Media Source : The Wall Street Journal Once laggards, Chinese carmakers are stirring envy—and fear—in the global auto industry By Selina Cheng in Hong Kong and Yoko Kubota in Beijing Mar 4, 2024 China is speeding ahead in the electric-vehicle race. Riding the nation’s EV boom, upstart automakers have...
Siemens AG has concluded the acquisition of Inspekto, a leading AI-enabled machine vision software company based in Israel, marking a significant stride in the domain of industrial technology. Inspekto's pioneering technology offers manufacturers of varying scales a competitive edge by automating visual inspection processes with remarkable...
Structural Overcapacity Drives Focus on Exports and Price Discounts Comments from Bill Russo, Founder & CEO of Automobility Ltd. Vehicle shipments in January reached 2.4 million units, a 47.9 percent increase from the previous January, with NEV shipments up 78.8% and ICE shipments up 40.1%. It is important to note that...
Committees Event - Automotive Committee March 21, 2024 9AM - 10AM (GMT+8) The AmCham Shanghai Automotive Committee invites you to our Monthly State of China's Automotive Industry webinar on Thursday, March 21 from 9:00 am - 10:00 am,, to be held via Zoom Meeting.The goal of the Automotive Committee is to...
Addionics, a pioneer in advanced battery technologies, has unveiled plans for a massive $400 million investment in U.S. manufacturing facilities. This strategic initiative aims to revolutionize domestic EV battery production and meet the surging demand for high-performance batteries. The investment will facilitate the production of 3D...
Click here to the audio link Media Source : CNBC Bill Russo, founder and CEO of Automobility Limited, discusses Nio’s fourth-quarter earnings, the electric vehicle price war and weak demand, saying “you’re going to need to burn for a while before you can earn.” Source: https://www.cnbc.com/video/2024/03/06/advisory-firm-discusses-outlook-for-nio-other-chinese-ev-makers.html...
Media Source : REUTERS February 2, 2024 STOCKHOLM, Feb 1 (Reuters) - The shakeout in the global electric-vehicle industry is picking up speed. Chinese automaker Geely's (GEELY.UL) move on Thursday to take over funding of struggling EV maker Polestar from Volvo Cars (VOLCARb.ST), is the latest consolidation among...
Committees Event - Automotive Committee February 20, 2024 9AM - 10AM (GMT+8) The AmCham Shanghai Automotive Committee invites you to our Monthly State of China's Automotive Industry webinar on Tuesday, February 20 from 9:00 am - 10:00 am,, to be held via Zoom Meeting.The goal of the Automotive Committee is...
Media Source : Global Auto Industry Click here to the Audio Link GlobalAutoIndustry.com’s latest Audio Interview “China’s Automotive Industry: 2023 Review and 2024 Outlook” features Bill Russo. Mr. Russo is the Shanghai-based Founder and CEO of Automobility Limited, a strategy and investment advisory firm helping its clients to create...
Arbe Robotics, a pioneer in Perception Radar Solutions, has unveiled a collaboration with HiRain Technologies, a leading provider of intelligent driving solutions in China. HiRain announces plans to initiate mass production of cutting-edge 4D Imaging Radars by the end of 2024, following the successful development...