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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

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Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “ —Gabriel Collins.

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NextSource Materials to collaborate on battery anode plant in Madagascar with Japanese and Chinese partners

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executed a Letter of Intent (LOI) with its Japanese offtake partner and a leading Chinese processor of graphite anode material to collaborate on the construction of a value-add, battery anode plant in a jurisdiction that is proximal to the Company’s Molo graphite project in Madagascar. Canada-based NextSource Materials Inc.

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Volkswagen Group and Chinese manufacturer Ganfeng sign memorandum of understanding for long-term lithium supplies

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Over the next ten years the Volkswagen Group will be launching 70-plus new pure electric vehicles. That means approximately a quarter of the vehicles we deliver in 2025 will be powered by electricity. The rapid increase in vehicle electrification in the automotive industry will have a major impact on global raw material markets.

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Volkswagen and JAC launch new JV for electric cars for mass market in China; 1st vehicle in 2018

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In the presence of Federal Chancellor Angela Merkel and Chinese Premier Li Keqiang in Berlin, Volkswagen signed a joint venture agreement with the Chinese automaker Anhui Jianghuai Automobile (JAC). The objective is to deliver 400,000 electric vehicles to the Chinese market in 2020 and 1.5 over the previous year.

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Schaeffler creating independent E-Mobility business division in 2018

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Global automotive and industrial supplier Schaeffler will create an independent E-Mobility business division as of January 1, 2018 to bring together all the products and system solutions for hybrid and pure battery electric vehicles. —Matthias Zink, CEO Schaeffler Automotive.

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Li-ion battery-maker Farasis Energy raises $1B+ to accelerate global automotive battery manufacturing expansion

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Farasis Energy, a global developer and manufacturer of lithium-ion cells, modules and large battery systems, recently completed C-round financing exceeding 1 Billion US dollars. The compay will use the capital raised to accelerate the expansion of its global automotive battery manufacturing infrastructure.

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Since 2018, Bosch has won electromobility orders amounting to ~€13 billion

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Since the beginning of 2018, Bosch has won electromobility orders worth roughly €13 billion (US$14.4 The Mobility Solutions business sector is again developing better than global automotive production in 2019. billion), including production projects for electrical powertrains for passenger cars and light trucks.

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