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Chinese Premier Li targets critical minerals in Australia visit – ET Auto

Baua Electric

Australia extracts 52% of the world’s lithium, the vast majority of it exported as an ore to China for eventual refining and use in batteries, notably in China’s world-dominant electric vehicle industry. Australia has only recently begun refining lithium rather than exporting the ore.

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GAC Group begins construction of $6.5B industrial park for electric and intelligent vehicles

Green Car Congress

China-based automobile manufacturer Guangzhou Automobile Group (GAC Group), the parent company of GAC Motor, has begun construction of a large industrial park for electric and intelligent vehicles as part of its efforts to boost its electric vehicle business. More than 45 billion yuan (US$6.5 More than 45 billion yuan (US$6.5

Industry 247
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Zimbabwe’s Kuvimba signs USD 310 mn lithium mine deal – ET Auto

Baua Electric

Zimbabwe ‘s state-owned Kuvimba Mining House has signed a 310 million deal with a consortium of British and Chinese investors for the construction of a lithium concentrator, the company announced on Thursday.

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Auto supplier Adient cuts jobs, transfers roles in Europe to shave costs – ET Auto

Baua Electric

European automakers face a trifecta of challenges: soft demand due to higher borrowing costs that discourage car purchases, fierce competition from Chinese rivals, and higher input costs squeezing their margins.

Auto 52
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India becomes South Africa’s top country for vehicle imports

Baua Electric

By: PTI | Updated on: 17 Sep 2024, 08:55 AM India has been the leading source for vehicle imports in South Africa since 2013, driven by small vehicle demand. Tata and Mahindra have established a … India has been the leading source for vehicle imports in South Africa since 2013, driven by small vehicle demand.

India 52
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Europe will miss 2030 chip market goal, says ASML CEO – ET Auto

Baua Electric

“That was good for the European car industry but it’s not enough,” said Wennink, who is retiring in April. But Wennink said China, the world’s second biggest economy and largest industrial manufacturer, imports more semiconductors than oil, and it has nearly bottomless demand for those older chips.

Europe 52
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Zimbabwe lithium miners table refinery plans under govt pressure – ET Auto

Baua Electric

Zimbabwe, Africa’s top producer of lithium, which is used in electric vehicle batteries and to store renewable energy, is prodding miners to refine the mineral locally as it hopes to boost its economy. He declined to name the firms which have submitted plans, but added that government has yet to consider the proposals.