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

Green Car Congress

At the current estimated low-speed electric vehicle fleet size, the potential fuel demand displacement could exceed 60,000 barrels per day—2% of current total Chinese gasoline demand. Source: “Low-Speed Electric Vehicles: An Underappreciated Threat to Gasoline Demand in China and Global Oil Prices?”.

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China is exporting so many EVs that it needs more ships – a lot more

Baua Electric

Chinese EV makers are looking to export electric vehicles by the tens of thousands around the globe, but they need a lot more car-carrying vessels to make that happen. China now has the world’s eighth-largest shipping fleet with 33 car-carrying ships, according to data from shipping consultants Veson Nautical and reported by Reuters.

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BASF to provide sustainable refinish coatings solutions and technical services to Didi’s body and paint shops

Green Car Congress

These products, designed for the Chinese market, will help reduce VOC emissions and meet the stringent standards implemented in various cities in China. Since 2012, DiDi has been a leader of the online-hailing business, accounting for 90% of the total carsharing market in China, which reached CNY 300 billion (US$42 billion) in 2019.

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Ford introducing new midsize SUV in China; Territory will offer 48V mild hybrid and plug-in hybrid variants

Green Car Congress

Territory customers can choose between a fuel-efficient gasoline engine option; 48V mild hybrid with Miller-Cycle technology; and a plug-in hybrid powertrain when it goes on sale in early 2019. —Peter Fleet, president, Asia Pacific and chairman & CEO, Ford China. million in 2019, from a peak of 2.2 million in 2010.

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2023 EV registrations in Europe surpass two million units, setting new record – Charged EVs

Baua Electric

Despite this, it is unlikely we will see volumes surpass the 15 million units recorded in 2019. Chinese car brands continued to penetrate European markets—seven new brands entered the market last year, making a total of 30 (!) Chinese brands now available. Chinese brands saw sales grow by 79% year-on-year.

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Renault-Nissan-Mitsubishi becomes lead investor in China autonomous driving company WeRide.ai

Green Car Congress

will become the first Chinese start-up specializing in L4 autonomous driving to receive investment from and to form a strategic partnership with a global automotive group. as it pioneers such full autonomous systems for the demanding Chinese market-place. The investment in WeRide.ai As a result of the Alliance Ventures support, WeRide.ai

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Daimler Mobility AG & Geely Technology Group inaugurate ‘StarRides’ premium ride-hailing service in Hangzhou

Green Car Congress

Daimler Mobility AG and Geely Technology Group, a subsidiary of Zhejiang Geely Holding Group (Geely Holding), unveiled the premium ride-hailing provider StarRides in China with inaugural services to begin in Hangzhou in December 2019. Tom Gu joined StarRides on 1 September 2019 as Chief Executive Officer, leading a staff of 80 employees.

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