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CATL to Invest in EV Battery Plant in Hungary

By Samira Ha. on August 16, 2022

The Chinese battery manufacturer decides to invest over 7 billion dollars to build a battery plant in Hungary (the biggest across Europe). Announcing this recently, CATL (Contemporary Amperex Technology Co. Limited) is set to lay out $7.6 billion on the country. Building of 100-gigawatt-hour (GWh) battery plant in Debrecen, Hungary's second-largest city, is the largest foreign investment, CATL said. Also, another plant is under construction in the city by BMW, making it a flourishing location for electric vehicles and batteries.

Its construction, which will start after approvals, is believed to, at most, take 64 months.

The plant will provide automakers such as BMW, Stellantis, Mercedes-Benz and Volkswagen with battery cells. This is in line with Europe’s plan to rapidly boost its electric vehicles industry to respond to increasing demand for cell batteries and avoid potential supply bottlenecks.

Car makers including Tesla, Volkswagen, and Mercedes-Benz have already focused on promoting battery expansion programs in the continent to guarantee supply of vital cells and raw materials.

The Chinese investment will bring about a big progress in the company’s global status, said CATL’s founder Zeng Yuqun. Although there is conflict between the U.S. and China, the energy storage company is, additionally, planning to make batteries for auto companies like Ford Motor.

With a yearly capacity of 170.39 GWh in battery making from the end of 2021, CATL has a capacity of 140 GWh in progress. By 2025, the giant producer attempts to establish an overall annual capacity of 670 GWh.

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China's Auto Sales Jump After 5 Years

By Samira Ha. on August 14, 2022

Automobile sales in China saw a growth for the first time since 2017, which is somehow attributed to a rise in new energy vehicles’ (NEVs) sales, according to Wednesday’s industry data.

Total auto sales in the country increased 3.8% year-over-year as monthly sales (2.79 million cars) in the month of December caused overall sales to reach 26.28 million vehicles in 2021, shown by the China Association of Automobile Manufacturers (CAAM).

As the prospect for removal of chip shortage and high costs of raw materials blooms, it is predicted that this year auto production and sales will improve compared to the last year. China’s auto industry started shrinking as of 2018, despite several decades of boosting, as there were challenges including trade conflict between the U.S. and China and the pandemic outbreak.

China’s auto market rebound by the middle of 2020 was discontinued due to global issue of chip shortages, which also put a halt in car production throughout the world.

Last December, sales in China saw a decline of 1.6% versus a year earlier, which showed 8 successive monthly reduction, according to CAAM data. Sales of NEVs, however, climbed, a hike of 157.5% to 3.52 million units last year.

Only in December, 531,000 NEVs were sold in the market, 114% increase year-over-year.

CAAM’s last month prediction on auto sales was a jump of 5.4%, to 27.5 million units, in 2022. It also expects a 47% hike in NEV sales in the same year.

World’s auto competitors, like Tesla Automotive company, are focusing on appealing smart cars as electronic vehicle industry (EV) in China is growing fast. In the same front, Tesla last December saw a record 70,847 in sales of China-manufactured automobiles, revealed data from another China automobile association.

Volkswagen Vehicle manufacturer announced that in 2021 it couldn’t achieve its objective to sell 80,000 to 100,000 units of its ID battery electric series; it only sold 70,625 vehicles. However, the company attempts to possibly double its sales in 2022.

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Food Processing, Packaging Fair in Vietnam

By Samira Ha. on August 12, 2022

The international trade show for food processing, packing, held annually, is scheduled to open in Vietnam in August 11, 2022. ProPack Vietnam, which is the biggest fair in the field in Vietnam and Indochina, is a global venue for suppliers and manufacturers in the industries of food processing and food packaging to showcase their latest developments and promote their chance to have a better status in the market. Working on food and beverages processing and packaging, as well as printing and labeling, the prominent exhibition helps exhibitors display the most recent technology in the field.

 

ProPack Vietnam focuses on how diverse the visitors are, where they come from and their professional levels. Visitors in the industry join the trade fair from hotels, catering, restaurants, and those involved in food processing. the best thing about the show is that it is concurrent with the Vietfood & Beverage, yielding great results for food and beverage and packaging marketplaces. Attendees of the exhibition will be able to see food and drinks from raw materials, additives, and preservatives to production, processing, packaging and printing in one single event.

Attendees of the exhibition will be able to see food and drinks from raw materials, additives, and preservatives to production, processing, packaging and printing in one single event.

 

The 3-day long event will be held in Ho Chi Minh City from August 11-13, 2022. Public visitors along with the industry professionals can pay a visit.

 

Organized by VINEXAD JSC along with the Vietnam Association of Liquor, Beer and Beverage (VBA) and the Food and Foodstuff Association of Ho Chi Minh City (FFA), both shows are supported by the Ministry of Industry and Trade of Vietnam, its Ministry of Agriculture and Rural Development, as well as other trade promotion organizations in Vietnam and foreign countries.

 

Last time in 2019, the fair, at 15,000 square meters, included 650 booths with 550 exhibitors from 20 countries. In addition, 8 international pavilions were set up for countries including Poland, Taiwan, South Korea, India, Indonesia, China, Thailand and Vietnam. In 2021 the show was held online due to restrictions on the pandemic.

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International Beauty Expo in Malaysia, August 2022

By Samira Ha. on August 9, 2022

International Beauty Expo (IBE) is held in Kuala Lumpur Convention Centre, Malaysia, from August 11 until 14, 2022. The trade fair is a global venue where local and global beauty buyers and sellers meet up to communicate and develop the industry. The fair has been in place since 14 years ago. IBE has drawn over 30,000 professionals in the field with 1,000 exhibitors from 28 countries. So, it is regarded the biggest platform for beauty trades in Southeast Asia region. At the fair, the latest developments in beauty products, services, machines and technology are displayed to visitors.

The most recent trends in all aspects of beauty including hair, nail, cosmetics, health and wellbeing are showcased. Organized by Elite Expo Sdn. Bhd. the exhibition brings together marketing heads, marketing executives, manufacturers, wholesalers, importers and exporters to promote business networks. The B2B marketplace for beauty products is estimated to be attended by 5,000 visitors with 500 exhibitors.

Malaysia’s largest beauty fair for professional visitors is held annually. Alongside the exhibit, there are performances with make-up artistry, nail artistry, and hairdressing. Beauty artists have a chance to display their craftsmanship.

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