Report: China now makes enough batteries for global EV production
Green Car Reports
APRIL 15, 2024
China already has enough battery manufacturing capacity to supply all global EV production, according to Bloomberg New Energy Finance.
EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads
Green Car Congress
JULY 21, 2022
The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. million b/d since the start of 2020, contributing 184,000 b/d to the global decline in 2021. million b/d in 2022 and by an additional 1.6
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EIA: As of 2021, China imports more LNG than any other country
Green Car Congress
MAY 3, 2022
In 2021, China imported more liquefied natural gas (LNG) than any other country, according to data from Global Trade Tracker and China’s General Administration of Customs, gathered by the US Energy Information Administration (EIA). China’s LNG imports averaged 10.5 Bcf/d, according to data by S&P Global Platts.
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BloombergNEF reports 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226B
Green Car Congress
AUGUST 2, 2022
Global investment in renewable energy totaled $226 billion in the first half of 2022, setting a new record for the first six months of a year, according to Renewable Energy Investment Tracker 2H 2022, a new report published by research firm BloombergNEF (BNEF). Wind project financing was up 16% from 1H 2021, at $84 billion.
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Report: China now makes enough batteries for global EV production
Baua Electric
APRIL 15, 2024
China already has enough battery manufacturing capacity to supply all global EV production, according to Bloomberg New Energy Finance. China’s declared 2023 battery production alone was close to the actual global demand, according to BNEF, which notes that the U.S.,
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GlobalData: China to overtake US in nuclear capacity by 2026
Green Car Congress
SEPTEMBER 10, 2020
China is on track to have the largest nuclear power generation fleet of 93GW and is set to overtake the US by 2026, according to research and analytics company GlobalData. China alone is set to account for more than 50% (83GW) of the new capacity built, followed by India with 8.9% (14.5GW) and Russia with 6.4% (10.5GW).
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Jing-Jin Electric and Allison Transmission partner to accelerate development of commercial vehicle electrified powertrain solutions for global markets
Green Car Congress
SEPTEMBER 22, 2021
The partnership will further allow both parties to benefit from a global manufacturing presence and service networks to support customers in local markets. Headquartered in Beijing, JJE has technical centers and production facilities in the United States and China including Michigan, Shandong, and Shanghai.
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Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035
Green Car Congress
JUNE 20, 2023
Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. Global investment in technologies to help the energy transition reached a record $1.3 trillion in 2022, IRENA said. Closing this 2.7
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Baker Institute report: China has positioned itself as a gatekeeper to the energy transition; nickel case study
Green Car Congress
APRIL 21, 2022
The global push to convert the world to electric vehicles will cause supply chain complexities that could undermine the alternative energy transition in the United States, according to a new report from Rice University’s Baker Institute for Public Policy. This surge occurred mostly in China, driven by steel manufacturing.
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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high
Green Car Congress
NOVEMBER 26, 2019
New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. The findings suggest that developing nations are moving toward cleaner power but not nearly fast enough to limit global CO 2 emissions. The decline was not confined to China, however.
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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh
Green Car Congress
OCTOBER 13, 2022
An estimated 387GW/1,143GWh of new energy storage capacity will be added globally from 2022 to 2030, according to the forecast—more than Japan’s entire power generation capacity in 2020. The US and China are set to remain the two largest markets, representing more than half of global storage installations by the end of the decade.
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IEA: nuclear power can play a major role in transition to low emissions energy systems; Russia, China leading on new reactor starts
Green Car Congress
JULY 4, 2022
As the world contends with a global energy crisis, nuclear power has the potential to play a significant role in helping countries to securely transition to energy systems dominated by renewables, according to a new special report by the IEA. —IEA Executive Director Fatih Birol.
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Polestar enters into strategic partnership with Industrial Bank in China
CN EV Post
OCTOBER 20, 2022
The two will cooperate globally in credit financing, retail lending, and international business. The post Polestar enters into strategic partnership with Industrial Bank in China appeared first on CnEVPost. For more articles, please visit CnEVPost.
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Renewables to overtake coal as largest global electricity source in 2025
Teslarati
JANUARY 15, 2024
“The report shows that under existing policies and market conditions, global renewable power capacity is now expected to grow to 7,300 GW over the 2023-28 period covered by the forecast,” the IEA wrote in a press release. There are still some big hurdles to overcome, including the difficult global macroeconomic environment.” “For
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Ford launches new global battery center of excellence
Green Car Congress
APRIL 28, 2021
Ford announced a new global battery center of excellence—called Ford Ion Park—to accelerate research and development of battery and battery cell technology, including future battery manufacturing.
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Hyundai Motor partners with regional firms to establish H2 fuel cell commercial vehicle ecosystem in China
Green Car Congress
NOVEMBER 5, 2020
Hyundai Motor Company is spearheading the development of a hydrogen fuel cell commercial vehicle ecosystem in China with regional partners. Hyundai believes China has a massive potential for hydrogen powered commercial vehicles. Hyundai believes China has a massive potential for hydrogen powered commercial vehicles.
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President of Mexico nationalizes lithium
Green Car Congress
FEBRUARY 20, 2023
A number of foreign companies are interested in developing lithium deposits in Mexico; in September 2022, the finance ministry valued the lithium deposit in Sonora state as worth as much as 12 trillion Mexican pesos (US$653 billion, currently). What we are doing now. World leaders Bolivia, Argentina and Chile hold 21Mt, 19Mt and 9.8Mt.
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National Electric Vehicle Sweden halts production while it sorts out financing
Green Car Congress
MAY 21, 2014
National Electric Vehicle Sweden (NEVS), the company resurrecting the Saab brand ( earlier post ), has halted production of its vehicles (currently at 6 units per day) while it sorts through financing issues and aligns its strategy with new OEM partners. This development will be done in cooperation with other global OEMs.
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Waste-to-biofuels company Enerkem raises C$280M, its largest financing round
Green Car Congress
FEBRUARY 6, 2018
In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. This new and significant financing will help accelerate our growth and further expand project development and implementation. BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries.
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BNEF: Global plug-in vehicle sales surge 63% year-on-year in Q3; China accounted for more than half of total
Green Car Congress
NOVEMBER 22, 2017
Plug-in electric vehicles sales surged to a record in the third quarter, largely driven by strong demand in China, according to a new report from Bloomberg New Energy Finance (BNEF). China accounted for more than half of global sales as its market for electric cars doubled amid government efforts to curb pollution.
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Enel X and Arrival partner to launch electric bus trials in Italy
Green Car Congress
JUNE 20, 2022
The aim is to foster the growth of electrified public transport globally through increasingly high-performance and competitive solutions. The success of these tests will be a key building block for Enel to include the Arrival Bus within its portfolio of global electrification solutions.
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Pinnacle Engines appoints Asian Business Advisory Board; closes Series C financing
Green Car Congress
MAY 8, 2014
Pinnacle Engines also announced closure of its Series C financing, bringing total investment in the company to more than $30 million. Investors in the round included Mitsui Global Investment, VenturEast and a strategic OEM partner along with its existing investors Bessemer Venture Partners, New Enterprise Associates and Infield Capital.
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New JV in China to produce high-grade Li-ion power battery materials
Green Car Congress
APRIL 8, 2022
Global Internet of People, Inc. Yilong Investment is obliged to use reasonable efforts to obtain, on behalf of the JV, national-level tax incentives and favorable government treatments, and will coordinate with local financial institutions to provide financing to the JV.
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IEA: COVID-19 crisis causing the biggest fall in global energy investment in history
Green Car Congress
MAY 31, 2020
The COVID-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year—from fossil fuels to renewables and efficiency—the International Energy Agency said in a new report.
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Li-ion battery-maker Farasis Energy raises $1B+ to accelerate global automotive battery manufacturing expansion
Green Car Congress
SEPTEMBER 10, 2018
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.
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China will cut electric vehicle subsidies by end of 2022
Teslarati
JANUARY 3, 2022
China announced that it would eliminate subsidies that encourage consumers to purchase electric vehicles by the end of 2022. The subsidy cuts will only apply to new energy vehicles (NEVs), which China defines as any plug-in electric vehicle that qualifies for public subsidies.
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CNPC’s first hydrogen station in Beijing in operation
Green Car Congress
SEPTEMBER 5, 2021
China National Petroleum Corporation (CNPC) recently put its first hydrogen station in Beijing into operation. Based in China, it has oil and gas assets and interests in more than 30 countries in Africa, Central Asia-Russia, America, the Middle East, Asia-Pacific, and other regions. In China, CNPC has 22,62 service stations.
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EIA: At least 9 new refinery projects to come online before end of 2023 in Asia and Middle East; 2.9 MMb/d
Green Car Congress
AUGUST 3, 2022
million barrels per day (MMb/d) of global refinery capacity once fully operational. In the International Energy Agency’s (IEA) June 2022 Oil Market Report, the IEA expects net global refining capacity to expand by 1.0 The scheduled expansions follow a period of reduced global refining capacity. million b/d in 2023.
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Allison Transmission makes strategic equity investment in Jing-Jin Electric Technologies
Green Car Congress
OCTOBER 21, 2021
Allison Transmission will participate in the initial public offering (IPO) of Jing-Jin Electric (JJE), a leader in electric motor, inverter, and integrated electrified propulsion systems within China—the largest electric vehicle market in the world. US$42 million). Earlier post.).
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186 IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19
Green Car Congress
APRIL 18, 2020
IHS Markit is forecasting that global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 will be down 22% (more than 650,000 units) to 2.6 These forecasts are informed by the latest IHS Markit global economic forecast updates, which reflect a 3.0% decline in global real GDP in 2020.
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191 Niron Magnetics secures $17.5M ARPA-E SCALEUP grant to boost production of FeN magnets
Green Car Congress
NOVEMBER 23, 2022
Niron will use this financing to advance the commercial partnerships and pilot production of its rare earth-free Clean Earth Magnet, further demonstrating its potential to replace rare earth permanent magnets. One of the top 5 global wind turbine OEMs. Earlier post.). 2019.165962.
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Fisker secures $100+ M in initial closing of new equity financing
Green Car Congress
SEPTEMBER 27, 2012
Fisker Automotive has completed the initial closing of its current equity financing, representing in excess of $100 million of new funding. This initial closing will provide the company with funding for continued product development, market expansion and a new global marketing campaign for the Fisker Karma extended range electric vehicle.
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IEA: global energy investment stabilized above $1.8T in 2018; security and sustainability concerns growing
Green Car Congress
MAY 14, 2019
Global energy investment stabilized in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables, according to the International Energy Agency’s latest annual review. Global energy investment totalled more than US$1.8
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BNEF: EV company fundings bright spot as clean energy investment slips in Q3 quarter; 3 China EV companies raise $1.9B
Green Car Congress
OCTOBER 9, 2018
Global clean energy investment was $67.8 Looking at the third-quarter global investment figures by type, asset finance of utility-scale renewable energy projects came to $49.3 billion convertible issue from waste-to-energy specialist China Everbright International and a $311-million IPO by US fuel cell developer Bloom Energy.
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Ultracap company Ioxus closes $21M Series C round; IFC leads; focus on China
Green Car Congress
APRIL 7, 2014
IFC, a member of the World Bank Group, and the largest global development institution focused exclusively on the private sector, together with the Westly Group, a venture capital firm based in Menlo Park, California, led the financing.
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240 Pew: global clean energy investment reached record $243B in 2010
Green Car Congress
MARCH 29, 2011
Global clean energy finance and investment grew significantly in 2010 to $243 billion, a 30% increase from the previous year. China, Germany, Italy and India were among the nations that most successfully attracted private investments, according to new research released by The Pew Charitable Trusts. Click to enlarge.
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236 GM 5-year growth strategy for China; 10 New Energy Vehicles in the coming mix
Green Car Congress
MARCH 21, 2016
Between now and 2020, GM and its joint ventures plan to roll out more than 60 new and refreshed models in China, including 13 this year, with a strong focus on SUVs, MPVs and luxury vehicles. Continued strong demand by customers generated record vehicle deliveries, which helped China remain GM’s largest market. Earlier post.).
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Tesla Bear believes TSLA India market might be even bigger than China: report
Teslarati
MAY 19, 2021
Roth Capital analyst Craig Irwin, who has a $150 price target on TSLA, believes Tesla’s market potential in India might be bigger than the lead EV automaker’s market in China. And that market will be just as big as China, maybe even bigger, in the long run. The Teslarati team would appreciate hearing from you.
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T&E: two-thirds of European battery production at risk as companies weigh investing in US instead
Green Car Congress
MARCH 7, 2023
T&E used publicly available information to assess the 50 gigafactories announced in Europe based on their finance and permits, whether they had secured a location, and the companies’ links to the US. EU battery manufacturing is caught in the crossfire between America and China. Europe must act or risk losing it all.
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Westport Launches First Global Carbon Finance Program for Transportation Registered to the Voluntary Carbon Standard
Green Car Congress
MARCH 25, 2010
Vehicles sold to fleet owners in various countries worldwide including the USA, Australia, Canada and China will be included in the WCP. It was established to provide a global standard and validation and verification program for voluntary greenhouse gas offsets.
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199 Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China
Green Car Congress
SEPTEMBER 20, 2011
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.,
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China’s leading mobile taxi booking app secures $600M from SoftBank Group, Alibaba Group and Tiger Global
Green Car Congress
JANUARY 15, 2015
the operator and developer of KuaiDi Dache, a leading mobile taxi booking app provider in China, SoftBank Internet and Media, Inc. Launched in 2012, KuaiDi Dache has grown to become one of the leading and most widely used mobile taxi booking app providers in China. Travice Inc.,
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150 Hydro fully acquires Sapa to create a global aluminum company fully integrated across value chain and markets
Green Car Congress
JULY 11, 2017
The combination will make Hydro the only global company in the aluminum industry that is fully integrated across the value chain and markets. Sapa will enable us to assume global leadership, establish a platform for growth, and provide responsible operations and sustainable solutions for the future low-carbon economy.”
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It’s too late to China-proof the lithium supply chain – ET Auto
Baua Electric
MARCH 15, 2024
That’s been the thinking of leaders from developed countries, who’ve been seeking ways to China-proof the market for lithium , the light metal that’s essential for high-performance rechargeable power packs. billion) into a financing facility to support exports. It’s not hard to see why China has a decisive advantage here.
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