News Categories

Nearly $2b is required for domestic manufacturing of auto parts

6 May 2020 - 21:18
Iran’s auto parts manufacturers need nearly $2 billion to manufacture the auto parts required for making 1.2 million vehicles in the country during the current Iranian calendar year (ends on March 2021), Iranian Auto Parts Makers Association’s Secretary Maziar Beyglou announced.

European automotive sector plans recovery

6 May 2020 - 11:40
The European automotive sector has proposed a plan to help restart the crippled industry after Covid-19 lockdown restrictions are eased, following closures amid the pandemic and new car sales all but vanishing in April.

European Commission working on sustainable battery rules

21 May 2020 - 21:45
A report by S&P Global Platts states that the European Commission plans to propose EU sustainable battery rules by October.

Yazd Tire Co. Offers 40m Shares

21 May 2020 - 02:36
Yazd Rubber Industries Complex, a major tire producer in central Iran, offered 10% of its shares in an initial public offering on the junior equity market Iran Fara Bourse on Wednesday.

Iran to Start Mass Production of First Fully-Homemade Car Early Next Year

19 May 2020 - 23:25
Iran Khodro Company (IKCO), the largest carmaker in Iran, said that mass production for its fully homemade car will begin early next year amid efforts to make the automotive industry in the country less vulnerable to foreign sanctions.

Toyota extends domestic output cuts into August

15 May 2020 - 18:25
Japanese auto producer Toyota is extending domestic vehicle output cuts into August as the Covid-19 pandemic continues to depress global sales.

Carmakers urged to invest in mines to avoid battery metal pinch

12 May 2020 - 09:03
Mine developers scrambling to fund projects to meet forecast demand for battery metals see the threat of looming supply crunches as a trigger for electric-vehicle makers to step in with investments.

Demand for battery metals to jump 500% by 2050

12 May 2020 - 01:04
Production of battery metals such as graphite, lithium and cobalt will have to increase by nearly 500% by 2050 to meet the growing demand for clean energy technologies, the World Bank reported Monday.

Industry minister calls on automakers to boost production

10 May 2020 - 18:01
Iranian Industry, Mining, and Trade Minister Reza Rahmani has called on the country’s major automakers to increase production by 300,000, raising their total output to 1.2 million vehicles in the current Iranian calendar year (started on March 20).

The “Corona” crisis: Nissan to stretch production halt for most US plants, aluminium components suppliers to stand gloomy

8 May 2020 - 22:23
The Japanese multinational automobile manufacturer headquartered in Nishi-ku, Yokohama, Nissan Motor Co., announced on 7th May’20 that it is extending its production halt for most of the USA manufacturing plants in regards to the coronavirus pandemic.
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