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Think Tank
Automotive: Page 54
German Carmakers Warn of Tough EU Talks on Post-Brexit EV Trade
The German automotive industry said it won’t be ready to meet 2024's new production thresholds because Europe’s battery supply chain is still ramping up, according to the VDA lobby.
VW, Glencore Back $1bn SPAC Mine Deal to Secure EV Metals
According to a June 12 statement, London-listed ACG Acquisition Co. is buying the assets from the private equity firm Appian Capital Advisory.
GM Investing Over $630mn in Fort Wayne Assembly Plant
Since 2013, GM has invested over $31 billion in U.S. manufacturing and parts distribution including $2 billion in the Fort Wayne Assembly plant.
Saudi Arabia Signs $5.6bn EV Manufacturing Deal with Chinese Company
The memorandum of understanding accounted for more than half of the $10 billion of investments signed by the Kingdom and China during the Arab-China Business Conference.
In the Race to Electrification, the Humble Bus Is in the Lead
By 2032, about half of the world’s buses will be entirely battery-powered as will almost three out of four buses sold, according to BloombergNEF’s seventh annual Electric Vehicle Outlook.
Challenges Facing Global Automotive Supply Chains
The automotive supply chain is a primary example of an industry severely impacted by instability and disruption.
Soaring EV Sales Could Still Leave World Short on Emissions Goal
Shipments of plug-in passenger vehicles surged to around 27 million units in 2023 as sales jumped in China and the U.S., offsetting slower growth in Europe.
Lithium Shortages Could Hand Salt a Starring Role in EV Shift
BloombergNEF expects sodium to take market share from the cheapest, lowest-range end of the Chinese car market, potentially displacing 272,000 tons of demand for lithium by 2035.
Mercedes-Benz Strikes Supply Deal with H2 Green Steel
Besides supplying European facilities with 50,000 tons of green steel annually, the two sides signed an MoU for the potential supply of green steel in North America too.
Chinese Groups Lead Bids for Ford’s German Site as Tensions Rise
One of the bids comes from BYD Co. while another was made by several smaller Chinese car companies, according to people familiar with the situation.
Toyota Indus Halts Production Due to Supply Chain Issues
In an official notice sent to the Pakistan Stock Exchange, Toyota Indus said it would shut down production from June 3 through June 8, 2023.
Watch: Continental Embraces AI to Track and Manage Tooling
A case study involving Continental and eMoldino, a provider of applications for managing the automotive tooling supply chain, as told by Marllon Kopelvski, supplier quality manager with Continental, and Gabriel Tejada, senior project manager with eMoldino.
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