Scientists at Oak Ridge National Laboratory have advanced the use of DuAlumin-3D for high-temperature automotive components, opening new possibilities for stronger, lighter 3D-printed aluminium parts in engines and beyond. Aluminium has long been attractive for automotive components because it...
India’s public-sector banks have proposed putting electric vehicles, charging networks, battery-swapping infrastructure and climate-transition projects into a clearer priority-sector lending framework. The plan could direct more formal credit toward the systems needed to scale electric mobility,...
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China's new-vehicle market has contracted for the 15th straight month, with sales declining 5.2 percent from a year earlier to 2.27 million in September, as the nation’s weakening economy continues to weigh on light vehicle demand. Last month, new light-vehicle deliveries slipped 6.3 percent to...
China’s production and sales of new energy vehicles (NEVs) continued to decline in September, the China Association of Automobile Manufacturers (CAAM) said on Monday. The country produced 89,000 units of NEVs last month, down 29.9% year-on-year. NEV sales fell by 34.2% YoY to 80,000 units in...
Shinhwa Group, an automotive parts manufacturer in South Korea, announced it will make a new $42 million investment in manufacturing operations in Auburn, Alabama. The company will initially manufacture drive shafts for vehicles made by Hyundai Motor Manufacturing Alabama in Montgomery and Kia...
Nio Inc. announced last week, it would open smaller showrooms for better sales network, cut jobs and spin off some business units after reporting a second-quarter loss of US$478.6 million, 25 per cent more than its first-quarter loss. The move was decided to control massive cash crunch amid slowing...
Ahead of a key bilateral meeting between the U.S. and Japan, Japanese foreign minister Toshimitsu Motegi said trade talks will bring peace mind for the automakers and farmers. Motegi is likely to meet U.S. Trade Representative Robert Lighthizer ahead of a summit between President Donald Trump and...
Renault Group has launched its first locally produced electric vehicle, the Renault K-ZE at an auto show in Chengdu. The low-cost subcompact crossover targets urban commuters and has a range of 271 kilometers with a maximum speed of 105 km per hour. The K-ZE is the third product Renault has built...
The Road Transport and Highways Minister Nitin Gadkari reportedly said that he cleared a cabinet note on the proposed vehicle scrapping policy, while the finance ministry approved it. So, a final call should be taken on the policy soon, said the Union Minister, adding that it will be applicable on...
Liang Xuan, a senior aluminium analyst at Shanghai Metals Market, anticipates a growth in the use of aluminium in car body panels as there has been a fall in aluminium sheet cost, tightening government policies, and improving welding techniques. The potential for growth is significant given the...
According to a recent report, Chinese automotive manufacturer Chery, in association with German electric vehicle producer Steatscooter, will build a production plant for manufacturing electric light commercial vehicles for postal and parcel transport use. As per the report, both Chery and...
Guiyang, the capital of southwest China’s Guizhou province, has eased its previous restrictions on issuing special license plates for vehicles in order to boost vehicle sales. The city becomes the first one to work on ending restrictions on new-vehicle sales. Guiyang started issuing special license...
Lenders lost all hope of recovering the dues worth INR 12,603 crore owed by the once thriving auto parts maker Amtek Auto after the National Company Law Appellate Tribunal (NCLAT) had ordered liquidation of debt-ridden Amtek Auto on August 15. The tribunal court declined the lenders' request to...
According to a reply from the Ministry of Industry and Information Technology to China’s parliament, they are not ready to stop conventional vehicle sales any time soon. The statement was posted in response to the parliament’s query on a timeframe to end sales of gasoline-powered vehicles. The...
President Donald Trump last Friday announced 30% tariffs will be levied on US$250 billion of Chinese imports from October 1, up from the current 25 per cent. New tariffs set for Sept. 1 would increase to 15 per cent from current 10 per cent. The announcement came after Beijing had declared that it...
BYD Co. reported a 204 per cent rise in profit in H1 2019 driven by the surge in China's new energy vehicle market. The automaker funded by U.S. investor Warren Buffett produces battery electric and plug-in hybrid vehicles and also conventional vehicles. The company posted net profit of RMB 1.45...
In order to adhere to Beijing’s regulation to ramp up electrified vehicle and light-truck output, Hyundai Motor Co. plans to launch its second and third electric vehicles in China in fourth quarter 2019. According to a statement from Beijing-Hyundai, Hyundai’s JV with BAIC Motor Group, the battery...
During a panel discussion last week at the 2019 CAR Management Briefing Seminars, representatives from steel, aluminium and plastic industry seem to be agreeing with working together rather than competing with each other in the auto sector. Most of the automotive experts agreed on a mixed-materials...
According to the China Association of Automobile Manufacturers (CAAM), sales of new energy vehicles across Chinese markets declined in July, the first full month after the new subsidy scheme took effect. NEV sales registered month-on-month decline by 47.5% and year-on-year by 4.7% to stand at...
According to the latest update from Shanghai Metals Market, about 73,500 new energy vehicles obtained qualification certificates in China in the month of July. This marks a decrease of 43 per cent from a month ago and 18.3 per cent from the same period last year, the first-ever Y-o-Y decline since...
