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German concern thyssenkrupp will build military submarines in India

By signing a letter of intent, thyssenkrupp Marine Systems is laying the groundwork for a possible collaboration with Mazagon Dock Shipbuilders...

Technological progress achieved in China's hydrogen energy industry - experts

Hydrogen energy is one of the best ways to achieve carbon peak and carbon neutrality, and the advent of the hydrogen internal combustion engine opens...

Europe's automotive industry braces for tough second half - Argus

European car manufacturers are bracing for increased competition and lower demand in the second half of the year....

German Leopard tanks to be assembled in Ukraine – Handelsblatt

The German defense concern Rheinmetall creates a joint venture for the production and repair of tanks in Ukraine: all contracts have already been...

New Volvo design center opens in Shanghai

The opening of a design center in Shanghai and three new car assembly plants in other cities will strengthen the company's strategic investment and...

Tesla's Shanghai gigafactory delivered more than 75,000 vehicles in April

Established in 2019, Tesla's Shanghai gigafactory is the first of its kind outside the US....

China continues to lead the global shipbuilding market

The number of new orders accepted by Chinese shipyards in the first quarter of 2023 was 53% higher compared to the same period last year and amounted...

Orders for new vessels in China continue to grow rapidly

In the first quarter of this year, Chinese shipbuilders' orders for new ones increased by 53% compared to the same period last year...

Italian car production on the rise

Local service centres, rewinders and coil manufacturers are seeing an increase in orders from the automotive sector compared to the fourth quarter of...

China's lithium-ion battery sector showed growth in January-February 2023

In January-February of this year, the volume of exports of lithium-ion batteries from China exceeded $10 billion in value terms....

Chinese excavator sales down 33% year-on-year in March

According to the latest forecast, Chinese excavator sales in both domestic and overseas markets will fall to 25,000 units in March...

In the EU, the demand for new cars continues to grow, especially for electric ones.

The share of electric vehicles in the European market for new passenger cars increased to 12.1% or 97,300 cars....

German engineering concern Rheinmetall will build a tank plant in Ukraine

A new tank plant in Ukraine will be able to produce up to 400 Panther-type main battle tanks per year. A Rheinmetall plant could be built in Ukraine...

Renault and Nissan resume operations in India

USD 600 million investment to support six new models to be built in India, including two electric vehicles...

China remains the world leader in shipbuilding with a 50% share of new shipyard orders

According to the results of 2022, the production volumes in the Chinese shipbuilding industry reached 37.86 million dwt or 47.3% of the total volume...

Europe's passenger car market records its worst year since the turn of the century

In 2022, 9.3 million new passenger cars were registered in the EU, the lowest level in the region since 1993....

European Lithium receives first offer from BMW

BMW will make a $15 million down payment, which will be repaid in equal offsets with the supply of lithium hydroxide to the automaker...

Nissan Switches to Low-CO₂ Japanese Steel and Green Aluminum

Kobenable steel, claimed by Japanese manufacturer Kobe Steel to significantly reduce CO2 emissions from the blast furnace process, will be used in...

Rolls-Royce workers receive record 17.6% pay raise

Unity said the agreement was the largest lump sum deal in the history of the Goodwood plant. “This is a first-class wage deal for Rolls-Royce...

The global automotive industry increased the production of new cars by 7%

At the same time, compared to the pre-pandemic 2019, the lag in production levels is 10%....

Volkswagen Anhui's first pre-production NEV rolled off the assembly line

Volkswagen Anhui is expected to create 2,300 jobs in Hefei by the end of this year and employ more than 3,500 employees....

Tesla's Shanghai gigafactory set a new record for electric vehicle shipments in November

In November 2022, deliveries from Tesla's Shanghai plant amounted to 100,291 electric vehicles, a record figure, data from the China Passenger Car...

EU new car market continues to recover in double digits

The market for new passenger cars in the EU grew in October by 12.2% compared to September; in annual comparison for 10 months of this year, the drop...

Russia will allocate more than $700 million for the production of domestic aircraft engines

The Government of the Russian Federation allocates more than 40 billion rubles for the production of aircraft engines for civil aviation....

Ukraine and the United States announced cooperation in the field of small modular nuclear reactors

Special Representative of the President for Climate Issues John Kerry and Minister of Energy of Ukraine German Galushchenko agreed on cooperation in...

Tesla seeks to keep falling sales in China with insurance discounts

U.S. automaker changes insurance stimulus scheme in China to spur buying after EV sales plummeted by 14%....

Novokramatorsky Mashzavod supplied Metinvest with an overhead casting crane with a lifting capacity of 320 tons

Completion of installation and commissioning of the KMEL-320+100/20-21.5-26/29/30-A8-U2 crane with a rated lifting capacity of 320 tons, static and...

POSCO Holdings and LG Energy Solution to jointly produce secondary batteries

POSCO Holdings and LG Energy Solution have strengthened cooperation in the production of secondary batteries. Both companies promised to expand...

Skoda plans to suspend production in the Czech Republic due to a shortage of chips

The problem of the shortage of electronic components, which arose in the midst of logistical restrictions associated with the coronavirus pandemic,...

Samsung warns of a 32% drop in profits due to falling demand for chips

Samsung's earnings fell as global prices for memory chips fell due to weakening demand for consumer electronics. Firms that buy memory chips, such as...

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