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Benchmark: China will increase share of global cathode production to 87% in 2030

Green Car Congress

Data from Benchmark Mineral Intelligence’s Cathode Forecast shows that China is set to extend its dominance of cathode production by 2030, increasing its share of production from 78% in 2022 to 87% in 2030. China’s output of cathode active materials increased more than four times between 2018 and 2022. times in the same period.

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Buick debuts V2X technology in China; first V2X vehicle to roll out by year end

Green Car Congress

Later this year, Buick will become the first brand in China officially to roll out the market-ready technology on a production vehicle, a Buick GL8. Past work on V2X in China. It was the first multi-industry demonstration of interoperability of C-V2X, for which China recently announced its official frequency.

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BASF launches $10B Verbund project in China

Green Car Congress

BASF officially launched its smart Verbund project in Zhanjiang, Guangdong province, China, and commenced building its first plants. It marks a milestone of the company’s US$10-billion investment project announced in July 2018. We are pleased to see our mega-investment project in China is progressing. Earlier post.)

China 243
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Roskill sees recovery in lithium industry, buoyed by demand from rechargeable battery applications

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Despite the trend toward transportation electrification, the lithium industry has had a rough few years. In its new Lithium Outlook to 2030 report, Roskill notes that the prolonged downward trend for lithium compound and mineral concentrate prices has caused a difficult environment for many lithium producers since 2018.

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Hyundai Motor Group building new fuel cell system plant in China; first outside of Korea

Green Car Congress

Hyundai Motor Group signed an investment contract with the government of Guangdong Province to establish an offshore fuel cell system production facility in Guangzhou, China. The investment advances the Group’s global hydrogen leadership and supports its push into China’s rapidly developing hydrogen industry.

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Current Status of Electric Vehicle Charging Pile Industry in China, 2022-2023

Setec Powerr

The data shows that the number of public charging piles in China will reach 2.617 million in 2021, a year-on-year increase of 224.3%, serving nearly 8 million new energy vehicles. As of 2021, the number of new energy vehicles in China will reach 7.84 It is estimated that the number of new energy vehicles in China will reach 26.72

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GlobalData: China to account for 44% of Asia’s crude oil refining capacity in 2023

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China will drive the majority of growth in the crude oil refining industry in Asia between 2018 and 2023, contributing 44% of Asia’s crude oil refining capacity in 2023, according to GlobalData. China’s planned and announced crude oil refining capacity is expected to increase from 460 mbd in 2018 to 3,721 mbd in 2023.

Oil 236