China’s Rare Earth Export Curbs Threaten Indian Auto Production
China has tightened control over rare earth magnets, causing significant challenges for Indian car manufacturers. Existing stocks are expected to run out by early June, which could lead to serious problems and disruptions in the vehicle production industry. Indian carmakers are facing delays in receiving rare earth magnets. Following China’s
China’s Auto Industry Hits 31 Million Sales in 2024!
According to the Global Times, China’s auto production and sales witnessed a sharp growth in the auto industry. The news agency further mentioned that, in 2024, China produced 31.28 million vehicles and sold 31.44 million, marking year-on-year increases of 3.7% and 4.5%, respectively. These figures set new records and exceeded
Toyota & BMW Collaborate for Cell Vehicle Manufacturing
The two biggest automakers – BMW and Toyota- are poised to strengthen their relationship in fueling cell manufacturing and development. As per the latest reports, these auto giants are expected to sign a Memorandum of Understanding (MoU) to upgrade their partnership with a formal announcement on 5 September 2024. With
