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Sona Comstar adopts 3-pronged strategy to beat China globally in EV parts supply – ET Auto

Baua Electric

Sona Comstar provides mission critical systems for electrified and non-electrified powertrains to BEVs as well as ICE vehicles, in India and many markets across the world. Already, Sona Comstar has set up a new manufacturing facility in Mexico, which will be used to supply driveline solutions to BEVs in the North American market.

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Hyundai Mobis to expand investment in EV parts, automotive chips – ET Auto

Baua Electric

New Delhi: Hyundai Mobis , South Korea’s leading auto parts maker, has said it plans to boost its investment in electric vehicle (EV) parts and automotive chips this year. Such projects will make up around 70% of its total investment, rising sharply from the current 50%, he added.

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Mazda and Panasonic’s energy unit sign auto battery supply agreement – ET Auto

Baua Electric

The agreement is likely to help Mazda step up production of EVs as part of a 1.5 Japanese automaker Mazda Motor and the energy unit of Panasonic Holdings said on Friday they have signed an automotive battery supply agreement. The agreement is likely to help Mazda step up production of EVs as part of a 1.5 trillion-yen (USD 9.9

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

Baua Electric

Automotive Cells Co ( ACC ) has partnered with UK startup Circulor to check the provenance and embedded carbon emissions of raw materials the France-based battery maker uses for electric vehicle (EV) battery cells, the two companies said on Wednesday. Circulor is also part of the battery passport project. billion) investment.

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VCs chase auto parts makers to hitch a ride on EV journey – ET Auto

Baua Electric

Such firms have raised funds to expand operations as local demand for EV parts has shot up, opening up the space that has been traditionally dominated by large manufacturers like Sona Comstar and Sterling Gtake. Matel started off as a solar water pump manufacturer in 2016 before starting EV part manufacture in FY21.

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Pavna Industries inks deal with Ola Electric to supply ignition switches, latches for EVs – ET Auto

Baua Electric

Ola Electric Mobility has been playing an instrumental role in driving EV adoption and penetration in India, the company said in a media release. Under this agreement, Pavna Industries commits to providing high-quality ignition switches and latches to Ola Electric across its manufacturing plants in India.

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

Baua Electric

The first business for this facility is an order for supply of inner and outer ball joints to a leading automotive tier-1 for an upcoming electric vehicle platform of a leading American OEM. The program is slated for launch in 2025 with a peak annual sales value of INR 80 crore, the company said in a media release.

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