Bloomberg Energy Finance predicts that 54 percent of new cars sold in 2040 will be EVs, accounting for 33 percent of the global car fleet by then.
The government has vowed to continue the development of national strategic projects during the COVID-19 health crisis with the addition of 89 new projects of an estimated Rp 1.422 quadrillion in investment value.
Every five minutes, KUKA robots in northern Italy print head brackets for face shields
The pandemic and the subsequent lockdowns have wreaked havoc on global supply chains, particularly in China, the world's manufacturing hub.
Early indications suggested that 2020 would be a year of modest economic recovery. Activity had been trending downwards since the zenith reached in the spring of 2018. Both governments and businesses had hoped that the start of the new decade would coincide with an upturn in economic growth. However, the coronavirus pandemic and subsequent lockdown measures have thwarted any such possibilities.