Author: World_Newz Mon

Japanese transmission maker JATCO opens new plant in east China

NANJING, Nov. 9 (Xinhua) — JATCO, one of the largest manufacturers of automatic transmissions in the world, put its new plant into operation on Friday in Zhangjiagang of east China's Jiangsu Province.
It is the second production base set up and wholly funded by the Japanese company in China.
With some 700 employees, the new plant covers 96,000 square meters and has an annual production capacity of 480,000 transmissions.
The main products will be the Jatco CVT8 models, which are used on premium midsize automobiles of Nissan and Renault brands produced by their joint ventures with China's automaker Dongfeng Motor Corporation, JATCO said.
Teruaki Nakatsuka, president of JATCO, said CVT (continuously variable transmission) technology has been a success in the Chinese market with the fuel-efficient and comfortable rides it provides for automobiles.
“China is an important strategic market of JATCO,” Nakatsuka said.
JATCO entered China in 2007 and founded its first manufacturing en..

Volkswagen starts mass production of new battery systems in Germany

BERLIN, Nov. 8 (Xinhua) — Germany's largest car manufacturer Volkswagen has started mass production of battery systems for its upcoming electric vehicles, Volkswagen Group announced on Friday.
According to Volkswagen, the newly constructed facility in the German city of Brunswick would be producing up to half a million battery systems annually.
In addition to the production of the new battery systems, the new system's hardware and software was also developed at the Volkswagen facility in Brunswick.
A total of over 300 million euros (331 million U.S. dollars) had been invested in the new building at the company's main production site in Brunswick, the German car manufacturer announced.
“At our Brunswick location, we have a great deal of know-how in the planning and development of the high-voltage battery systems and are now setting new standards in production for the entire group,” said Thomas Schmall, chairman of the board of management at Volkswagen group components.
“..

‘No way around electrification,’ BMW says

Consumers are increasingly turning to electric vehicles – and they’re liking it, said BMW’s chief lobbyist in Europe, calling on policymakers to accelerate charging infrastructure deployment to support the roll-out of electric mobility on a mass scale.On Monday, German automakers met with top government representatives and agreed to roll out 1 million charging points for electric vehicles across the country by 2030.

Toyota posts 14% rise in Q2 operating profit as car sales rise

TOKYO, Nov 7 (Reuters) – Toyota Motor Corp posted a 14.4% rise in second-quarter profit on Thursday, boosted by a rise in global vehicle sales.
Japan's biggest automaker posted an operating profit of 662.3 billion yen ($6.09 billion) in the July-September quarter, up from 579.1 billion yen a year ago.
It was higher than an average forecast of 592.3 billion yen based on estimates from nine analysts, Refinitiv data shows.