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Price wars fail to boost China's auto consumption

CN EV Post

With consumers in a wait-and-see mood, orders and transaction rates did not increase significantly, and auto demand recovered less than expected, the CADA said. However, orders and transaction rates did not increase significantly as consumers were in a wait-and-see mood, and auto consumer demand did not recover as expected, the CADA said.

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Japan’s antitrust watchdog to issue warning to Toyota subsidiary – ET Auto

Baua Electric

subsidiary after discovering it forced subcontractors to store auto parts molds without paying the costs, local media reported on Sunday. Japan’s antitrust watchdog plans to issue a warning to a Toyota Motor Corp. Toyota Customising & Development Co.

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NIO launches new ET7, unveils new ES6 at Shanghai auto show

CN EV Post

The 2023 ET7 is now available for pre-order and order lock-ins, with deliveries to begin in mid-May, William Li, founder, chairman and CEO of NIO, announced today on the first day of the Shanghai auto show. New ES6 (Image credit: CnEVPost) The new ES6 made its debut today at the Shanghai auto show.

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AutoZone’s quarterly profit beats estimates on demand for car parts – ET Auto

Baua Electric

Quarterly net sales at the auto parts supplier, which competes with Advance Auto Parts and O’Reilly Automotive , rose 3.5% However, domestic same-store sales in the quarter remained flat from a year earlier. to about USD 4.24 Analysts on average were expecting AutoZone to report third-quarter net sales of USD 4.29

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Li Auto partners with AR firm Leiniao as NIO-backed Nreal nears product launch

CN EV Post

Starting August 25, Leiniao Air XR glasses will be available on Li Auto's online store, and on August 23, Nreal will hold its first AR glasses launch in China. The post Li Auto partners with AR firm Leiniao as NIO-backed Nreal nears product launch appeared first on CnEVPost. For more articles, please visit CnEVPost.

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Zimbabwe’s Kuvimba signs USD 310 mn lithium mine deal – ET Auto

Baua Electric

Zimbabwe, Africa’s top producer of lithium, which is used in electric vehicle batteries and to store renewable energy, has attracted more than USD 1 billion investment in lithium projects since 2021, mostly from Chinese battery metal firms, according to company filings.

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Tata Motors launches innovative Harman Ignite Platform in its passenger vehicles – ET Auto

Baua Electric

Harman Ignite Store is designed to meet the rigorous demands and standards of the automotive environment — a value proposition that Harman calls ‘Consumer Experiences. We are delighted to collaborate with Tata Motors and bring India its first integrated in-vehicle app store. Automotive Grade.’

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