Honeywell (NASDAQ: HON) today announced that American Battery Factory (ABF), a Lithium Iron Phosphate (LFP) battery cell manufacturer, is fully integrating Honeywell’s automation and process safety solutions in its new gigafactory located in Tucson, Arizona. At approximately 2 million square feet, the facility will be the largest gigafactory to produce LFP battery cells in the… Continue reading Honeywell’s automation and digitalisation technologies to support American Battery Factory’s new gigafactory
Author: Autocar_Professional India Online News
Hyundai Motor Group’s Genesis luxury brand clocks a million sales worldwide
The Genesis luxury car brand from Hyundai Motor Group is celebrating one million global car sales. Over 690,000 cars have been sold in Korea so far and almost 320,000 units to customers globally. The brand has surpassed the million-unit milestone less than eight years after its initial launch as Korea’s first luxury brand in November… Continue reading Hyundai Motor Group’s Genesis luxury brand clocks a million sales worldwide
Toyota Kirloskar Motor opens new facility in North east
Toyota Kirloskar Motor has opened its 24th customer touchpoint in the North East region in Tezpur, Assam. The new facility named Aditya Toyota, is spread across 37,000 square feet, and offers state of the art facilities including Sales (1S) and Service and Spares (S2). Varinder Kumar Wadhwa, General Manager, Toyota Kirloskar Motor stated, “The new outlet… Continue reading Toyota Kirloskar Motor opens new facility in North east
Sona Comstar raises capex to Rs 1,200 crore for EV biz
Gurugram, India-based global automotive systems and components manufacturer Sona Comstar has increased its capital expenditure by Rs 100 crore, bringing the total close to Rs 1,200 crore over the next three years. This development occurs at a time when the company’s net orderbook has increased to Rs 22,000 crore, with approximately 78 percent of the… Continue reading Sona Comstar raises capex to Rs 1,200 crore for EV biz
Uno Minda: Early entrant in EV biz is now a market leader
Gurugram-based Uno Minda has one of the largest ancillary product portfolios for the automotive industry with products like switches, lighting, acoustics, alloy wheels, die-casting, and seating among others. With the inclusion of orders finalised in the first quarter (April-June) of this fiscal year, the current order book for Uno Minda stands at more than Rs… Continue reading Uno Minda: Early entrant in EV biz is now a market leader
JK Tyre rating upgraded ‘CARE A+’ by CARE Ratings
CARE Ratings has upgraded JK Tyre’s Long-Term Issuer Rating to CARE A+ from ‘CARE A’. The rating takes into account the improved operational and financial performances of the company in FY23, as characterised by increasing scale of operations, better working capital management and improved leverage and coverage indicators, which is expected to sustain going forward… Continue reading JK Tyre rating upgraded ‘CARE A+’ by CARE Ratings
‘Our aim is to have a presence and a lion’s share in the demand segments’
After making an early entry and gearing itself to cater to the growing demand for EV components from the electric two- and three-wheeler segments, the Gurugram-headquartered Tier I components giant is eyeing stabilising its operations and targeting vertical growth in the near- to mid-term future. The company is bullish about the growing demand for high-value… Continue reading ‘Our aim is to have a presence and a lion’s share in the demand segments’
Suzuki Motor to supply components for 110-150cc bikes to Malaysia’s KMSB
Suzuki Motor Corporation is increasing its investment in motorcycle manufacturing in Malaysia. Last week, the Japanese automaker signed a contract with Malaysian company KMSB Motors to supply engine and other parts for local motorcycle production. The contract was signed on September 15 and the conclusion ceremony was held at the Prime Minister’s Office of Malaysia… Continue reading Suzuki Motor to supply components for 110-150cc bikes to Malaysia’s KMSB
Suzuki Motor to supply components for 110-150cc bikes to Malaysia’s KMSB
Suzuki Motor Corporation is increasing its investment in motorcycle manufacturing in Malaysia. Last week, the Japanese automaker signed a contract with Malaysian company KMSB Motors to supply engine and other parts for local motorcycle production. The contract was signed on September 15 and the conclusion ceremony was held at the Prime Minister’s Office of Malaysia… Continue reading Suzuki Motor to supply components for 110-150cc bikes to Malaysia’s KMSB
Honeywell strengthens safety for lithium-ion batteries and EV industry workers
Global electric vehicle (EV) sales worldwide have been surging, with 10 million units sold in 2022 and 35% predicted growth by the end of this year to reach 14 million units. However, rising EV adoption and increased lithium-ion (li-ion) battery production also raise safety concerns. Li-ion batteries that power EVs can lead to dangerous ‘thermal runaway’ incidents causing… Continue reading Honeywell strengthens safety for lithium-ion batteries and EV industry workers