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BMW Group extends joint venture contract in China until 2040

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The agreement on the contract extension was signed by the two joint venture partners back in October 2018, on BBA’s 15 th anniversary. The corresponding amendment to the contract comes into force with the new “business licence”, which BBA received today from the relevant Chinese authorities. CBA), indirectly holds the remaining 25%.

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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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Northern Graphite closes acquisition of two graphite mines; 3rd largest non-Chinese graphite company

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The acquisitions will provide Northern with 40-50,000 tonnes per year (tpy) of graphite production capacity in Québec and Namibia, which will make it the third-largest non-Chinese natural graphite producing company. The Okorusu plant was retrofitted to produce graphite and has been on care and maintenance since November 2018.

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Anjie Wireless licenses WiTricity technology for China EV market

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Under the terms of the agreement, Anjie Wireless will license WiTricity’s patented magnetic resonance technology and industry-leading designs to develop and commercialize highly efficient wireless electric vehicle (EV) charging systems for sale to leading carmaker brands in the China market.

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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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Disruptive innovation is typically a Silicon Valley buzzword and not one commonly associated with discussions of gasoline markets. The International Energy Agency estimated there were 4 million low-speed electric vehicles in China as of midyear 2018, representing about 2% of the country’s passenger cars, Collins said.

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

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The rapid increase in vehicle electrification in the automotive industry will have a major impact on global raw material markets. The strategic collaboration is the result of an extensive market analysis executed by Volkswagen’s e-Raw Material Team. The global lithium demand is expected to more than double by 2023.

Chinese 268
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Tesla reports net profit, positive cash flow and better margins for Q3 2018 on Model 3 successes

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For the third quarter of 2018, Tesla reported GAAP net income of $312 million; free cash flow of $881 million, supported by operating cash flow of $1.4 Q3 2018 was a truly historic quarter for Tesla. As a result, Tesla is suggesting that the total market potential for Model 3 is larger than just the premium sedan market.

2018 230