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Industrial material prices fall sharply on concerns about Chinese slowdown – ET Auto

Baua Electric

Prices for industrial materials such as ferrous and nonferrous metals are plummeting, with steel marking a five-year low as concerns grow about a slowing Chinese economy and a resulting supply glut, reported Nikkei Asia. Compounding this are worries that Chinese producers with excess supply will ramp up exports, depressing prices globally.

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Beijing Wont Restrict Auto Purchases to Deal With Growing Congestion

Green Car Congress

To deal with increasingly serious traffic congestion, Beijing will take steps such as raising parking fees in urban districts and striving to build more rail transit lines to address the issue, so ordinary residents may rationally select the travel option they prefer. About 19 million Chinese obtained a driving license in 2009.

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

Green Car Congress

The growth capital and Chinese government incentives will be used predominantly to scale manufacturing, research and development, and business development activities in China for the company’s energy storage technology and products. Boston-Power, Inc., GSR Ventures has offices in Beijing and Silicon Valley. Purcell, Jr., Earlier post.).

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ZAP, Zhejiang Jonway Partner to Target China and Export EV Markets

Green Car Congress

US-based electric vehicle provider ZAP and China auto manufacturer Zhejiang Jonway Automobile Co. The Taizhou-based automaker markets and sells vehicles in China through a network of more than 600 auto dealerships. ZAP hopes to leverage a stimulus from the government for plug-in forms of transportation. The Jonway A380.

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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

Green Car Congress

Key developments in the transportation sector that they note include: Positive for gasoline demand: Strong Chinese car growth in 2010, particularly in the first half of the year, with vehicle sales up 30% year-on-year (YoY) through the first eleven months of 2010. The DB auto team counts at least 130 models in the global pipeline for 2012.

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Why Warren Buffett is investing in electric car company BYD - Apr. 13, 2009

Tony Karrer Delicious EVdriven

Why hes banking on an obscure Chinese electric car company and a CEO who - no joke - drinks his own battery fluid. The car came straight to Omaha from the Detroit auto show. BYDs breakthrough all-electric E6, photographed at this years Detroit auto show. The E6 will hit the Chinese market later this year.

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Chrysler unveils new electric minivan for the US Postal Service

Tony Karrer Delicious EVdriven

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