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BMW Group extends joint venture contract in China until 2040

Green Car Congress

The agreement on the contract extension was signed by the two joint venture partners back in October 2018, on BBA’s 15 th anniversary. With the issuance of the new business licence, the increase of BMW Group’s stake in BBA also is effective, as agreed upon by both joint venture partners in 2018. BBA) joint venture until 2040.

BMW 335
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Gasoline consumption per capita in 2020 was on par with that in 1965

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Total consumption (millions of gallons). Consumption per capita. Gasoline consumption per capita was calculated using the population estimates in the ProQuest Statistical Abstract of the United States. Consumption per capita (gallons). The maximum consumption per capita (505 gallons) was reached in 1978.

2020 415
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Hyundai Motor Group’s connected car services reach 10M global service subscribers

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The Group introduced the first connected car services in Korea in 2003 and has since expanded the services to the global market. Global subscribers reached 1 million in May 2018, followed by 5 million in August 2021, 8 million in October 2022 and 10 million this month, showing rapid growth.

Connect 221
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IHS Markit: global oil demand still growing in the short term despite increasing focus on EVs

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Source: IHS Markit 2018. Current global total liquids oil demand growth is at similar levels to what was recorded during the 2003 to 2007 commodity super-cycle, referred to as the “golden age” of refining. in both 2018 and 2019, respectively, due to convergence of robust economic activity in many markets around the world.

Oil 276
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Bosch and Weichai Power boost efficiency of Weichai truck diesel engines from 46% to 50%

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Bosch and Weichai launched their joint development project in September 2018. Their strategic alliance began back in 2003. For this reason, Bosch and Weichai aim to steadily refine this technology with an eye to protecting the climate and environment. liters displacement.

Diesel 418
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California ARB mods to ZEV regulations for IVMs would result in ~1.9% drop in total ZEV/TZEV units 2018-2025; no impact on air quality requirements

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The initial sales requirement was 2% of car sales in 1998 (representing about 20,000 vehicles at the time), increasing to 5% in 2001 and 10% in 2003. The 2012 amendments to the ZEV reg adopted as part of the ACC package reduced the California sales upper bound for IVMs from 60,000 units to 20,000 per year beginning with the 2018 model year.

2018 257
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Potent GHG SF6 rapidly accumulating in atmosphere, driven by demand for SF6-insulated switchgear in developing countries

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Sales compiled from 1996–2003 by producers in Europe, Japan, USA, and South Africa (not including China and Russia) showed that, on an annual average basis, 80% of the SF 6 produced during this period was consumed by electric utilities and equipment manufacturers for electric power systems. —Simmonds et al. —Simmonds et al.