South Korea’s auto parts supply chain is rapidly losing competitiveness and manpower due to slow response to faster transition to automated and electric mobility amid lack of financial resources.
Tag: electric mobility
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India should achieve 5% of global components trade by 2026: CII President
The CII President said that the Indian auto ancillary industry should expand its export list and reach at least 5% of global components trade by 2026. He shared his views at the 61st annual session of ACMA.
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Omega Seiki Mobility to invest $300-600 mn in electric mobility biz
The company plans to set up a manufacturing facility and an R&D centre in collaboration with an OEM in Europe. It will also foray into the African market besides expanding in the domestic EV space.
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Oye Rickshaw to invest $500 mn for battery swapping infra
It will be investing $20-30 million in 2021 and 2022 to accelerate its battery swapping business. Oye! Rickshaw is looking to deploy 6,500 lithium-ion batteries across 5,000 vehicles this year.
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Stellantis plans to build Gigafactory in Italy
Stellantis has picked up Italy to build a new Gigafactory to support its expansion into electric mobility. Stellantis was formed in April 2021 with the merger of Fiat Chrysler and Peugeot maker PSA.
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Two- & three-wheelers will take lead in electric mobility by 2025: ICRA
As per ICRA, India can work on electrifying its two-and three-wheeler segment. This segment is favourable for the benefits of economies of scale due to the huge volume and total cost of ownership.
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Varroc displays future roadmap at Auto Components Expo
Varroc Engineering Limited, a global tier-1 auto component supplier, unveiled its future roadmap at the 15th Edition of the Auto Expo 2020- Components, showcasing solutions on electric mobility, connected vehicles, and lightweighting.
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Ampere electric vehicles now available on Amazon
As part of its omni-channel strategy, the company has enhanced accessibility and convenience for EV buyers on online marketplace through this tie-up
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Altair and CoEP signs MoU to launch Centre of Excellence on electric mobility
Under the MoU, 60 engineers will work on electric mobility applications. The CoEP will conduct formal PG-diploma courses as part of the student curriculum while Altair will act as the technology partner.
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Raasi Solar to make Li-ion battery in India using CSIR technology
Raasi Group will begin indigenous production of Lithium ion battery in India using a technology developed by Council of Scientific & Industrial Research (CSIR).
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