The KPMG survey of auto industry executives found that they believe that electric vehicles will account for 52% of sales by 2030 in the United States, China and Japan, with lower percentages for Western Europe, Brazil and India.
Vehicle Care says its services are more cost-competitive compared to a traditional OEM service centre by a good 40 per cent. The start-up is now laying the groundwork for the next big demand from Tier II and III markets.
Germany's Social Democrats (SPD), Greens and Free Democrats, who are negotiating to form a new government, have agreed to commit to a coal phase-out by 2030 in a coalition deal, sources involved in the talks told Reuters.
Privately-controlled Zhejiang Petrochemical Corp (ZPC), China's single-largest refiner and petrochemical producer, is exploring new technologies such as direct processing of crude into olefins to cut carbon emissions, a company executive said on Wednesday.
In October, the wholly owned subsidiary of LG Chem Ltd resumed work on its IPO, which was suspended in August due to a lack of clarity regarding the recall costs involving GM's Bolt electric vehicles.
Volvo said preliminary sales volumes were around 52,000 cars in November, down year-on-year due to lower production and a build-up of in-transit inventory.
India's top gas importer Petronet LNG will seek higher volumes at better prices from Qatar Gas during negotiations for an extension of its long-term liquefied natural gas (LNG) deal beyond 2028, its head of finance said
