A material found in the wood of our plants is being trialled as a way to produce sustainable battery power. In order for Tesla to meet its production targets of 20 million electric cars annually, it would need to mine over 1 million tonnes of graphite. A panel by PwC on the topic noted that… Continue reading World NM: Batteries made from trees could help transform the future of e-travel001447
Author: World_Newz Mon
World NM: Motherson Sumi Systems posts Q1 PAT of Rs 290 cr001446
Specialised automotive component manufacturing company Motherson Sumi Systems Ltd (MSSL) on Tuesday posted a profit after tax of Rs 290 crore in the April to June quarter versus a loss of Rs 810 crore in the same quarter of last year. Revenues impacted in India due to OEM production shutdown for most part of May… Continue reading World NM: Motherson Sumi Systems posts Q1 PAT of Rs 290 cr001446
World NM: Tractor assemblers seek release of Rs6bn sales tax refunds001445
To resolve the issue, chairman and senior vice chairman of the Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) Abdul Rehman Aizaz and Abdul Razzak Gauhar had informed Industries Minister Khusro Bakhtiar in a recent meeting about the Rs6 billion stuck-up sales tax refunds of the tractor assemblers for the past 18 months. Every… Continue reading World NM: Tractor assemblers seek release of Rs6bn sales tax refunds001445
World NM: Experts: Fresh steps will ease auto chip woes001444
New probe expected to rein in price gouging amid persistent shortages The Ministry of Industry and Information Technology, the nation’s industry regulator, has asked local automobile makers and semiconductor companies to compile a brochure on auto chips, to match supply and demand better. Go to Source
World NM: Paapam reiterates demand of tractor industry’s Rs6b refunds’ early payment001443
LAHORE – The Federal Board of Revenue (FBR) and its sub-organs have been creating unfair hurdles and using delaying tactics to clear the billions of rupees’ sales tax refunds of the tractor industry despite the full assurance of the Ministry of Industries and Production and FBR’s high-ups. The delegation apprised the minister that tractor manufacturers… Continue reading World NM: Paapam reiterates demand of tractor industry’s Rs6b refunds’ early payment001443
World NM: Renault Samsung, Lynk & Co to develop eco-friendly car001442
Renault Samsung Motors Corp., the South Korean unit of Renault S.A., said Monday it will partner with Lynk & Co. to develop an environment friendly vehicle in the Korean market. Lynk & Co. is the automotive brand formed as a joint venture between Geely and Volvo in 2016. Renault Samsung badly needs a new model,… Continue reading World NM: Renault Samsung, Lynk & Co to develop eco-friendly car001442
World NM: The five best premium family cars001441
Luxury and prestige combine with practicality in our pick of the most desirable family transport Inside, it might not be quite as fancy as Volvo’s larger models, but the XC40 is way more interesting to look at and to interact with than a family car has any right to be, while there’s also plenty of… Continue reading World NM: The five best premium family cars001441
World NM: Inquiry into third-party chip dealers001440
China’s top market watchdog has launched an investigation into third-party auto chip dealers. Several major carmakers have had to shut down some production lines because of the semiconductor chip shortage. Most chip producers sell products through dealers with transparent prices. Go to Source
World NM: Tesla again cuts the price of its Model 3001439
Tesla has again trimmed the price of its Model 3 in China. Since Tesla started production of the entry-level model at its Shanghai factory in late 2019, it is the fourth time the price has been dropped. In China, Tesla’s market share slipped to 11 percent in the electric vehicle market. Go to Source
World NM: Reporting of defective vehicle parts set out001438
The Defective Product Administrative Center of the State Administration for Market Regulation issued a specification on the reporting of defective automobiles last week, clarifying the ways in which such products can be reported. Mercedes-Benz will recall 40 imported and China-made vehicles, including the A-class, C-class, G-class, GLA SUV, GLB SUV and GLE SUV, produced between… Continue reading World NM: Reporting of defective vehicle parts set out001438