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Platts Report: China oil demand rises 2.9% in October from year ago, YTD up 2%

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China’s apparent oil demand in October rose 2.9% million barrels per day (b/d), according to a just-released Platts analysis of Chinese government data. The official data has also showed that China’s year-to-date import and export volumes between January and October are at a net balance. China’s oil product imports tumbled 22.2%

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Li-ion maker Boston-Power adds $30M in funding; China expansion

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Located in the Shanghai Corridor and scheduled for completion by the end of 2012, the facility will be capable of producing 400 MWh of lithium-ion battery cells annually. GSR Ventures is an early-stage venture capital firm focused on building world-class technology companies in China.

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Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

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a provider of lithium-ion battery cells, modules and systems ( earlier post ), announced $125 million in new funding from a combination of private equity investment and support from China. As part of its plans, Boston-Power is establishing an R&D and EV battery engineering facility in China. Boston-Power, Inc., Reorganizing.

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Boston-Power to supply Li-ion battery systems to Beijing Electric Vehicle Company for EVs, starting with Saab 9-5 based C70

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The two companies, which have a long-standing working relationship, project that Boston-Power’s battery systems will be used in hundreds of electric vehicles (EVs) starting in 2012 and thousands of EVs by 2014. The Chinese government is putting incentives in place to have the market grow. China is taking off in electric transport.

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Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

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DB has lowered its advanced lithium-ion battery cost projection by about 30% for 2012. Based on discussions with industry experts and several automakers, the DB Auto team has lowered its advanced lithium ion battery cost projection by about 30% for 2012. CAGR from 2012 through 2020 to about $250/kWh. Click to enlarge.