Author: World_Newz Mon

Ireland to build 1,000 on-street EV charge points in five years

DUBLIN, Aug. 26 (Xinhua) — Ireland will build 1,000 on-street charge points for electric vehicles (EV) over the next five years, announced a senior official here on Monday.
Richard Bruton, the Irish Minister for Communications, Climate Action and Environment, said the plan is part of the government's efforts in achieving its commitment to a target of 936,000 electric vehicles on Irish roads by 2030.
Upon the completion of the construction of these new charge points, there will be a total of 2,000 on-street charge points across the country, said the minister in a statement posted on the ministry's website.
Currently there are 2.1 million passenger vehicles in Ireland, said the statement, adding that the number is expected to grow to 2.3 million and 2.6 million by 2030.
If the Irish government's 2030 target for 936,000 electric vehicles can be achieved, it means an estimated 35 percent to 40 percent of the country's total passenger vehicle population will be electric..

Great Wall Motors exports secondhand vehicles

TIANJIN, Aug. 26 (Xinhua) — China's largest SUV and pickup maker Great Wall Motor Co., Ltd. said that its first batch of secondhand vehicles departed from north China's Tianjin Municipality recently and will be exported to Asian and African countries.
Often Cars (Tianjian) Import and Export Trade Service Co., Ltd., the wholly owned subsidiary of Great Wall, said ten secondhand vehicles, involving a total value of 27,000 U.S. dollars, would be sold in countries including Cambodia, Nigeria and Ghana.
A total of 60 secondhand home-grown vehicles, with a value of more than 700,000 U.S. dollars, were exported by another foreign trade company to Nigeria from Tianjin in July.
China has launched exports of secondhand cars since May, with Beijing, Tianjin, Shanghai and Guangdong among the first batch of 10 regions allowed to conduct such trade, according to the Ministry of Commerce.
As of July 22, south China's Guangdong Province has exported 300 secondhand vehicles to Cambodia,..

Renault Samsung may slash jobs; others consider restructuring

Carmakers here are mulling job cuts and restructuring as they enter the fog of uncertainties over a sharp drop in sales, continued confrontations with labor and the delayed launches of some new vehicles.It is the first restructuring plan proposed by the Korean unit of the French carmaker in seven years.In a desperate effort to sustain its production volume in Busan, the company has been asking its head office in Paris to allocate production volume for the XM3 compact SUV.

Auto companies in India halt production to tackle slowdown

With India’s auto sales declining for the ninth straight month in July, more automotive manufacturers are laying off workers and temporarily halting production to keep costs in check.Japanese carmaker Toyota Motor and South Korea’s Hyundai Motor are the latest in a string of companies to halt production at plants to combat slumping sales, according to company memos to employees, reviewed by Reuters.The sales declines have triggered major job cuts in India’s auto sector.

Nio to cut more jobs as electric vehicle startup continues to struggle

Electric carmaker Nio Inc is to slash jobs to control expenses and improve operational efficiency, as the Chinese startup feels the pinch from a lackluster performance and the overall slowdown in the country.In the first seven months of 2019, the company delivered 8,379 vehicles.The company posted a net loss of 2.62 billion yuan ($370 million) for the first quarter of this year, 71.36 percent more than the same period in 2018.

Profit of battery giant CATL surges in H1

SHENZHEN, Aug. 24 (Xinhua) — Contemporary Amperex Technology Co., Ltd. (CATL), China's largest automotive lithium-ion battery maker, posted a 130.8 percent net profit growth in the first half of 2019 amid a booming new energy vehicle (NEV) market.
Net profit in the January-June period rose to 2.1 billion yuan (296 million U.S. dollars), CATL said in its interim statement filed to the Shenzhen Stock Exchange Friday.
During the six months, its total revenue soared 116.5 percent year on year to 20.3 billion yuan. The revenue from its automotive lithium-ion battery systems business surged 135 percent to 16.9 billion yuan, according to the statement.
In the first half, CATL had a 46 percent share of the automotive lithium-ion battery market in China.
Despite sluggish sales for gasoline-powered vehicles, the NEV market has experienced a boom in China and thus resulted in a strong demand for lithium-ion batteries.
In the six months, automobile sales in China fell 12.4 percent year on ye..