and critical mineral supply chains, accelerating the digital transition with quantum and artificial intelligence •    Securing partnerships, with private investment to build infrastructure, open markets, and create higher-paying jobs Other discussions will include a just and lasting peace for Ukraine and other conflict areas. (Canadian government release on June 7, 2025)...

News  Updated at: 2025/06/11

U, including in overseas countries and territories. The projects will diversify the EU’s supply sources and enhance economic security, while also promoting local value creation in third countries. Among the 13 Strategic Projects, seven are located in Canada, Greenland, Kazakhstan, Norway, Serbia, Ukraine, Zambia, with whom the EU has a strategic partnership on raw materials value chains; and the remaining ones are located in Brazil, Madagascar,...

News  Updated at: 2025/06/06

Nyle reports reduced use of vehicles as measure against high gasoline prices Gasoline prices have remained at high levels since Russia’s military invasion of Ukraine. According to a gasoline cost survey by Nyle Inc. (Nyle), a company that is engaged in automotive rental services, about 60% of the people who participated in the survey in Japan have been taking measures such as a reduced use of vehicles. While crude oil prices have been declining...

News  Updated at: 2025/05/12

ime. As a result, European automakers have lost a critical buffer, and with domestic demand also stagnating, the region is facing a structural slowdown in new car sales. A three-market collapse Russia, once a key destination for European brands, has been entirely shut off since the 2022 invasion of Ukraine. Western OEMs withdrew in full, and Chinese manufacturers rapidly filled the gap. The market is now politically and commercially inaccessible ...

News  Updated at: 2025/05/08

aluminum metal produced from alumina (or aluminum oxide) by the electrolytic Hall-Heroult process) smelted or cast in Russia, are subject to a 200% duty rate. The new proclamation also ends national exemptions for Argentina, Australia, Brazil, Canada, Japan, Mexico, South Korea, the European Union, Ukraine, and the United Kingdom which had received exemptions in 2018, with the White House arguing that rerouting of products by countries such as Ch...

News  Updated at: 2025/03/08

operations significantly, with plans to expand our fleet to up to 100 autonomous Ioniq 5’s in 2025,” said Dmitry Polishchuk, CEO of Avride. Avride was spun out of Yandex, one of Russia’s biggest tech companies, which had been testing its vehicles in the U.S. until the 2022 Russian invasion of Ukraine. In 2024, the Yandex self-driving group rebranded as Avride after its parent company (now called Nebius) divested itself in a USD 5.2 billion ...

News  Updated at: 2025/03/08

Trump wants Ukraine to guarantee access to rare earths in exchange for war aid On February 3, President Donald Trump said his administration wants an agreement with Ukraine for that country suffering the devastation of war to offer access to its rare earths resources in return for aiding its defense against Russia. “We’re looking to do a deal with Ukraine where they’re going to secure what we’re giving them with their rare earth and other...

News  Updated at: 2025/02/04

al (JV with access to a shared facility, outright purchase of an underutilised factory, or construction of their own plant from scratch) will certainly affect the speed and scale of their market entry. This trend mirrors the transformation of the Russian automotive sector following the start of the Ukraine War, with Chinese manufacturers filling the void left by departing Western firms, predominantly through contract assembly with local Russian m...

News  Updated at: 2025/01/27

lants in 2024. In China, Škoda made 15,200 vehicles at plants in Changsha, Ningbo, and Nanjing. In Kazakhstan, the Kodiaq, Karoq, Kamiq, and Octavia were assembled from SKD kits, with over 1,400 vehicles produced. Škoda plans to expand SKD assembly to include the new-generation Superb in 2025. In Ukraine, the Karoq SUV continued assembly in Solomonovo. Based on Škoda press release...

News  Updated at: 2025/01/23

now that the German “traffic light coalition” has collapsed and Friedrich Merz is likely to head up a new CDU-led government with elections likely to take place in February 2025 (tbc). Prime Minister Starmer in the UK will also be under increasing pressure to revise proposed net zero timelines. Ukraine: Though the probability of a swift end to the war remains low, it is worth noting that a peace deal – however it came about – would undoub...

News  Updated at: 2024/11/19

turing teams completing 6,000 hours of training. SOMACA aims to reach a production record of over 100,000 vehicles this year, increasing Morocco's automotive production capacity. Renault Kardian will expand Morocco's role as a car manufacturing and export hub, targeting new markets in Africa, Gulf, Ukraine, and Guadeloupe. Based on social media update from the Ministry of Industry & Trade, Morocco...

News  Updated at: 2024/11/11

. The relocation of BEV production from European OEMs to China to benefit from its production cost advantage, and the influx of Chinese models to Russia, have also substantially boosted Chinese imports to the region. Elevated costs for materials, energy, and transport (all exacerbated by the Russia-Ukraine war), have inflated car prices in Europe, with the economic climate also squeezing disposable income for consumers. This has reduced the compe...

News  Updated at: 2024/10/25

Škoda launches new generation Superb for Ukraine market On August 20, Škoda Ukraine announced that the new generation Superb is now available for order in Ukraine from August 26, 2024. It is available in two configurations: Superb Selection and Superb L&K. Both come with two-liter gasoline engines, four-wheel drive, and a seven-speed gearbox. The price starts at UAH 1,770,000. The car features larger dimensions, a refreshed design, advanced tec...

News  Updated at: 2024/08/21

GlobalData blog: Impact of international sanctions on the Russian light vehicle market Since it invaded Ukraine, Russia has faced increasing sanctions from its foreign trade partners, particularly the US and Europe. Following the recent announcement of the US Treasury expanding its secondary sanctions programme, international pressure looks set to rachet up even further. However, the Russian economy seems to have broadly adapted to the new geopol...

News  Updated at: 2024/07/25

Ashok Leyland halts Switch Mobility's manufacturing project in Spain On May 31, Ashok Leyland announced that it has kept Switch Mobility's manufacturing project in Spain on hold, as of now. The company highlighted that it had initially announced the plant when the European market appeared very promising, before the conflict between Ukraine and Russia. However, with the recent downturn in the European market, the company is now considering waiting...

News  Updated at: 2024/06/03

EU and international partners agree to expand cooperation on critical raw materials On April 5, the EU, the US, and other Minerals Security Partnership (MSP) partners, joined by Kazakhstan, Namibia, Ukraine, and Uzbekistan, announced the launch of the Minerals Security Partnership Forum (or “MSP Forum”). The forum will serve as a new platform for cooperation in critical raw materials (CRMs) vital for the global green and digital transitions. ...

News  Updated at: 2024/04/08

up 20.5% (xEV share: 19.7%), and unit sales of Vans increased 7.8% to 447,790 units. The company said the economic situation and automotive markets are marked by significant uncertainty, driven by geopolitical events and trade policies. Ongoing conflicts like the Middle East conflict and the Russia-Ukraine war, tensions between China and the U.S., and a further deterioration of political relations between the EU and China are included in potentia...

News  Updated at: 2024/02/26

automatic direct-shift transmissions, at its Vrchlabí plant. Škoda manufactured more than 36,000 units of the Karoq SUV, along with the first batches of the new Superb generation, at the Volkswagen facility in Bratislava. Additionally, the company assembled 2,580 units at the Solomonovo plant in Ukraine using semi-knocked-down (SKD) kits. Across the four Chinese factories in Changsha (Kodiaq and Kodiaq GT), Nanjing (Kamiq, Kamiq GT and Superb)...

News  Updated at: 2024/01/24

diesel vehicles with engine displacements of over 1.9 liters. Tires for large vehicles and printing inks will also be added to the country’s embargo list, and as a result a total of about 750 items will be newly subject to the embargo against Russia. After the Russian initiated military attack on Ukraine, automakers have refrained from exporting new vehicles to Russia, and exports of secondhand vehicles have increased. With the additional sanct...

News  Updated at: 2023/07/31

protect national security, but analysts see it as a response to the alleged attempts of the U.S. to curb China's technological advances.Semiconductor scarcity in Thailand eased from March 2023, after the previous lockdown measures in China to contain the COVID-19 spread and the impact of the Russia-Ukraine war that caused the global chip shortage. Car companies in Thailand had to delay the delivery of some models due to this issue.This upcoming c...

News  Updated at: 2023/07/21