China and Germany plan to boost a railway route between their countries as President Xi Jinping prepares to welcome a cargo train packed with laptops and electronics in Duisburg, the world’s biggest inland port. The 700-meter Yuxinou train takes 16 days to travel more than 6,800 miles (11,000 kilometers) from China via Kazakhstan, Russia, Belarus and Poland. Xi will meet the train tomorrow in a visit to…

KUKA Robotics China has been commissioned by a major Chinese automotive manufacturer to supply 1,125 industrial robots in a deal worth in the lower double-digit million euro range. The production company makes vehicles for the Chinese market and aims to further expand its local market position. The robots of the KR QUANTEC series with a KR C4 controller are to carry out spot and laser welding work on…

B YD has signed a preliminary sales and purchase agreement for its planned electric car factory in Szeged, Hungary. This will be the first passenger car manufacturing facility established in Europe by a Chinese OEM. Construction of the facility will be in stages, with the factory open and operational within three years, producing a “comprehensive range of eco-friendly models”. “The construction project, and…

Jaipur: At present, China and India are on top priority among the international automobile brands. China shadowed India and took the apex as a leading automobile market in the world. The dedication of auto world towards China can be clearly figured out from the numerous world debuts at the 2014 Auto China compared to Indian Auto Expo and we have seen many Chinese oriented models from leading manufacturers…

IN a blow to American auto giant General Motors in India, Chinese automaker Shanghai Automotive Industry Corp (SAIC) clarified on Monday that it has only signed a term sheet to evaluate General Motors India’s Halol plant near Vadodara and no formal agreement has been signed. The clarification is contrary to numerous reports over the last few months stating that SAIC and GM had finalised an agreement for the…

The Chinese are going to finance 7 major industrial projects in Iran on steel production, an Iranian official said. Speaking to Tasnim on Wednesday, CEO of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) Mahdi Karbasian said an Iranian bank has finalized arrangements for the letters of credit (LCs) for financing the seven projects by the Chinese companies. After…

Nippon Steel & Sumitomo Metal Corp. will establish a new plant in China to boost its production capacity for cold heading wire there by sixfold. The firm plans to improve supply of the wire, used for important automotive materials such as bolts and bearings, to Japanese carmakers in China. The new plant is being built in Suzhou, Jiangsu Province, together with partners including Toyota Tsusho Corp. With a…

(Bovespa: WEGE3 / OTC: WEGZY) announced investments of US$ 345 million over the next 5 years for expansion of motors production capacity in Mexico and China. In Mexico, investments will expand local production capacity and increase verticalization, integrating the production process of the Mexican operation and making it similar to what exists today at WEG’s largest industrial plant, in Jaraguá do Sul (SC).…

Four years after the United States-Mexico-Canada trade agreement (USMCA) was adopted, Mexico and the U.S. face a common concern: the prospect of cheap Chinese electric vehicles dominating a fast-growing market and undermining regional carmakers like GM, Ford, and Tesla in the process. Chinese imports have already begun south of the U.S. border. EV and plug-in hybrid imports jumped 443.9%, by value, in the…

The Shandong Iron and Steel Group (Shangang) has signed an agreement to construct a new steel pipe plant in the North African country of Morocco. The agreement was signed between the company management and the Moroccan Finance Minister at the Moroccan capital, Rabat on Tuesday. The Chinese steel major plans to invest around $150 million towards building the new plant, which is estimated to have a production…