Citing opportunity in the booming electric vehicle market, Belgium-based Arteco announced recently that it is building a factory to produce coolants and heat-transfer fluids in Nantong, China. The company, a joint venture between Chevron and TotalEnergies, does business internationally but is placing a particular focus on what it described as the “dynamic China market.”

Japan’s production of finished lubricants decreased 3%, while domestic lubricant sales climbed 12% in October, according to data released yesterday by a Japanese government agency.

Crude oil price volatility, inflation and global uncertainties were among the factors cited by India lubricant companies for the quarter ended Sept. 30, as some – including Castrol India and Gulf Oil Lubricants India Ltd. – navigated the choppy market waters more successfully than others.