The urgency comes as countries around the world scramble to reduce their dependence on Chinese supplies. India is looking to ramp up its push for rare earth magnet manufacturing, with plans to expand its incentive scheme to over $788 million, Bloomberg reported, citing people familiar with the matter. It said that the move is part...

A stand-off over Dutch chipmaker Nexperia has led to concerns of possible production stoppages for carmakers, with the chips used widely by their suppliers like ZF. German auto parts supplier ZF is planning to furlough workers at its Schweinfurt site due to a limited supply of semiconductors, a union representative said. “The specific arrangements are...

Beijing had used its dominance in rare-earth processing as leverage, threatening to limit supplies to the US and allied nations. China will suspend additional export controls on rare earth metals and end investigations into US firms in the semiconductor supply chain, the White House said Saturday, outlining details of a trade pact reached earlier this...

There are strict norms in place for carrying electronic goods, especially those with lithium batteries, onboard an aircraft. Norway’s Vianode will build a multi-billion-dollar synthetic graphite plant in Ontario to supply anode materials for EV batteries and is in talks to supply defense and energy storage customers keen to find non-Chinese sources of this critical...

U.S. Treasury Secretary Scott Bessent China’s decision to impose export controls on rare earths was a “mistake” and drew attention to Beijing’s ability to use them as a coercive tool, US Treasury Secretary Scott Bessent said in an interview published Saturday. Beijing announced new controls in October on exports of technologies related to rare earths,...

Production of passenger vehicles grew 4.2per cent YoY in the third quarter in India according to industry data favouring growth for auto ancillaries like Schaeffler India, analysts noted. Automotive and industrial parts maker Schaeffler India reported a 24.1per cent rise in third-quarter profit on Friday, driven by demand for ancillary auto products like transmission, braking...

Auto parts supplier BorgWarner exceeded third-quarter profit expectations, driven by robust demand for its turbochargers and powertrains. Auto parts supplier BorgWarner topped analysts’ expectations for third-quarter profit on Thursday, aided by strong demand for its turbochargers and powertrains. Shares of the company, which counts Ford and Volkswagen as customers, were up about 2.5 per cent...

Aniruddh Satpute Advik Hi-Tech, a Pune-based automotive component manufacturer, has appointed Aniruddh Satpute as Head – Strategy, marking a key leadership addition as it sharpens focus on emerging opportunities in the electric vehicle (EV) and mobility ecosystem. In his new role, Satpute will lead the company’s strategic roadmap, focusing on growth opportunities, portfolio diversification, and...