Sona Comstar forms a JV with Jinnaite Machinery to enter the Chinese electric vehicle market with a USD 12 million investment. The JV will manufacture driveline systems and components. New Delhi, Jul 20 (PTI) Auto components Sona BLW Precision Forgings Ltd (Sona Comstar) on Sunday said it has formed a joint venture with Jinnaite Machinery…
TL;DR: Hyundai plans to enter the Chinese EV market in collaboration with Haomo by releasing an electric vehicle featuring generative AI technology next year. The vehicle will have Level 2 to 2.5 autonomous driving capabilities. Hyundai has a “secret weapon” that it will be unleashing onto the Chinese EV market next year, where in collaboration…
Car companies are cutting costs heading into the end of the year. A price war in China poses a threat to profitability. Bloated inventory leads to production cuts. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app By clicking “Sign Up”, you accept our…
Despite a massive price war and European nations doing their best to create a trade war, the Chinese EV market still looks like it will easily be crowned the best electric auto market in the world heading into the final months of 2024. China’s major EV makers ended Q3 stronger than last year, with solid…