[South African Ports Authority plans to invest$570 million in port infrastructure]South Africa's Transnet National Port Authority plans to invest around $566 million over the next seven years in various infrastructure facilities in East London, Port Elizabeth and Ngula. Ports of Nelson Mandela, Elizabeth and Ngula will receive $299 million in investment, while East London will receive the remaining approximately $268 million. The first investment of around R570 million will take place in the 2022/2023 financial year. TNPA's latest investment plan aims to realign South African port operator Transnet with other key economic sectors. Editor/Xing Wentao
This factory will start construction in November 2023, setting an industry speed of "two years of completion and production". The initial annual production capacity will reach 16GWh, and it is planned to gradually expand to 50GWh before 2030, which can meet the battery demand of about 300000 electric vehicles per year. In addition to breakthroughs in scale, the project has also built a diversified shareholder ecosystem - jointly initiated by European innovation energy agency EIT InnoEnergy and Schneider Electric, with Renault Group holding 10% of the shares and becoming a core customer, and industrial capital such as Kaijie and Arkema deeply participating, forming a closed-loop system of "technology research and development+whole vehicle support+supply chain guarantee".Editor/Bian Wenjun
The congested sea routes and pressure on Black Sea transportation have brought unprecedented strategic opportunities to a logistics channel spanning the Caspian Sea. Recently, consultations between China and Azerbaijan on the construction of transportation corridors have entered an accelerated stage, and the convergence and resonance of the two strategies are opening up a safe and efficient new trunk line for cross-border trade between Asia and Europe.Editor/Bian Wenjun.Editor/Bian Wenjun