Remove Auto Remove Download Remove Light Remove Parts
article thumbnail

Car parts maker Valeo posts lower first-quarter sales on weak EV demand – ET Auto

Baua Electric

Car parts makers face slowing auto production, leaving suppliers with excess capacity, and are striving to reduce costs, including laying off workers, as Chinese EV makers expand in Europe. We expect that what we were able to get in 2022 and 2023, we will be able to get again in 2024.”

Parts 52
article thumbnail

Rane (Madras) opens new facility in Aguascalientes, Mexico, for steering parts – ET Auto

Baua Electric

This new state-of-the-art facility will help us to address the demand for steering and suspension components in the North American region and position us to capitalise on the emerging trend of localization of parts by the customers in this region driven by USMCA (United States-Mexico-Canada Agreement).

Mexico 52
article thumbnail

Frank Huber to join Marelli as EVP and President of Automotive Lighting & Sensing – ET Auto

Baua Electric

Frank has more than 20 years of experience in the automotive industry and knows the automotive lighting business inside out. Frank Huber will join Marelli as Executive Vice President and President Automotive Lighting and Sensing effective March 1, 2024, and will be based in Reutlingen, Germany. and Mexico.

Light 40
article thumbnail

European battery maker ACC partners with Circulor to map supply chain, carbon emissions – ET Auto

Baua Electric

The partnership comes as the European auto industry readies for a “battery passport” that will trace the content and carbon footprint of EV cells sold in Europe. Circulor is also part of the battery passport project.

Carbon 97
article thumbnail

Luminar says Tesla is biggest customer for its lidar sensors – ET Auto

Baua Electric

Lidar, which stands for light detection and ranging, shoots out light pulses that are reflected off objects, allowing self-driving systems and driver-assistance software to gain a three-dimensional map of the road. Many self-driving companies and experts regard it as a crucial component, especially during low-light situations.

Auto 52
article thumbnail

Centre woos Tesla and states gear suppliers – ET Auto

Baua Electric

For its part, Tesla is known to favour a local supply system to accelerate production and save time and costs associated with transporting components. “Similar strategic supply chain partnerships exist globally for components such as telematics, power cables, LED lights, and displays,” he added.

Auto 52
article thumbnail

RCRS innovations files for IPO, aims to expand battery manufacturing – ET Auto

Baua Electric

The company is a major supplier of battery packs for solar lighting applications in India and also produces monocrystalline and polycrystalline PV panels. The company is also a part of the MSMEx SME IPO Cohort program. For the nine months ending December 31, 2023, RCRSIL reported revenues of INR 78.68 crore and a profit of INR 1.35