Beijing: A vehicle leasing enterprise in China on Monday signed a deal of $12 billion with a Chinese-Swedish vehicle company.
New Modern Energy Holding (NMEH) founded by Chinese and Swedish companies. Its Swedish investing party, National Electric Vehicle Sweden (NEVS), will produce 150,000 electric vehicles to China’s vehicle leasing company Panda New Energy based on Saab 9-3 sedan-platform by the end of 2020, Xinhua reported.
In addition, the deal also includes 100,000 electric vehicle products and services from companies associated to NEVS and its owner, according to the agreement.
Owned by Chinese investors, NEVS took over Swedish car manufacturer Saab’s assets and technologies after its bankruptcy in 2012.
NMEH, located at Binhai New Area of China’s Tianjin municipality, aims to produce blade and extended range electric vehicles with the support of NEVS, said Peng Jinchun, general manager of NMEH. (IANS), (image: ibtimes.com)
A federal appeals court on Friday rejected the Trump administration’s renewed bid to dismiss a lawsuit by young activists who say it is ignoring the perils of climate change.
By a 3-0 vote, the 9th U.S. Circuit Court of Appeals in San Francisco said the government fell short of the “high bar” needed to dismiss the Oregon case, originally brought in 2015 against the administration of President Barack Obama.
Twenty-one children and young adults accused federal officials and oil industry executives of violating their due process rights by knowing for decades that carbon pollution poisons the environment but doing nothing about it.
The government contended that letting the case proceed would be too burdensome, unconstitutionally pit the courts against the executive branch, and require improper “agency decision-making” by forcing officials to answer questions about climate change.
But the appeals court said the issues raised “are better addressed through the ordinary course of litigation.”
An earlier government bid to end the case failed in March.
The activists, whose ages range from preteen to the early 20s, are seeking various environmental remedies. A trial is scheduled for Oct. 29 in the federal court in Eugene, Oregon.