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U.S. Commerce Department Proposes Rule to Secure Connected Vehicle Supply Chains from Foreign Adversary Threats

September 24, 2024 By CollisionWeek Editor

If adopted, the proposal would ban vehicles, telematics and automated driving technologies originating in China and Russia. The U.S. Department of Commerce’s Bureau of Industry and Security (BIS) published a Notice of Proposed Rulemaking (NPRM) that would prohibit the sale or import of connected vehicles integrating specific pieces of hardware and software, or those components […]

Filed Under: News Tagged With: Autonomous Vehicles, Bureau of Industry and Security, China, Regulations, Russia, Telematics, U.S. Department of Commerce

China Motor Insurance Industry Projected to Surpass $158 Billion by 2028

May 17, 2024 By CollisionWeek Editor

The Chinese motor insurance industry is set to grow at a compound annual growth rate (CAGR) of 5.4% from CNY912.2 billion ($127.4 billion) in 2024 to CNY1,125.7 billion ($158.9 billion) in 2028, in terms of gross written premiums (GWP), forecasts GlobalData, a leading data and analytics company. GlobalData’s Insurance Database reveals that the Chinese motor […]

Filed Under: News Tagged With: Auto Insurance, China

Thatcham Research and Chery Automobile Partner on Insurability in Vehicle Design

April 8, 2024 By CollisionWeek Editor

UK-based Thatcham Research announced a strategic partnership with Chery Automobile Co., Ltd, one of China’s leading vehicle manufacturers on vehicle insurability and repair procedure production. Signed in Wuhu, China, the agreement continues Thatcham’s mission to integrate repairability into early-stage vehicle design. According to the organization, the new partnership represents a pivotal shift towards a more […]

Filed Under: News Tagged With: Agreements Signed, Automobile Design, Chery Automobile, China, Europe, OEM Repair Procedures, Thatcham Research, United Kingdom, Vehicle Insurability

China Motor Insurance Industry Projected to Reach $171.9 Billion by 2028

November 27, 2023 By CollisionWeek Editor

The motor insurance industry in China is projected to grow at a compound annual growth rate (CAGR) of 4.5% from CNY871.2 billion ($129.1 billion) in 2023 to CNY1.1 trillion ($171.9 billion) in 2028, in terms of gross written premiums (GWP), according to GlobalData, a leading data and analytics company. According to GlobalData’s Insurance Database, China’s […]

Filed Under: News Tagged With: Auto Insurance, China, GlobalData, Premiums

AkzoNobel Completes Acquisition of Chinese Decorative Paints Business

August 4, 2023 By CollisionWeek Editor

AkzoNobel announced it has completed the acquisition of the Chinese Decorative Paints business of Sherwin-Williams that had been announced in April. The acquisition will further boost the company’s position in China and will allow the company further market segmentation and reinforce its position outside of the premium segment. The business has an annual revenue of […]

Filed Under: News Tagged With: Acquisitions, AkzoNobel, China, Sherwin-Williams

AkzoNobel to Supply Porsche China with Water-Based Refinish Products

June 8, 2023 By CollisionWeek Editor

AkzoNobel announced it has received approval to supply its water-based refinish products to Porsche China, one of the vehicle manufacturer’s biggest markets. The company will supply its full water-based Sikkens range, including basecoats, primer and clearcoats, to provide Porsche China with a complete water-based solution for its refinishing needs. “We’re delighted to partner with one […]

Filed Under: News Tagged With: AkzoNobel, Approvals, China, Porsche, Waterborne

Philadelphia Customs and Border Protection Seizes Nearly $200K in Counterfeit Collision Repair Parts from China

April 5, 2023 By CollisionWeek Editor

U.S. Customs and Border Protection officers seized a Philadelphia-bound shipment of counterfeit auto parts on March 27 that consisted of 177 pieces, including air bag covers, aluminum hoods, front fenders and bumpers, and badges bearing trademarked logos of Chevrolet, Buick, and Dodge. The counterfeit auto parts were valued at $196,035 manufacturer’s suggested retail price (MSRP), […]

Filed Under: News Tagged With: China, Counterfeit Parts, Customs and Border Protection, Pennsylvania

PPG Provides Earnings Update, Reports Soft Demand Conditions in Europe and China Expected to Continue Into Fourth Quarter

October 13, 2022 By CollisionWeek Editor

PPG (NYSE:PPG) on October 10 announced that it expects third quarter 2022 adjusted earnings per diluted share to be between 5% and 7% below the low end of the company’s forecasted range of $1.75 to $2.00 that was previously communicated in July. In comparison to its forecast at the beginning of the third quarter, company […]

Filed Under: News Tagged With: China, Earnings, Europe, PPG Industries

BASF Expands Automotive Refinish Coatings Capacity in China

August 15, 2022 By CollisionWeek Editor

Expansion further supports market growth in the automotive industry in China and the rest of Asia. BASF Coatings (Guangdong) Co., Ltd. (BCG) announced it expanded the production capacity of automotive refinish coatings at its coatings site in Jiangmen, Guangdong Province in South China. With the completion of the expansion in July, BASF’s annual production capacity […]

Filed Under: News Tagged With: Asia, BASF, China, Openings

WorldSkills Competition in Shanghai Cancelled

June 1, 2022 By CollisionWeek Editor

The current lockdowns in Shanghai and ongoing pandemic prevention and control restrictions in China make hosting the October event impossible in 2022. Today WorldSkills International, in agreement with WorldSkills Members, WorldSkills Shanghai 2022 Executive Bureau, and WorldSkills China (MOHRSS) announced the cancellation of WorldSkills Competition 2022 (WorldSkills Shanghai 2022). Scheduled for October 12–17, the 46th […]

Filed Under: News Tagged With: China, Coronavirus, WorldSkills

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