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Platts Report: China oil demand rises 2.9% in October from year ago, YTD up 2%

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million barrels per day (b/d), according to a just-released Platts analysis of Chinese government data. Platts calculates China’s apparent or implied oil demand on the basis of crude throughput volumes at the domestic refineries and net oil product imports, as reported by the NBS and Chinese customs. year over year to 42.65

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Li-ion maker Boston-Power adds $30M in funding; China expansion

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Located in the Shanghai Corridor and scheduled for completion by the end of 2012, the facility will be capable of producing 400 MWh of lithium-ion battery cells annually. Long-standing Boston-Power investors Oak Investment Partners and Foundation Asset Management (FAM) also participated. '.

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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

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DB has lowered its advanced lithium-ion battery cost projection by about 30% for 2012. Based on discussions with industry experts and several automakers, the DB Auto team has lowered its advanced lithium ion battery cost projection by about 30% for 2012. CAGR from 2012 through 2020 to about $250/kWh. Click to enlarge.

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Boston-Power to supply Li-ion battery systems to Beijing Electric Vehicle Company for EVs, starting with Saab 9-5 based C70

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The two companies, which have a long-standing working relationship, project that Boston-Power’s battery systems will be used in hundreds of electric vehicles (EVs) starting in 2012 and thousands of EVs by 2014. The Chinese government is putting incentives in place to have the market grow. Earlier post.) Earlier post.)

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

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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. Reorganizing.

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