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IEA: Global oil discoveries and new projects fell to historic lows in 2016 while US shale surged; “two-speed” market

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Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency, which warned that both trends could continue this year. With global demand expected to grow by 1.2

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Hyundai Motor Group takes a stake in AI semiconductor firm Tenstorrent

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Hyundai Motor Group announced a strategic investment in Tenstorrent , an artificial intelligence (AI) semiconductor company based in Toronto, Canada, which will allow the Group to integrate AI into future Hyundai, Kia and Genesis vehicles, and other future mobilities, including robotics and advanced air mobility (AAM).

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Indianapolis plans to add 425 PHEVs and BEVs to municipal fleet by 2016

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The City of Indianapolis will upgrade 425 non-police-pursuit sedans in its muncipal fleet to plug-in hybrid and battery electric vehicles by early 2016, cut the size of the fleet by 100 vehicles, and save $8.7 The City will replace 100 vehicles by the end of this year and 425 vehicles by the beginning of 2016. million over ten years.

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Volkswagen Group reorganizing some international production; new Poland plant for Crafter

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The Volkswagen Group is re-ordering major parts of its international plant capacity deployment. nia plant will be commissioned in the second half of 2016. The Volkswagen Tiguan is to be assembled in Hanover in addition to Wolfsburg from 2016. The Group is building a new plant at Wrze?nia, The new Wrze?nia The new plant at Wrze?

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BMW Group 1st international automaker to obtain autonomous driving road test license in China; new R&D center in Beijing

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The BMW Group thus has become the first international auto maker to obtain the Autonomous Driving road test license in China, marking a big step on its path to Autonomous Driving. Now, it is a great honor to be the first international vehicle manufacturer to obtain an autonomous road test license in China.

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Geely supporting Danish initiative on e-methanol with vehicle trials in Aalborg

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Denmark has been a global leader in sustainability, and has pledged to reduce its carbon emissions by 70% by 2030. In the future, Geely Holding methanol vehicles will undergo EU certification and promotion to other European markets in support of accelerating the goal of reaching carbon neutrality.

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IEA: global energy demand rose by 2.3% in 2018, fastest pace in the last decade; CO2 emissions up 1.7%

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last year, its fastest pace this decade, an exceptional performance driven by a robust global economy and stronger heating and cooling needs in some regions, according to the IEA. As a result, global energy-related CO 2 emissions rose by 1.7% last year, just half the rate of the period between 2014-2016.

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