International News From the Field: China
With a forecasted 8.1% GDP growth for 2021, China saw the first quarter GDP jump 18% YOY due to the low base of 2020. The manufacturing PMI has remained above 50 for more than a year and is expected to stay that way....
Automotive Production Trends Post-COVID-19: Canada
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.
International News From the Field: India
India’s manufacturing PMI for March was 55.4. IMTEX 2021 has been pushed back. There is, however, positive news for electric vehicles. For more details and other industry tidbits, read on.
International News From the Field: China
The big news today is the opening of CIMT 2021 in Beijing. We have an AMT/USA pavilion at the show featuring 31 participating members. To celebrate, here are some real-time visuals of our first day at CIMT.
International News From the Field: India
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.
International News From the Field: China
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.
International News From the Field: India
This year, India is predicted to have the highest GDP growth of any large country at more than 11%. The PMI is above 57, and business has resumed at almost pre-pandemic levels.
International News From the Field: China
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...