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Europe's shift to electric vehicles picking up despite recession 2020-07-20

MercedesBenz Vision EQS electric car attracts attention at the 2019 Frankfurt Motor Show. [Photo provided to China Daily]FRANKFURT-The coronavirus has cancelled business plans all over the world but Europe's push into electric cars isn't one of them. Sales of battery-pow...

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China's auto market maintains recovery momentum in June 2020-07-17

New vehicles are ready to be delivered to distributors at an automobile port in Dalian, Liaoning province, on March 26, 2020. [Photo/Xinhua]China's auto market maintained recovery momentum last month, with both production and sales registering double-digit growth, industry da...

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The value of modern distribution 2020-07-16

In 2020 EFDA celebrates its 20th anniversary of representing the interests of fastener distributors at European and global level – bringing together active and established national associations and a growing number of independent distributors in other European countries.In ...

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TR Responds to Unprecedented Global Sheet Metal Fastener Demand 2020-07-15

The outbreak of the Covid-19 pandemic created a surge in global demand for medical equipment, with the subsequent knock-on effect of a huge demand for sheet metal fasteners, specifically for those companies producing essential equipment, including ventilators. International speci...

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Handan, a fastener market you can't ignore! 2020-07-14

Known as "The fastener Capital of China" in the fastener industry, Handan Yongnian is the largest distribution center for the production and sales of standard parts in China.After years of development, Yongnian industry chain has formed a complete industrial chain from ...

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China's rail freight transport up 3.6% in H1 2020-07-13

A China-Europe freight train pulls out of Alataw Pass in northwest China's Xinjiang Uygur Autonomous Region, April 12, 2020. (Xinhua/Sadat)China's rail freight transport volume, an indicator of broad economic activity, rose 3.6 percent year-on-year in the first half of th...

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German carmaker Daimler to acquire stake in Chinese battery cell manufacturer Farasis 2020-07-10

Hubertus Troska, Daimler board member for China operations, presents Mercedes-Benz's electric EQC SUV at the Shanghai auto show in 2019. [Photo provided to China Daily]Daimler would expand its partnership with the Chinese battery cell manufacturer Farasis Energy (Ganzhou) and...

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Vietnam imports less steel in first 6 months 2020-07-09

Vietnam spent more than four billion U.S. dollars importing roughly 6.8 million tons of steel and iron in the first six months of this year, down 16.3 percent in value and 5.4 percent in volume against the same period last year.The major market supplying steel and iron to Vietnam...

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S.Korea's imported car sale jumps 41.1 pct in June 2020-07-08

South Korea's imported car sale jumped in double figures last month on a temporary tax cut for vehicle purchase and the rollout of new models, industry data showed last Friday.The number of foreign luxury cars sold here was 27,350 in June, up 41.1 percent from the same month ...

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Boost confidence to expand new markets 2020-07-07

Many traditional foreign trade enterprises have accelerated digital transformation, given full play to the traction role of cross-border e-commerce and other new forms and models, and achieved growth against the trend. To cushion the blow of the COVID-19 pandemic, the organizing ...

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