(Reuters) – When the Biden administration announced new U.S. auto-emissions regulations in March, it made concessions to industry allowing for a much slower electric-vehicle transition than it had proposed a year earlier.
Instead of aiming to convert two-thirds of new vehicles to EVs by 2032, it lowered that target and said automakers could comply by producing more gas-electric hybrids. Continue reading “Plug-in polluters? How Biden’s emissions rules go soft on hybrid trucks, SUVs”
Source : PTI | Auto components maker Uno Minda on Wednesday said it has tied up with China’s Suzhou lnovance Automotive Co for production of electric vehicle components. The company has entered into a technical licence agreement with Suzhou for manufacture and sale of select high voltage category electric vehicle products for both passenger and commercial vehicles, Uno Minda said in a statement.
The products, which would be produced, include charging control unit, inverter, motors and electric drive systems, it added. Continue reading “Uno Minda ties up with Chinese firm for production of EV components”
Source : PTI | Sun Mobility on Wednesday announced a strategic collaboration and a joint venture with IndianOil for setting up and deploying a battery swapping infrastructure network by 2030. The joint venture expects to scale up to 10,000 battery swapping stations across 40+ cities in the next three years and will enable seamless adoption of electric mobility across two, three as well as small four-wheelers with ‘Battery as a Service’ (BaaS) mobility solution, the company said in a statement.
The JV brings together IndianOil’s network of over 37,000 fuel stations across the country, with Sun Mobility’s battery swapping technology making it as accessible as conventional fuel stations, it said. Continue reading “Sun Mobility joins hands with IndianOil for setting up battery swapping infrastructure”
WASHINGTON, (Reuters) – U.S. Energy Secretary Jennifer Granholm said on Tuesday quadrupling import duties on Chinese electric vehicles to over 100% in August as planned is crucial to the health of the U.S. auto sector.
“We need to have this industry here. And if we didn’t do that, we would just be ceding the entire territory to China like we saw happen with solar panels,” Granholm said in an interview Tuesday with Reuters reporters and editors. Continue reading “Granholm calls higher US tariffs on Chinese vehicle crucial for automakers”
SHANGHAI, (Reuters) – Electric vehicle maker Nio has won approval to build a third factory in China that would boost its total approved production capacity to 1 million cars, almost at par with Tesla’s massive Shanghai plant, three people with knowledge of the matter said.
Tesla can push out 1.1 million vehicles per year from its Shanghai plant, its biggest manufacturing hub globally. Continue reading “Exclusive: EV maker Nio gets regulatory nod for third factory in China”
(Reuters) – Toyota Alabama said on Wednesday it was investing $282 million in Huntsville, Alabama to add new production lines, which will generate around 350 new jobs.
This brings the total investment in Toyota Alabama to more than $1.7 billion, the automaker said. Continue reading “Toyota to expand production in Alabama with $282 mln investment”
Prominent investor Ron Baron has come out in support of Tesla CEO Elon Musk’s $56 billion pay package, which is up for a shareholder vote next week, according to an open letter from the Baron Capital founder on Tuesday.
WHY IT’S IMPORTANT
Musk’s enormous pay, approved in 2018 but voided by a Delaware judge earlier this year, remains contentious. Continue reading “Tesla investor Ron Baron backs Musk’s $56 bln pay plan”
WASHINGTON,(Reuters) – Just seven electric-vehicle (EV) charging stations have begun operating with funding from a $5-billion U.S. government program created in 2021, marking “pathetic” progress, a Democratic senator said on Wednesday.
Automakers and others say drastically expanding EV-charging stations is crucial to the wide deployment of electric vehicles, which are part of the Biden Administration’s efforts to reduce greenhouse gas emissions. Continue reading “Democrat calls only 7 EV-charging stations deployed under US program ‘pathetic’”
WASHINGTON, (Reuters) – U.S. Energy Secretary Jennifer Granholm said on Tuesday quadrupling import duties on Chinese electric vehicles to over 100% in August as planned is crucial to the health of the U.S. auto sector.
“We need to have this industry here. And if we didn’t do that, we would just be ceding the entire territory to China like we saw happen with solar panels,” Granholm said in an interview Tuesday with Reuters reporters and editors. Continue reading “Granholm calls higher US tariffs on Chinese vehicle crucial for automakers”
WASHINGTON, (Reuters) – U.S. Senator Joe Manchin said on Tuesday he was urging U.S. companies to sue the Treasury Department over the local content rules it set for companies to receive clean energy tax credits under the Inflation Reduction Act (IRA).
Manchin told U.S. Treasury Secretary Janet Yellen during a hearing of the Senate Appropriations Committee that U.S. manufacturers were being damaged by the content rules, which he said Treasury had halved from the original language in the law. Continue reading “US Senator Manchin encouraging industry to sue Treasury over EV tax credits”
Earlier on Tuesday, Tesla reportedly told Nvidia to prioritize shipments of AI processors to his companies X and xAI over the electric-vehicle maker.
The development also comes ahead of a crucial shareholder vote on his pay package at Tesla.
Tesla in April reiterated its capital expenditure forecast of more than $10 billion this year and said it had expected capex to be between $8 billion and $10 billion in each of the following years. Continue reading “Tesla likely to spend $3 bln-$4 bln on Nvidia hardware this year”
WASHINGTON, (Reuters) – U.S. auto safety regulators said on Monday they have opened an investigation into nearly 75,000 Nissan vehicles – the 2015 model year Rogue Select – over reports of unintended deployments of side airbags in some of them.
The National Highway Traffic Safety Administration probe was launched in response to reports of inadvertent deployments after the vehicle door is shut or slammed. The agency said such deployments could cause vehicle occupants to be injured or result in the loss of air bag protection. Continue reading “US investigates Nissan vehicles after air bag deployments”
BEIJING, (Reuters) – Sales of Tesla’s China-made electric vehicles dropped 6.6% from a year earlier to 72,573 units in May, extending a year-on-year decline for a second month, data from the China Passenger Car Association (CPCA) showed on Tuesday.
The slide came after an 18% fall in April that reversed a 0.2% gain in March, as the U.S. automaker has slashed Model Y production by a double-digit percentage number at its Shanghai plant since March Continue reading “Tesla’s China-made EV sales extend decline in May amid output cut”
June 4 – Toyota will recall over 100,000 SUVs and pickup trucks in the U.S. over debris in the engine potentially causing it to stall, the National Highway Traffic Safety Administration (NHTSA) said on Tuesday.
The recall includes some Toyota Tundra pickup trucks and Lexus LX600 SUVs equipped with the Japanese automaker’s V35A six-cylinder engine. Continue reading “Toyota to recall over 100,000 U.S. vehicles over potential engine stall”
Summary
OSLO, – Tesla investor KLP, Norway’s largest pension fund, will vote in favour of a shareholder proposal urging the U.S. electric vehicle maker to engage in wage and other labour negotiations as it continues to face industrial action in Sweden. Continue reading “Tesla investor, Norway’s KLP, to support collective bargaining motion at EV maker’s annual meeting”
BEIJING, (Reuters) – China has granted approval to a first group of nine automakers to carry out tests on vehicles with advanced autonomous driving technologies on public roads, as part of a plan to accelerate adoption of self-driving cars.
The tests of so-called level three autonomous driving technologies will be carried out by automakers including BYD and Nio, as well as major state-owned manufacturers such as Changan Automobile, GAC and SAIC, according to a statement published by the industry ministry on Tuesday. Continue reading “China gives first approvals for public trials of advanced autonomous driving”
TOKYO, (Reuters) – Japanese transport ministry officials launched an on-site investigation at Toyota Motor’s headquarters on Tuesday after irregularities were found in its applications to certify certain vehicle models.
The widening fallout over certification tests stems from a safety test scandal at Toyota’s Daihatsu compact car unit and has also ensnared other Japanese automakers after the ministry ordered industry-wide checks of certification practices. Continue reading “Japanese authorities inspect Toyota HQ over certification irregularities”
LONDON, (Reuters) – Volvo Cars is launching the world’s first EV battery passport recording the origins of raw materials, components, recycled content and carbon footprint for its flagship EX90 SUV, which is about to start production, the Swedish automaker told Reuters.
The passport was developed by Volvo, which is owned by China’s Geely (GEELY.UL), in partnership with UK startup Circulor, which uses blockchain technology to map supply chains for companies, and took over five years to develop. Continue reading “Volvo to issue world’s first EV battery passport ahead of EU rules”
OSLO, (Reuters) – Maersk faces significant terminal congestion in Mediterranean and Asian ports, causing substantial delays in its vessel schedule, the Danish shipping group said in a statement on Monday.
As a result of the congestion, the company will skip two westbound sailings from China and South Korea that had been planned to depart in early July, it added. Continue reading “Maersk faces significant port congestion in Asia, Mediterranean”
FRANKFURT, (Reuters) – The German government said on Monday said deadly flooding in the nation’s south served as a warning to keep up the fight against climate change, hours after an official advisory council said the state had fallen behind its greenhouse gas targets.
Over the weekend, a firefighter died while trying to rescue trapped residents and several thousand people were forced to leave their homes due to heavy rains. The body of a missing woman was found in a flooded basement on Monday, German media reported. Continue reading “Germany counts flooding losses as heavy rains stoke climate debate”
TOKYO, (Reuters) – A safety test scandal at Japanese automakers widened on Monday, with Toyota Motor and Mazda both halting shipments of some vehicles after Japan’s transport ministry found irregularities in applications to certify certain models.
The irregularities were also found in applications from Honda, Suzuki and Yamaha Motor, the ministry said. The automakers were found to have submitted incorrect or manipulated safety test data when they applied for certification of the vehicles. Continue reading “Japan auto safety scandal widens, Toyota halts some shipments”
New Delhi, 1st June 2024: Kia India, one of the fastest-growing premium carmakers in the country, registered the sale of 19,500 units in May 2024. The company recorded a Y-o-Y growth of over 3.9% compared to 18,766 units in the corresponding month of the last year.
(Reuters) – French automaker Renault and Chinese partner Geely announced a highly anticipated joint venture on Friday that will develop combustion and hybrid engines, hoping to improve the competitiveness of their legacy auto business.
The venture is aimed at developing more efficient gasoline engines and hybrid systems, as rival automakers ramp up investment in low-emission powertrains in response to slowing electric vehicle sales. Continue reading “Renault, Geely create joint venture for hybrid, combustion engines”
WASHINGTON, (Reuters) – The U.S. National Highway Traffic Safety Administration said on Friday it is seeking more information in its investigation into Amazon.com’s self-driving Zoox vehicles due to unexpected braking that led to two rear-end collisions.
The agency, which opened its probe into the crashes this month, said it is seeking video of the crashes and documents from Zoox related to the vehicles. Continue reading “US agency seeks more details on self-driving Zoox crashes”
NEW YORK, (Reuters) – The U.S. Department of Labor on Thursday sued South Korean auto giant Hyundai Motor Co, an auto parts plant and a labor recruiter over illegal use of child labor in Alabama.
The complaint, filed in U.S. District Court in Montgomery, Alabama, also sought an order requiring the companies to relinquish any profits related to the use of child labor. Continue reading “US sues Hyundai, others over child labor at Alabama parts plant”
Continue reading “Tesla to recall 125,227 vehicles over faulty seat belt warning system”
GENEVA, (Reuters) – The annual motor show in Geneva, Switzerland, is coming to a close after more than a century due to dwindling interest and a tough market environment, organisers said on Friday.
First staged in 1905, the Geneva International Motor Show has been a fixture of new vehicle launches, mainly in Europe, attracting at least 120 exhibitors at its peak. Continue reading “Geneva’s annual motor show to end after more than a century”
Source : PTI | New Delhi: Maruti Suzuki India announced on Friday that it has signed an agreement with DBS Bank India for dealer inventory funding.
The Memorandum of Understanding (MoU) broadens the range of inventory funding options available to more than 3,863 Maruti Suzuki sales outlets nationwide. Continue reading “Maruti Suzuki partners with DBS Bank India for dealer inventory funding”
PARIS, (Reuters) – Renault said it would link up with a Chinese engineering company to develop future Twingo cars priced below 20,000 euros ($21,676), as European automakers target smaller and cheaper electric vehicles to compete with Chinese peers.
“Twingo’s development is moving forward quickly, as we plan to make the development in two years,” said a spokesperson for Renault’s Ampere electric vehicles division. Continue reading “Renault to develop Twingos priced under 20,000 euros with Chinese partner”
(Reuters) – Americans still prefer to buy a standard gas vehicle over a hybrid or an electric vehicle even with the same price and features, a KPMG study, opens new tab said on Thursday.
Only one-fifth of people surveyed said they would purchase an EV over a gas-powered vehicle or hybrid vehicle.
The show of preference comes amid a global slowdown in demand for electric vehicles, resulting in global automakers such as Ford, General Motors and Mercedes rethinking their EV plans. Continue reading “Americans still prefer gas vehicles over hybrid or EVs, study shows”
NEW YORK, (Reuters) – The U.S. Department of Labor on Thursday sued South Korean auto giant Hyundai Motor Co, an auto parts plant and a labor recruiter over illegal use of child labor in Alabama.
The complaint, filed in U.S. District Court in Montgomery, Alabama, also sought an order requiring the companies to relinquish any profits related to the use of child labor. Continue reading “US sues Hyundai, others over child labor at Alabama parts plant”
INDIA
MG Motor & HPCL Partner To Expand EV Charging Network Aiding Long-Distance Travel WAF
Volkswagen India enhances its corporate business program with the introduction of ‘Volkswagen Prime’ WAF
Nippon Paint ‘Mastering’ Markets from OE Sales to Refurbish Aftermarket MOTORINDIA Continue reading “WAF Auto News | The Auto World This Week (31st May 2024)”
Source : Mobility Outlook | MG Motor India and Hindustan Petroleum Corporation Ltd (HPCL) have joined forces aimed at enhancing India’s electric vehicle (EV) charging infrastructure. Through this collaboration the companies will install 50kW and 60kW DC fast chargers at key locations on highways and throughout cities to make EV charging more accessible for long-distance and intercity travellers.
The public charging network which supports the CCS 2 charging standard compatible with vehicles like the MG ZS EV will be available to all EV users. MG customers will be able to locate these chargers through the MyMG App, while the integrated HPCL network discovery tool will also provide access. Continue reading “MG Motor & HPCL Partner To Expand EV Charging Network Aiding Long-Distance Travel”
Summary
(Reuters) – Tesla is preparing to register its ‘Full Self-Driving’ software with authorities in China in the run up to its planned rollout of the technologically advanced feature this year, three people with knowledge of the matter said.
The U.S. electric vehicle maker is also considering selling the software as a monthly subscription to users of its cars in China, its second-largest market, they said. Continue reading “Exclusive: Tesla makes push to roll out advanced FSD self-driving in China”
TOKYO, (Reuters) – Toyota Motor’s April global sales and production fell from a year earlier, hurt by an intense price war in China and a decline in Japan after a production stoppage of some models and a safety test scandal at its small car unit.
Global sales fell 0.5% in April, as a 27% slump in China – the world’s biggest auto market – and a 14% drop in Japan offset double-digit growth in the United States and Europe. Toyota said its China sales fell even as it held promotional events at stores across the country. Continue reading “Toyota’s global volumes fall in April, led by drops in China and Japan”
LONDON, (Reuters) – Starting in the 1980s, European automakers steadily conquered China, racking up millions in sales with little local competition.
Now they’ll have to defend their home turf in Europe from an onslaught of formidable Chinese electric vehicles.
Chinese EV titans BYD, Chery (CHERY.UL) and Great Wall Motor are preparing a fusillade of product launches – about 20 over the next five years – and spending heavily on sales and marketing in their most important export market, according to Reuters interviews with 18 China auto executives, consultants and industry experts familiar with the Chinese automakers’ European strategy. Continue reading “How China’s EV makers aim to beat Tesla, legacy automakers in Europe”
(Reuters) – Uber Technologies unveiled a raft of measures on Wednesday, including a tie-up to offer cruises on the Seine river as it looks to meet explosive demand stemming from the upcoming Olympics in Paris.
The ride-hailing platform will offer its “Uber Cruises” free of charge from July 12 to August 3, and customers can also book a day trip that includes a champagne tasting through its “Uber Bubbles” launch. Continue reading “Uber to offer Seine cruises, day trips in Paris during Olympics rush”
MILAN, (Reuters) – The transition to electric vehicles (EVs) would impose a “significant burden” on auto suppliers, Stellantis CEO Carlos Tavares said on Wednesday as Western automakers race to cut costs and compete with Chinese peers.
Tavares said the challenge for automakers was to sell EVs, whose production costs are 40% to 50% higher, at the same price as equivalent petrol models. This forces them to cut costs at every level of their operations, including supply chains and logistics. Continue reading “EV switch to hit auto suppliers hard, Stellantis CEO says”
SHANGHAI, (Reuters) – China’s Geely Holding Groupon Wednesday said it would launch a series of hybrid models in the first half of next year equipped with its next-generation, more fuel-efficient engine.
Geely’s engine achieves a thermal efficiency of up to 46.1%, according to a product certificate issued by the government-owned CATARC Huacheng Certification Co. Continue reading “China’s Geely to launch hybrids with more fuel-efficient engines”
