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New Delhi1 hour ago
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The direct impact on the export of valuable metals (rare economy) from China has begun to appear in the auto industry in the world. Maruti Suzuki’s main company Suzuki Motor Corporation has announced its popular model Swift production in Japan.
At the same time, many auto companies in Europe and Japan have stopped production or have come to a stop at any time. These include companies like Ford, Nissan, BMW and Mercedes. It will also affect the Indian automobile sector. So next week an Indian team will go to China.
Auto Parts have to stop production in the absence of
- According to a Reuters Asia report, Swift’s production ban began on May 26, which will continue till June June. However, the production of its sports model will continue. Suzuki did not officially give any reason behind it, but the report showed that the company had taken the move due to the lack of auto part due to the valuable metal ban by China.
- Nissan says they are looking for measures to address the situation with the Japanese government. “We need to find options for the sources of our future supplies to find options and maintain flexibility,” said Nisan chief executive officer Ivan Aspinosa.
- According to the European Automotive Supplys Association (CLEPA), Ford temporarily closed its Chicago Assembly line for the explorer SUV in late May and European suppliers also started their activities.
- Jorgar Berger, the head of the Mercedes-Benz production, said, “He is constantly talking to suppliers and considering storing the main components.
- BMW has admitted that some of its supply chains are already being damaged. The company is monitoring the rising risk and talking to sellers to prevent major damage.
Although companies like Mercedes and BMW do not directly produce the sources of rare metals, their tear -1 suppliers use these metals on electric motor and hybrid systems. As a result, they face lack of material.
The production of cars is being damaged worldwide.
Indian delegation will go to China next week India will send China a high -level representative to China next week, including the Society of Indian Automobile Manufacturers (SIAM) and representatives of the Automotive Component Manufacturers Association of India (ACMA). The party will contact Chinese officials for rapid approval for the run of the rare economy, which is necessary for automotive industry. At the same time, the Indian Foreign Ministry is busy solving supplies through the Indian Embassy in Beijing.
If China’s restrictions go on, EV will be expensive
If China’s restrictions remain, it will see its impact on the worldwide electric vehicle -making companies. The price of raw material will increase, which can also increase the price of train. The impact of this will gradually be seen in all markets including India. Experts in India have warned that the production of electric and ice vehicles may stop if import from China is not soon started.
China participates in about 70% of the mines of rare materials Let’s find out that China is about 70% in the mining of rare materials at the global level and up to 90% of the production. China recently banned export of 7 valuable metals (rare economy) in the US growing trade war.
China has also shut down the magnets of the magnetic need to combine in cars, drones and robots and missiles. These materials are very important for automobile, semiconductor and space business.
Export will only be done through special permits April 4, China has issued orders to ban the export of these 7 valuable metals. According to the order, these precious metals and special magnets made from them can only be sent out of China with special permission.
To order magnets from China, companies have to give ‘last-use certificate’. It should be noted that these magnets are not for military purposes.
Why did China ban? According to a Reuters report, China’s move also shows its dominance among mining people. Also, China has been shown to benefit from China in the ongoing tariff war with US President Donad Trump.
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