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New Battery Plant: The decision by the battery supplier to EV maker Tesla came after the company in April said it was considering building a plant in Oklahoma, its third in the U.S. "After careful deliberations, we have made the decision not to move forward with developing the site," Panasonic Energy said in a statement.
Most European, Japanese and South Korean carmakers suspended production and gradually left the Russian market following Russia's February 2022 invasion of Ukraine, taking technology, know-how and access to parts with them. Putin said car prices had risen by about 40%, without specifying a period, blaming this on low production and domestic carmakers' increased costs as they import components.
The new headquarters is one of the most sustainable office buildings in Europe. The building complex provides a new working environment for around 2,400 employees in Continental’s group functions and Tyres and ContiTech group sectors, the company said.
Bolivia, home to some of the world's biggest lithium reserves, signed a USD 450 million deal Wednesday with Russian state firm Uranium One Group to produce the key battery and electric vehicle components. Uranium One Group was one of seven firms vying for the contract under a tender launched last year by Bolivia's state-run lithium firm, YLB. YLB chief executive Karla Calderon said the pilot plant would produce 1,000 tonnes of battery-grade lithium carbonate in its first year, before eventually scaling up to 14,000 tonnes per year.
Zf Group: The new plant in Coimbatore together with the main hub in Germany will support the production capacity needed for the future market growth in the global construction equipment market, the company said.