AutoSector.com ®

Author name: Evan

BYD to reportedly raise battery prices by 20% due to raw material costs

A recent report out of China cites documentation that major battery supplier BYD intends to raise the prices of its lithium battery cells by at least 20% beginning November 1. BYD notes market changes surrounding the limits of raw materials for lithium batteries as the reason for the price hike. With global supply chains stifled,

BYD to reportedly raise battery prices by 20% due to raw material costs Read More »

Hyundai Mobis refines its wheel corner module – Just Auto

Hyundai Mobis has succeeded in developing the core technology for future urban mobility: the e-corner module where the steering, braking, suspension and driving systems of vehicle are combined Hyundai Mobis said it had developed automobile wheel technology “regarded as the core technology for future urban mobility”. It allows 90-degree rotation parking and in-place rotation and

Hyundai Mobis refines its wheel corner module – Just Auto Read More »

Henniges Germany files for insolvency – Just Auto

Henniges Automotive GmbH and Co. KG has filed for insolvency in the German courts for its manufacturing plant and technical centre located in Rehburg, Germany. “The global pandemic and the semiconductor chip crisis have significantly contributed to declining sales and the additional escalation of raw material costs has contributed to the company’s inability to continue

Henniges Germany files for insolvency – Just Auto Read More »

Chevrolet Bolt EV/EUV Production Will Resume Next Week

Chevrolet Bolt EV/Chevrolet Bolt EUV production at the Orion Assembly plant in Michigan will finally resume on November 1, after several months of pause (since August). According to Automotive News, General Motors intends to resume “limited” Bolt production “for two weeks,” which indicates that not everything is sorted out yetand the company requires more time to

Chevrolet Bolt EV/EUV Production Will Resume Next Week Read More »