The future of Canada's economic stability lies in the auto parts and automotive industry; it is defining Canada's role in developing and manufacturing electric vehicles (EVs) and related technology.
India’s PMI continues to maintain its 57-plus run while vehicle, motorcycle, and scooter sales are off to a strong start. India, the world’s largest producer of two-wheelers, sold more than 1.3 million motorcycles and scooters in February alone.
In 2020, a year full of challenges, China’s GDP grew 2.3% and is expected to expand 6% in 2021. This year is off to an impressive start with auto production growing leaps and bounds. New energy vehicles (NEV), particularly EVs, showed a 286% YOY increase.
As China takes a break this week to celebrate the new Year of the Ox, the news for the automotive sector, particularly new energy vehicles, continues to be overwhelmingly positive. The same can be said for construction equipment, as infrastructure...