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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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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%.

BMW 335
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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. Tesla is also trying to bring down the Model 3 pricing to the originally teased $35,000 mark.

2018 230
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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.

Namibia 284
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Volkswagen Group and Chinese manufacturer Ganfeng sign memorandum of understanding for long-term lithium supplies

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During this process we consider a sustainable value chain as equally important to securing material capacities and competitive pricing structures. —Michael Bäcker, Head of Corporate Purchasing e-Mobility at Volkswagen Aktiengesellschaft. GFL offers five major categories of more than 40 lithium compounds and metals products.

Supplies 268
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Roskill: refined lithium supply expected to treble to 900kt by 2027, driven by use in batteries

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Automotive applications were the largest market for Li-ion batteries in 2017, with Chinese sales of plug-in electric vehicles (PEV) increasing by around 20% y-o-y. This placed strain on the battery supply chain which is likely to continue, with Roskill estimating that Chinese PEV sales could reach around one million units in 2021.

Supplies 218
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Ballard closes strategic collaboration with Weichai Power; heavy-duty fuel cell vehicles

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interest in the company, through the subscription and purchase of shares from treasury at a price of $3.54, which reflects a 15% premium to the 30-day VWAP of $3.08 on 29 August 2018. —a current Ballard strategic investor and Chinese partner—has invested a further approximately $20.2 to maintain its 9.9%

Fuel 223