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News Analysis: Chinese partnership helps Spain strengthen EV value chain-Xinhua

MADRID, Oct. 4 (Xinhua) -- Spain builds more than 2 million vehicles a year as Europe's second-largest vehicle producer, but many decisions shaping its automotive industry are made abroad. With Volkswagen considering a possible phase-out of its Spanish brand SEAT after 2030, a new battery partnership with China's Gotion High-Tech highlights Spain's efforts to secure its place in the electric-vehicle value chain. Volkswagen Group, its battery unit PowerCo and Gotion announced on Sept. 28 that Gotion will invest around 1.1 billion euros (1.29 billion U.S. dollars) for a 49-percent stake in PowerCo's battery-cell plant in Sagunto, eastern Spain. PowerCo will retain 51 percent, with the venture intended to be jointly managed and operations to start in 2027. Jose Diez, second vice president...

Sri Lanka police to strengthen security at apartment complexes following reports of drug trafficking-Xinhua

COLOMBO, Oct. 3 (Xinhua) -- Sri Lanka Police said Friday that it will strengthen security at 24 apartment complexes in and around Colombo, following reports of drug trafficking and damage to public property. The apartment complexes are part of Colombo's housing program, the Urban Regeneration Project. Police said drug trafficking and damage to common property had been reported around some of the housing complexes. Local authorities said they will establish police posts where necessary, increase regular patrols and take strict legal action against those involved in damaging public property. ■ Source link