not only “high-tech,” it is frequently a leader in technological developments and applications. Click to enlarge. —Center for Automotive Research.

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Audi and KIT working on recycling for automotive plastics via pyrolysis oil

Green Car Congress

Audi and the Karlsruhe Institute for Technology (KIT) are therefore launching a pilot project for chemical recycling as part of the “Industrial Resource Strategies” THINKTANK in order to feed such mixed plastic fractions back into a resource-conserving circular system.

Kits 410
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Tesla China planned to cut Model Y production by at least 20% in March-June: Reuters

Teslarati

Tesla has significantly reduced production of its Model Y electric car at its Shanghai factory in recent months, as per industry data and a source reportedly familiar with the matter. Data from the China Association of Automobile Manufacturers (CAAM) seems to corroborate the production cuts.

China 123
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Looking Ahead: What’s Coming in the EV Industry 2022 and Beyond

Driivz

Looking forward, here is what we think the major developments in the EV Industry will be in 2022 and beyond. Adoption of EVs by consumers, governments and automobile manufacturers has passed the critical turning point. Making all these parts work together will depend on smart energy management solutions.

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Agreement reached to standardize swappable batteries for electric motorcycles

Green Car Congress

Kawasaki Heavy Industries, Ltd., Parts of the common specifications agreed upon are compliant with the Society of Automotive Engineers of Japan, Inc. The consortium was established by Honda Motor Co., Suzuki Motor Corporation and Yamaha Motor Co., in April 2019, aimed at increasing the adoption of electric motorcycles in Japan.