A strained supply chain caused China’s car industry to lose another 400,000 vehicles in production last month as carmakers were unable to churn out enough units to cater to market demand, reports the South China Morning Post. The mainland’s automotive companies built a total of 1.86 million vehicles – passenger cars, lorries and commercial vehicles… Continue reading World NM: China misses vehicle production rates by 400,000 in May001773
Author: World_Newz Mon
World NM: French car industry calls ban on combustion engine cars ‘industrial destruction’001772
The French car industry has unanimously condemned the European Parliament’s vote to ban the production of combustion engine cars from 2035, arguing it amounts to “industrial destruction” and a “step into the unknown”. Le Maire met with car industry representatives on Friday to look into ways “[the French government] can continue to support car manufacturers… Continue reading World NM: French car industry calls ban on combustion engine cars ‘industrial destruction’001772
World NM: Russia and Turkmenistan will develop cooperation using potential of EAEU – declaration001771
MOSCOW, June 10. /TASS/. Russia and Turkmenistan need to develop economic cooperation using the potential of the Eurasian Economic Union (EAEU), says a joint declaration by the countries’ leaders, Vladimir Putin and Serdar Berdimuhamedov, signed at their talks in Moscow on Friday. “The parties expressed their intention to intensify trade and economic cooperation using the… Continue reading World NM: Russia and Turkmenistan will develop cooperation using potential of EAEU – declaration001771
World NM: EU and India to start trade negotiations, with 2024 target001770
After more than eight years of stalled negotiations on a comprehensive EU-India trade agreement, the two are set to formally restart talks from mid-June. The EU is India’s third-largest trading partner, after the US and China, while Delhi is only number ten on the list of the bloc’s most important trade partners, measured by the… Continue reading World NM: EU and India to start trade negotiations, with 2024 target001770
World NM: EU car bill highlights Poland’s lack of charging points 10.06.2022001769
European parliamentary deputies this week voted to back a 2021 European Commission proposal for a 100% reduction in CO2 emissions from new cars by 2035. Come the ban on the sale of new combustion cars, the network would have to include 6.8 million public charging points. Electric cars and plug-in hybrid vehicles made up 18% of… Continue reading World NM: EU car bill highlights Poland’s lack of charging points
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World NM: Why more European firms are choosing Vietnam over China 08.06.2022001768
Vietnam was one of the few Asian countries that did not experience an economic contraction during the coronavirus pandemic in 2020 and 2021. The EU and Vietnam ratified a free-trade agreement in 2020. Muller, of the German Asia-Pacific Business Association, noted that European decoupling from China depends largely on where the business is located. Go to… Continue reading World NM: Why more European firms are choosing Vietnam over China
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World NM: Russian producers’ prices up 6.3% month-on-month in April 2022 – Rosstat001767
MOSCOW, May 25. /TASS/. According to provisional data, prices of industrial goods producers in Russia gained 6.3% monthly in April 2022, the Federal State Statistics Service (Rosstat) said on Wednesday. In mineral resources mining, prices had the upsurge by 42.4% for coal, except anthracite, coking coal and brown coal, 41.7% for copper concentrates, 32.1% for… Continue reading World NM: Russian producers’ prices up 6.3% month-on-month in April 2022 – Rosstat001767
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