Chang’an, Chery, Dongfeng Motor join Tesla’s China price war

A brutal price war is raging across China’s auto sector, catalyzing a profound overhaul of the world’s largest car market, as makers of new energy vehicles and conventional fossil fuel cars face off to win a greater share of a market rattled by slowing sales. The first shot was fired by U.S. electric vehicle (EV)… Continue reading Chang’an, Chery, Dongfeng Motor join Tesla’s China price war

Train Battery Market to grow at a CAGR of 5.45% from 2022 to 2027; Implementation of IoT and big data to be a major trend in the market – Technavio

NEW YORK, March 28, 2023 /PRNewswire/ — The global train battery market size is estimated to grow by USD 179.11 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 5.45% during the forecast period. Implementation of technologies such as IoT and big data is the leading… Continue reading Train Battery Market to grow at a CAGR of 5.45% from 2022 to 2027; Implementation of IoT and big data to be a major trend in the market – Technavio

BYD’s Net Income Jumps More Than 400% on EV Sales Surge

(Bloomberg) — BYD Co.’s profit more than quintupled last year after the Chinese automaker sold a record number of electric vehicles and intensified its battle with Tesla Inc. for market share. Most Read from Bloomberg Net income soared 446% to 16.6 billion yuan ($2.4 billion), the company said Tuesday, in line with the 16 billion… Continue reading BYD’s Net Income Jumps More Than 400% on EV Sales Surge

UPDATE 2-BYD posts 11-fold jump in Q4 profit -filing

(Adds details, comments from BYD and context) SHANGHAI/BEIJING, March 28 (Reuters) – Chinese electric vehicle giant BYD Co Ltd reported an 11-fold increase in fourth-quarter profit as it extended its lead in the domestic market with a wide range of products. Net profit for October-December came in at 7.3 billion yuan ($1.06 billion) versus 602… Continue reading UPDATE 2-BYD posts 11-fold jump in Q4 profit -filing

BYD posts 11-fold jump in Q4 profit -filing

SHANGHAI/BEIJING (Reuters) -Chinese electric vehicle giant BYD Co Ltd reported an 11-fold increase in fourth-quarter profit as it extended its lead in the domestic market with a wide range of products. Net profit for October-December came in at 7.3 billion yuan ($1.06 billion) versus 602 million yuan a year earlier. For the whole of 2022,… Continue reading BYD posts 11-fold jump in Q4 profit -filing

TechRep Prime Contract Award to Synectic Solutions, Inc.

CAMARILLO, Calif., March 28, 2023 /PRNewswire/ — Synectic Solutions, Inc. (SSI) is a Missile expert company led by Mr. Scott Koslow. SSI, which is a certified Service-Disabled Veteran Owned company (SDVOSB) with 25 years of experience supporting Navy weapons and combat systems, has been awarded the Technical Representative (TechRep) Engineering and Logistics Support Services contract… Continue reading TechRep Prime Contract Award to Synectic Solutions, Inc.

Allison Transmission Selected to Equip AM General’s A2 Version of the Joint Light Tactical Vehicle

INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission, a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions for tactical wheeled and tracked defense vehicles will provide the Allison 2500 Specialty Series™ (SP) transmission for AM General’s A2 version of the Joint Light Tactical Vehicle (JLTV). The JLTV is used by the U.S. Army, Navy, Marine Corps and… Continue reading Allison Transmission Selected to Equip AM General’s A2 Version of the Joint Light Tactical Vehicle

U.S. auto union leader promises fight to get workers a ‘fair share’

On the UAW president’s agenda are ending the current two-tier wage system under which new hires at Detroit Three plants earn 25% less than UAW workers with five or more years on the job. Shawn Fain, the new president of the United Auto Workers union, on Monday said he is ready to go to war… Continue reading U.S. auto union leader promises fight to get workers a ‘fair share’

Europa Wire: Volkswagen dealers gather in Hamburg for Brand Experience event to learn about brand’s future models and strategy000523

Volkswagen dealers gather in Hamburg for Brand Experience event to learn about brand’s future models and strategy (IN BRIEF) Volkswagen has hosted a Brand Experience event in Hamburg where dealers from around the world have gathered to learn about the automaker’s future plans. During the event, attendees gained insights into Volkswagen’s upcoming line of models,… Continue reading Europa Wire: Volkswagen dealers gather in Hamburg for Brand Experience event to learn about brand’s future models and strategy000523

Irlands Staatsminister Für Transport Und Botschafter Von Irland Bis Japan Besuchen Das Nippon Express Group Building

TOKIO, 28. März 2023 /PRNewswire/ — Nippon Express Holdings, Inc., begrüßten Herrn Jack Chambers, Staatsminister im Verkehrsministerium, Herrn Damien Cole, Botschafter von Irland bis Japan, sowie drei weitere Würdenträger von irländischen Behörden, darunter IDA Ireland bis zum Nippon Express Group Building am14. März. Logo: https://kyodonewsprwire.jp/img/202303224136-O1-T4wLw41V Zweiter von links: Herr Damien Cole; Zweiter von rechts: Herr… Continue reading Irlands Staatsminister Für Transport Und Botschafter Von Irland Bis Japan Besuchen Das Nippon Express Group Building