Stay updated with breaking news from Auto Components. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Panasonic Energy: The use of silicon-rich anodes will enable Panasonic battery cells to store more energy and charge more quickly, the companies said. The greater energy density also gives Panasonic the option of making smaller, lighter packs with similar range to current battery cells.
Plastic Omnium: The company also flagged in an earnings call it anticipates price battles among automakers in the electric vehicle (EV) sector as they have to deal with a slowdown in orders, particularly in Europe, which will result in clients adopting a more aggressive pricing policy than in recent quarters.
Commercial vehicle components maker Hendrickson launched air and mechanical suspensions and axles for trailers in India, aiming to cater to local terrain. They completed the acquisition of Liteflex Composite Springs and offer lightweight, efficient systems. Hendrickson focuses on tailored products for the Indian market's needs.
Samvardhana Motherson International Ltd is set to acquire assets and shares of Germany's Dr Schneider Group for €118.3m ($141.2m). Dr Schneider Group is a loss-making asset, currently going through administration. Despite this, the acquisition is expected to create new growth opportunities for Motherson through the addition of a new product portfolio. Last month, Motherson Group acquired Bombardier's electrical wiring interconnection system business for $10m after acquiring Reydel Automotive in May.
Overall, India’s engineering exports declined in June for the third consecutive month in FY24 to $8.53 billion