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Nikkei: Nidec to build $715M e-axle plant in Mexico

Green Car Congress

The Nikkei reports that Japan-based motor maker Nidec is planning to invest an estimated ¥100 billion (US$715 million) to build an e-axle plant in Mexico. The planned Mexico plant would be responsible for delivering part of the remaining 1.3 The company plans to be capable of building an annual 7 million e-axles by March 2026.

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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

Green Car Congress

The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. million b/d since the start of 2020, contributing 184,000 b/d to the global decline in 2021. million b/d in 2023.

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ZF opens state-of-the-art technology centre in Mexico | Autocar Professional

Baua Electric

Global technology company ZF officially opened the campus that will house four corporate function hubs for North America and the company’s first R&D centre in Mexico, on April 4, 2024. It is the first multi-functional and multi-divisional campus for ZF in Mexico. This investment is a win-win.

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Rane (Madras) opens new facility in Aguascalientes, Mexico, for steering parts – ET Auto

Baua Electric

The first business for this facility is an order for supply of inner and outer ball joints to a leading automotive tier-1 for an upcoming electric vehicle platform of a leading American OEM. The company selected Aguascalientes because of its strategic location in the heart of Mexico.

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Biden authorizes release of more than 180M barrels of oil from Strategic Petroleum Reserve; 1M bpd for 6 months

Green Car Congress

The US and other member states of the International Energy Agency (IA) agreed earlier in March to release 60 million barrels of oil reserves to compensate for supply disruptions following Russia’s invasion of Ukraine, with the US supplying 30 million. President George H. Bush authorized a drawdown of 33.75 President George W.

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Posco begins derisking rare earth permanent magnet supply chain | Autocar Professional

Baua Electric

Posco International, which is looking to de-risk its supply chain for rare earth permanent magnets from China, has announced that it has bagged large-scale orders through its overseas subsidiaries. The supplied permanent magnets will be mounted on the drive motors of the company’s new mid- to large-sized electric vehicle models.

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U.S. Warns Spring Breakers Headed to Mexico, Jamaica or the Bahamas

Baua Electric

Nonetheless, she has taken new precautions for her upcoming trip, like packing additional health supplies and purchasing a security bar for the sliding balcony door of her hotel room. Embassy in Mexico reiterated precautions outlined in a State Department travel advisory, last updated over the summer, issued because of crime and kidnappings.

Jamaica 52