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Renault and Geely sign MOU on joint cooperation in China and South Korean Markets focused on hybrids

Green Car Congress

Renault Group and Geely Holding Group, China’s largest privately-owned automotive group, announced an MoU framework agreement to create a cooperation focused on China and South Korea as initial key core markets. The focus will be on hybrid vehicles in the fast-growing Asian markets.

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RMI report maps out pathway for zero-carbon steel industry in China

Green Car Congress

A new report from RMI (Rocky Mountain Institute) finds that it is technically and economically feasible for China’s steel industry to decarbonize by 2050 through demand reduction, steel recycling and switching to green routes. This makes the steel industry the country’s second-largest carbon emitting sector behind power generation.

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Volkswagen Group China unveils its first eVTOL passenger drone prototype: V.MO

Green Car Congress

Volkswagen Group China unveiled its first electric Vertical Take-Off and Landing (eVTOL) passenger drone prototype, as part of its strategy to explore and break new ground in fully electric and sustainable individual mobility concepts. Stephan Wöllenstein, CEO of Volkswagen Group China. In the first phase of its commercial use, V.MO

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China Merchants Heavy Industry orders methanol dual-fuel engines for new Pure Car and Truck Carrier segment

Green Car Congress

China Merchants Heavy Industry has ordered 2 × MAN B&W 7S60ME-LGIM (Liquid Gas Injection Methanol) engines in connection with the construction of 2 × 9,300 ceu (car equivalent units) Pure Car and Truck Carriers (PCTCs) for China Merchants Energy Shipping (CMES).

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Nornickel presents market review of nickel and platinum group metals

Green Car Congress

Russia-based Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, presented its eleventh review of the nickel and platinum group metals (PGM) markets based on the fundamental analysis of world economic and industry data.

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Benchmark Mineral Intelligence: lithium industry needs $42B investment to meet 2030 demand

Green Car Congress

The lithium industry needs $42 billion of investment if it is to meet 2030 demand, according to analysis by Benchmark Mineral Intelligence. This works out at approximately $7 billion a year between now and 2028 if the industry is to meet lithium demand by the end of the decade. Lithium Carbonate, EXW China, ?99.0%

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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. Tesla China accounted for 22.5% Hyundai’s annual output in China peaked in 2017 at 1.6

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