Auto Component Maker
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Auto Components Maker Lifelong Group Acquires After-Sales Service Startup GoMechanic
Auto components maker Lifelong Group on Wednesday said it has acquired stressed automobile after-sales service startup GoMechanic for an undisclosed amount. The GoMechanic business has been acquired by the Lifelong Group as the majority shareholder under Servizzy consortium, the Delhi-based firm said in a statement.
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EV Maker Nikola Jumps On Securing Supplies To Meet 2022 Delivery Target
Electric vehicle maker Nikola Corp said it had secured sufficient component supplies to meet its delivery target of between 300 and 500 Tre battery electric trucks this year, sending its shares more than 7% higher.
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EV Parts Maker Schaeffler Signs First Of A Kind European Rare Earth Deal
Schaeffler has agreed a five-year deal with Norway-based REEtec to supply rare earth oxides from 2024.
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'Humble And Hidden' Auto Suppliers Driving The EV Revolution
As legacy auto parts suppliers figure out if and when to sell combustion engine businesses or buy EV parts makers, TE and rivals in the connectors or sensors businesses are looking to supply higher-value components and do more development work with carmakers going through a massive transition.
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Japan Parts Makers Halt Output After Quake, Another Blow To Supply Chain
Even as Japan's dominance of consumer electronics had faded, manufacturers have carved out a world-leading niche in highly specialised components such as Murata's ceramic capacitors and Sony's image sensors.
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Continental Automotive Records Volume Erosion In 2021 Due To Semiconductor Issue
The chip shortage issue has equally disrupted the auto component industry where component makers too have witnessed production cuts.
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Electric Two-Wheeler Makers Welcome PLI Scheme For Auto Sector
Several two-wheeler manufacturers have welcomed the government's announcement to introduce production-linked incentives (PLI) for the auto sector.
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Indian Auto Parts Makers' Shares Gain On Report Of Talks With Tesla
Tesla is holding early talks with some companies for the supply of components such as instrument panels, windshields, differential gears, brakes and power seats, the Economic Times reported on Sunday.
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Indian Auto Part Makers Want Tesla's Entry To Benefit Local Companies
India's auto component makers want Tesla's potential entry to benefit the country's suppliers, and one way to achieve that is for the company to manufacture locally, the head of the Automotive Component Manufacturers Association (ACMA) said.
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Switch Mobility Receives Minority Investment From Dana; To Partner On Electrified CVs
Dana, drivetrain and e-propulsion systems maker will make a minority investment of $18 million in Switch Mobility and will also be a preferred supplier of electric drivetrain components.
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Auto Components Maker Lifelong Group Acquires After-Sales Service Startup GoMechanic
Auto components maker Lifelong Group on Wednesday said it has acquired stressed automobile after-sales service startup GoMechanic for an undisclosed amount. The GoMechanic business has been acquired by the Lifelong Group as the majority shareholder under Servizzy consortium, the Delhi-based firm said in a statement.
-
EV Maker Nikola Jumps On Securing Supplies To Meet 2022 Delivery Target
Electric vehicle maker Nikola Corp said it had secured sufficient component supplies to meet its delivery target of between 300 and 500 Tre battery electric trucks this year, sending its shares more than 7% higher.
-
EV Parts Maker Schaeffler Signs First Of A Kind European Rare Earth Deal
Schaeffler has agreed a five-year deal with Norway-based REEtec to supply rare earth oxides from 2024.
-
'Humble And Hidden' Auto Suppliers Driving The EV Revolution
As legacy auto parts suppliers figure out if and when to sell combustion engine businesses or buy EV parts makers, TE and rivals in the connectors or sensors businesses are looking to supply higher-value components and do more development work with carmakers going through a massive transition.
-
Japan Parts Makers Halt Output After Quake, Another Blow To Supply Chain
Even as Japan's dominance of consumer electronics had faded, manufacturers have carved out a world-leading niche in highly specialised components such as Murata's ceramic capacitors and Sony's image sensors.
-
Continental Automotive Records Volume Erosion In 2021 Due To Semiconductor Issue
The chip shortage issue has equally disrupted the auto component industry where component makers too have witnessed production cuts.
-
Electric Two-Wheeler Makers Welcome PLI Scheme For Auto Sector
Several two-wheeler manufacturers have welcomed the government's announcement to introduce production-linked incentives (PLI) for the auto sector.
-
Indian Auto Parts Makers' Shares Gain On Report Of Talks With Tesla
Tesla is holding early talks with some companies for the supply of components such as instrument panels, windshields, differential gears, brakes and power seats, the Economic Times reported on Sunday.
-
Indian Auto Part Makers Want Tesla's Entry To Benefit Local Companies
India's auto component makers want Tesla's potential entry to benefit the country's suppliers, and one way to achieve that is for the company to manufacture locally, the head of the Automotive Component Manufacturers Association (ACMA) said.
-
Switch Mobility Receives Minority Investment From Dana; To Partner On Electrified CVs
Dana, drivetrain and e-propulsion systems maker will make a minority investment of $18 million in Switch Mobility and will also be a preferred supplier of electric drivetrain components.
