Remove Auto Remove Auto Industry Remove Global Remove Supplies
article thumbnail

Stellantis strengthens ties with China’s auto industry

Teslarati

Stellantis appears to be strengthening its ties in China’s automotive industry. Stellantis recently repurchased €934 million in shares from Chinese auto company Dongfeng as per a pre-existing share repurchase framework. In October, the legacy automaker invested in China-based Leapmotor to expand its global electric vehicle (EV) sales.

article thumbnail

Auto component makers to double investments as global supply chains shift from China to India – ET Auto

Baua Electric

Indian component makers are expected to benefit not just by the geopolitical uncertainties compelling global businesses to move away from sourcing from China. New Delhi: The shift has been gradual and the hope that India’s auto component sector becomes truly global finally appears to become real.

India 52
article thumbnail

GlobalFoundries, Ford partner to address auto chip supply and meet growing demand

Green Car Congress

GlobalFoundries (GF), a global leader in feature-rich semiconductor manufacturing, and Ford Motor Company announced a strategic collaboration to advance semiconductor manufacturing and technology development within the United States, aiming to boost chip supplies for Ford and the US automotive industry.

Supplies 186
article thumbnail

VW has delivered 500,000 of its ID EVs despite supply strains

Green Car Reports

Despite supply chain issues that have affected the entire auto industry, Volkswagen claims to have reached a delivery goal for its ID-family electric cars early. VW on Monday said it had passed 500,000 global deliveries of ID models since the first European-market ID.3 It claims to have.

Supplies 191
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. These components account for more than 75% of auto parts imported into the country. To be sure, China dominates auto parts supplies to India.

article thumbnail

CEO’s Take On 2024: Tech-driven auto industry targets to be smarter, greener, says Prashanth Doreswamy – ET Auto

Baua Electric

After two consecutive years of swift growth in the auto industry’s performance, what is your outlook for 2024? 2024 is likely to see the industry stabilize and return to normal. What are the key micro and macro indicators that will play an important role in shaping up the auto industry in 2024?

article thumbnail

GM and GlobalFoundries in long-term direct supply agreement for US production of semiconductor chips

Green Car Congress

General Motors (GM) and GlobalFoundries (GF) have entered a strategic, long-term agreement establishing a dedicated capacity corridor exclusively for GM’s chip supply. We see our semiconductor requirements more than doubling over the next several years as vehicles become technology platforms.

GM 170