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Motherson Group collaborating with UBQ to bring carbon-negative thermoplastics into auto parts

Green Car Congress

Global automotive Tier 1 manufacturer Motherson Group is collaborating with Israeli cleantech company UBQ Materials. The companies are joining efforts to implement the carbon-negative UBQ thermoplastic ( earlier post ) into auto parts manufactured by Motherson Group for the automotive industry.

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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. automotive groups have expressed concerns over the Seagull EV and other affordable mass-market EVs eventually coming to North America. BYD last year sold 1.57

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Geely and Renault Group to create global powertrain company for advanced hybrid and efficient ICE powertrains

Green Car Congress

Geely Holding Group, Geely Automobile Holdings Limited (collectively “Geely”) and Renault Group have signed a non-binding framework agreement to create a new global leader to develop, manufacture and supply best-in-class hybrid powertrains and highly efficient ICE powertrains. —Luca de Meo, CEO Renault Group.

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ZF Group sells 7.5% stake in Indian subsidiary for growth initiatives – ET Auto

Baua Electric

New Delhi: ZF Group has sold a 7.5% Despite the sale, ZF Group retains a strong majority in ZF CVCS India. As the market leader in India’s commercial vehicle supplier industry, ZF CVCS India remains crucial to ZF’s global growth plans. The transaction involved 1,425,000 shares being sold to institutional investors.

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ASK Auto forms JV with AISIN Group to enter domestic, global car parts aftermarket – ET Auto

Baua Electric

ASK Automotive Ltd – AISIN Group Companies Joint Venture New Delhi: ASK Automotive Limited, India’s largest manufacturer of Brake Shoes and Advanced Braking Systems for Two-Wheelers, announced a Landmark Joint Venture Agreement with AISIN Group Companies, comprising AISIN Asia (Thailand) Co.

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G-7 to set up semiconductor group to coordinate supply chains – ET Auto

Baua Electric

Leaders from the Group of Seven are set to announce plans for a group that will help coordinate the supply chain for semiconductors that are critical to the global economy. G-7 leaders are meeting this week in southern Italy.

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Rio Tinto and Shougang Group to explore steel decarbonization solutions

Green Car Congress

Rio Tinto and Shougang Group , one of the world’s top 10 steel producers, have signed a Memorandum of Understanding (MoU) to promote research, design and implementation of low-carbon solutions for the steel value chain. Around 70% of global steel is produced using the BF-BOF route, according to the World Steel Association.