June 23, 2024 — Automotive News has released its 2024 ranking of the world’s top 100 automotive suppliers. Bosch, ZF Friedrichshafen, and Magna International secured the top three positions, respectively. Chinese companies made a significant presence on the list, with 15 companies featured, including five in the top 50. Contemporary Amperex Technology Co. Limited (CATL) impressively ranked fourth. Leading the Charge: Bosch, ZF, and Magna Bosch maintained its position at the top of the list, showcasing its dominance in the automotive supply industry through its extensive range of products and continuous innovation. ZF Friedrichshafen followed closely, known for its advanced driveline and chassis technology. Magna International rounded out the […]
Maranello, June 24, 2024 — Ferrari CEO Benedetto Vigna recently announced that Ferrari will focus on enhancing production flexibility at its newly built electric supercar production facility. This initiative aims to shorten the development and launch time for new models, rather than merely increasing output. Vigna stated at a press conference, “We aim to quickly respond to market demands and further solidify Ferrari’s leadership in the high-end electric supercar market through our new production facility.” This announcement marks a significant step in Ferrari’s journey toward electrification. Enhancing Flexibility, Not Output Ferrari’s new factory is not intended to pursue higher production volumes but to increase flexibility within existing production […]
According to Yonhap News Agency, on June 23, the Korea Automobile Association (KAMA) said that South Korea’s automobile exports in 2024 are expected to hit a record high thanks to strong demand for environmentally friendly models and SUV models. According to KAMA’s forecast, this year, South Korea’s automobile exports will increase by 5.4% year-on-year to US$74.7 billion, a record high; if the export of auto parts is included, it is expected to reach US$98 billion. KAMA said in the report, “Demand in the North American market is strong, and SUVs and hybrid models of Korean automakers are becoming more and more popular. Auto exports are expected to achieve […]
We learned a few days ago that the Canadian government of Justin Trudeau is preparing to impose new tariffs on electric vehicles made in China to “align Canada” with the actions taken by the United States and the European Union. However, the report said that Trudeau took cautious action because of concerns about China’s “retaliation.” Canada currently imposes a 6% tariff on electric vehicles made in China, and the purchase of these cars is eligible for a federal electric vehicle rebate of up to $5,000. However, due to Canada’s relatively cold geographical location, its development of new energy vehicles is relatively slow. In 2023, only 11% of new cars […]
According to CNBC, Tesla’s internal data shows that the company’s large -scale layoff measures have reduced the total number of global employees to more than 121,000 (including temporary workers). As far as this year, Tesla has cut at least at least at least at least at least 14%of employees. Tesla said in the fourth quarter of 2023 financial documents that as of the end of December last year, the company’s total number of employees around the world was 140,473, including paid employees and hours. The company’s latest “Everybody” email list has 121,000 people, indicating that since the end […]
According to the Yonhap News Agency, on June 23, the South Korean Automobile Association (KAMA) stated that thanks to the strong demand for environmental protection models and SUV models, South Korea ‘s automobile export volume in 2024 is expected to reach a record high. According to Kama’s forecast, this year, the export value of South Korea will increase by 5.4%over the same period last year to $ 74.7 billion, a record high; if the export amount of automobile parts is added, it is expected to reach $ 98 billion. Kama said in the report that “the […]