Baua Electric

MAY 4, 2024

Canada’s Magna International missed first-quarter profit estimates and cut its full-year overall sales forecast on Friday, as auto parts suppliers navigate ongoing supply constraints and bumpy demand for electric vehicles. The company’s shares were down about 4% in early trade.

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Baua Electric

JUNE 4, 2024

New Delhi: Marelli has been awarded a significant contract from a major global carmaker to supply the Battery Thermal Plate (BTP) for future Battery Electric Vehicles (BEVs). The supply will begin in 2024, reaching approximately 5 million units over the contract period.

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Baua Electric

MARCH 4, 2024

“It’s worth noting that there is concentration of risk for lithium battery production, with over 70% being produced in China alone,” said, ACEN CEO Eric Francia.

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Baua Electric

APRIL 17, 2024

Ramkrishna Forgings has signed an agreement to supply power train components to USA’s largest electric passenger vehicle producer, the company said in a stock exchange filing on Thursday. “This collaboration speaks volumes about our ongoing commitment to innovate and our capabilities to meet the demands of the EV industry.

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Baua Electric

JANUARY 31, 2024

Tesla is expanding its battery facility in Sparks, Nevada to bring the supply chain for cheaper lithium iron phosphate batteries (LFP) to the United States, Bloomberg News reported on Wednesday. China currently houses the largest manufacturers of LFP batteries, including BYD and CATL, which supply Tesla.

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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

MAY 6, 2024

The eTVD is currently in production on the Polestar 3 SUV, and production for the major European OEM will follow later this year, the company said in a media release. and President and General Manager, BorgWarner Drivetrain and Battery Systems.

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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. You try to get in and try to sell them as many of your products as you can.”

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Baua Electric

MARCH 21, 2024

Volkswagen will bring new automated driving technologies to series production as it deepens its partnership with Mobileye in automotive driving technologies, Europe’s biggest carmaker said on Wednesday. Mobileye is also set to supply further automated driving software to Volkswagen’s commercial vehicles unit.

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Baua Electric

JUNE 5, 2024

New Delhi: Brakes India , a TSF Group company and India’s leading braking systems manufacturer, together with ADVICS , an AISIN Group company and Japan’s leading premium brake system supplier, plan to form a joint venture to design, develop and manufacture advanced braking products for the Indian light vehicle market.

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Baua Electric

FEBRUARY 29, 2024

Also supporting prices was a brighter demand outlook following a jump in lithium end-users’ planned production, said Zhang Weixin, an analyst at China Futures. Measures taken by producers to address the environmental could slow down their operation and affect production and supply, analysts said.

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Baua Electric

FEBRUARY 29, 2024

“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. Besides reducing imports, the industry also looks to make India an export hub for advanced auto components. lakh crore in FY22.

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Baua Electric

JANUARY 19, 2024

General Motors’ Cadillac is ramping up production of its Lyriq compact, electric sport utility vehicle now that more batteries are available and demand for luxury EVs remain strong despite a slowdown for other types of EVs, a senior executive said on Thursday. The luxury brand had delivered fewer than 2,400 in the first half.

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Baua Electric

MARCH 15, 2024

Parts of our key supply chains, including for clean energy, are currently over-concentrated in China,” US Treasury Secretary Janet Yellen said earlier this month during a visit to Chile, home to the largest lithium reserves. The global lithium industry is so interwoven with Chinese capital now that it’s going to be impossible to unpick.

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Baua Electric

MARCH 22, 2024

Ltd (StarCharge) to manufacture and sell Electric Vehicle Supply Equipment (EVSE) in India. With this partnership Uno Minda further builds up on its EV-specific product portfolio for the passenger car market, the company said. The EVSE comprises wall-mounted AC chargers designed for convenient home charging.

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Baua Electric

FEBRUARY 28, 2024

New Delhi: The Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s Auto Component manufacturing industry, successfully concluded the 4 th edition of its ‘Transforming Mobility 2024 -Global Summit & Expo’. Secretary, Ministry of Heavy Industries, Govt. participated in the expo.

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Baua Electric

FEBRUARY 6, 2024

New Delhi: Ramkrishna Forgings Limited, one of the leading suppliers of rolled, forged, and machined products, has been awarded contract valued at USD13.16 Under this deal, the company will be supplying rear axle components and services for the off-highway sector in North America for the next four years. million (INR 109.2

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Baua Electric

MAY 30, 2024

The companies will combine their respective strengths, where EVE will supply battery cells and DC side ESS products to Kabra, and Kabra will assemble and integrate these products at its manufacturing facility in India, the company said in a media release. Ekta Kabra, Managing Director of Kabra Extrusiontechnik Limited, said.

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Baua Electric

JANUARY 17, 2024

OneD Battery Sciences and Koch Modular said on Wednesday they have teamed up to build a factory in North America to produce enough silicon-graphite anode material to supply batteries for around 1 million EVs annually. production uneconomical, Koch Modular president George Schlowsky told Reuters. Koch Modular, minority-owned by U.S.

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Baua Electric

JANUARY 10, 2024

silicon anode startup scale up production for electric vehicle batteries at a factory in Germany, the two companies said on Wednesday. It is one of a number of startups developing silicon anodes, including Nexeon, Group 14 Technologies and Sila Nanotechnologies, all touting better performance than graphite.

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Green Car Congress

JUNE 23, 2013

The agreement, which will strengthen both GE and Rosneft manufacturing and commercial capabilities, is part of GE’s plan to invest $1 billion in the oil and gas industry in Russia by 2020. Enhancing production, including the use of artificial lift technologies. Refining gas and petrochemicals.

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Baua Electric

JUNE 17, 2024

Pittsburgh-based Matthews began supplying Tesla with manufacturing machinery in 2019, according to the complaint. Updated On Jun 18, 2024 at 08:38 AM IST --> Published On Jun 18, 2024 at 08:36 AM IST 1 min read --> Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis.

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Auto Batteries Battery Tesla 52

Baua Electric

APRIL 30, 2023

Crude steel production in China also increased 6 per cent to 261.6 Prices for industrial materials such as ferrous and nonferrous metals are plummeting, with steel marking a five-year low as concerns grow about a slowing Chinese economy and a resulting supply glut, reported Nikkei Asia. million tonne, according to Nikkei Asia.

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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. Srinivas, Executive VP-Product Strategy and Purchasing at VE Commercial Vehicles; S.

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Baua Electric

APRIL 8, 2024

It also dominates global supplies of many other industrial metals needed for the energy transition: a source of worry for western leaders with net zero targets to meet. “That’s not something that anyone has actually factored into a lot of these supply and demand balances.”

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Baua Electric

MAY 25, 2024

The gigafactory will have an initial production capacity of 16 GWh/year and create about 1,200 direct jobs and 3,000 indirect jobs within two years, Verkor says. The financing allows Verkor to fund construction of the plant, which will supply Renault’s premium and Alpine electric models among others. billion euros (USD 1.41

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Teslarati

NOVEMBER 2, 2021

. “Silicon shortages have delayed production which has impacted our ability to fulfill orders. The ongoing chip shortage has adversely affected numerous industries worldwide, so it is not surprising that SpaceX’s production of its Starlink kits is seeing some delays as well.

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Baua Electric

MAY 22, 2024

Giovanni De Fillipis, MD of Cornaglia Group, said, “The R&D center in India is a milestone for our strong plans to create industrial capabilities for our After-Treatment products, to be sold in India and international markets, utilizing our 100+ years of experience.”

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Baua Electric

MARCH 11, 2024

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. Technologies are rapidly evolving in the automotive space.

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India Auto Industrial Industry 52

Baua Electric

APRIL 28, 2024

Minister of Industry and Mineral Resources Bandar Alkhorayef stated in an interview that attempts to secure domestic supplies were in early stages. He emphasized the importance of lithium in the supply chain and expressed confidence that Saudi Arabia couldn’t afford to overlook it.

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Baua Electric

APRIL 11, 2024

“In 2024, the entire world is in a stage of reconfiguring supply chains, geopolitics are bringing new challenges to supply chains,” CNESA said in the white paper. That estimate lags the expected growth in sales of energy storage products, which will rise 35% year-on-year globally, according to the white paper.

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Green Car Congress

MARCH 31, 2015

The project’s first white paper reveals that China is way out in front when it comes to patent applications for the basic technologies needed for Industry 4.0. Industry 4.0. Industry 4.0, says consultancy Roland Berger, emphasizes the idea of consistent digitization and linking of all productive units in an economy.

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Baua Electric

MAY 3, 2024

BorgWarner, which supplies parts to Ford Motor and Volkswagen , develops and manufactures products to improve fuel economy, EV powertrains, chargers and battery systems, among other components. The company has benefited from automakers rushing to put out vehicles with smaller engines that are powerful and meet modern emission norms.

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Baua Electric

APRIL 18, 2024

The order is centered on the supply of suspension arms tailored for both conventional internal combustion engine (ICE) vehicles and new-age electric vehicle (EV) platforms, the company said. The production for the same would be done from the Pune plant of MTCS for which a capex investment of INR 65 crore is envisaged in FY25, it added.

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Baua Electric

MARCH 7, 2024

This policy mandates providing preference to products with 15%-50% value addition in procurement orders. The Steel Ministry has extended the policy for preferential procurement of locally manufactured steel products by six months. This policy mandates providing preference to products with 15%-50% value addition in procurement orders.

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Baua Electric

APRIL 15, 2024

Chile ‘s state-run copper miner Codelco is poised to improve production this year and begin to climb from its lowest dip in a quarter century, the head of Chilean copper studies center CESCO said ahead of a major industry conference that starts Monday. Some signs are already showing.

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Baua Electric

MARCH 18, 2024

China is falling short when it comes to decarbonising its huge steel industry, with slowing demand, low recycling rates and lingering overcapacity concerns hindering the transition towards lower-emission production, researchers said on Tuesday. Progress has also been held back by the construction of new blast furnace capacity.

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