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Tesla Faces Stiff Competition By The Rise Of Chinese Auto, Tech Giants
Chinese electric-vehicle makers led by BYD beat Tesla in the competition to produce affordable electric vehicles. Now, many of those same fierce competitors are pulling into the passing lane in the global race to produce self-driving cars.
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New Electric Car Scheme Offers Import Tax Cuts To Makers For Local Production
The government will significantly lower import tax for foreign automakers that pledge to invest in domestic electric vehicle (EV) production, as it looks to strengthen local manufacturing and draw in global industry leaders.
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Automotive Blockchain Market Projected to Hit $5.6 Billion by 2030: Report
A report by Allied Market Research (AMR) has estimated that the global automotive blockchain market is on the track to become a $5.6 billion (roughly Rs. 47,800 crore) dollar industry by 2030.
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NITI Aayog: By 2030 Automotive Component Production To Cross $145 Bn Mark
NITI Aayog's report also outlined several strategic fiscal and non-fiscal interventions aimed at enhancing India's global competitiveness in the automotive sector.
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With $2.45 Billion Investment in India, Can Hyundai Challenge China's EV Dominance?
SNE Research which provides global market research and consulting to the rechargeable batteries industry ranked Hyundai as the top sixth EV carmakers by sales in 2022. The Asian carmaker is ramping up its production capabilities as it aims to become one of the world's top three electric vehicle manufacturers by 2030.
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6 Airbags In Cars A Must From October 2023
Union Minister Nitin Gadkari said today that considering the global supply chain constraints faced by the auto industry, the six-airbag safety rule for passenger cars in India shall be implemented from October next year
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EV Maker Rivian Plans To Cut Hundreds Of Jobs - Bloomberg News
Rivian had over 10,000 employees globally, as of Dec 31, 2021, according to the company's filing.
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STMicro, GlobalFoundries Plan New $5.7 Billion French Chip Factory
The project represents the lion's share of 6.7 billion euros ($6.8 billion) of investment from major global companies that President Emmanuel Macron is due to announce at this year's Choose France summit in Versailles.
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Global Equities Waver, Oil Falls Amid Recession Fears
The dollar's role as the safe-haven currency for investors concerned about the economic outlook has been burnished in recent weeks, with the U.S. currency roaring to two-decade highs against multiple currencies, while the euro sank to within a whisker of parity with the dollar.
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Ford Targets EV Capacity Expansion To Over 2 Million Units By 2026
Ford is looking to expand global EV output to 600,000 units annually by end-2023 with suppliers already in place
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Volkswagen To Develop New Semiconductor With STMicro Amid Chip Crunch
Volkswagen and Franco-Italian chipmaker STMicroelectronics will co-develop a new semiconductor amid a global microchip crunch that has strained the car industry's supply chain.
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Bosch To Invest 3 Billion Euros In Chip Production
Bosch last year opened a 1 billion euro chip factory in Dresden, a record investment as it sought to stake its claim in the growing market for chips to equip self-driving and electric cars amid a global shortage.
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Polestar Launches Global Design Contest 2022
Swedish electric performance car brand, Polestar launches its 2022 future mobility Design Contest led by CEO and renowned car designer Thomas Ingenlath under the Performance theme.
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GNCAP Includes ESC, Side Impact & Pedestrian Protection In Updated Crash Test Protocol
Global NCAP has announced that it has updated the crash test protocols for Safer Cars For India and Safer Cars For Africa programmes from July 2022 to include ESC, side impact protection, and pedestrian protection in its assessment.
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Toyota Warns Profit To Skid 20% As Raw Materials Costs Pile Up
Toyota Motor warned "unprecedented" hikes in raw material costs could slice a fifth off full-year profit, a clear sign the world's top automaker by sales can no longer shrug off the supply-chain crunch that has roiled the global industry.
-
Tesla Faces Stiff Competition By The Rise Of Chinese Auto, Tech Giants
Chinese electric-vehicle makers led by BYD beat Tesla in the competition to produce affordable electric vehicles. Now, many of those same fierce competitors are pulling into the passing lane in the global race to produce self-driving cars.
-
New Electric Car Scheme Offers Import Tax Cuts To Makers For Local Production
The government will significantly lower import tax for foreign automakers that pledge to invest in domestic electric vehicle (EV) production, as it looks to strengthen local manufacturing and draw in global industry leaders.
-
Automotive Blockchain Market Projected to Hit $5.6 Billion by 2030: Report
A report by Allied Market Research (AMR) has estimated that the global automotive blockchain market is on the track to become a $5.6 billion (roughly Rs. 47,800 crore) dollar industry by 2030.
-
NITI Aayog: By 2030 Automotive Component Production To Cross $145 Bn Mark
NITI Aayog's report also outlined several strategic fiscal and non-fiscal interventions aimed at enhancing India's global competitiveness in the automotive sector.
-
With $2.45 Billion Investment in India, Can Hyundai Challenge China's EV Dominance?
SNE Research which provides global market research and consulting to the rechargeable batteries industry ranked Hyundai as the top sixth EV carmakers by sales in 2022. The Asian carmaker is ramping up its production capabilities as it aims to become one of the world's top three electric vehicle manufacturers by 2030.
-
6 Airbags In Cars A Must From October 2023
Union Minister Nitin Gadkari said today that considering the global supply chain constraints faced by the auto industry, the six-airbag safety rule for passenger cars in India shall be implemented from October next year
-
EV Maker Rivian Plans To Cut Hundreds Of Jobs - Bloomberg News
Rivian had over 10,000 employees globally, as of Dec 31, 2021, according to the company's filing.
-
STMicro, GlobalFoundries Plan New $5.7 Billion French Chip Factory
The project represents the lion's share of 6.7 billion euros ($6.8 billion) of investment from major global companies that President Emmanuel Macron is due to announce at this year's Choose France summit in Versailles.
-
Global Equities Waver, Oil Falls Amid Recession Fears
The dollar's role as the safe-haven currency for investors concerned about the economic outlook has been burnished in recent weeks, with the U.S. currency roaring to two-decade highs against multiple currencies, while the euro sank to within a whisker of parity with the dollar.
-
Ford Targets EV Capacity Expansion To Over 2 Million Units By 2026
Ford is looking to expand global EV output to 600,000 units annually by end-2023 with suppliers already in place
-
Volkswagen To Develop New Semiconductor With STMicro Amid Chip Crunch
Volkswagen and Franco-Italian chipmaker STMicroelectronics will co-develop a new semiconductor amid a global microchip crunch that has strained the car industry's supply chain.
-
Bosch To Invest 3 Billion Euros In Chip Production
Bosch last year opened a 1 billion euro chip factory in Dresden, a record investment as it sought to stake its claim in the growing market for chips to equip self-driving and electric cars amid a global shortage.
-
Polestar Launches Global Design Contest 2022
Swedish electric performance car brand, Polestar launches its 2022 future mobility Design Contest led by CEO and renowned car designer Thomas Ingenlath under the Performance theme.
-
GNCAP Includes ESC, Side Impact & Pedestrian Protection In Updated Crash Test Protocol
Global NCAP has announced that it has updated the crash test protocols for Safer Cars For India and Safer Cars For Africa programmes from July 2022 to include ESC, side impact protection, and pedestrian protection in its assessment.
-
Toyota Warns Profit To Skid 20% As Raw Materials Costs Pile Up
Toyota Motor warned "unprecedented" hikes in raw material costs could slice a fifth off full-year profit, a clear sign the world's top automaker by sales can no longer shrug off the supply-chain crunch that has roiled the global industry.
