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Rio Tinto confirms $6.75B development capital for Oyu Tolgoi underground; production by Oct 2022

Green Car Congress

Rio Tinto unveiled a pathway for the ongoing development of the underground project at Oyu Tolgoi in Mongolia, one of the largest known copper and gold deposits in the world ( earlier post ). In 2019, Rio Tinto projected that cost overruns would take the capital requirement to between $6.5 billion and $7.2

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NIO unveils production electric SUV for China market; NIO ES8 to launch end of this year

Green Car Congress

China-based electric vehicle startup NIO unveiled the NIO ES8, an electric SUV planned for serial production for the China market later this year. The ES8 has an all-aluminum body and chassis, front and rear motors with electric all-wheel drive, and active air suspension. NIO intends to equip the ES8 with a swappable battery pack.

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Rio Tinto and First Quantum Minerals partner to progress the La Granja copper project in Peru

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Developing La Granja would also further strengthen Rio Tinto’s copper portfolio following the acquisition of Turquoise Hill Resources and commencement of underground mining at Oyu Tolgoi in Mongolia.

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SLOCAT preliminary analysis of impact of COVID-19 on regional mobility

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Its primary focus is on land transport including both motorized and non-motorized, passenger and freight transport. Mobility to public transport stations has reached pre-COVID-19 levels in Mongolia and Korea. The overall mobility trend in Asia shows that the mobility changes there happened less rapidly than in other regions.

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Saab Automobile enters agreement with Hawtai Motor Group on strategic partnership

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and Saab Automobile AB (Saab Automobile) have signed an agreement with Hawtai Motor Group Company Limited (Hawtai). We expect that Saab’s unique brand values based on its aviation heritage, Scandinavian origins and innovation-driven character will do very well in the Chinese market. Spyker Cars N.V.

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8 development banks commit to provide more than $175B to scale up support for sustainable transport

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Rapid motorization is creating more congestion, air pollution, traffic accidents and greenhouse gas emissions—especially in developing countries. Developing countries have the opportunity to leapfrog to a greener future of less motorization, shorter commutes, and more energy efficient transport systems.

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Chinas Largest Euro-5 Diesel Engine Plant Comes Online; 300,000 Units in Phase 1, 1M Units Targeted

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CCTV reports that the Haw Tai Motor Plant, China’s largest Euro-5 diesel engine plant, has gone into production in Inner Mongolia. Cars powered by diesel engines make up over 50-percent of market share in Europe and the figure is increasing in North America, Japan and South Korea. Party Secretary of Foton Motor Co.,

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