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Mercedes vows to produce electric vehicles by investing billion

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BERLIN: Mercedes will invest billions of dollars to modernise its plants in China, Germany and Hungary over the coming years, magazine Automobilwoche reported, as the carmaker prepares to switch to electric vehicles and cut emissions.

The European Union (EU) has set a goal to halve CO2 emissions per passenger car over their life cycle by the end of this decade compared to 2020 and is seeking agreement on a 2035 deadline to end the sale of fossil fuel cars.

Mercedes has said it will be ready to go electric by the end of the this decade, where market conditions allow.

“We are investing a three-digit million amount per plant for the run up,” production manager Joerg Burzer was quoted as saying by the magazine, adding that these investments will be at the plants in Beijing, Rastatt in Germany and Kecskemet in Hungary.

The carmaker will start work on the Rastatt plant over the coming months and will produce the first model of the compact vehicle platform MMA from 2024. The number of models produced there will be cut to four from seven, Burzer said.

In addition, Mercedes will invest a low single-digit billion dollar sum in modernising the painting systems at its Sindelfingen, Bremen and Rastatt plants in Germany.

The report said the modernisation aims to cut energy and water consumption, and the painting system’s reliance on gas, as opposed to carbon-free energy.

Mercedes is also considering expanding its US plant in Tuscaloosa, where it can benefit from government subsidies under last year’s Inflation Reduction Act, Automobilwoche said.

Burzer said Mercedes was ready to respond to any further changes in the regulatory environment.

“The framework conditions worldwide change again and again, we may have to react to that,” Burzer said.

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Punjab will provide fifty thousand solar kits.

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On Tuesday,Tuesday, while presiding over a review meeting on solar household solutions, the CM gave the order to begin the installation of one kilowatt solar systems right away. She also gave the order to introduce the newest solar systems.

Phase-I solar systems would be balloted for by 50,000 protected users who use 100 units each month, at a cost of Rs 12.6 billion.

Home-based solar systems will eventually be made available to other Punjabi consumers. A solar system will consist of a battery, inverter, sophisticated solar plate, and more related accessories.

Attending the meeting were Provincial Information Minister Azma Zahid Bukhari, MPA Sania Ashiq, Former Senator Pervaiz Rashid, Chief Secretary, Chairman Planning and Development, Secretaries of Energy, Finance, and Punjab Power Development Board (PPDB) Managing Director, in addition to other pertinent officers.

During his inaugural speech as Punjab’s chief minister, Maryam Nawaz outlined her five-year plan and promised to develop a strategy for customers who use fewer than 300 units of power.

According to Maryam Nawaz, the PML-N’s main goals for her term will be to provide jobs, healthcare, and education.

She said, “I am working on a plan to provide solar panels to consumers using up to 300 units of electricity or less in installments.”

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Pakistan

There will be free WiFi in public parks.

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The discussion on the province’s capital city’s beautification was chaired by Chief Minister Ali Amin Gandapur.

CM Gandapur gave the pertinent authorities instructions at the meeting to complete the arrangements and submit the free WiFi service plan for the province government’s approval.

In the following phase, he said, the service will be extended to more cities. In addition, the chief minister gave the Peshawar Development Authority instructions to create a beatification plan for the city.

The meeting voted to launch a Bus Rapid Transit (BRT) service on Nasir Bagh Road in the province capital with the goal of facilitating the easy mobility of the population.

CM Gandapur pushed for the installation of underpasses rather than overhead bridges and ordered the city’s street lights to be converted to solar power.

The chief minister gave the order to begin work on the road around the BRT Corridor at University Road as well as the building of the remaining section of Warsak-Nasir Bagh Road right away.

In order to promote KP’s culture, he also oversaw the installation of fake plants on all road walks and painted headbridges and walls with designs.

The chief minister of KP gave the order to approach business organizations for assistance in this respect.

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Pakistan

FM Ishaq Dar praises IAEA for using nuclear technology in a “peaceful” manner

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During a meeting with IAEA Director General (DG) Rafael Mariano Grossi outside the Nuclear Energy Summit in Brussels, Pakistan, a founding member of the Agency, stressed the importance of the Agency’s work.

He stated that Pakistan placed a high value on the Agency’s efforts as a founding member.

The foreign minister also emphasized Pakistan’s goal to increase the proportion of nuclear energy in the country’s energy mix and the significance of nuclear energy in the fight against climate change.

Ishaq Dar went on to stress the importance of the Agency’s technical cooperation initiatives, to which Pakistan makes a major contribution as well.

According to the foreign minister, banks and other international financial institutions should support nuclear energy projects in developing nations so that those countries may meet their energy needs and meet their zero emissions commitments.

He requested that the IAEA continue raising global understanding of the benefits of nuclear energy as a clean energy source.

The director general of the IAEA commended Pakistan for its cooperation. Rafael Mariano Grossi continued by saying that Pakistan is essential in helping emerging nations by sharing knowledge and experience.

He acknowledged that there was a problem with financing nuclear projects and promised to work with international financial institutions to find a solution as quickly as possible.

The director general of the IAEA reflected fondly on his visit to Pakistan earlier in the year, when he inspected the country’s facilities and witnessed firsthand its progress in the peaceful applications of nuclear technology.

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