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CCID Consulting estimates upsurge in aluminum for automobile bodies in China if technical breakthroughs in alloy performance and application technology are made

Green Car Congress

China-based and -focused CCID Consulting estimates that the China passenger vehicle market will need at least 1.802 million tons of aluminum sheets annually, assuming that aluminum replaces 15% of the steel used in automobile manufacturing by 2015. The sales volume is expected to reach 25.287 million by 2015.

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China to Encourage Consolidation in Auto Industry; Push to Increase Market Share of Domestic Automakers

Green Car Congress

China’s central government plans to implement a new policy in the first half of this year to encourage auto industry consolidation and further the development of Chinese-brand passenger vehicles, an official from the Ministry of Industry and Information Technology said at a recent news conference. Sales of domestic sedans hit 2.22

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National Electric Vehicle Sweden AB (NEVS) and Dongfeng Motor Corporation enter strategic cooperation, focused on new energy vehicles

Green Car Congress

According to the agreement, Dongfeng will support NEVS on the construction of new energy vehicles production and R&D in Tianjin and the formation of NEVS’ sales and service with support from Dongfeng’s dealer network. million in the first half of 2015. Dongfeng will also support NEVS to achieve the new energy vehicle mass production.

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XPeng revs up for comeback after ending 2022 in the slow lane

CN EV Post

In the race for buyers in China's ultra-competitive electric vehicle (EV) market, XPeng spent last year falling further behind its two main rivals, Li Auto (LI.US; 2015.HK) The company's net loss nearly doubled to 9 billion yuan, despite a drop in both sales and marketing and R&D expenses. HK) and NIO (NIO.US; 9866.HK),

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Volkswagen Group to invest €51.6B over next five years; seeking to make itself future-proof

Green Car Congress

The ratio of capital expenditure to sales revenue will be at a competitive level of around 6% on average in the period 2011 to 2015. billion) in the period 2011 to 2015. This amount will be funded in full from the cash flow generated by the Chinese joint ventures. These companies will invest a total of €10.6

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Platts Report: China oil demand grows 4% year over year in June; growth slows

Green Car Congress

million barrels per day (b/d), according to a just-released Platts analysis of Chinese government data. The latest analysis is based on a new methodology introduced from July in response to significant shifts in Chinese consumption and trade patterns in recent years. China’s apparent oil demand rose 4.1% year over year to 1.08

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