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The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

BYD launched its Seagull, a small hatchback EV with a price tag starting at 69,800 yuan (~$9,773), at the Shanghai Auto Show last year. auto market anytime soon , some U.S. at this point, the company has been beginning to deliver its EVs in several markets throughout Europe and Asia. auto sector,” the organization writes.

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SKF appoints Mukund Vasudevan as MD- India and President for Industrial Region, India and SE Asia | Autocar Professional

Baua Electric

SKF has appointed Mukund Vasudevan as MD- India and President for Industrial Region, India and South East Asia, effective today. He succeeds Fredrik Hallen, the Acting President for Industrial Region ISEA. In his previous role, he served as Managing Director – Enterprise at Moglix.

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ABB-sponsored report suggests global plans for 80 new EV battery gigafactories insufficient

Green Car Congress

A new report sponsored by ABB Robotics and authored by the automotive intelligence unit of Ultima Media auggests that concerns over EV battery supply to meet the escalation in demand poses serious risk to the growth of market share of electric vehicles, despite plans for 80 new global battery gigafactories.

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Ford to reopen Chennai plant for EV exports to spearhead its global comeback

Baua Electric

However, This time, Ford will focus on EVs as it faces a global comeback. Ford India plant will reopen to export global EVs Ford submitted a Letter of Intent (LOI) to the government of Tamil Nadu earlier this month, outlining plans to restart its Chennai plant for export. Hart explained that the plant will “serve new global markets.”

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Investment in critical minerals in web of doubt, says industry – ET Auto

Baua Electric

Many companies are reluctant to invest in critical minerals and energy transition projects due to uncertainty about consumer demand for EVs and government commitment to zero-carbon goals , industry players said. “The question is where do we put our next capacity. You have to be very agile, the market is moving very fast,” he said.

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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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Global wind turbine order intake reached new highs in H1 2024

Baua Electric

Photo: DongFang Electric Corporation Global wind turbine order intake reached new highs in H1 2024, with 91.2 gigawatts (GW) of activity, a 23% increase year-over-year, thanks to the Asia-Pacific region. In fact, the Asia-Pacific region accounted for a whopping 85% of global intake in the first half of 2024.

Wind 52