Fortescue plans to open battery factory in UK

Fortescue plans to open battery factory in UK

WAE Technologies, a British subsidiary of Australian mining giant Fortescue, announced plans on Wednesday to open an electric vehicle battery factory in the UK, a day after a similar project collapsed, dealing a severe blow to car electrification in the country. The WAE Technologies factory is due to open in April in Kidlington, near Oxford, … Read more

a small recovery in industrial production in November

a small recovery in industrial production in November

Industrial production rose slightly in Germany in November, easing earlier fears of a slowdown in the face of feared gas shortages, but the outlook for the start of the year remains grim, official figures showed on Monday. The manufacturing sector produced 0.2% more over the month in seasonally adjusted data after a weak start to … Read more

gas consumption fell by 14% in 2022

gas consumption fell by 14% in 2022

Gas consumption in Germany fell by 14% last year compared to the average of the previous four years, which thanks to mild weather and calls for sobriety helped ward off the specter of shortages. “Temperatures had a major influence on gas consumption“, said Friday in a press release Federal Network Agency, which publishes this annual … Read more

car sales for 30 years

car sales for 30 years

New car sales in the UK plunged to a 30-year low in 2022 due to parts shortages and supply chain problems, according to industry body SMMT. Some 1.61 million new cars were registered in Britain last year, 2% less than in 2021, according to preliminary figures released on Wednesday 4 January by the SMMT, the … Read more