Fibre Extrusion Technology – Europe could miss targets due to low plastic recyclate demand, report warns 02-02-2024
BYD, a major player in the electric car market, has ignited a price war by slashing prices in Germany, a move soon to extend across Europe
This aggressive strategy serves as a direct challenge to industry leader Tesla and other renowned brands. The German electric car market, already in flux due to an early end to government incentives, witnessed a rapid slowdown in domestic demand for new cars. In response, BYD opted for a bold approach, reducing prices by 5% to 15%, intensifying the ongoing rivalry with Tesla. Fibre Extrusion Technology
The battleground expands beyond China, with BYD aiming to conquer European territory. The price cuts on electric vehicles not only signify a tactical response to dwindling state incentives but also a strategic move to fortify BYD’s market presence in Germany and beyond. Despite ambitious expansion plans, BYD’s current sales volumes remain relatively modest, facing stiff competition from European and American counterparts.
BYD’s aggressive pricing strategy includes a 15% reduction for the Atto 3, making it available in Germany at €37,990 for the Comfort trim and €39,990 for the Design edition. With a more modest cut of approximately 8% for the Dolphin and a 5% reduction for the Seal, BYD aims to influence the adoption of electric mobility, presenting consumers with more affordable options. Fibre Extrusion Technology
As BYD seeks to enhance its market share, the impact of these price reductions on electric car registrations, especially in comparison to Tesla, remains to be seen. The electric car landscape is not only characterized by a price war but also reflects important strategic and cultural differences, creating an intriguing dynamic in the rapidly evolving industry.
Coca-Cola is embarking on an innovative environmental initiative with its first UK trial of “label-less” packaging for Sprite and Sprite Zero on-the-go bottles
In a limited trial starting this January, labels on single 500ml bottles will be temporarily removed and replaced with an embossed logo on the front, while laser-engraved product and nutritional information will be featured on the back. This move aims to simplify the recycling process by eliminating the need to separate labels during recycling and reducing overall packaging material usage. Fibre Extrusion Technology
The label-less design will be available for purchase at eight Tesco Express Stores in Brighton and Hove, Bristol, London, and Manchester from January to March 2024. Despite the removal of labels, the clear 100% recycled PET bottles will retain the iconic green and transparent attached caps, distinguishing between regular Sprite and Sprite Zero.
This initiative aligns with Coca-Cola’s ongoing commitment to sustainability, demonstrated through various design changes in recent years. These include transitioning Sprite bottles from green to clear plastic for easier recycling, implementing attached caps to reduce littering, and investing in lightweight bottle designs and streamlined external packaging to minimize environmental impact. As Coca-Cola continues to explore innovative solutions, the label-less trial showcases its dedication to environmentally conscious packaging practices. Fibre Extrusion Technology
PET packaging solutions – Saudi Aramco, the energy giant and cornerstone of Saudi Arabia’s economy, has halted its plan to increase oil production capacity to 13 million barrels per day (bpd) 01-02-2024
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