Xiaomi to invest $10 billion for the mass production of its own cars by 2024

Lei Jun, Xiaomi Chief Executive said that the Chinese smartphone manufacturer will be producing its own cars by 2024, as informed by the spokesperson of the company.

Highlights

• Xiaomi to mass produce its own cars
• The company has done registr...

Apple likely to cut production of iPhone 13 due to chip crunch

Apple might slash production of iPhone 13, due to global chip shortage. The company is likely to slash the production of 10 million units, as per a news report.

HIGHLIGHTS

• Apple shares fall up to 1.2% after trading hours
• Shortage of chips ha...

GM will be making changes in it's supply chain to address semiconductor chip crisis

Highlights

• The company is planning to make changes in its supply chain
• They are planning to develop a direct relationship with the manufacturers

Mary Barra, Co-Chief Executive of General Motors said the automaker is planning to make ...

INDIAN AUTOMOBILE DEALERS WORRIED DUE TO SUDDEN EXITS BY GLOBAL AUTO MAKERS

HIGHLIGHTS

• Automobile dealers are demanding protection from sudden exits by global auto makers.
• FADA wants Indian government to implement system to protect the interests of dealers from sudden exits by multinational manufacturers.
• FADA told...

AUTO SALES IN CHINA ROSE 36.6 PERCENT IN JAN-MARCH PERIOD

Highlights –

• Auto sales in China rose 36.6 percent in the Jan-March period.
• Sales of passenger vehicles increased 38.1 percent year on year.
• Auto sales totaled 2.13 million units in May alone.
• NEV is expected to represent 2...

US MANUFACTURERS GROUP URGE PRESIDENT BIDEN TO COME UP WITH NEW STRATEGY TO COUNTER CHINA

Highlights

• The leading group of manufacturers in the US has urged President Joe Biden to rapidly develop and public release a new strategy that will strengthen the US economy's ability to compete with China

• It further said “Strategic use of legislative ...

AUTO COMPONENT MANUFACTURERS WANT HARYANA GOVERNMENT TO REVOKE LOCAL HIRING LAW

HIGHLIGHTS

• ACMA wants Haryana Government to revoke the law which makes it compulsory for companies to hire 75% of workforce among local people.
• The law also fixes minimum salary for local talent.

The Automotive Component Manufacturer...

S. KOREAN MANUFACTURERS’ DOMESTIC SUPPLY FALLS IN Q4 2020

Highlights –

• S. Korean manufacturers’ domestic supply falls in Q4 2020.
• In the October-December period, the manufacturing domestic supply index stood at 108.3.
• In Q4 2020, the index for consumer goods declined 1.2 percent on-yea...

JAPAN REPORTS RISE IN DOMESTIC SHIPMENTS OF HOUSEHOLD ELECTRICAL APPLIANCES IN 2020

Highlights –

• Japan reports a rise in domestic shipments of household electrical appliances in 2020.
• The shipments were reported to be worth 2.5 trillion yen, up by 1.0 percent.
• Air conditioner shipments sales volume gained 0.6 percent...

SOUTH KOREA IN GRIPS WITH REALITY SECURES COVID-19 VACCINE FOR 44M PEOPLE

• South Korea has arrived at an early lead with access to COVID-19 vaccines developed by four pharmaceutical companies and from a global vaccine project for 44 million people, the health ministry said Tuesday.
• The Ministry of Health and Welfare said it has preordered 64 million d...

JAPAN GOVT. AIM FOR BAN ON SALES OF GASOLINE-ONLY CARS BY MID-2030s

Highlights –

• Japan Govt. to aim for ban sales of gasoline-only cars by mid-2030s.
• Japan aims to promote all-electric, fuel cell, gasoline-electric, and plug-in hybrid cars.
• In 2019, the domestic sale of lower-or-zero-emissions cars, i...

SAMSUNG AND SK HYNIX SEEK ALTERNATIVE TO HUAWEI TO QUELL LOSSES

• U.S. sanctions on Huawei are likely to affect the fourth-quarter profits of Samsung Electronics and SK Hynix, and so the two semiconductor titans are seeking alternative smartphone manufacturers to gain lost ground over lost sales to the Chinese tech behemoth.
• Huawei is one of ...

ALL YOU NEED TO KNOW ABOUT CAR BUYING DURING CORONAVIRUS OUTBREAK

Highlight:

• The novel coronavirus is almost at every corner of the World. 124 countries have been affected by COVID-19.
• COVID-19 has greatly impacted the automobile sector.
• During the time of coronavirus, one should seek medical advice in de...

Incorporating personalization to the toolbox of manufacturing

Whether the output of an enterprise is in the manufacturing, telecommunications, construction, and medical industries – innovation is substantial, mainly due to the restructuring of procedures in the market by new and emerging technologies. After days of simplistic assembly lines, the produ...

Auto industry weighing the affect of EVs

Auto makers shall be launching several electric platforms during this decade, and, in return, auto parts suppliers will have to walk the line of concentrating on its existing business as well as investing for the future.

A product testing manager as well as a senior test engineer at the...

The untapped potential of data sharing in development is $100b

The smart machines MANUFACTURERS and new-age are the battles. In operations and in incorporating value chains, their flexibility is not negated.

Not only that, manufacturers recognize the industrial opportunities that skills such as artificial intelligence and advanced analysis offer qu...

Manufacturers to invest $26.2 billion on "upskilling" to attract and retain employees in 2020

With a skill deficit plaguing manufacturing in a traditionally tight labor market, companies are spending large amounts of money to "upskill" their current workforce and secure a talent pipeline.

According to the Manufacturing Institute, by 2020, manufacturers are set to spend...