Remove Asia Remove Auto Remove Global Remove Industry
article thumbnail

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.

article thumbnail

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.

India 52
article thumbnail

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.

Global 448
article thumbnail

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.

article thumbnail

Renault CEO calls for Auto European plan to protect against ‘onslaught of EVs from China’

Teslarati

Renault CEO Luca de Meo released a 19-page open letter to Europe describing an auto European plan to protect against the ‘onslaught of electric vehicles (EV)’ coming from China.” Meo stated that the center of the global automotive market has gravitated toward Asia. Buoyed by its huge domestic market (8.5

China 116
article thumbnail

Samvardhana Motherson unit mulling USD 500mn dollar bond issue, say bankers – ET Auto

Baua Electric

A unit of Indian auto parts maker Samvardhana Motherson International is planning to raise up to USD 500 million through the sale of five-year dollar bonds and has mandated bankers for the issue, two bankers said on Wednesday. SMRC Automotive Holdings Netherlands B.V. has mandated BNP Paribas , Citigroup, HSBC, J.P. from Wednesday.

Auto 52
article thumbnail

Opinion: How India can become a global hub for mobility tech – ET Auto

Baua Electric

New Delhi: In the pursuit of establishing itself as a global leader in mobility tech nology, India must strategically address four key areas with unwavering commitment and concerted efforts. This relentless focus on technology creation serves as the bedrock of India’s quest for global leadership in mobility tech.

India 52