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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. Mitsubishi Rayon Co.

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Li Auto rolls out price protection policy amid China auto price war

CN EV Post

The price war in China's auto industry has intensified the wait-and-see mood among car buyers, and Li Auto 's move helps to allay potential consumers' concerns to some extent. For consumers who purchase these models, if the prices drop within 90 days of their order, then Li Auto will refund the difference.

Auto 64
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Europe’s biggest EV market is about to hit a perfect storm of problems

Baua Electric

According to Automotive News Europe , manufacturers are pushing back rollouts of EVs, and rental firms are “paring purchases for their fleets.” But that’s part of a downward trend that has been happening since the pandemic, according to VDA. million this year. According to VDA estimates, the global market should see a 2% growth to 77.4

Market 52
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KPMG Survey: execs say connected car generates 10x revenue than a conventional vehicle; market share based on units “outdated”; BEVs #1 trend

Green Car Congress

Ford has hired Musa Tariq as vice president and chief brand officer as part of its expansion to an auto and a mobility company. However, both executives and consumers agree that data security and privacy is the top purchasing criteria in the self-driving age where passengers are interacting with the car’s digital platform.

Connected 150
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ACMA awards 59 companies for excellence in production, innovation, localisation, exports – ET Auto

Baua Electric

The jury panel for the 58th ACMA Excellence Awards, besides Vinod Aggarwal, included, Sunil Kakkar, SIAM Aatmnirbhar Bharat Sourcing Group; and Senior Executive Officer – Supply Chain & Enterprise Strategy at Maruti Suzuki India, Sanjeev Jain, Director Purchase at Honda Motorcycle & Scooter India; Ganesh Mani S.,

Auto 52
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When Will EVs Hit Primetime?

Revenge of the Electric Car

BMW’s Mini is rolling out its electric car in three phases. Similarly, in China, the sheer size of the auto industry and the country’s ambitious clean-energy goals suggest a potentially huge market for electric cars. The third phase will be released around 2015. US, China partner on electric cars.

China 133
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In December EVs took more than half of the German car market

Push EVs

Part of the influence on December’s very high plugin sales was a looming trimming of Germany’s plugin incentives starting on January 1st. In fact, if we separate out autos by powertrain variant (e.g., Far outside the top 20, the new BMW iX1 had a strong second month on sale, registering 807 units (from a 77 unit debut in November).

Market 59