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Share 0 Share 0The automotive industry has been one that has been traditionally slow to change. Online retailing has become more and more widespread with giant e-commerce players like Amazon taking to the auto scene. Thus, key players in the auto, tire and parts industry as well as well known OEMs are taking to new business models to increase their reach among customers and to penetrate new markets. Key players in the auto market are realizing the importance of the internet when it comes to e-commerce. This has been the case when it comes to the distribution system as well.
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The country aims to build 12,000 centralized charging stations and 4.8 million provincial charging stations by 2020, to meet a forecast demand of 5 million EVs. In 2017, materials and technologies developed in Formula One will keep transitioning into mainstream serial manufacture. Factor in privately owned charging stations and stations for buses and logistics vehicles, and the total number of stations reached 160,000. The automotive industry is set for major disruption in 2017. Wi-Fi hotspots in vehicles, too, are on the road to becoming standard, with 20% of car manufacturers planning to provide WLAN hotspots in vehicles in 2017.
Hitachi Automotive Systems already supplies parts not only to Honda but also Toyota, Ford, Volkswagen, Renault and Nissan. Hitachi Automotive Systems and Honda Motor (TKO: 7267, NYSE: HMC) have agreed to create a joint venture specializing in electric vehicles, with the investment of some $45 million. Hitachi Automotive Systems, Hitachi's (TKO: 6501) auto parts subsidiary created in 2009, will control 51% of the operation, with the remaining 49% to be held by Honda, according to Reuters. But rather than pushing Japanese automakers apart, these forces have encouraged rivals to work together on R&D as they seek synergies from overlapping supply chains. Through a majority stake in Maruti Suzuki India (NSE: MARUTI), Suzuki currently supplies one of every two passenger cars sold in India, exploiting a supply chain over 35 years in the making, per Reuters.
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collected by :John Max
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Automotive Industry Trends for 2017
The country aims to build 12,000 centralized charging stations and 4.8 million provincial charging stations by 2020, to meet a forecast demand of 5 million EVs. In 2017, materials and technologies developed in Formula One will keep transitioning into mainstream serial manufacture. Factor in privately owned charging stations and stations for buses and logistics vehicles, and the total number of stations reached 160,000. The automotive industry is set for major disruption in 2017. Wi-Fi hotspots in vehicles, too, are on the road to becoming standard, with 20% of car manufacturers planning to provide WLAN hotspots in vehicles in 2017.
Hitachi Automotive Systems already supplies parts not only to Honda but also Toyota, Ford, Volkswagen, Renault and Nissan. Hitachi Automotive Systems and Honda Motor (TKO: 7267, NYSE: HMC) have agreed to create a joint venture specializing in electric vehicles, with the investment of some $45 million. Hitachi Automotive Systems, Hitachi's (TKO: 6501) auto parts subsidiary created in 2009, will control 51% of the operation, with the remaining 49% to be held by Honda, according to Reuters. But rather than pushing Japanese automakers apart, these forces have encouraged rivals to work together on R&D as they seek synergies from overlapping supply chains. Through a majority stake in Maruti Suzuki India (NSE: MARUTI), Suzuki currently supplies one of every two passenger cars sold in India, exploiting a supply chain over 35 years in the making, per Reuters.
read more visit us industry
collected by :John Max
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