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Wilbur Ross hopes to avoid imported automobiles tariffs after discussions with Japan, Korea, EU

4 November 2019 - 19:07
After discussions with automakers, including the firms in Japan, the United States may not levy tariffs later this month on imported automobiles from the European Union and elsewhere, said Commerce Secretary Wilbur Ross.

Moves to reduce plastic packaging paving path for increasing use of aluminium: Emilio Braghi, Novelis

2 November 2019 - 18:19
The European head of Novelis has reportedly pointed out that moves to reduce plastic packaging as a measure to protect the environment have started increasing the demand for aluminium packaging. Also, the trend towards electric cars is bolstering the demand for aluminium, according to world’s largest rolled aluminium producer’s senior vice president and Europe president Emilio Braghi.

Morris Commercial unveils electric JE Van at Design Museum in London

16 November 2019 - 19:20
Morris Commercial has reportedly revealed 2.5-tonne electric JE Van at the Design Museum in London. The Worcestershire-based manufacturer says the van will have a 60kWh lithium-ion battery of a range of around 200 miles and 1-tonne payload.

China’s NEVs production declined 9.6% M-o-M in October: NBS

14 November 2019 - 18:45
According to the National Bureau of Statistics, China’s new energy vehicles production in October stood at 85,000 units, down 9.6 per cent from a month before and 39.7 per cent from the same period last year.

Global Oil Demand to Hit a Plateau Around 2030

13 November 2019 - 18:41
Global oil demand will hit a plateau around 2030 as the use of more efficient cars and electric vehicles ends an expansion that dominated the past century, the International Energy Agency predicts.

BYD's October NEV sales fall on lower subsidies

13 November 2019 - 17:52
Chinese automobile manufacturer BYD's new energy vehicles (NEVs) sales fell in October despite a rise in its January-October volumes.

China’s NEV sales down 45.4% YoY, but up 1% MoM in October

12 November 2019 - 16:52
China Passenger Car Association (CPCA) data shows that China’s wholesale new energy vehicle (NEV) sales declined 45.4% from a year ago to 66,000 units in October. This marked the fourth consecutive month of decline since the latest subsidy cuts took effect in late June.

Minister: Iran Welcomes Chinese Investors in Car Industry

11 November 2019 - 18:06
Iranian Industry Minister Reza Rahmani said car manufacturers and part makers of his country welcome Chinese carmakers wishing to invest in Iran.

Thailand-based SakunC Innovation Co to deliver lightweight aluminium electric minibuses in Q1 2020

8 November 2019 - 19:28
SakunC Innovation Co, expertise in building boats and vehicles with lightweight aluminium, will reportedly deliver the first batch of 208 units of electric minibuses to local customers in the first quarter of 2020. Marketed by the SakunC brand, the vehicle is priced at 2.3 million a unit, said chief executive Weeraphon Techaphasuksanti.

Maruti Suzuki and Toyota Tsusho to Set Up Vehicle Dismantling Unit

7 November 2019 - 07:29
Maruti Suzuki and Toyota Tsusho Group announced setting up one-of-its-kind vehicle dismantling and recycling joint venture, Maruti Suzuki Toyotsu India Private Limited (MSTI). The joint venture named Maruti Suzuki Toyotsu India Pvt Ltd (MSTI) will have both the companies holding 50% share each, further strengthening the relationship between the two.
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