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Rheinmetall books order for more than 500,000 hybrid vehicle engine blocks from SAIC

Green Car Congress

The customer is Shanghai Automotive Industry Corporation (SAIC), China’s largest maker of automobiles, motorcycles and car parts. SAIC covers the complete spectrum of drive technology, including vehicles with internal combustion engines, hybrid models and vehicles that are powered entirely by electricity.

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Mitsubishi Rayon acquires majority of carbon fiber reinforced plastics company Wethje; targeting auto industry

Green Car Congress

(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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Volvo hires longtime L’Oreal exec to manage international advertising

Baua Electric

Volvo Vehicles has rented a “digital-first business leader” to aid it transition into producing part of its international gross sales on-line via 2025. Saegh-Fleming shall be tasked with supporting Volvo’s attempt of accelerating its on-line industry and direct client family members, the corporate mentioned.

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ACMA Automechanika New Delhi 2024 draws over 500 exhibitors | Autocar Professional

Baua Electric

Over 100 new exhibitors, four country pavilions With more than 100 new entrants in this year’s event, it will feature an extensive, innovative and technologically advanced product showcase from the industry. The growth of vehicle sales is a clear indicator of growth for the auto components and aftermarket industry. billion in FY2022.

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Siemens presents three-point plan for implementing cost-efficient energy transition in Germany

Green Car Congress

Germany has embarked on a large-scale Energiewende (energy transition)—a policy-driven shift away from nuclear and fossil energy to a renewable energy economy. High electricity rates are burdening private households and industry alike and threatening Germany’s competitiveness, the company noted. Source: Siemens.

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Some decline in EV development but trend remains, Northvolt CEO says – ET Auto

Baua Electric

There is some decline in the trend towards electric vehicles but the underlying development of electrifying automobiles remains in place, Northvolt CEO Peter Carlsson said when presenting the Swedish battery maker’s new plant in Germany on Monday.

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Fraunhofer researchers develop new low-cost dry-film electrode production process

Green Car Congress

Better and more cost-efficient production methods for energy storage are increasingly in demand, especially in Germany: All major automobile manufacturers have launched ambitious electric vehicle programs that will ensure a sharp rise in demand for batteries. © Fraunhofer IWS. The Fraunhofer engineers want to change this.

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