TierDirectory

What are some of the most pressing legal issues facing the automotive industry this year? Read a summary of the Top Legal Challenges for the Automotive Industry in 2024 by ArentFox Schiff. 1. 𝐅𝐓𝐂 𝐂𝐀𝐑𝐒 𝐑𝐮𝐥𝐞 The FTC's Combating Auto Retail Scams (CARS) Rule targets bait-and-switch tactics and hidden junk fees, with implementation delayed pending a court decision on the NADA/TADA Petition for Review. 2. 𝐎𝐧𝐥𝐢𝐧𝐞 𝐒𝐚𝐥𝐞𝐬 Consumer demand for online vehicle purchases is rising, exemplified by Amazon's 2024 partnership with Hyundai, necessitating a balance between online convenience and traditional in-person buying preferences. 3. 𝐃𝐢𝐫𝐞𝐜𝐭 𝐭𝐨 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐒𝐚𝐥𝐞𝐬 EV manufacturers like Tesla and Rivian challenge state dealer franchise laws, with some states easing restrictions and others tightening them, creating a fragmented regulatory landscape. 4. 𝐀𝐮𝐭𝐨𝐧𝐨𝐦𝐨𝐮𝐬 𝐕𝐞𝐡𝐢𝐜𝐥𝐞𝐬 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧 Significant regulatory changes for autonomous vehicles (AVs) are expected in 2024, with new state laws like California's SB 915 increasing oversight and compliance requirements. 5. 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐄𝐕 𝐈𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 The White House's aggressive EV mandates face challenges with low sales, range anxiety, and high prices, with recent EPA rule adjustments giving manufacturers more time to meet emissions targets. 6. 𝐏𝐫𝐨𝐟𝐢𝐭𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐚𝐧𝐝 𝐑𝐞𝐝𝐮𝐜𝐞𝐝 𝐆𝐫𝐨𝐬𝐬𝐞𝐬 While 2024 profits are expected to be lower than the COVID-19 peak, they remain above pre-pandemic levels, with dealers managing inventory and profitability effectively despite EV challenges. 7. 𝐃𝐞𝐚𝐥𝐞𝐫𝐬𝐡𝐢𝐩 𝐕𝐚𝐥𝐮𝐚𝐭𝐢𝐨𝐧 Dealership valuations remain high due to steady profits, retiring dealers, and investor interest, though EV market dynamics pose future risks, with varying trends among different brands. Link to the whole: https://lnkd.in/exsnXuga

BYD, China's top EVs maker, is investing 1 billion dollars to build a plant in #Turkey. This new facility will produce up to 150,000 vehicles annually and create around 5,000 jobs by the end of 2026. Turkey’s EU Customs Union membership allows #BYD to export duty-free to the EU, a strategic move amidst rising tariffs on Chinese EVs in Europe and the US. This expansion supports BYD's growing presence in Europe and beyond. For more details, check out the full article: https://lnkd.in/gS4kZ2iE Img.: The deal was signed at an event attended by President Recep Tayyip Erdogan and BYD's chief executive Wang Chuanfu (The Republic of Türkiye Directorate of Communications) #EV #InternationalBusiness #ElectricVehicles #TierDirectory

The German Centre for Automotive Management (CAM) has released its 2024 rankings of the most innovative car manufacturers. BMW tops the list, followed closely by China's #Geely and #SAIC. Notably, five Chinese manufacturers are now in the top 10. 🔧 Innovation Highlights: ・BMW: Level 3 traffic jam pilot, gesture-based lane change assistant, AI-driven Proactive Care. ・Chinese OEMs excel in electromobility, driver assistance, and connectivity. 🔍Key Trends: ・Chinese manufacturers now hold 46% of global innovation strength, up from 21% in 2019. ・German manufacturers see a decline from 45% in 2019 to 23% currently. ・US manufacturers, led by GM and Ford, face a decrease in innovation strength. The CAM report underscores a significant shift in the automotive industry, highlighting the rapid rise of Chinese manufacturers in global innovation rankings.  #AutomotiveInnovation #CAM #BMWGroup #ChineseAutomakers #TierDirectory Source: https://lnkd.in/eM_EH8kp (CAM, June 27, 2024.) *Img.: Figure 3: Innovation strength of global automobile manufacturers in 2024 (group level, top 16)

PwC’s insight, "The Reconfiguration Imperative" by Ryan Hawk, Nadia Kubis, and Blair Sheppard, stresses the urgent need to revamp our industrial system within the next 10-15 years to avert climate catastrophe. Highlights include: 🚀The need for massive investment and regulatory support. 🌍Importance of ecosystem collaboration and internal reinvention. The authors advocate for a blend of bold innovation and realistic planning. Incremental changes and radical actions must work together to close gaps in renewable energy, infrastructure, and technology. Examples like the RWE-BASF partnership show how to navigate this transformation effectively. Balancing audacity with practicality is crucial to solving the climate crisis and building a sustainable future. Read the full insight "The Reconfiguration Imperative" by Ryan Hawk, Nadia Kubis, and Blair Sheppard, PwC Insight, November 29, 2023. (https://lnkd.in/gmSJnUTq) #Sustainability #ClimateChange #IndustrialReconfiguration #PwCInsight #TierDirectory

🚗🌍 The inaugural Global EV & Mobility Tech Forum will be held in Riyadh, Saudi Arabia, from July 10-11, 2024. 𝐏𝐮𝐫𝐩𝐨𝐬𝐞: To explore and advance sustainable urban mobility solutions. 𝐀𝐮𝐝𝐢𝐞𝐧𝐜𝐞: International policymakers, institutions, NGOs, corporations, companies, and start-ups. 𝐓𝐡𝐞𝐦𝐞𝐬: - Air, Land & Water Mobility - Infrastructure Development - Mobility as a Service (MaaS) - Global Collaboration - Sustainable Transport - Autonomous and Connected Vehicles Benefits of attending #GEMTech24: ・Connect with industry leaders and government officials. ・Learn from experts about the latest innovations and market trends. ・Network with potential partners and collaborators. Join #GEMTech24 to be at the forefront of the future of urban mobility. #SustainableMobility #EV #UrbanMobility #Innovation #TierDirectory

🌍 Summary of the Global Electric Vehicle Market Conflict by the Center for Strategic and International Studies (CSIS) The global conflict over electric vehicles (EVs) has intensified recently, with the European Commission imposing provisional tariffs on Chinese EV imports and the Biden administration enacting tariffs on high-tech Chinese products. These tensions arise from Chinese industrial policies and subsidies that have boosted its EV sector, leading to improved quality and competitive pricing of Chinese EVs. China's support for its EV industry, amounting to $230.9 billion from 2009 to 2023, includes buyer rebates, sales tax exemptions, infrastructure funding, R&D, and government procurement. Despite data accuracy challenges, these estimates are considered conservative. The quality of Chinese EVs has significantly improved, presenting a challenge to global competitors. Companies like BYD, Geely, NIO, and XPeng have made notable advancements, supported by state policies and their own initiatives. Western governments face a critical decision on whether to allow Chinese EVs in their markets or exclude them entirely. The necessary measures for Western countries to strengthen their own EV industries include coordinated policy initiatives to enhance competitiveness, promote decarbonization, and safeguard national security. 🔑 Key Points of the Global Electric Vehicle Market Conflict 1. Recent Tariffs and Trade Tensions 2. Background and Context 3. China's Industrial Policy Support 4. Challenges in Data Accuracy 5. Quality and Competitiveness of Chinese EVs 6. Western Policy Responses and Implications 7. Strategies for Strengthening Western EV Industries 8. Long-term Outlook and Global Industry Dynamics Read more in-depth insights on the current state and future of EVs: https://lnkd.in/gzPd-TZ7 #ElectricVehicles #GlobalTrade #IndustrialPolicy #EVMarket #TierDirectory

🚗 The Engine Reborn: Decarbonizing ICEs On May 28, 𝐒𝐮𝐛𝐚𝐫𝐮, 𝐌𝐚𝐳𝐝𝐚, and 𝐓𝐨𝐲𝐨𝐭𝐚 showcased their dedication to developing new internal combustion engines (ICEs) for the electrification era at the Multipathway Workshop (https://lnkd.in/eScZyujq). Their goal? To revolutionize ICEs with a focus on decarbonization and integration with electric technologies. Highlights include: 𝐒𝐮𝐛𝐚𝐫𝐮'𝐬 𝐞-𝐁𝐎𝐗𝐄𝐑 - A next-gen horizontally-opposed engine with low vibration and a lower center of gravity. 𝐌𝐚𝐳𝐝𝐚'𝐬 𝐑𝐨𝐭𝐚𝐫𝐲 𝐄𝐕 𝐒𝐲𝐬𝐭𝐞𝐦 - Compact, lightweight, and powerful, perfect for generators. 𝐓𝐨𝐲𝐨𝐭𝐚'𝐬 𝐈𝐧𝐥𝐢𝐧𝐞-4 𝐄𝐧𝐠𝐢𝐧𝐞𝐬 - High output and thermal efficiency in 1.5L/2.0L variants. This collaboration emphasizes the companies' competitive spirits and shared passion for innovation. By leveraging their unique technologies and understanding of customer lifestyles, they aim to create carbon-neutral engines compatible with various eco-friendly fuels. These efforts mark a new era for ICEs, focusing on sustainability without compromising performance. Subaru, Mazda, and Toyota are redefining the future of automotive engineering, showcasing the power of friendly rivalry and co-creation. Source: https://lnkd.in/eJZacfX2 #AutomotiveInnovation #CarbonNeutral #ICERevolution #Electrification #Subaru #Mazda #Toyota

📢 Global Battery Alliance launched the second wave of Battery Passport pilots, the world's largest pre-competitive effort by battery manufacturers. This initiative marks a significant milestone towards a sustainable and transparent battery value chain by 2030. 🔋11 pilot consortia involving leading battery manufacturers and solution providers. 🌍 Over 80% of the global EV battery market represented. ♻️ Focus on sustainability with comprehensive ESG scores. 📊 Enhanced reporting on key metrics like carbon footprint, human rights, and biodiversity. This collaborative effort aims to mainstream sustainability in the rapidly growing battery industry, ensuring a green transition and resilient value chains. The results of the pilots will be published by the end of the year. Read the full press release: https://lnkd.in/eEN_Cj-F #sustainability #batterypassport #greentransition #ESG #GBA #TierDirectory

POSCO INTERNATIONAL recently broke ground for a new traction motor core plant in Brzeg, Poland, marking a strategic move to target the European electric vehicle (EV) market. This follows their expansion into North America with the completion of a plant in Mexico last year. Set to begin operations in the second half of 2025, the plant has an initial order for 1.03 million units from Hyundai and Kia It aims for an annual production capacity of 7.5 million units by 2030, capturing over 10% of the global market share. The new facility will be part of a global production network including Korea, Mexico, India, and Poland, designed to mitigate trade barriers and support the growing demand for eco-friendly vehicle components. As the EU moves towards a 2035 ban on new internal combustion engine vehicles, the European EV market is expected to reach 10.6 million units by 2030. For more details, read the full article: https://lnkd.in/gFfQYvFw #EVmarket #sustainability #POSCOInternational #eMobility #globalexpansion #TierDirectory

Europe is gearing up to hit Chinese EVs with new tariffs. The European Commission has proposed new tariffs on China-made electric vehicles (EVs) of up to 38.1 percent starting in July, following the USA's increase of tariffs from 25% to 100%. Here are the main reasons for this move: 𝐔𝐧𝐟𝐚𝐢𝐫 𝐒𝐮𝐛𝐬𝐢𝐝𝐢𝐳𝐚𝐭𝐢𝐨𝐧: Chinese automakers benefit from unfair subsidies that pose a threat to European companies. 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲: The tariffs are part of a broader strategy to protect the EU auto industry from a surge in Chinese EV imports. 𝐌𝐞𝐦𝐛𝐞𝐫 𝐒𝐭𝐚𝐭𝐞 𝐈𝐧𝐟𝐥𝐮𝐞𝐧𝐜𝐞: French carmakers, less dependent on the Chinese market, have pushed for stronger protective measures compared to German manufacturers. 𝐋𝐞𝐯𝐞𝐥𝐢𝐧𝐠 𝐭𝐡𝐞 𝐏𝐥𝐚𝐲𝐢𝐧𝐠 𝐅𝐢𝐞𝐥𝐝: The EU aims to counteract market distortions by applying tariffs differentially based on firm-specific subsidization levels. 𝐓𝐫𝐚𝐧𝐬𝐚𝐭𝐥𝐚𝐧𝐭𝐢𝐜 𝐀𝐥𝐢𝐠𝐧𝐦𝐞𝐧𝐭: This decision follows similar US measures, reflecting a coordinated approach to addressing Chinese trade practices. 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐑𝐞𝐭𝐚𝐥𝐢𝐚𝐭𝐢𝐨𝐧: China may respond with tariffs on European goods, particularly in sensitive sectors like aviation and agriculture. Read more from Atlantic Council experts Sarah Bauerle Danzman, Jörn Fleck, Jacopo Pastorelli, Roderick Kefferpütz, and Joseph Webster. Source: https://lnkd.in/ea-h5syt #AutomotiveIndustry #EVTariffs #TradePolicy #EconomicSecurity #GlobalTrade #ChinaEU #ElectricVehicles #AutomotiveTrends #TierDirectory