🔊 Take heed to this RusAutoNewsCom.- In keeping with Sergey Chemezov, the pinnacle of the state company Rostec, the corporate intends to promote eight% of its shares in “Alliance Rostec Auto BV” to the three way partnership associate Renault, and cut back its shares from 33% to 25%. The funds acquired from the gross sales, greater than 10 billion roubles (roughly $155 million), can be invested within the growth of Avtovaz, stated Chemezov. He added that Renault will make investments about thrice greater than Rostec. As reported beforehand, Alliance Rostec Auto BV, which is a three way partnership of Renault and Rostec registered within the Netherlands, has change into the only shareholder of Avtovaz as of 31 December 2018.
Tag: Russia Auto News
Jun 13 2019 by Kevin Bright
Jun 12 2019 by Kevin Bright
🔊 Take heed to this RusAutoNewsCom. – Russian truck market has declined 17.eight% in Might 2019 compared with the identical interval of the earlier yr. Based on Autostat 5,023 new vans have been bought in Russia in Might. Kamaz has stored the management of the market, with 30% share in whole. The gross sales determine of the model is equal to 1,492 models, which signifies a 22.2% year-on-year fall. The chief is adopted by GAZ with 540 autos and 14.four% year-on-year fall. The highest-three is accomplished by Volvo with 441 models and 18.eight% year-on-year fall. Kamaz 65115 was the best-selling mannequin in Might 2019 with 418 models and 17.7% year-on-year rise. Volvo FH was the best-selling overseas mannequin in Might with 306 models bought. Russian truck market: High 10 best-selling truck manufacturers in Russia in Might 2019 (>three.5t): High 10 best-selling truck fashions in Russia in Might 2019 (>three.5t):
Jun 12 2019 by Kevin Bright
🔊 Take heed to this RusAutoNewsCom.- The Russian LCV market has amounted to 7,551 models in Might 2019, indicating a 20.6% year-on-year lower, as reported by Autostat. The standard chief of the market GAZ has stored its place, with 46% market share in whole in Might 2019. GAZ has offered three,466 autos, which signifies a 16.5% year-on-year fall. UAZ occupies the second place, reaching a gross sales determine of 1,231 models. The highest-three is accomplished by Lada with 1732 models. Ford and Volkswagen got here fourth and fifth respectively. Gazelle Subsequent was once more the best-selling mannequin in Might 2019 adopted by GAZ 3302 and Ford Transit. Russian LCV market: High 10 best-selling LCV manufacturers in Might 2019 in Russia : High 10 best-selling LCV fashions in Might 2019 in Russia : *) Figures embody: LCVs < 3t, mild responsibility vans < 6t, passenger transporters < 19 seats
Jun 10 2019 by Kevin Bright
🔊 Take heed to this RusAutoNewsCom.- Car manufacturing in Russia has been elevated inside the first 4 months of 2019. In line with ASM Holding information, 618.1 thousand transport automobiles (vans, vehicles, buses) have been manufactured inside the January-April interval of 2019, which is equal to a 9.1% year-on-year rise. Passenger vehicles manufacturing has elevated by four% year-on-year in the course of the aforementioned interval, with 530.four thousand models. The output of international model vehicles in Russia went up 1.eight% to 382.7 thousand automobiles. LCV manufacturing has additionally grown in the identical interval, by 1.four% to 33.eight thousand models. Truck output, together with mild vans, has fallen by 2.9% by the top of the January-April interval of 2019, amounting to 43.eight thousand models. The output of international model vans in Russia went down by four.6% to eight.1 thousand models. Bus manufacturing, together with microbuses, has decreased by 10.four% in....
🔊 Hearken to this RusAutoNewsCom. – As introduced by the AEB Vehicle Producers Committee, Russian automotive market has decreased by 6.7%, or by 9,901 models year-on-year in Could 2019, and amounted to 137,624 automobiles. Inside the first 5 months of this yr: 692,870 vehicles have been bought in whole (-2.2%). Joerg Schreiber, Chairman of the committee commented: “No excellent news from the automotive market in Could, as a substitute a virtually 7% drop in gross sales quantity: probably the most noticeable year-on-year loss in over 2 years. After all, it could possibly be stated that the extraordinary heat climate this yr will not be serving to retail gross sales, as many individuals spend extra time than common away from the large cities and their buying malls. The principle motive of the present pattern nevertheless stays a weaker retail demand, pushed by macroeconomic elements similar to rising family prices within....
The Ministry of Business and Commerce has accepted the Particular Funding Contracts of Sollers and Toyota
🔊 Take heed to this Autostat.- The Interdepartmental Fee of the Russian Ministry of Business and Commerce on Particular Funding Contracts (SPIC) has taken a call to assist the tasks of Sollers and Toyota on June four. The phrases of each accepted SPICs are scheduled till the top of 2028, as acknowledged by the press workplace of the ministry. As famous, the approval of the tasks is not going to solely allow a secure long-term progress in automobile manufacturing, but in addition present further orders for automobile part producers. Sollers plans to implement the venture on the event of the manufacturing of the brand new mannequin strains of UAZ and Ford Transit in Ulyanovsk area and Tatarstan, on the premise of Ulyanovsk Vehicle Plant and Ford Sollers Elabuga. The investor will organise the cooperation of UAZ, UAZ Automobile Elements, Ford Sollers Elabuga and RosALit Foundry within the venture. The....
🔊 Hearken to this TASS.- Ford Sollers has ended automobile manufacturing in Naberezhnye Chelny plant, the place it manufactured Fiesta and Ecosport fashions. Engine manufacturing has additionally been discontinued in Elabuga, as reported by the corporate press workplace. It’s assumed that the corporate could have discontinued automobile manufacturing in Russia by the tip of June. “Manufacturing facility closure is a a number of stage course of. Car checks and their cargo will begin following the tip of manufacturing, as a preparation for full closure” – as reported. As acknowledged beforehand, Ford Sollers has introduced its intention to discontinue automobile manufacturing in Russia by the tip of June 2019, on March 27. The automobile vegetation in Vsevolozhsk in Leningrad area and Naberezhnye Chelny can be closed, alongside the engine manufacturing facility in Elabuga, Tatarstan. An up to date three way partnership can be created on the premise of the earlier....
Jun 06 2019 by Kevin Bright
🔊 Hearken to this NAPI.- In keeping with Russian Automotive Market Analysis knowledge, the Russian new trailer and semi-trailer market have grown by 5.1% year-on-year throughout the January-April 2019 interval, reaching 9230 items. Schmitz has turn out to be the chief of the brand new trailers marketplace for the aforementioned interval, with a gross sales determine of 1,160 items, which signifies a 9.four% improve compared with the identical interval of the earlier yr. The market share of the model has reached 12.6%. Tonar has additionally elevated gross sales by 56.9% to 910 autos by the tip of the primary quarter of the yr. The gross sales of Krone, which is likely one of the top-three manufacturers, have shrunk by 1.7%, however. Other than Krone, one other 4 top-ten manufacturers have skilled shrinkage in new trailer gross sales: Nefaz, Koegel, Wielton and Sespel.
Jun 05 2019 by Kevin Bright
🔊 Take heed to this Autostat.- The new Haval automobile manufacturing facility will open at Uzlovaya Industrial Park in Tula on 5 July 2019. The brand new Haval F7 crossover will develop into the primary Russian manufacturing mannequin and the potential bestseller of the model. The total body H9 SUV can even roll off the conveyors of the ability in future, alongside the brand new Haval F7x coupe-crossover. As one could bear in mind, the development of the plant began on an space of two.16 million m2 (216 hectares) in Autumn 2015. The overall quantity of funding within the challenge is roughly $500 million, as said by the press workplace of Havel Motor Rus. The annual manufacturing capability of the ability might be 80,000 cars on the first stage. The utmost capability of 150,000 autos per 12 months is deliberate to be reached on the following stage. The power....
Press launch: Busworld – Central Asia 2019 / 25-27 June 2019 in Almaty www.busworldcentralasia.org Promising mixture of worldwide and native bus & coach producers at Busworld in Kazakhstan. The primary version of Busworld Central Asia will probably be held in Almaty, Kazakhstan, from 25 to 27 June 2019 within the Atakent Worldwide Exhibition Middle. Almaty is the biggest metropolis on this huge nation. Kazakhstan is the hub of different neighbouring “stan” international locations corresponding to Uzbekistan and Turkmenistan and the hyperlink between China and Europe by way of the ‘Silk Highway’ connection. Kazakhstan was previously a part of the Union of Soviet Socialist Republics (USSR) and its public transport techniques had been intently modelled on these of Russia. The nation relied closely on Russia for buses and that continued for a number of years after the dissolution of the Soviet Union in 1991. Kazakhstan is a large nation and has....
🔊 Hearken to this Autostat.- BMW is on the point of signal a SPIC, in accordance with which, a manufacturing facility can be in-built Russia, beneath very beneficial situations by way of logistics location. The corporate plans to assemble the plant on the SEZ within the city of Khrabrovo in Kaliningrad area. To start with, the enterprise can be positioned at a really handy place by way of logistics. The gear and meeting parts can be equipped by means of maritime transport. Secondly, the producers within the SEZ are eligible for sure monetary advantages for the primary six years of their operations. The deliberate manufacturing capability of the power is 35,000 vehicles per 12 months, which is per the gross sales quantity of BMW in Russia final 12 months. The development of the plant will value between $270 million and 290 million, in keeping with the calculations of the....
The federal government has accepted a brand new construction for entry to state help within the automotive business
🔊 Take heed to this Kommersant.- The federal government has adopted new guidelines on accession to state help within the automotive business, within the type of a scoring system primarily based on the calculation of localisation of the automobiles, accepted by the Decision No 661 of Could 25. Specifically, the doc establishes the brink for entry to SPIC, giving tax advantages in return for funding. Based on the vice-PM Dmitry Kozak, all producers should signal the SPIC by July as a way to achieve entry to industrial subsidies (de facto compensation of utilisation charges), with out which, manufacturing in Russia can be unprofitable. Nevertheless, the deadline has not been given but. In accordance, the traders, who plan to signal the SPIC after July 1, will probably be obliged to gather a minimal variety of 7,000 factors for 90% of the manufactured automobiles in any of the years of the....
Jun 03 2019 by Kevin Bright
🔊 Take heed to this Autostat.- Rolls-Royce gross sales in Russia has amounted to 20 autos in April 2019, which signifies 100% year-on-year rise. 60% of the Rolls Royce gross sales belongs to the SUV Cullinan: 12 models. As well as, 6 coupe Wraith and a pair of Phantom sedans have hit the Russian roads in April. 16 models or 80% of the vehicles have been bought in Moscow and the encircling area in April. The capital is adopted by St Petersburg, Krasnodar, Kamchatka and Primorskiy Kray, every 1 automobile.
May 30 2019 by Kevin Bright
🔊 Take heed to this RBK.- The primary E-Class sedan collection has rolled off the manufacturing strains of the Russian plant of Mercedes-Benz. As reported by the press workplace of the German model, the vehicles, that are assembled within the Yesipovo plant in Larger Moscow, will probably be outfitted with 9-speed computerized gearboxes and both 197 hp petrol or 194 hp diesel engines. The sedans made for the Russian market had efficiently handed the crash assessments in Germany. The automobiles have acquired the best marks in passive security from German engineers, because of the assessments. The manufacturing of GLC, GLE and GLS crossovers and SUVs will begin within the Russian plant of Mercedes-Benz within the close to future. The Mercedes automobiles will probably be manufactured in full-cycle in Russia. The ability may have a physique and a paint store. The manufacturing facility has been constructed on an 85 hectares....
🔊 Take heed to this Autostat.- Russian bus market (excluding LCVs) has amounted to 1.four thousand automobiles in April 2019, following a 17.1% year-on-year development. PAZ has develop into the chief of the market, with 50% share of the overall quantity. 708 PAZ buses have been bought, indicating a 34.9% year-on-year rise. LiAZ occupies the second spot with 319 items (-6.2%) and NefAZ comes third with 116 items (+110.9%). The small-class, high-floor PAZ-3205 has develop into the best-sold mannequin inside the aforementioned interval, with a gross sales determine of 347 items (+42%).
🔊 Hearken to this Autostat.- BMW is on the point of signal a SPIC, in accordance with which, a manufacturing unit will probably be inbuilt Russia, beneath very beneficial situations by way of logistics location. BMW plans to assemble the plant on the SEZ within the city of Khrabrovo in Kaliningrad area. To begin with, the enterprise will probably be situated at a really handy place by way of logistics. The gear and meeting elements will probably be equipped by means of maritime transport. Secondly, the producers within the SEZ are eligible for sure monetary advantages for the primary six years of their operations. The deliberate manufacturing capability of the ability is 35,000 cars per 12 months, which is in keeping with the gross sales quantity of BMW in Russia final 12 months. The development of the plant will value between $270 million and 290 million, based on the....
🔊 Hearken to this Finmarket.- The French automotive producer Renault is engaged on the localisation technique of engine and gearbox manufacturing for Arkana crossovers in Russia, which shall be manufactured on the Moscow plant of the corporate, as acknowledged by the knowledgeable of Renault merchandise within the Eurasian area: Anatoli Kalitseev through the presentation of the mannequin. “The car is already beneath manufacturing at our plant in Moscow. The annual manufacturing capability of the plant is over 200,000 cars. We are going to produce as a lot as we will promote sooner or later, by no means saying the deliberate manufacturing figures beforehand. The localisation fee of the manufacturing of the car, then again, is over 60% even at this preliminary stage. The elements in query are all of the physique elements and the overwhelming majority of inside elements” – Kalitseev stated, including that Renault makes use of not....
May 28 2019 by Kevin Bright
🔊 Hearken to this RusAutoNewsCom.- As introduced by the Kamaz press ofice, the opening of a brand new cabin manufacturing plant in Naberezhnye Chelny has grow to be a turning level within the historical past of cooperation between Kamaz and Daimler. The three way partnership of the 2 firms “Daimler Kamaz Rus” will perform the manufacturing course of. The annual capability of the manufacturing unit will probably be 55,000 cabins. The cabin carcasses will probably be delivered to the meeting line of Kamaz and the meeting manufacturing of Mercedes-Benz vehicles will happen in Naberezhnye Chelny. 700 new jobs will probably be created with the operational commissioning of greater than 60,000 m2 manufacturing space to the brand new enterprise. The manufacturing course of could have the very best automation stage in Russia. There will probably be welding and portray outlets, logistics and energy centres inside the territory of the enterprise.....
May 27 2019 by Kevin Bright
🔊 Hearken to this Rossiyskaya Gazeta.- The meeting manufacturing venture of Ravon vehicles at Derways manufacturing unit in Cherkessk has been authorised inside the framework of the financial cooperation with Uzbekistan. The related assertion has been made by the pinnacle of Karachai-Cherkessk Republic: Rashid Temrezov throughout a gathering of the native MPs. “The manufacturing unit plans to launch the meeting manufacturing venture of Ravon vehicles within the second half of the yr” – Temrezov mentioned, as printed by the official web site of the republic’s administration. Temrezov has acknowledged that the manufacturing unit is at present coping with the certification technique of manufacturing. As one might bear in mind, the power remained idle since 2018, when the house owners confronted numerous authorized inquiries, because of which, the manufacturing of enormous firms comparable to Lifan and Chery was interrupted in Cherkessk.
May 26 2019 by Kevin Bright
🔊 Take heed to this RNS.- Ford Sollers three way partnership will retain its vendor community after leaving the automobile enterprise in Russia, as reported by the corporate press workplace. In response to the assertion, the corporate has obtained greater than 100 functions from the vendor centres for the continuation of partnerships. Over 85% of the official sellers have expressed their need to proceed working with the model, within the type of Transit or service centres. Ford Sollers has introduced the discontinuation of automobile manufacturing in Russia as of July 2019 on 27 March, alongside the gross sales of the car vegetation in Naberezhnye Chelny and Vsevolozhsk and the engine plant in Alabuga. Ford doesn’t plan to promote overseas meeting vehicles in Russia. The three way partnership will focus on the industrial automobiles market sooner or later.
May 26 2019 by Kevin Bright
🔊 Hearken to this RNS.- The State Duma will talk about the draft federal regulation on a brand new mechanism for the help of personal funding “Particular Funding Contract 2.zero” (SPIC 2.zero) at its first assembly on 28 Might 2019, as advised by the Russian Minister of Business and Commerce Denis Manturov. “The improved SPIC mechanism will give attention to the event and switch of know-how. In reality, the precedence will shift from the answer of fundamental funding issues in direction of the event and switch of recent technological improvements. The aggressive choice shall be carried out on the rules of publicity throughout the framework of the brand new mechanism, whereas eliminating the entry threshold for the minimal quantity of funding and the utmost time period of the SPIC will improve to 20 years” – stated Manturov, as reported by the press workplace of the ministry. The ministry is of....
May 25 2019 by Kevin Bright
🔊 Take heed to this RBK.- The brand new compact crossover of Volkswagen, which is manufactured on the idea of Skoda Karoq, might be bought in Russia underneath the identify of Tharu. The related assertion has been made through the presentation of the auto in Argentina. The brand new car might be manufactured on the GAZ plant in Nizhny Novgorod. The meeting of the crossover will begin in 2020. The car is out there in China with a 116 hp 1.2 litres petrol engine, in addition to a 150 hp 1.four litres capability. The mannequin vary additionally features a 2.zero litres 190 hp model. The engines are mixed with a seven-speed robotic gearbox with two clutches. The autos are solely out there in front-wheel drive variations. Volkswagen has bought 9551 vehicles in Russia in April, in line with AEB knowledge. The determine is equal to a 7% year-on-year development.....
May 24 2019 by Kevin Bright
The Ministry of Business and Commerce will contact the federal government to resolve the difficulty of state help to GAZ Group
🔊 Take heed to this TASS.- The feasibility of state help for GAZ Group, which is underneath US sanctions, via the acquisition of autos for presidency businesses could also be assessed within the second half of the yr. The Ministry of Business and Commerce will contact the federal government beforehand, concerning the necessity to buy extra autos for presidency departments, as advised by the minister Denis Manturov to journalists. “The corporate presently operates at a traditional tempo. Authorities purchases, however, happen in the course of the second half of the yr as a rule, when automobile buy necessities of the departments are decided extra clearly. Due to this fact, we are going to work out a abstract of the necessities of all of the departments, earlier than contacting the federal government almost about the top-up procurement of ambulances and faculty buses. Nevertheless, we’re engaged on the topic for the....
May 23 2019 by Kevin Bright
🔊 Hearken to this TXT.- Kaliningrad Avtotor plant has began the serial manufacturing of the brand new era of the Ford Vehicles F-Max street tractors. The autos are outfitted with 12.7-litres, 500 hp Ecotorq diesel engines and 12-speed ZF Traxon computerized gearboxes. As one could keep in mind, Avtotor had launched the manufacturing of Ford heavy-duty vans in 2013. The manufacturing of the brand new fashions of Ford Vehicles street sequence has began within the plant final October with 1833 and 2533 fashions with four×2 and 6×2 formulae respectively, however, as an replace to the Ford 1832 and Ford 2532 lineup, which was beforehand offered on the Russian market. The 330 hp Ecotorq Euro-5 engines are the principle options of enchancment within the new fashions. The autos outfitted with 9-speed gearboxes have two lengths of wheelbases and two cabin variations: day and excessive double. The gross weights of the....
May 21 2019 by Kevin Bright
🔊 Take heed to this RusAutoNewsCom.- The Russian LCV market has amounted to 9,735 models in April 2019, indicating a 9.2% year-on-year lower, as reported by Autostat. The normal chief of the market GAZ has saved its place, with 45% market share in complete in April 2019. GAZ has offered four,385 autos, which signifies a 7.1% year-on-year fall. UAZ occupies the second place, reaching a gross sales determine of 1,523 models. The highest-three is accomplished by Lada with 1026 models. Ford and Volkswagen got here fourth and fifth respectively. Gazelle Subsequent was once more the best-selling mannequin in April 2019 adopted by GAZ 3302 and Ford Transit. Russian LCV market: High 10 best-selling LCV manufacturers in April 2019 in Russia : High 10 best-selling LCV fashions in April 2019 in Russia : Top-10-LCV-Models-APRIL-2019 *) Figures embody: LCVs < 3t, gentle obligation vans < 6t, passenger transporters < 19 seats
May 21 2019 by Kevin Bright
🔊 Hearken to this RusAutoNewsCom. – Russian truck market has declined 1.7% in April 2019 compared with the identical interval of the earlier 12 months. In accordance with Autostat 6,983 new vans have been bought in Russia in April. Kamaz has stored the management of the market, with 35% share in whole. The gross sales determine of the model is equal to 2,457 items, which signifies a 7.7% year-on-year rise. The chief is adopted by GAZ with 724 autos and seven.eight% year-on-year fall. The highest-three is accomplished by Volvo with 467 items and 14.eight% year-on-year fall. Kamaz 43118 was once more the best-selling mannequin in April 2019 with 560 items and 9.7% year-on-year fall. Volvo FH was the best-selling overseas mannequin in April with 367 items bought. Russian truck market: High 10 best-selling truck manufacturers in Russia in April 2019 (>three.5t): High 10 best-selling truck fashions in Russia in April....
May 13 2019 by Kevin Bright
🔊 Take heed to this RusAutoNewsCom. – As introduced by the AEB Car Producers Committee, Russian automotive market has decreased by 2.7%, or by 4129 items year-on-year in April 2019, and amounted to 148,296 automobiles. Throughout the first 4 months of this yr 539,946 automobiles had been bought in complete. Joerg Schreiber, Chairman of the committee commented: “Market gross sales in April once more struggled to catch as much as the robust outcome achieved on yr in the past. Clearly, the market in its present form is not any match to the one we noticed delivering constant double-digit development charges solely 12 months in the past”. Lada was probably the most populer model of the Russian automotive market in April 2019 with 32,316 items bought. Lada Granta was probably the most populer mannequin with 12,652 items bought in April. High 10 best-selling automotive manufacturers in February: 1-Lada. 2-Kia. Three-Hyundai.....
May 11 2019 by Kevin Bright
🔊 Take heed to this Autostat.- 124 new Mercedes-Maybach S-Class automobiles have been offered in Russia inside the first quarter of 2019. The determine signifies a 38% lower in gross sales year-on-year, down from 201 models. 92 models had been offered in Moscow and Grater Moscow in the course of the aforementioned interval. 7 models have been offered in St Petersburg and four models in Krasnodar. 21 models have been offered in 15 completely different areas of the Russian Federation. The gross sales value of the Mercedes-Maybach in Russia begins from greater than 9 million rubles, which is roughly $140 thousand as of at present.
May 08 2019 by Kevin Bright
🔊 Hearken to this Finmarket.- The web revenue of Avtovaz has amounted to five.9 billion rubles in 2018, in line with IFRS, in distinction with the lack of 9.7 billion rubles in 2017, as indicated within the firm statements. The income has risen by 26%, however, to 283.1 billion rubles. The working revenue margin has elevated by 9.2 occasions to 14.6 billion rubles. The price of services offered has grown by over 20% to 252.1 billion rubles. The analysis and improvement expenditures have risen to 2.95 billion rubles kind the 2017 determine of 1.5 billion rubles. 13.four billion rubles have been spent on gross sales, administrative and common enterprise bills throughout the aforementioned interval, which signifies an increase from the earlier 12 months’s 13 billion rubles. The index of the corporate’s long-term liabilities was on the stage of 64.5 billion rubles on the finish of final 12 months, down from....
May 05 2019 by Kevin Bright
🔊 Take heed to this Autostat.- 28 new Lamborghini autos have been offered in Russia throughout the first three months of 2019. The gross sales determine is equal to a 9 occasions year-on-year progress. It was three autos offered throughout the identical interval of 2018. Such a speedy progress was particularly noticeable, because it shaped a distinction with the shrinking luxurious autos market within the nation (-19%). Urus mannequin has change into the locomotive of Lamborghini gross sales with 24 items throughout the first quarter of the 12 months. As one could keep in mind, the posh Italian crossover has solely been launched to the Russian market throughout the second half of final 12 months. The remaining gross sales belong to sport automobile Aventador and supercar Huracan for the aforementioned interval with three and one items respectively, alternatively. Greater than half of the brand new Lamborghini autos have been....
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- Summer time vacation: Australia in midst of lengthy highway journey round England
- Summer season vacation: Australia in midst of lengthy street journey round England
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- Kickstarter Asks Creators to Be Extra Trustworthy
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- How you can Set Up a VPN on Your Router
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- The 7 Greatest Web sites to Examine Out New Music Releases
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- The 2019 free company interval will change the NBA panorama without end
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- Chiefs annihilate the disappointing Rebels to most actually qualify for the playoffs.
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- One of many corporations constructing an Uber air taxi took an unconventional strategy to designing its prototype (UBER)
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- Chalmers group develops optical nano-sensor for detecting air pollution
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- Volkswagen Auto News : Volkswagen to speculate ~US$1B in joint battery actions with Northvolt AB; buying ~20% of shares, JV for 16 GWh battery manufacturing unit
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