DIRS.INFO The most relevant business & tech news

☆ China's Nio to expand battery swap services to gain an edge on EV infrastructure
▼ + stars: | 2024-04-05 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Pictured here is a Nio battery swapping station in Haikou, Hainan province, China, on May 9, 2023. Bloomberg | Bloomberg | Getty ImagesBEIJING — Chinese electric car company Nio has been expanding its battery swap partnerships in a bid to gain an edge on the infrastructure side of the EV ecosystem. Nio also announced agreements earlier this year to work with two local battery companies on battery swap services. While having a large network of battery charging stations helps address those concerns, battery swapping is a faster method as it takes only a few minutes. CLSA's Luo said businesses also prefer to invest in normal charging stations than swap stations because they make a higher return.

Persons: Nio, —, JAC —, Ding Luo, Shen Fei, Shen, it's, Le, William Li, Shay Natarajan, Luo, Ford Organizations: Bloomberg, Getty, Chery, CNBC, Battery, Nissan, Sino Auto, Mobility Impact Partners, General Motors Locations: Haikou, Hainan province, China, BEIJING, U.S, San Francisco, Kyoto, Japan, Madrid, Spain, Europe, North America

“Mar-Jac and its affiliates have a long and sordid history of willful disregard for worker safety,” the lawsuit reads. In July, Duvan became the third worker to die in less than three years at the Hattiesburg, Mississippi, plant owned by Mar-Jac, a Georgia-based poultry production company. After Duvan's death, Onin filed a notice with the state to avoid paying worker's compensation,the lawsuit claims. OSHA had issued at least eight citations for safety violations at the plant before Duvan's death, the lawsuit says. After the accident, Labor Department officials said Duvan’s death offered a reminder that children remain vulnerable to exploitation in the U.S. workplace.

Persons: JACKSON, Edilma Perez Ramirez, Mar, Jac, Duvan Perez, “, Duvan, Joel Velasco Toto, Bobby Butler, Perez Ramirez, Onin, Toto, Butler, Seth Hunter, Perez Ramirez's, Chick, ” Hunter, ___ Michael Goldberg Organizations: U.S . Department, Safety, Health Administration, Mar, OSHA, Onin Staffing, Labor, Associated Press, America Statehouse News Initiative, America Locations: Miss, Mississippi, Forest, Guatemala, Hattiesburg , Mississippi, Georgia, Alabama, U.S, @mikergoldberg

☆ Battery swapping is taking off in China — and it could help rescue the EV revolution in the US
▼ + stars: | 2024-02-03 | by ( Tom Carter | ) www.businessinsider.com time to read: +8 min

The Tesla rival pioneering battery-swappingFounded by entrepreneur William Li — sometimes referred to as "China's Elon Musk" — in 2014, Nio has built a network of more than 2,000 battery swap stations in China. Experts told BI that battery swapping offers a solution to many of those concerns — in theory. Ample battery swapping technology promises to swap out an EV battery in under five minutes. It's a heavy innovation because battery swap is closely connected with the vehicle design and the sales model," said Dr Shen. Ample, which in the future plans to charge users a battery subscription fee to use its swap stations, has battery swap stations operating in Spain, Japan, and California, where it has worked mainly with fleet providers such as Uber.

Persons: —, William Li —, China's Elon, Nio, Fei Shen, William Li, HECTOR RETAMAL, JAC, Shen, Dylan Khoo, John Helveston, Helveston, Khoo, John De Souza, De Souza Organizations: Service, Business, EV, Chery, ABI Research, George Washington University, Fiat Locations: China, Europe, West, San Francisco, Spain, Japan, California

☆ A 16-year-old employee at a poultry processor was killed after being pulled into a chicken deboning machine. The proposed fine for the Mississippi plant: $212,000
▼ + stars: | 2024-01-17 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

A Mississippi poultry plant is facing more than $200,000 in fines after a teen worker was killed. AdvertisementA Mississippi poultry processing plant is facing more than $200,000 in fines from the US Department of Labor after a 16-year-old contract employee was killed after being pulled into a chicken deboning machine. Related storiesOn July 14, 2023, Pérez was sanitizing a chicken deboning machine when he became caught in a rotating shaft and pulled into the machine, according to the OSHA report. AdvertisementThe teenager was the second worker killed at the Hattiesburg facility in a little over two years. "Only about two years later nothing has changed and the company continues to treat employee safety as an afterthought, putting its workers at risk," he added.

Persons: —, Mar, Jac, Duvan Tomas Pérez, Pérez, Kurt Petermeyer, Jac Poultry Organizations: Service, US Department of Labor, Occupational Safety, Health Administration, OSHA, Business, Immigrant Alliance for Justice, Equity, The New York Times, Department, Labor, Labor Department, The Times, Department of Labor Locations: Mississippi, Georgia, Guatemala, Hattiesburg

☆ Poultry processor hit with proposed $212,646 fine after second worker, a teen, killed by machine
▼ + stars: | 2024-01-16 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +3 min

The US Department of Labor is proposing a $212,646 fine against a Mississippi poultry processor after a 16-year-old sanitation worker was pulled into a chicken deboning machine and killed. The child became the second worker killed in just over two years at the plant. Mar-Jac Poultry, which could not immediately be reached for comment, operates facilities in Mississippi, Alabama, and Georgia. Mar-Jac Poultry told NBC News in October that the company has followed all safety procedures in the incident involving the teen worker. The DOL said the poultry processor currently is also under a separate child labor investigation by its wage and hour division.

Persons: Jac, Kurt Petermeyer, DOL, ” “, ” OSHA’s Petermayer Organizations: New, New York CNN, US Department of Labor, Department of Labor, Safety, Health Administration, OSHA, “, Jac Poultry, NBC News, Mar Locations: New York, Mississippi, Georgia, Hattiesburg , Mississippi, Atlanta, Mississippi , Alabama

☆ U.S. Faults Mississippi Poultry Plant in Death of 16-Year-Old
▼ + stars: | 2024-01-16 | by ( Jesus Jiménez | ) www.nytimes.com time to read: 1 min

A Mississippi poultry plant’s disregard of safety policies was directly to blame for the death of a 16-year-old boy who was fatally injured in July after being pulled into a machine there, the Occupational Safety and Health Administration said on Monday. Mar-Jac Poultry, which operates the Mississippi plant, was cited with 17 violations after investigators found that the plant’s failure to follow safety protocols had led to the teenager’s fatal injuries, OSHA said in a statement on Tuesday, noting that it had proposed to fine the poultry company more than $200,000. The 16-year-old was cleaning a machine in the deboning area of the Mar-Jac Poultry plant in Hattiesburg, Miss., on July 14 last year, when he was caught in the machine’s rotating shaft and pulled into it, OSHA said.

Persons: Jac Organizations: Occupational Safety, Health Administration, OSHA Locations: Mississippi, deboning, Hattiesburg, Miss

☆ Anhui Jianghuai Automobile says Nio unit, state-owned firm win bid for assets
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +2 min

Super chargers of Chinese electric vehicle (EV) maker Nio are placed at a delivery center of the company, in Nanxiang, Shanghai, China March 23, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsSHANGHAI/BEIJING, Dec 5 (Reuters) - Anhui Jianghuai Automobile (600418.SS) (JAC) said on Tuesday that electric vehicle maker Nio's (9866.HK) Anhui unit and a state-owned company of China's Hefei government won a bid for its assets worth a combined 4.58 billion yuan ($641.2 million). In October, JAC put up for sale the assets at the two plants, known as F1 plant and F2 plant where Nio has been producing its EVs. Regulators allowed Nio to produce and sell EVs in China via the collaboration with JAC in 2018 through which Nio paid JAC commission fees on each car it produced. Nio ranked ninth in terms of sales of EVs and plug-in hybrids in the first 10 months in China with 126,067 units, according to data from China Passenger Car Association.

Persons: Nio, Aly, JAC, Hengchuang, Zhang Yan, Brenda Goh, Jacqueline Wong Organizations: REUTERS, Rights, Anhui Jianghuai Automobile, Technology, Regulators, China Passenger Car Association, Thomson Locations: Nanxiang, Shanghai, China, Rights SHANGHAI, BEIJING, Anhui, HK, Hefei, Beijing

☆ China adds Nio to list of approved vehicle manufactures - website
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +2 min

Chinese Nio electric car is seen at Nio's first European plant and power swap station in Biatorbagy, Hungary, September 16, 2022. REUTERS/Bernadett Szabo/File Photo Acquire Licensing RightsSHANGHAI, Dec 4 (Reuters) - Electric vehicle maker Nio (9866.HK) has been added to a Chinese industry ministry database permitting companies to produce vehicles in the country, according to the ministry's website. The website gave no details on whether or when a manufacturing licence was granted to Nio, which has since 2018 partnered with Anhui Jianghuai Automobile Group (JAC) to produce electric vehicles on a contract basis. U.S. luxury EV maker Lucid Group (LCID.O) has also been advised of the low likelihood for approval, sources have told Reuters. The last EV maker to receive both permits was Shandong-headquartered EV maker Sinogold in May 2019.

Persons: Bernadett Szabo, Nio, Cui Zhuzhu, Zhang Yan, Brenda Goh, Emelia Sithole Organizations: REUTERS, Rights, HK, Anhui Jianghuai Automobile, China Securities Journal, Tesla Inc, Reuters, Lucid, Sinogold, China Passenger Car Association, Thomson Locations: Biatorbagy, Hungary, Anhui, JAC's, Shanghai, China, Shandong

☆ Huawei is pushing its tech into the EV world with new cars, automaker partnerships
▼ + stars: | 2023-11-29 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Changan and Huawei are already partners for the Avatr electric car brand, created in 2018 with electric car battery giant Contemporary Amperex Technology . Huawei is also working with Chery on the Luxeed electric car brand, which revealed details for its S7 sedan on Tuesday. BAIC, whose Arcfox electric brand already uses Huawei tech, and JAC did not immediately respond to a request for comment. Tencent , which operates China's social media app WeChat, has claimed it supplies BMW and some other automakers with car tech. Selling a suite of car tech products called "Huawei Inside," while the automaker designs the vehicle.

Persons: JAC, Richard Yu, BAIC, Tu Le, It's, Huawei's Yu Organizations: Getty, Nurphoto, Huawei, Changan Automobile, Technology, Chery, BAIC, BMW Locations: SHANGHAI, CHINA, Shanghai, China, BEIJING, Beijing, U.S

☆ Volkswagen to launch China-specific entry level electric platform
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +4 min

Volkswagen electric ID car is seen during a construction completion event of SAIC Volkswagen MEB electric vehicle plant in Shanghai, China November 8, 2019. Chinese new car buyers are younger, tech savvy and like a immersive digital experience from their cars, he added. China was a very “price-sensitive” market and Volkswagen needed to optimise costs, Brandstaetter said. Volkswagen in July struck a deal with Chinese EV maker Xpeng Inc (9868.HK) to boost its EV line up. It has two new models under development as part of that partnership that will target mid-level consumers and be produced on an older generation Xpeng platform.

Persons: Aly, Ralf Brandstaetter, Brandstaetter, “, Luehrmann, Volkswagen's, Zhang Yan, Brenda Goh, Victoria Waldersee, Kim Coghill Organizations: Volkswagen, SAIC Volkswagen, REUTERS, Rights, Volkswagen Group China Technology Company, SAIC, FAW, JAC Motors, Xpeng, HK, Thomson Locations: Shanghai, China, Rights HEFEI, BERLIN, Hefei, BYD, Germany

☆ Moscow tells officials to buy Russian Ladas, Chinese cars
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Alexey Malgavko//File Photo Acquire Licensing RightsOct 20 (Reuters) - Russia's government on Friday published a list of domestically-produced cars that state officials should buy, all either Russian or Chinese brands, highlighting Beijing's infiltration of Russia's automobile industry since the Ukraine war. As the West shuns Russia, Russia has shunned Western corporations. The Russian cars listed were five Lada models, produced by Russia's largest carmaker Avtovaz, as well as the UAZ, Aurus and Moskvich brands, and Evolute electric cars. The Moskvich, a revived Soviet-era car, is emblematic of China's growing sway over Russia's car industry. Five models of Chinese carmaker Haval, which has been producing cars at its plant in the Tula region, 200 kilometres from Moscow, since 2019, were listed.

Persons: VAZ, Alexey Malgavko, Vladimir Putin, Sehol, Haval, Gleb Stolyarov, Alexander Marrow, Barbara Lewis Organizations: Lada, REUTERS, Renault, Nissan, West shuns, Kommersant, Apple, Industry and Trade Ministry, Russia's, Reuters, Thomson Locations: Soviet, Izhevsk, Russia, Ukraine, West shuns Russia, Moscow, Tula

☆ Biggar back for Wales in boost for World Cup quarter-final with Argentina
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +3 min

TOULON, France, Oct 12 (Reuters) - Wales' influential flyhalf Dan Biggar will start this weekend's Rugby World Cup quarter-final against Argentina in Marseille with Tommy Reffell named on Thursday in place of the injured Taulupe Faleatu. Along with Biggar, Wales also named experienced fullback Liam Williams for Saturday's match despite him being taken off with a knee injury in their final pool match last weekend, a 43-19 win over Georgia in Nantes. Williams was later seen using crutches but coaching staff this week said it was a precautionary measure to take weight off his leg. “It’s exciting to enter into the knockout stages of the tournament and we are ready for the challenge of a quarter-final. We haven't had the perfect performance yet, but we have shown that we are a hard team to beat.

Persons: Dan Biggar, Tommy Reffell, Taulupe Faleatu, Biggar, Liam Williams, Williams, Faleatu, Aaron Wainwright, Jac Morgan, Adam Beard, Dafydd Jenkins, Gareth Anscombe, Sam Costelow, “, Warren Gatland, “ We’re, haven't, ”, Louis Rees, George North, Nick Tompkins, Josh Adams, Gareth Davies, Will Rowlands, Tomas Francis, Ryan Elias, Gareth Thomas Replacements, Dewi, Corey Domachowski, Dillon Lewis, Tshiunza, Tomos Williams, Rio Dyer, Mark Gleeson, Ken Ferris Organizations: Rugby, Argentina, Georgia, ” Wales, Thomson Locations: TOULON, France, Wales, Marseille, Biggar, Nantes, Georgia, Argentina, Zammit, Paris

☆ Renault to maintain mixed ethanol combustion engines in Brazil
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +2 min

The logo of Renault is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 15, 2023. "It still pays to invest in combustion in Brazil," top executive Ricardo Gondo said at an event, adding that the industry will need more federal incentives to accelerate its EV transition. Renault is planning to launch Brazilian sales of an electric version of its French-made Kangoo van in October, when it will also launch its Kardian combustion engine SUV, set to be manufactured locally. Earlier this month, Renault CEO Luca de Meo warned a "very competitive" industry in China and that it will need to "catch up fast". ($1 = 4.9256 reais)Reporting by Alberto Alerigi Jr.; Writing by Carolina Pulice; Editing by Sarah Morland and Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Persons: Gonzalo Fuentes, Ricardo Gondo, Gondo, van, JAC, Luca de Meo, Luiz Inacio Lula da Silva, Jair Bolsonaro, Alberto Alerigi Jr, Carolina Pulice, Sarah Morland, Marguerita Choy Organizations: Renault, Viva Technology, Porte de, REUTERS, SAO PAULO, EV, Wall Motor Co, Chery, Qualcomm, Nissan, Brazilian, Thomson Locations: Porte, Paris, France, Brazil, French, Parana, China

☆ Cruise ship Ocean Explorer runs aground in Greenland
▼ + stars: | 2023-09-13 | by ( Zahid Mahmood | James Frater | ) edition.cnn.com time to read: +2 min

CNN —A cruise ship carrying 206 passengers and crew has run aground on a remote stretch of Greenland and could potentially be stuck for days waiting for the nearest ship to arrive to help. The Ocean Explorer got into trouble on Monday in Alpefjord, a dramatic and rugged stretch of Northeast Greenland National Park, and has not been able to free itself, according to a statement from Denmark’s Joint Arctic Command (JAC). “As soon as we realized that the Ocean Explorer could not get free on its own, we sent a ship towards the wreck,” Arctic Commander Brian Jensen said. Jensen said the Ocean Explorer could still re-float on a high tide, but failing that, the Knud Rasmussen would assist. According to the statement, the Government of Greenland, the Danish Maritime Authority and the Danish Accident Investigation Board have been informed of the incident.

Persons: ”, Knud Rasmussen, Brian Jensen, “, Jensen, Tamara Hardingham, Gill Organizations: CNN, Arctic Command, Aurora Expeditions, Command, Danish Maritime Authority, Danish Locations: Greenland, Alpefjord, Northeast Greenland, Government

☆ Luxury cruise ship remains stuck in Greenland as tide fails to help
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +1 min

View of the Ocean Explorer, a luxury cruise ship carrying 206 people that ran aground, in Alpefjord, Greenland, September 12, 2023. Danish Air Force/Arctic Command/Handout via REUTERS Acquire Licensing RightsHELSINKI, Sept 13 (Reuters) - A luxury cruise ship carrying 206 people remained stuck in a remote Greenland location on Wednesday after running aground earlier this week, the vessel's operator and rescue services said. The Danish military's Joint Arctic Command (JAC) said Tuesday's tide had failed to lift the 104-metre (341-foot) Ocean Explorer enough to free it. Photos taken by a Danish air force plane on Tuesday showed the Ocean Explorer sitting upright in calm waters with the sun shining. The JAC said it remained in contact with nearby ships to see whether they would be able to help free the Ocean Explorer.

Persons: JAC, Aurora, Essi Lehto, Terje Solsvik, Christina Fincher Organizations: Danish Air Force, Arctic Command, REUTERS Acquire, Rights, Aurora Expeditions, Thomson Locations: Alpefjord, Greenland, Danish, Sydney, Greenland's, Nuuk, Denmark

☆ Luxury cruise ship carrying 206 people runs aground in remote Greenland
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +1 min

COPENHAGEN, Sept 12 (Reuters) - A luxury cruise ship carrying 206 people has run aground in remote eastern Greenland with the nearest help by sea days away, the Danish military's Joint Arctic Command (JAC) said on Tuesday. The Ocean Explorer ran aground on Monday in Alpefjord in a national park some 1,400 km (870 miles) northeast of Greenland's capital Nuuk, the JAC said in a statement. "A cruise ship in trouble in the national park is obviously a worry. A spokesperson for Australian cruise operator Aurora Expeditions said in an emailed statement everyone on board was safe and well. The Arctic command said it had asked a cruise ship located nearer to the Ocean Explorer to stay in the area so that it would be able to assist in case the situation changes.

Persons: JAC, Brian Jensen, Louise Breusch Rasmussen, Terje Solsvik, Nick Macfie Organizations: Arctic Command, Explorer, Aurora Expeditions, Thomson Locations: COPENHAGEN, Greenland, Danish, Alpefjord, Greenland's, Nuuk

☆ China's factory activity likely extended declines in August - Reuters poll
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +2 min

An employee works on the production line of Nio electric vehicles at a JAC-NIO manufacturing plant in Hefei, Anhui province, China August 28, 2022. China Daily via REUTERS/File Photo Acquire Licensing RightsBEIJING, Aug 29 (Reuters) - China's factory activity likely contracted for a fifth straight month in August, a Reuters poll showed on Tuesday, as weak demand threatens recovery prospects in the world's second-largest economy and pressures officials to prop up growth. An index reading above 50 indicates expansion in activity on a monthly basis while below that signals contraction. "ASEAN, China's top trading partner, has also decreased to a nearly two-year low of 50.8." The official manufacturing PMI, which largely focuses on big and state-owned firms, and its survey for the services sector, will be released on Thursday.

Persons: Taimur Baig, Joe Cash, Anant Chandak, Susobhan Sarkar, Sam Holmes Organizations: REUTERS, Rights, Manufacturing, DBS, ASEAN, PMI, Thomson Locations: Hefei, Anhui province, China, Rights BEIJING, Bengaluru

☆ Battered Basham on the bench for Wales against South Africa
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +2 min

CARDIFF, Aug 16 - Wing Alex Cuthbert and centre Johnny Williams return to the starting XV for Wales as they look to match South Africa’s physicality in Saturday’s Rugby World Cup warm-up clash in Cardiff, while loose-forward Taine Basham will be on the bench. A stringent three stage protocol was followed and Basham was given the all-clear this week. Hardy will have experienced flyhalf Dan Biggar alongside him, while Mason Grady partners Johnny Williams in the midfield. Elliot Dee is the starting hooker with rookie props Corey Domachowski and Keiron Assiratti either side of him. "We’re expecting confidence and physicality from South Africa.

Persons: Alex Cuthbert, Johnny Williams, Taine Basham, Basham, England flyhalf Owen Farrell, Farrell, Scrumhalf Kieran Hardy, Warren Gatland, Hardy, Dan Biggar, Mason Grady, Liam Williams, Cuthbert, Rio Dyer, Jac Morgan, Dan Lydiate, Aaron Wainwright, Ben Carter, Will Rowlands, Elliot Dee, Corey Domachowski, We’re, there’s, ” Gatland, Kieran Hardy, Sam Parry, Nicky Smith, Henry Thomas, Teddy Williams, Tomos Williams, Max Llewellyn, Cai Evans, Nick Said Organizations: CARDIFF, Wales, Rugby, England, ” Wales, Twickenham, . Wales, Thomson Locations: Cardiff, South Africa

☆ It’s August Already: Are You Making the Most of Your Patio or Terrace?
▼ + stars: | 2023-08-04 | by ( Tim Mckeough | ) www.nytimes.com time to read: +1 min

It’s hard to beat summer in the city — except maybe on the very hottest days. And if you’re lucky enough to have a little outdoor space, like a balcony, terrace or patio, it’s even better. Christine and John Gachot, the designers who founded the New York interiors studio Gachot, have a little experience with that. The multilevel penthouse once belonged to the revered modernist architect Paul Rudolph, and it has a sweeping view of the East River, Roosevelt Island and the Pepsi-Cola sign in Long Island City from the largest terrace on the top level. “Having an outdoor space in the city is incredible,” said Mr. Gachot, 53.

Persons: Christine, John Gachot, Bond, Paul Rudolph, ”, Gachot Organizations: Pepsi Locations: York, Roosevelt, Long Island City

☆ A 16-year-old boy died while working in a Mississippi poultry plant. An unscrupulous hiring agency may be to blame, a workplace expert says.
▼ + stars: | 2023-07-22 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +3 min

Tomas Duvan Perez, 16, died after becoming trapped in equipment while working at a Mississippi poultry plant. Perez is the third minor in the last month to die in a US workplace, the Huffington Post reported. Now, six years later, he is dead because of a workplace accident at a poultry plant that should've never hired him. Perez, 16, died on July 14 at the Mar-Jac poultry plant in Hattiesburg, Mississippi, NBC News reported. A spokesperson for the Mar-Jac Poultry plant in Hattiesburg, Mississippi claims an outside hiring agency misled the company by misrepresenting the boy's age, the Huffington Post reported.

Persons: Tomas Duvan Perez, Perez, Duvan Tomas Perez, should've, Jac, Jordan Barab, Barab, They're, Joe Colee, Michael Schuls, Will Hampton Organizations: Huffington, Service, NBC News, Occupational Safety, Health Administration, OSHA, PBS Locations: Mississippi, Wall, Silicon, Guatemala, United States, Hattiesburg , Mississippi, Wisconsin, Missouri, Wisconsin , Ohio, Iowa

IMPORTED ASSEMBLY KITSAfter a chaotic decade following the collapse of the Soviet Union in 1991, Russia encouraged Western carmakers to build factories. "Undoubtedly, the expansion of Chinese carmakers on the Russian market will continue," said Andrey Olkhovsky, the head of dealership chain Avtodom. It is a radical change of fortunes for Chinese carmakers in Russia. Production of Chinese vehicles only began in Russia in 2019 with the arrival of Chinese automotive company Great Wall Motor (601633.SS). LESS LOCAL INPUTUnder the partnership with Chinese firms, less of the production at former Western factories is currently conducted in Russia, the sources said.

Persons: Jetour, Maxim Shemetov, Moscow's, Sergei Sobyanin, French carmaker, JAC, Sehol, Moskvich, capitalising, Vladimir Bespalov, Vladimir Putin, Andrey Olkhovsky, Olkhovsky, Wall, Sollers, Avtovaz, Denis Manturov, Gleb Stolyarov, Alexander Marrow, Zhang Yan, Daniel Flynn Organizations: REUTERS, French, French carmaker Renault, Moscow Automobile Factory, JAC Motors, Reuters, Renault, Nissan, Russia's Industry, Trade Ministry, Wall, Chery, Geely, HK, Argo, Ford Transit, Nissan's St, Lada, China's FAW Group's, FAW, Western, Trade, Thomson Locations: Lyubertsy, Moscow Region, Russia, Soviet, Moscow, Anhui, Ukraine, Soviet Union, Western, Tula, Autostat, Tatarstan, Nissan's, Nissan's St Petersburg, St Petersburg, Leningrad, Japan, Europe, China, Shanghai

[1/2] The logo of Chinese carmaker Geely Auto is pictured at the second media day for the Shanghai auto show in Shanghai, China April 17, 2019. Thailand's Board of Investment held discussions with five major Chinese EV makers including Geely during a roadshow to China in April, its Secretary-General Narit Therdsteerasukdi said. "All expressed keen interest in Thailand's policy to develop a regional EV production base and an integrated EV supply chain," Narit said, without providing more details of the talks with Geely. BYD and China's Great Wall Motor Co Ltd (601633.SS) are already working on building local EV production in Thailand. China's Great Wall Motor has said it is considering a research and development centre in Thailand that could work on battery-powered pickup trucks.

Persons: Aly Song BANGKOK, Geely, Narit Therdsteerasukdi, JAC Motors, Narit, Aston Martin, China's, Devjyot Ghoshal, Zhang Yan, Jamie Freed Organizations: Shanghai, REUTERS, Reuters, of Investment, BYD Co, Chongqing Changan Automobile Co, Jiangling Motors Corp Ltd, EV, Wall Motor Co, Volvo, Aston, Malaysian carmaker Proton, Toyota Motor Corp, Isuzu Motors, Thomson Locations: Shanghai, China, Thailand, Chongqing, Geely, Swedish, Southeast Asia

Stepan, 28, who has increasingly driven Chinese cars when using carsharing services, is among those that need convincing. If you want my honest opinion, the difference (with Chinese cars) is massive," he told Reuters at Moscow's Favorit Motors dealership. When buying his new Chinese car, Alexander, 74, looked for one which encompassed Swedish technology. While Chinese cars are increasingly filling the gap, the lack of reputation remains an issue, said auto industry expert Sergey Aslanyan. Chinese brands' market share reached 37.15% in January-February, up from 9.48% a year earlier, Autostat and PPK data showed.

That left used cars accounting for almost three quarters of all cars sold, up from 55% in 2021, the data shows. Russians turn to used cars as production falls, prices rise"Money flowed into the used cars market as prices for second-hand cars held up, while at the same time the structure of the new cars market changed significantly," Autostat CEO Sergei Udalov told Reuters. At 2.5 million roubles, his Skoda was around 1 million roubles more expensive than it would have been a year earlier, but still 1 million roubles cheaper than a brand new version. Imports of used cars jumped last year, with those from Japan leading the way. Japan has curbed exports of high-value cars to Russia, but used cars imported by individuals fall outside the restrictions.

☆ Exclusive: Chinese grab Russian car market share after Western rivals depart
▼ + stars: | 2022-12-08 | by ( Gleb Stolyarov | ) www.reuters.com time to read: +3 min

Reuters GraphicsRussia's new passenger car and LCV sales were 46,403 in November, the Association of European Businesses (AEB) said on Tuesday, and sales should reach around 600,000 for this year overall. "There is little production of Western car brands and few imports, so the market is divided between the Russian and Chinese car industries," Russian automotive analyst Vladimir Bespalov told Reuters. Russian cars satisfy demand at lower prices - up to about 1.5 million roubles ($23,961), and Chinese are also taking over the Western niche of prices above 2.5 million roubles. In one high-profile case, a Chinese car is masquerading as Russian one. In monetary terms, the share could surpass 40% of what he expects will be a 1.5-trillion-rouble market in 2023.

Search resuls for: "JAC"

25 mentions found