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Daimler takes 12% stake in Chinese parter BAIC Motor; first non-Chinese automotive company to acquire an interest in a Chinese OEM

Green Car Congress

This marks the first investment by a non-Chinese automotive company in a Chinese OEM. The official closing of the transaction followed a short time after the signing of the investment agreement between the two companies in Stuttgart earlier this year and a smooth approval by the relevant Chinese authorities.

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LME copper prices hit 7-year high

Green Car Congress

On 4 December 2020, the LME cash price hit its highest level since March 2013, closing at US$7,742/t. (By An unexpectedly strong resurgence in Chinese cathode buying for scrap replacement, improving consumption, restocking and stockpiling purposes. By 10 December, that dropped back to $7,712/t.)

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Tsinghua study finds China’s actions have cut PM2.5 concentrations 21.5% from 2013-2015; PM2.5-related mortality down 9.1%

Green Car Congress

million deaths in China in 2013. The study used satellite-derived aerosol optical depth measurements, ground based observations, and air quality simulations to evaluate the air quality and health benefits associated with China’s stringent policies implemented during 2013-2015. concentration by 25% in the BTH region during 2013-2017.

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ABB launches first DC fast charger compliant with Chinese GB standard

Green Car Congress

ABB launched Terra 53 Z, its first high power DC fast charger that complies with the Chinese GB standard. In addition to launching the Chinese DC fast chargers, ABB has decided to install electric vehicle charging equipment at selected offices in Shanghai and Shenzhen to facilitate charging for local staff who drive electric vehicles.

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Researchers estimate 1.30 million premature deaths in China in 2013 due to PM2.5 exposure

Green Car Congress

million premature deaths in China in 2013 due to PM 2.5. million) in 2013. million) in 2013. to the Grade II of the Chinese Ambient Air Quality Standard (CAAQS) (35 μg m -3 ) would only lead to a small reduction in mortality. Premature mortality (normalized to 2013 deaths) as a function of fractional reduction in PM 2.5

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Fiat Group Automobiles, Chrysler Group International and GAC Group to Produce Jeep vehicles in China for Chinese market

Green Car Congress

Under the agreement, the joint venture, GAC Fiat, will begin localized production of three new Jeep vehicles for the Chinese market, expanding the portfolio of Jeep sport-utility vehicles (SUV) currently available to Chinese consumers as imports. (GAC Group) have reached an agreement to expand the joint venture partnership.

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Comment on Tesla scraps plans for low-cost car amid fierce competition from Chinese EVs, report says by John Hanna

CN EV Post

Anyone betting on the prospects of an automaker - particularly a young EV specialist automaker such ass tesla will lose his/her shirt if he/she fails to make a study of the entire EV auto sector to the depth of being able to take the pulse of any EV maker as against the vital signs of the company he/she holds shares in.