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Genuine Parts Company Announces Automotive Acquisition in Europe, Expanding Presence into Key New Markets in Spain and Portugal
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By mariozhu
Are you looking for auto parts at unbeatable prices? For over 40 years, Geling Auto Parts has been a trusted source for headlights, grilles, bumpers and more!
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All of our parts supplies are made in China and sold at the lowest prices online.
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By shelitaauto
Source: Gasgoo
link hidden, please login to view According to Bloomberg, South Korean battery manufacturer LG New Energy has called on the European Union to reduce energy costs and develop the EU battery industry amid fierce competition with China’s battery industry.
Image Source: LG New Energy
Due to weak global demand for electric vehicles, LG NEV’s plant near Wroclaw, Poland, has been running at about 50 percent capacity utilization since the beginning of this year.
LG New Energy revealed that at present, Chinese electric vehicle battery and electric vehicle manufacturers are expanding their influence in the European continent, while the European Union is also planning to implement stricter carbon emission regulations. Eu governments should therefore prioritize providing affordable electricity to key growth sectors, such as the manufacturing of electric vehicle batteries.
Yong Girl Lee, head of external relations at LG New Energy, said that if Poland wants to build an advanced battery industry, it needs to provide the industry with affordable electricity.
However, the Polish government prefers to insulate households, rather than industry, from high electricity and gas prices. Poland has one of the highest electricity prices in the European Union because of its reliance on coal-fired power, which also increases carbon emissions.
At present, LG New Energy is adjusting to the weakness of the electric vehicle market. The company plans to start producing more affordable lithium iron phosphate energy storage batteries from 2025 and LFP batteries for cars from 2026. Yong Girl Lee said that the capacity utilization rate of LG New Energy Poland plant will start to rise from the second half of next year, of which car battery production still accounts for the vast majority of the factory’s total output.
In 2023, exports from LG New Energy Polish plant accounted for 3% of Poland’s total exports. The plant will need to use about 1 terawatt hour of electricity per year, which can be purchased either through direct agreements with renewable energy producers or on the market.
LG New Energy Poland wants the Polish government to allow companies operating within its 14 special economic zones preferential access to affordable green energy, especially as electricity usage will grow with the rise of automation and the expansion of data storage.
If Poland cannot guarantee priority access to electricity for battery companies, then EU companies may face many difficulties in competing with Chinese companies. At the same time, the European Union is also working on new battery regulations that are expected to impose stricter carbon emission requirements on battery manufacturers.
“Chinese battery manufacturers are globally competitive, which is why the EU needs to act quickly,” Lee said. The battery industry is very important and strategic, and the Polish government needs to think about how to protect it.”
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By Mypafway
Mypafway
https://mypafway.com/
Mypafway is a marketplace for online distribution of automotive part information and one of the leading providers of online marketing services for manufacturers, suppliers and retailers. I'm looking for Economic and Strategic Buyers for Mypafway. You can hit me up via email at [email protected] or on social media. Thanks.
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By Counterman
MOOG recently announced the launch of its new line of Constant Velocity (CV) Axles. A news release explained that MOOG’s CV axles are engineered with high-quality materials and undergo rigorous testing to ensure a precise fit across various vehicle models. These CV axles feature neoprene boots that help prevent dirt and moisture intrusion, heat-treated components for increased strength, and high-quality grease to provide optimal lubrication.
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link hidden, please login to view CV Axles represent MOOG’s commitment to providing problem-solving solutions,” said Thomas Galla, senior product manager at DRiV. “Our technician focus inspired the product design to be easy to install with an axle nut and inboard bolts included in each kit (where required), making vehicle maintenance a hassle-free experience.” The new CV Axles are compatible with a range of vehicle models. Notable compatible vehicles include the 2007-2020 Cadillac Escalade ESV (Front) with part number 10H002, boasting a vehicle in operation (VIO) of 9,710,288; the 2003-2009 Lexus GX470 (Front) with part number 14H002, which has a VIO of 4,998,289; and the 2002-2006 Chevrolet Avalanche 1500 (Front) featuring part number 10H001 and a VIO of 6,233,229.
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By Counterman
Auto-Wares Group of Companies announced that it has joined forces with Landon Auto Parts. Landon has five locations in lower Northern Michigan (Boyne City, Charlevoix, Cheboygan, Indian River and Onaway). They join the 42 locations currently operated by
link hidden, please login to view in the Northern and Upper Peninsula of Michigan. Landon Auto Parts and Auto-Wares officially joined operations on October 31, 2024. Landon Auto Parts stores will be rebranded to the Auto Value name and high-quality national-brand products will be available over the next weeks to replace some of the current private-brand products, according to a news release from
link hidden, please login to view. That same news release explained that the Landon family members, their team and their commitments to the Landon Auto Parts customers will stay intact. While the Landon family operates a hardware and lumber business alongside Landon Auto Parts, the partnership will impact only the Landon Auto Parts business—the Landon-owned hardware and lumber businesses will remain owned and operated by the Landon family.
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