The German battery market grew by 17 percent to 4.2 billion euros (4.8 billion U.S. dollars) in 2019, the German Electrical and Electronic Manufacturers’ Association (ZVEI) announced on Tuesday.
Large lobbying associations have a strong influence on the German government and there are concerns that this might impact its EU Council presidency, which starts on 1 July, warned a study conducted by NGOs LobbyControl and Corporate Europe Observatory.
The Chinese government said on Monday it would create a new category under fossil-fuel-powered cars, which is expected to include hybrid vehicles, from January in a widely anticipated move to relax controls on automakers and to encourage production.
Britain’s car industry called on the government to introduce additional measures such as a sales tax cut to boost the sector as a third of automotive workers remain furloughed due to the coronavirus outbreak.
Volkswagen expects a V-shaped recovery lasting into 2022, its sales chief said on Tuesday, as businesses try to work out how quickly they will rebound from the coronavirus pandemic which shut large parts of the economy around the world for months.
Microsoft is acquiring startup CyberX to help secure Internet of Things devices used in factories, farms, and other industrial settings
Microsoft announced Monday that it’s acquiring startup CyberX to help customers secure their connected devices.
German stocks edged down on Monday, with the benchmark DAX index down 67.79 points, or 0.55 percent, to close at 12,262.97 points.
Mahmood Rafique, Editor: Bahrain Mumtalakat Holding Company, the sovereign wealth fund of the Kingdom of Bahrain, has reported an operating income of BD125million in 2019, an increase of 211 per cent compared to the last year.
The Sherwin-Williams Co. on Monday increased its sales guidance for the second quarter, citing greater-than-expected demand in its North American architectural business.
The global health pandemic has dealt a body blow to many areas of the economy but the battery industry looks set to reap significant rewards, even if it will also have to put up with a short-term slump in demand.