World NM: Chip shortages lower auto sales001318

May figure down 3% year-on-year to 2.13m vehicles, the first decline since April 2020 The ministry is also encouraging insurance companies to roll out insurance services that can boost local automakers’ confidence in using indigenously-produced chips, so as to help ease chip shortages. The China Passenger Car Association was even more optimistic about the full-year… Continue reading World NM: Chip shortages lower auto sales001318

World NM: Hydrogen vehicles to play key green role001316

As China aims to achieve carbon neutrality by 2060, more opportunities will emerge in the hydrogen fuel-cell vehicle sector. In its report on energy saving and new energy vehicles, the China Society of Automotive Engineers projected there will be about 1 million fuel cell vehicles in operation across China by 2035, along with some 5,000… Continue reading World NM: Hydrogen vehicles to play key green role001316

World NM: 250 community EV charging stations by year-end in Kerala001313

Electric battery-operated vehicles have not taken off as anticipated by the government though Kerala has hopped onto the electric vehicle (EV) bandwagon to embrace environment-friendly mobility. Choosing a plan of ₹855 will allow a motorist to charge up to 91 units that will enable travel up to 1,500 km for three-wheelers and 900 km for… Continue reading World NM: 250 community EV charging stations by year-end in Kerala001313

World NM: All-New Skoda Kushaq Starts Production in India on MQB-A0-IN Platform001311

Skoda has very little brand recognition in the Indian subcontinent, but the Volkswagen-owned carmaker plans to change that with the Kushaq. Developed specifically for India on a low-cost version of the MQB-A0 platform, the subcompact SUV has just started production in Pune. The first Skoda manufactured locally under the INDIA 2.0 business plan, the Kushaq… Continue reading World NM: All-New Skoda Kushaq Starts Production in India on MQB-A0-IN Platform001311

World NM: Cover Story: China Pushes Hydrogen Energy to Achieve Carbon Goals001310

As part of Beijing’s carbon reduction goals, China’s traditional fossil fuel giants are racing to take the lead in hydrogen energy, cities are making plans to develop it as a clean power source, and automakers are developing hydrogen-driven vehicles. The breakthrough won’t easy as China’s success in the electric vehicle industry chain cannot be simply… Continue reading World NM: Cover Story: China Pushes Hydrogen Energy to Achieve Carbon Goals001310

World NM: India’s auto demand to recover despite Covid-19 second wave: Fitch – ThePrint001309

June 12 (ANI): A less severe economic impact from the pandemic’s second wave and resilient buyer sentiment will support a swift rebound in India’s automotive demand after curbs are eased. Buyers are more optimistic due to improved visibility on a longer-term economic recovery and reversal of pay cuts as corporate spending normalises from 2020. The… Continue reading World NM: India’s auto demand to recover despite Covid-19 second wave: Fitch – ThePrint001309

World NM: S. Korea’s exports jump 40.9 pct in first 10 days of June001308

The country’s outbound shipments stood at US$17.3 billion in the June 1-10 period, compared with $12.3 billion a year earlier. By sector, outbound shipments of memory chips, a key export item, rose 37.5 percent on-year, and those of autos soared 136.9 percent despite global supply shortages of automotive chips. On the back of solid export… Continue reading World NM: S. Korea’s exports jump 40.9 pct in first 10 days of June001308

World NM: Henkel banking on strong demand in China in coming years001307

Henkel, the German industrial and consumer goods manufacturer, will continue to invest and support its partners in China in the coming years, as part of its efforts to bank on the country’s strong demand from food packaging, home improvement to automotive and consumer electronics. The facility is expected to transform Henkel’s current Zhangjiang site into… Continue reading World NM: Henkel banking on strong demand in China in coming years001307