Egypt allocates EGP 5 billion for automotive industry in 2026/2027 fiscal year budget On May 31, the Ministry of Finance of Egypt announced that EGP 90 billion has been allocated in the new budget for the fiscal year 2026/2027 to expand programs supporting production, service, and commodity exports, and entrepreneurship activities. The Government has allocated approximately EGP 5 billion to support the automotive industry. Based on press release ...

News  Updated at: 2026/06/02

n the recent two months have reached USD 400 million. The current funding round witnessed the participation of industrial investors, who are expected to further boost Zeron’s industrial synergy and business expansion in core scenarios including mining transportation, industrial logistics and bulk commodity transportation. The introduction of international capital will also enable Zeron to strengthen its presence across global markets and receiv...

News  Updated at: 2026/06/01

atility regime triggered by a major global crisis (such as the GFC or COVID-19), a sharp drop in oil prices may occur alongside a sharp drop in business confidence. Conversely, a prominent example of a high-volatility period when both oil prices and business confidence rose in tandem was the global commodity boom 2003 – 2007. In these periods, oil prices act as a real-time barometer for global economic health and are read as such by businesses....

News  Updated at: 2026/03/11

ElevenEs raises funding for battery cell mega factory in Serbia On February 18, ElevenEs completed the first closing of its Series B investment round, backed by Caterpillar Venture Capital, Inc. a subsidiary of Caterpillar Inc. Additionally, an affiliate of BST (HK) Ltd., a leading Hong Kong-based commodity trading house, participated in the round. The proceeds will be used for the initial phases of infrastructure and equipment toward the planned...

News  Updated at: 2026/02/19

pressures will persist. Management will reassess supply constraints in three months. Q3 growth included "postponed demand" from H1 and "preponed demand" from Q4 and FY 2027, indicating elevated demand may not be sustainable beyond the GST reform period. The company has not increased prices despite commodity pressures from precious metals and rare earth elements, citing ethical considerations following the government's tax reduction. Based on Mar...

News  Updated at: 2026/02/03

n in November dropped 5.1% to 369,721 units, marking the 5th straight month of decline. Daihatsu Motor Co., Ltd. (Daihatsu) and Toyota’s Lexus brand saw growth, but all the other seven passenger vehicle brands saw declines in their sales volume from the previous year. Demand is slow due to rising commodity prices and higher vehicle prices. In addition, some manufacturers’ sales were slowed by the supply restrictions due to semiconductor short...

News  Updated at: 2025/12/02

hindra & Mahindra, in an investor update, stated that the shortage of Nexperia chips has had a minimal impact on its production. Its supplies for Q3 (ending December 2025) are already secured, and it expects the situation to improve further in Q4. The affected component from Nexperia is a low-value commodity chip, and it will not be difficult to find a suitable substitute. By the end of November 2025, Mahindra would have covered with options most...

News  Updated at: 2025/11/11

Bahman Diesel Company, Iran, launches Force 6-ton sleeper cab truck On October 6, Bahman Diesel Company announced the launch of the Force 6-ton sleeper cab truck on the commodity exchange. Its delivery will start in November 2025. This product is considered one of the economical and practical options in the medium-weight truck category on the market. Based on Bahman Diesel Company press release ...

News  Updated at: 2025/10/09

Vehicle trade, effective from January 1, 2026. The relevant content is as follows. -          Export license management will apply to items classified as passenger vehicles equipped only with an electric drive motor and having a Vehicle Identification Number (VIN), referenced under Customs Commodity Code 8703801090. -          The conditions for enterprises applying for export qualification, management methods, application proce...

News  Updated at: 2025/09/29

FAW Jiefang, Xiamen C&D forge strategic partnership On June 16, FAW Jiefang signed a strategic cooperation framework agreement with Xiamen C&D Inc. (Xiamen C&D) in Xiamen. The two companies will launch multi-level specific cooperation in areas such as international investment, vehicle procurement and sales, logistics and warehousing, and the bulk commodity supply chain. They will jointly establish an efficient, sustainable global supply chain net...

News  Updated at: 2025/06/19

the establishment of resource recycling. A new research building has been constructed on the premises of Zeon Chemicals Yonezawa Co., Ltd. (Yonezawa City, Yamagata Prefecture), a subsidiary of Zeon. This initiative is part of the “Development of Manufacturing Technology Using Carbon Recycling for Commodity Chemicals Used in Synthetic Rubber” project jointly carried out by Zeon and The Yokohama Rubber Co., Ltd. (Yokohama Rubber), which has bee...

News  Updated at: 2025/06/13

nd worldwide. This initiative will be implemented alongside the TMUK Burnaston site’s principal activity of producing Toyota Corolla vehicles. The Toyota Circular Factory concept represents TME’s comprehensive approach to recycling, focusing on three main areas: reusable parts, remanufacturable commodity items, and recyclable materials. After undergoing a thorough validation process, reusable parts will be reintroduced to the market through r...

News  Updated at: 2025/03/18

Aramco and Ma'aden to form joint venture in Saudi Arabia for lithium extraction On January 15, Aramco signed non-binding heads of terms with Ma'aden, the largest multi-commodity mining and metals company in the Middle East and North Africa region, to form a joint venture in Saudi Arabia. The JV will focus on energy transition minerals, including lithium extraction from high-concentration deposits and developing cost-effective direct lithium ext...

News  Updated at: 2025/01/27

icle sales in Japan in 2025 will be about 4.6 million units, a year-over-year (y/y) increase of about 3.1% from its 2024 outlook. It expects that sales of Daihatsu Motor Co., Ltd. and Toyota Motor Corporation will increase and exceed the 2024 figure for the first time in two years. While energy and commodity prices have been high and there are concerns about the future of consumption, the “Japan Mobility Show” will be held in 2025. New vehicl...

News  Updated at: 2025/01/06

will conduct comprehensive strategic cooperation in areas such as green transportation solutions, New Energy equipment operations, and energy supply to develop green logistics. Farizon will combine its advanced New Energy and methanol-hydrogen technologies with Xiamen Xiangyu’s advantages in bulk commodity operations and logistics scenarios to promote the use of methanol-hydrogen or electric commercial vehicles and bolster the green and low-car...

News  Updated at: 2024/09/13

North American auto industry on alert as Canada railroads shut down The North American auto industry faces a potential crisis as Canada’s two major freight railroads, Canadian National and Canadian Pacific Kansas City Southern, on August 22 locked out nearly 9,000 Teamster members who run the trains, thereby, halting the rails in Canada. Vehicles and auto parts are the top commodity transported by rail between the U.S. and Canada, reaching USD ...

News  Updated at: 2024/08/24

e and transfer sodium-ions faster, and with lower internal resistance than any other commercial battery on the market. The company’s battery chemistry presents zero strain during charging and discharge, 10x faster cycling than traditional lithium-ion batteries, and 50,000+ cycle life.  Made from commodity materials including aluminum, iron, manganese, and sodium electrolyte, Natron’s cells, modules, and battery requires zero lithium, cobalt,...

News  Updated at: 2024/08/20

quarter increased to INR 37,713 million, up 68.7％ from INR 22,355 million during the same period last year and the net profit for the quarter increased to INR 36,499 million, up 46.9% from INR 24,851 million in Q1 FY24.  The company was able to increase its net profit on account of softening of commodity prices, cost reduction efforts, favorable operating leverage and favorable foreign exchange movement. Additionally, the company sold 521,868...

News  Updated at: 2024/07/31

wth of 19.9% over the net sales of INR 1,125,008 million in FY2022-23. The company achieved a net profit of INR 132,094 million in FY2023-24, 64% higher than the net profit of INR 80,492 million in FY2022-23. The company was able to better its net profit on account of higher sales volume, favorable commodity prices, cost reduction efforts and higher non-operating income. The company sold a total of 2,135,323 vehicles during the year, a growth of ...

News  Updated at: 2024/05/08

, and telecom. Natron’s patented Prussian blue electrodes store and transfer sodium-ions faster, more often, and with lower internal resistance than any other commercial battery on the market, with 10x faster cycling than traditional lithium-ion batteries, and an over 50,000 cycle-life. Made from commodity materials including aluminum, iron, manganese, and sodium electrolyte, Natron’s cells, modules, and battery represent an environmentally a...

News  Updated at: 2024/05/02