BARCELONA: Spain is moving aggressively to land new battery and electric vehicle plants, using billions of European Union pandemic relief funds to avoid being left behind as the global auto sector undertakes the biggest technology transformation in a century. As Europe's second largest car-producing nation behind Germany, and with the automotive sector accounting for 10% of its economy, Spain has a lot to lose as automakers overhaul supply chains and manufacturing for electric vehicles . Germany and number three European producer France are already pouring funds into battery plants, supporting their respective national champion automakers, and both Volkswagen and Renault are investing heavily in EVs on their home turf. Less wealthy, without a major carmaker of its own and with electric car sales lagging the EU's average, Spain is fighting back by deploying to EV projects some of the 140 billion euros ($168 billion) of EU COVID-19 relief funds it is entitled to. "We … [Read more...] about Spain pours billions into fight for slice of European electric vehicle sector
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Home Four wheelers oi-Punith Bharadwaj By Punith Bharadwaj Published: Thursday, April 29, 2021, 13:28 [IST] The Ministry of Road Transport and Highways (MoRTH) has proposed a new system for vehicle registration in the country. The new system will allow free movement of personal vehicles across any state in India upon relocation. The new rule is being proposed for Defence, Central /State Govt, Central/ State PSUs and Pvt sector Cos/organizations employees. However, the company has to have offices in 5 or more States or UTs to become eligible for the new vehicle registration policy. The motor vehicle tax under the new registration scheme will be levied for two years or in multiple of two, as per the proposal. MoRTH has proposed a new ‘IN' series registration plate, which will indicate the vehicles nationwide registration validity for eligible private owners. The government organization has asked States/UTs to offer … [Read more...] about MoRTH Proposes New All-India Vehicle Registration Policy: Plans To Introduce ‘IN’ Series Plates
Indonesia said that realised foreign direct investment jumped 13 per cent. PHOTO: AFP JAKARTA — When the United States Commerce Department signaled in late 2019 it was leveling anti-dumping duties on Chinese-made bed frames, nightstands and other bedroom furniture, one Indonesian furniture maker saw an opening. Integra Group of Sidoarjo, East Java, doubled down on expansion plans, bringing to nearly 500 billion rupiah (S$46 million) the amount it was spending over two years on equipment like wood veneer laser cutters, saws and computer-controlled routers that can etch patterns into a wooden panel within minutes. Now, with Chinese-made furniture facing US countervailing duties of up to 200 per cent, Integra’s orders have ballooned. During the first two months of the year, new and existing customers, including Swedish home furnishing giant Ikea and US retailers such as Target and Costco, have peppered the company with 1.8 trillion rupiah in orders, eager to avoid steep mark-ups … [Read more...] about Southeast Asian economy gets lift from US-China tensions
Home Four wheelers oi-Promeet Ghosh By Promeet Ghosh Published: Monday, May 3, 2021, 12:23 [IST] The Toyota Yaris is the brand's executive sedan segment offering in the Indian market. The model carries forward Toyota's design language and comes with a host of features and equipment as well. however, in sales, the Yaris is not doing that well and to revive sales for the Yaris, the company has introduced a wide range of roof and body graphics. The body decals for the Toyota Yaris are available in shades of Amber, Burnt red, pearl with a similar combination of decals colours on the bonnet and the fender. Buyers can also opt only for roof decals, in shades such as Burnt Red, Amber, Stealth, and Grey. The design of the Toyota Yaris is subjective and comes with multiple elements, which add to the styling of the sedan. The Yaris features a distinct nose with the Toyota badging at the centre. it also gets sleek headlamps with … [Read more...] about Toyota Yaris Gets New Decals Options: Read More About It!
MAHLE on Wednesday said that the company is developing a new kind of magnet-free electric motor that does not require rare earth elements. This not only makes production more environmentally compatible, but also brings advantages in terms of costs and resource security, the company said in a release. The central feature of the new motor is that it is inductive and thus has contactless power transmission—this allows the motor to operate wear-free and efficiently at high speeds. MAHLE claims that the efficiency is above 95% at almost all operating points—a level that previously has only been achieved by Formula E racing cars. Our magnet-free motor can certainly be described as a breakthrough, because it provides several advantages that have not yet been combined in a product of this type. As a result, we can offer our customers a product with outstanding efficiency at a lower cost Martin Berger, VP corporate research and advanced engineering, MAHLE MAHLE has thus … [Read more...] about MAHLE develops highly efficient magnet-free electric motor