Page 19 - Auto Components News Today

Overall, Indias engineering exports dropped by 6.62% to US$ 8.75 billion in July 2023 from US$ 9.37 billion in July 2022.

Earths Magnet: China is dominant in magnets and the rare earth metals they are made from. The magnets are central to the manufacturing of such products as electric vehicles, wind turbines, weapons and smartphones, making the sector strategically important. Even so, there has been only limited effort to challenge Chinas lead.

PNN Chennai (Tamil Nadu) [India], August 22: Kinara Capital, a fast-growing fintech driving MSME financial inclusion, today announced committing to Rs 1,100+ crores disbursements in FY24 for Business Loans for MSMEs in the urban and the peri-urban regions of Tamil Nadu and Union Territory of Puducherry. With a combination of technology driven process and doorstep customer service, Kinara Capital provides fast service to the micro-small-medium enterprise (MSME) sector. The company's myKinara ...

Toyota: This incident marks the second instance this year where the Czech plants operations have been interrupted due to unforeseen circumstances. The plant, which has the capacity to produce approximately 1,000 cars daily, experienced a prior disruption in February.

Li-ion Battery: US-based IBC signed an agreement with the state government this month to set up a recyclable lithium-ion battery manufacturing unit. The company plans to invest INR 8,000 crore in the project.

Hesai Group ( NASDAQ:HSAI ) Second Quarter 2023 Results Key Financial Results Revenue: CN¥440.3m (up 109% from 2Q...

The primary objective of this agreement was to facilitate negotiations surrounding the stipulations of a supply arrangement. Within this framework, Tesla, led by Elon Musk, was intended to receive a substantial quantity of spodumene, a mineral possessing high lithium content.

Auto components maker Happy Forgings Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,200-1,300 crore through an initial public offering (IPO).

Sqm: "The positive impact of significantly higher sales volumes during the second quarter of 2023 was partially offset by lower average selling prices compared to the same period last year," the company said

Solar energy and battery-powered electric vehicles are critical industries in the Biden administrations push to wean the U.S. from dependence on fossil fuels and to combat climate change. When shipments are detained, CBP provides the importer with a list of examples of products from previous reviews and the kind of documentation required to prove they are not made with forced labor.