Page 20 - Auto Components News Today

Foxconn is considering a partnership with Sharp to develop key components for electric vehicles in India, and they express confidence in mass-producing EV batteries in Wisconsin.

PWO ( ETR:PWO ) Second Quarter 2023 Results Key Financial Results Revenue: €139.8m (up 9.7% from 2Q 2022). Net income...

Total revenue from operations rose to ₹22,462 crore in the June quarter as against ₹17,654 crore in the year-ago period, SAMIL said in a regulatory filing.

Piedmont first signed a deal to supply lithium to Tesla in 2021 from North Carolina. That deal was paused before being renegotiated in January after Piedmont found a temporary source for the metal from a Quebec lithium mine in which it has an investment.

Continental: The ContiTech group sector achieved solid results, while earnings in Automotive fell short of expectations, mainly due to currency effects and continuing costs for special freight. Furthermore, inflation-related price negotiations scheduled for the second quarter are still on-going, the company said.

Their scepticism comes even as the ministry of heavy industries (MHI) is keen to start disbursing incentives under the ₹45,000 crore scheme on a quarterly basis.

The demand for female apprentices surges in the male-dominated workforce manufacturing sector

Mrf: Tyre companies reaped the benefits of a fall in rubber prices, a key raw material for the industry, with prices having fallen by 20%-25% over the last year through May, according to HDFC Securities.

Key Insights The projected fair value for Standard Motor Products is US$34.76 based on 2 Stage Free Cash Flow to Equity...

ACC Battery Plant In America: The federal and provincial government lobby registry showed that the talks have terminated. According to a person familiar with ACCs thinking, the discussions are still under way, "but they may be complicated in the light of what happened between Stellantis and LG and the Canadian government."