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Standard Motor Products Launches 365 New Part Numbers
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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 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 announced the hiring of James Bannister as the company’s new director of training. The company said he will lead training efforts and focus on empowering employees and customers through comprehensive learning and development programs. Auto-Wares added Bannister’s role is essential in ensuring its teams across stores, warehouses, and corporate functions have the skills, knowledge, and tools needed to meet Auto-Wares’ strategic goals.
According to the company, Bannister brings over 20 years of experience in leadership and process optimization. His career spans roles in operations and training.
link hidden, please login to view added that he’s known for crafting innovative training programs that drive growth and develop teams across industries, including Fortune 500 companies. After starting his career as a technician and achieving ASE Master Certification, Bannister has also worked as a technical product specialist, shop foreman and operations manager.
link hidden, please login to view emphasized he has consistently demonstrated his ability to lead, mentor and develop impactful training programs, backed by his Automotive Technology degree from Lincoln Technical Institute. The post
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By Counterman
link hidden, please login to view announced the introduction of its link hidden, please login to view, which it said is a premium lineup of purpose-designed brake pads for the commercial vehicle segment features five customized formulations, including link hidden, please login to view and link hidden, please login to view. “Each design offers advanced friction technology to deliver a premier level of performance matched to vehicle usage,” the company said. The program will be available in early 2025 to meet the automotive needs of the underserved commercial and fleet market, and is on display at AAPEX, at the Mevotech booth #A3038.
“We’re excited to launch the TTX Brakes category, showcasing our commitment to the design and development of products customized for the individual needs of high-usage commercial vehicles and working trucks. As a brand, it’s an important milestone in expanding our TTX product category that has become synonymous with extreme strength and durability for a market segment that relies on optimal performance without compromise,” said Todd Hack, EVP sales and marketing, Mevotech.
Mevotech said all TTX Brake pads come with a comprehensive installation kit to facilitate a more seamless install that saves up to 30 minutes. Installation boxes include caliper mounting hardware.
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By Counterman
link hidden, please login to view announced the completion of the previously announced acquisition of AX V Nissens III APS ( link hidden, please login to view), European manufacturer and distributor of aftermarket engine cooling and air conditioning products with a growing array of vehicle control technologies. Under the terms of the agreement, SMP has acquired all the issued and outstanding shares of Nissens for approximately $390 million (€360 million), net of cash and assumed debt and subject to post-closing adjustments, from Nordic private equity firm Axcel and the Nissen family, according to a news release announcing the acquisition.
“We are very pleased to announce the closing of the Nissens acquisition. With this combination, we create an aftermarket leader in North America and Europe across our key product categories. The strength of Nissens’ leadership team and overall cultural fit will allow for immediate collaboration on opportunities for growth through cross-selling as well as bi-directional synergies with significant savings potential. We welcome Nissens and its employees to the SMP family,” said Eric Sills,
link hidden, please login to view‘ chairman and CEO. The post
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