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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

Green Car Congress

Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “ million of them—roughly 30% more units than conventional electric vehicle makers did.

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IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

Green Car Congress

Global refining capacity is set to expand by 1 mb/d in 2022 and 1.6 Following nearly two years of declines, observed global oil inventories increased by 77 mb in April. mb below the 2017-2021 average. mb/d increase is expected next year, supported by new refinery start-ups in Africa, the Middle East and Asia.

Oil 210
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BioAmber and CJ CheilJedang plan JV for bio-succinic acid production in Asia

Green Car Congress

Under the terms of the agreement, BioAmber and CJCJ plan to establish a joint venture in China to produce up to 36,000 metric tons of bio-succinic acid annually and commercialize the output in Asia. The partners would also have a mutual right-of-first-refusal to retrofit additional CJCJ fermentation facilities globally.

Asia 150
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Renault CEO calls for Auto European plan to protect against ‘onslaught of EVs from China’

Teslarati

Meo stated that the center of the global automotive market has gravitated toward Asia. He pointed out that electric vehicles and plug-in hybrids account for 14% of global car sales, led by Asian automakers. In 2023, around 35% of electric vehicles exported worldwide were Chinese. “As Buoyed by its huge domestic market (8.5

China 113
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GAC Group begins construction of $6.5B industrial park for electric and intelligent vehicles

Green Car Congress

It is also plays a significant role in pushing forward GAC Motor’s global branding strategy. The planning and construction of this industrial park is a concrete step to implement the Chinese government’s green development goals for Guangdong and the national ‘Made in China 2025’ strategy.

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INFINITI to build five new models in China and electrify its portfolio

Green Car Congress

Over the next five years INFINITI is planning to localize five new vehicles in China, tripling our sales here in our fastest growth market, globally. As part of our roadmap to electrify our portfolio, we anticipate that by 2025, more than 50% of new INFINITI vehicles sold globally and in China will be electrified. Earlier post.)

Infinity 186
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Roskill forecasts increasing dependence of Li market on batteries; switch from portable electronics to hybrids

Green Car Congress

Consumption of lithium in rechargeable batteries by end use, 2012-2017, kt LCE. Batteries accounted for 27% of global lithium consumption in 2012, up from 15% in 2007 and 8% in 2002. In 2012, East Asia accounted for 60% of total global consumption with Europe accounting for a further 24% and North America 9%.

Market 296