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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. “

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Hyundai seeks to restore market share in China with new EV brand

Teslarati

Hyundai seeks to restore its market share in China with a new electric vehicle (EV) brand. a 50-50 joint venture between Hyundai Motor and BAIC—announced a new project to develop an electric vehicle brand exclusive to the Chinese market. Hyundai’s annual output in China peaked in 2017 at 1.6 million units.

Hyundai 76
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Li-ion battery-maker Farasis Energy raises $1B+ to accelerate global automotive battery manufacturing expansion

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Farasis Energy, a global developer and manufacturer of lithium-ion cells, modules and large battery systems, recently completed C-round financing exceeding 1 Billion US dollars. The compay will use the capital raised to accelerate the expansion of its global automotive battery manufacturing infrastructure.

Li-ion 239
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Chinese EV battery manufacturer CATL building plant in Germany; 14 GWh capacity, €240M investment by 2022

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The Chinese EV battery manufacturer Contemporary Amperex Technology Ltd. CATL develops battery systems for global customers in EV, HEV and PHEV applications; its sales of EV batteries amounted to 11.84 GWh in 2017—making it Nº 1 globally. GWh in 2017—making it Nº 1 globally.

Germany 170
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IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

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The IEA June 2022 Oil Market Report (OMR) forecasts world oil demand to reach 101.6 Global refining capacity is set to expand by 1 mb/d in 2022 and 1.6 Nevertheless, product markets are expected to remain tight, with a particular concern for diesel and kerosene supplies. mb below the 2017-2021 average. mb/d and 1.9

Oil 210
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Chinese EV battery manufacturer CATL building plant in Germany; 14 GWh capacity, €240M investment by 2022

Green Car Congress

The Chinese EV battery manufacturer Contemporary Amperex Technology Ltd. CATL develops battery systems for global customers in EV, HEV and PHEV applications; its sales of EV batteries amounted to 11.84 GWh in 2017—making it Nº 1 globally. GWh in 2017—making it Nº 1 globally.

Germany 150
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Roskill: graphite prices could push higher on tightening markets for batteries & electrodes

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Synthetic graphite electrode prices rose nine-fold through the first three quarters of 2017, increasing from US$1,748/t in January 2017 to a high of US$16,309/t in September, according to Roskill Information Services. Scrap steel was banned from sale to such furnaces in early 2017, becoming available for use in EAFs.

Price 207