Summary
The industry is growing fast and hopes to sell more electric cars
New factories and special trade deals are making it easier to share parts worldwide
Key Points
3 points1
Current international trade of car parts is about fifty billion U.S. dollars
2
Around five million passenger cars are expected to be sold in India this year
3
India and the United Kingdom have a new trade agreement that lowers many taxes
New Words to Learn
8 wordsglobal footprint
the reach of a company in many parts of the world
supply chain
all the steps from making a product to delivering it
export
sending goods to another country to sell
investment
spending money to help a business grow
electric vehicle
a car that runs on electricity stored in batteries
trade agreement
a rule that makes buying and selling between countries easier
critical mineral
a special natural material needed for things like batteries
artificial intelligence
smart computer systems that can learn and make decisions
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