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CCM: demand for ternary Li-ion batteries in China to more than double to 10 GWh in 2016 from 4.4GWh in 2015 due to subsidy fraud and response

Green Car Congress

In the wake of the news that five alternative energy vehicle (AEV) makers defrauded the Chinese government of about US$150 million in subsidies, the Chinese government adjusted its subsidy policies for alternative energy vehicles. Subsidy fraud from five Chinese AEV makers in China. Subsidies totaled RMB33.44 million (RMB1.0

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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

Green Car Congress

November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. Subsequently, to defend market share, the Saudis increased production, which exacerbated market oversupply and further pressured prices. This decision set crude prices on a downward path.

Russia 150
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Volkswagen picks up pace of transformation with new ACCELERATE strategy

Green Car Congress

In 2016, Volkswagen kicked off its far-reaching transformation and the industry’s biggest electric offensive with the TRANSFORM 2025+ strategy. To be able to finance the sizable future investments, the company will systematically work on increasing its efficiency with ACCELERATE. —Ralf Brandstätter, CEO of Volkswagen.

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GM 5-year growth strategy for China; 10 New Energy Vehicles in the coming mix

Green Car Congress

Continued strong demand by customers generated record vehicle deliveries, which helped China remain GM’s largest market. GM expects China’s vehicle market to increase by 5 million units or more by 2020, representing growth of about 3-5% annually. Its SAIC-GMAC joint venture is the largest dedicated automotive finance company in China.

GM 150
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Roskill: record cobalt deals in Q1 2018 show raw material procurement for Li-ion batteries revving up

Green Car Congress

At least 12 recorded lithium and six cobalt transactions have been closed between downstream manufacturers and mining companies since 2016, signalling a changing trend in procurement strategy. The year 2017 saw deals between Great Wall and Pilbara Minerals, and Ganfeng Lithium’s US$172-million financing of Lithium Americas.

Li-ion 150
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Volkswagen Group to spend >$40B over next 5 years to develop electric mobility, autonomous driving, new mobility services and digitalization

Green Car Congress

In 2016, the corresponding capex ratio stood at 6.9%. These companies finance the investments in the Chinese plants and products from their own resources. These companies finance the investments in the Chinese plants and products from their own resources. from 2020 onward.

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Broad-Ocean Motor in strategic collaboration with Ballard; $28.3M investment, 9.9% ownership; initial order for 10,000 fuel cell vehicles

Green Car Congress

On 18 July 2016, Broad-Ocean signed an agreement with Guangdong Nation Synergy Hydrogen Power Technology Co. Final collaboration agreements encompassing detailed terms and conditions are expected to be signed by the end of 2016. Broad-Ocean has now expanded this business to include fuel cell vehicles.

Motor 150