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ELECTRIC VEHICLES: Long-Range EVs Are The Antithesis Of Efficiency And Sustainability

During last week's annual meeting of Tesla stockholders, CEO Elon Musk boasted, "It won't be long before we have a 400-mile range car."

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AUTO SALES: Germany Helps Europe Car Market Gain First Time in 9 Months

  • Date: 18-06-19
  • Category: AUTO SALES
  • Source: Bloomberg

European car registrations rose for the first time in nine months to gain marginally in May, helped by a jump in deliveries in Germany.

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ZIMBABWE: Foreign Direct Investment jumps to $745m

  • Date: 18-06-19
  • Category: ZIMBABWE
  • Source: Zimbabwe Herald

Zimbabwe recorded Foreign Direct Investment (FDI) inflows of US$745 million in 2018, up from US$349 million the previous year, latest figures from the United Nations Conference on Trade and Development (UNCTAD) World Investment Report show.

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CHINA: Dealerships rush to cut stockpiles ahead of tougher emission control rules

  • Date: 18-06-19
  • Category: CHINA
  • Source: Automotive News China

Inventory levels at dealerships in China dipped to a 50-day supply in May from 60 days in April, as upcoming tougher emission standards prompts local dealers to wind down stockpiles of new vehicles that fall short of the rules.

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ELECTRIC VEHICLES: Evergrande Group plans major EV plant hubs in Shenyang, Guangzhou

China Evergrande Group, China’s largest real estate developer, is bidding to become a major player in the electric vehicle market by agreeing to construct major EV plants in the northeast China city of Shenyang and the south China city of Guangzhou.

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AUTO PRODUCTION: PSA to assemble batteries for hybrid, electric cars in Slovakia

French carmaker PSA, owner of the Peugeot, Citroen and DS brands, will start assembling batteries for its hybrid and electric cars at its plant in Trnava, Slovakia, and later at its plant in Vigo, Spain.

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HYDROGEN: Hydrogen Council adds Itochu and BP as members

  • Date: 18-06-19
  • Category: HYDROGEN
  • Source: Hydrogen Council

Brussels, 18 June 2019 – The Hydrogen Council today announced that six new member companies have joined the group. These include BP as a steering member and AVL, ITOCHU Corporation, The Liebherr Group, Power Assets Holdings Limited, and SinoHytecas supporting members. The continued growth of the Council – a global CEO-led initiative for hydrogen technologies – is in direct response to the acknowledgement that hydrogen can play an important role in decarbonising the global economy.

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BATTERIES: Germany will support three battery-cell alliances

  • Date: 18-06-19
  • Category: BATTERIES
  • Source: Reuters

BERLIN -- Germany will support three company alliances with earmarked funds of 1 billion euros for the domestic production of battery cells in an effort to reduce automakers' dependence on Asian suppliers, Economy Minister Peter Altmaier told Reuters.

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