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Valeo invests Cathay CarTech Fund to focus on Chinese auto and mobility ecosystem

SHANGHAI – Valeo announced on December 11 that it has invested ¥375 million in Cathay CarTech Fund – Cathay Capital’s first RMB fund, marking the French supplier’s deeper involvement in China’s dynamic automotive and mobility ecosystem. China is the world’s largest automotive market and is leading the new mobility sector,

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MAS@Shanghai 0913 recap: 48V mild hybrid vs. traditional stop-start applicatio

SHANGHAI – Challenging CO2 targets require further fuel efficient vehicle functionality beyond known stop-start applications, and 48V applications can support active coasting and recuperation and thus significantly reduce CO2 emissions, serving as an attractive solution to serve China’s future fuel efficiency requirements. That was the conclusion from CBU/CAR’s Monthly Automotive Salon

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Supplier Panel: OEMs and suppliers need to manage relationships

Chang’an is moving away from price negotiations toward managing relationship with suppliers through the entire lifecycle cost of the vehicle and working with suppliers on how to work together on cost management, according to Li Xinqiang, purchasing director at Chang’an Automobile Co., Ltd. “OEMs have always been authoritative in an

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Multinational suppliers expand operations in China

  By Satnam SinghMultinational suppliers are expanding and localizing their operations in China, according to senior executives who spoke at the 2014 Global Automotive Forum in Wuhan. French automobile components and systems supplier Valeo Group is expanding rapidly in China. "Now Valeo has 26 plants in China," said Edouard de

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Guangdong Hongtu provides die casting to Tesla

ZHAOQING, Guangdong – Guangdong Hongtu Technology (Holdings) Co., Ltd. (Guangdong Hongtu) announced that it has won a contract from U.S. electric car manufacturer Tesla Motors, to provide die casting, according to a report on Gasgoo.com. As the largest precision aluminum alloy die casting company in South China, the company is

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Europe’s suppliers cope as automakers release grim 2012 sales results

By IHS Supplier Business A leaner, more diversified supply base has made sure it will not see the same issues as four years ago This last week has seen a raft of negative results from European automakers, with sales in decline and the massive question of overcapacity still lingering large.

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