Cognitive Liberty MediaWiki 1.27.4 - User contributions [en]

Volkswagen Group To Suspend Production Warns Of Difficult Year

2021-05-31T12:22:34Z

WarnerLynas73:

FRANKFURT, March 17 (Reuters) - Volkswagen, [https://www.kynghidongduong.vn/tours/tour-trung-quoc-nam-ninh-truong-gia-gioi-phuong-hoang-co-tran-6-ngay.html kynghidongduong.vn] the world's largest carmaker, said it is preparing to shut down its factories as a way to curb the spread of the coronavirus and warned that 2020 will be a very difficult year. "Given the present significant deterioration in the sales situation and the heightened uncertainty regarding parts supplies to our plants, production is to be suspended in the near future at factories operated by Group brands," Chief Executive [http://www.purevolume.com/search?keyword=Herbert Herbert] Diess said on Tuesday. Production will be halted at Spanish plants, in Setubal in Portugal, [http://www.deer-digest.com/?s=Bratislava Bratislava] in Slovakia and at the Lamborghini and [https://www.kynghidongduong.vn/tours/tour-trung-quoc-nam-ninh-truong-gia-gioi-phuong-hoang-co-tran-6-ngay.html tour phượng hoàng cổ trấn] Ducati plants in Italy before the end of this week, he said. Most of the other German and European plants will begin preparing to suspend production, probably for two to three weeks, VW said. By contrast, production in China has been resumed with the exception of the VW factories in Changsha and Urumqi. Chief Financial Officer Frank Witter said, "2020 will be a very difficult year. The corona pandemic presents us with unknown operational and financial challenges. At the same time, there are concerns about sustained economic impacts." (Reporting by Edward Taylor Editing by Riham Alkousaa)

Millions Facing Winter Power Shortages In China As Coal Supply...

2021-05-31T02:50:06Z

WarnerLynas73:

China's rebound from the Covid-19 pandemic has been driven by energy intensive industries such as construction, heaping pressure on the power grid and coal supplies Tens of millions across China are facing power shortages in below-freezing winter temperatures, as three provinces impose curbs on electricity use due to surging demand and a squeezed coal supply. Residents, factories and businesses in Hunan, [https://www.kynghidongduong.vn/tours/tour-trung-quoc-nam-ninh-truong-gia-gioi-phuong-hoang-co-tran-6-ngay.html tour du lịch phượng hoàng cổ trấn] Zhejiang and Jiangxi provinces have been ordered to ration electricity with some areas citing a shortfall in coal supplies, according to local media reports and government notices. China's rebound from the Covid-19 pandemic has been driven by energy intensive industries such as construction, heaping pressure on the power grid and coal supplies, said Lauri Myllyvirta, lead analyst at the Centre for Research on Energy and Clean Air. Earlier this month, Hunan authorities ordered all billboards and outdoor lighting on buildings to power off for long periods each day and a temperature cap on indoor [http://blogs.realtown.com/search/?q=heating heating] at entertainment venues. Hunan faces a shortfall of 3-4 million kilowatts of electricity this winter, local officials admitted last week, as demand soars due to unusually cold weather that will hit as low as -10 degrees Celsius. Office workers in provincial capital Changsha complained on social media about being forced to climb dozens of flights of stairs and freezing indoor temperatures as a result of frequent power outages. "My office heating has already been stopped, and there were blackouts on December 1, 3 and 5. Temperatures will drop to minus 8 degrees around New Year's Day, will I freeze to death in Hunan?" one Weibo user wrote last week. Meanwhile in Zhejiang province, factories in the manufacturing hub of Yiwu have been told to stop operations and streetlights have been turned off at night as part of an emissions-saving drive by the local government, according to media reports and photos circulated on Weibo. - Supply 'largely stable' - China's top economic planner, the National Development and Reform Commission (NDRC), on Monday sought to reassure the public by saying the electricity supply is "largely stable", [https://www.kynghidongduong.vn/tours/tour-trung-quoc-nam-ninh-truong-gia-gioi-phuong-hoang-co-tran-6-ngay.html kynghidongduong.vn] and pledged to increase generation capacity and coal procurement. The power crisis points to the challenges fast-growing China faces in balancing the needs of its vast population with strict carbon emissions targets promised by its leadership. China -- by far the world's biggest consumer of coal -- is pivoting to [http://data.gov.uk/data/search?q=renewable%20energy renewable energy] sources to meet a pledge to peak carbon emissions by 2030 and [https://www.kynghidongduong.vn/tours/tour-trung-quoc-nam-ninh-truong-gia-gioi-phuong-hoang-co-tran-6-ngay.html tour du lịch phượng hoàng cổ trấn] reach carbon neutrality by 2060. Speculation has swirled online that the power shortages may be self-inflicted wound as a result of China's embargo of Australian coal, which has left ships stranded at ports, unable to offload large quantities of coal. However, Australian coal only made up about three per cent of last year's total coal imports of 265 million tonnes, according to data from the National Bureau of Statistics. "The Aussie ban only had little impact on China's thermal coal supply," said Yan Qin, carbon analyst at financial data service Refinitiv. "But China-Australia tensions have caused significant worries in the commodities markets, driving up domestic coal prices."

User:WarnerLynas73

2021-05-31T02:50:01Z

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