Automakers in North America are beginning to feel the effects of a global shortage of semiconductors that has caused a crunch for manufacturers worldwide, adding a wrinkle to the industry’s attempted comeback from the coronavirus crisis.
Ford Motor Co. confirmed Friday that it will idle its Lo
Big money backing China s market for NEVs By CAO YINGYING | China Daily | Updated: 2021-01-11 10:50 Share CLOSE Tesla sign is seen at the third China International Import Expo (CIIE) in Shanghai on Nov 5, 2020. [Photo/Agencies]
Global investors have shown confidence in China s new energy vehicle market, with record financing in 2020.
The emerging new energy vehicle industry raised 129.21 billion yuan ($20 billion) last year. It marks an increase of 159.4 percent compared with 2019, according to a report by Qcc, a government-recognized enterprise credit rating system. It is also the first time that the annual financing exceeded 100 billion yuan.
The report also shows the number of financing events declined 18.3 percent year-on-year in 2020.
Automakers in North America are beginning to feel the effects of a global shortage of semiconductors that has caused a crunch for manufacturers worldwide, adding a wrinkle to the industry s attempted comeback from the coronavirus crisis.
Ford Motor Co. confirmed Friday that it will idle its Louisville Assembly Plant next week due to a supplier part shortage connected to the semiconductor shortage, company spokeswoman Kelli Felker said.
Ford builds its Escape and the Lincoln Corsair SUVs in Louisville. The automaker said it has moved up a previously planned week of downtime to next week due to the parts shortage. The production stoppage will affect 3,900 workers who will make approximately 75% of their gross pay during that time.
30 September 2020
Following two media days and two trade days, AutoChina 2020 opened to the public today, 30 September. Below is a list of world premieres.
28 September 2020
Volkswagen Group premium brand Audi is in talks with long-term partner FAW Group about creating a second joint venture to build electric cars on its PPE platform in China, Reuters said, citing a weekend report in Germany s Automobilwoche.
28 September 2020
Volkswagen said on Monday it and three local joint ventures planned to invest around EUR15bn ($17.44bn) in electric mobility in China, the world s biggest car market, between 2020 and 2024.
15 September 2020
SAIC Motor unveiled its first fuel cell powered MPV in Shanghai at the weekend, the Maxus EUNIQ 7, as part of a broader push to harness hydrogen as a key fuel of the future.