Author: World_Newz Mon

World NM: Norilsk Nickel continues to supply metals in accordance with contracts – review001766

MOSCOW, May 23. /TASS/. Norilsk Nickel, the world’s largest producer of palladium and high-grade nickel, continues to supply metals in accordance with contracts, the company said in its review of markets of nickel and platinum group of metals. “Nornickel confirms its production guidance for 2022 and continues to deliver metals according to its contract obligations… Continue reading World NM: Norilsk Nickel continues to supply metals in accordance with contracts – review001766

World NM: China’s leading automaker resumes production in Changchun001754

Five factories of China FAW Group Co., Ltd. in Changchun, capital of northeast China’s Jilin Province, have resumed production as of April 17, with a total of 7,438 workers back to work. Operation of the group’s five factories in Changchun had been suspended since March 13 according to anti-epidemic requirements. As a pillar enterprise of… Continue reading World NM: China’s leading automaker resumes production in Changchun001754

World NM: Stellantis stepping back from China JV001752

Multinational automotive manufacturer Stellantis announced Wednesday it is pulling out of its Chinese auto finance joint venture (JV), the most recent move in the company’s reshaping of its Chinese operations, reports Nikkei Asia. Stellantis will sell its effective half ownership in Dongfeng Peugeot Citroen Auto Finance to its Chinese partner, state-owned Dongfeng Motor Group for… Continue reading World NM: Stellantis stepping back from China JV001752

World NM: Kia to Build New Factory at Home001745

Kia will build a new factory in Korea, the Hyundai automotive conglomerate’s first since in 1997. Kia forecasts that electric driverless buses and other urban mobility solutions — which it has dubbed “PBVs” — will account for a quarter of new car sales by 2030 with an annual demand for 20 million vehicles. Kia aims… Continue reading World NM: Kia to Build New Factory at Home001745

World NM: Can electric vehicles help defund the Russian war machine?001740

Receive the Transport Brief in your inbox by subscribing here. All of this has given the debate over the EU battery regulation – a mammoth piece of legislation aimed at boosting Europe’s battery autonomy while cutting emissions – a geopolitical shot in the arm. However, with the less-deadly Omicron variant now widespread and high vaccination… Continue reading World NM: Can electric vehicles help defund the Russian war machine?001740

World NM: Tax Breaks for Hybrid Cars to Be Phased out001735

Instead, the government wants to revise the tax-break scheme in favor of electric and hydrogen cars. People buying hybrid cars can get up to a W400,000 off on acquisition taxes and a maximum W1.43 million discount on other taxes. LPG vehicles are also subject to tax breaks ranging from W1 million for trucks and W3.5… Continue reading World NM: Tax Breaks for Hybrid Cars to Be Phased out001735

World NM: TPV Automotive recruiting more staff this year001734

Novo Mesto – TPV Automotive, a Novo Mesto-based automotive supplier, is recruiting more staff at all its plants. The new hires will be made in several towns and villages in eastern and south-eastern Slovenia. New jobs at TPV Automotive have opened up due to the development of breakthrough projects, said the company in a press… Continue reading World NM: TPV Automotive recruiting more staff this year001734

World NM: BMW expects $9.1bn from JV share increase001727

German carmaker BMW AG said increasing its stake in its Chinese car-making joint venture will boost earnings by up to €8 billion ($9.1 billion), signaling to competitors that it is highly beneficial to take control of operations the world’s largest car market, reports Bloomberg. The move will lead to a positive one-time effect of €7 billion to… Continue reading World NM: BMW expects $9.1bn from JV share increase001727