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SK On signs MOU with Global Lithium Resources to bolster key battery materials supply chain

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South Korea-based SK On (SKO), a global EV battery manufacturer, signed a Memorandum of Understanding (MOU) with Australia’s Global Lithium Resources to explore future business opportunities together in regard to stable supply of lithium. Incorporated in 2018, Global Lithium was listed on the Australian Stock Exchange last year.

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Daimler Truck and CATL expand global partnership on truck-focused batteries and supply

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CATL will be the supplier of lithium-ion battery packs for the Mercedes-Benz eActros LongHaul battery-electric truck, which is planned to be ready for series production in 2024. The supply will go beyond 2030. By 2027, Daimler Truck AG intends to supplement its portfolio by adding series-produced hydrogen-based fuel-cell vehicles.

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Mercedes-Benz to build electric vehicles in 6 plants on 3 continents; global battery network; EQC in 2019

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Mercedes-Benz is in the process of building out hubs for the production of electric vehicles and batteries around the globe. Markus Schäfer, Member of the Divisional Board of Mercedes-Benz Cars, Production and Supply Chain said that Mercedes-Benz will build its electric vehicles in six plants on three continents.

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Faurecia to supply hydrogen storage systems for 1,600 Hyundai fuel-cell trucks

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Faurecia recently was awarded a significant contract for fuel cell electric vehicle storage systems from Hyundai Motor Company. Fuel cell electric vehicle technology will become significant in the powertrain mix in the next ten to fifteen years in particular for commercial vehicles. Earlier post.).

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IEA: global oil demand to decline in 2020 as coronavirus weighs on markets

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Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International Energy Agency’s (IEA’s) latest oil market forecast. The IEA now sees global oil demand at 99.9

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IHS Markit projects for first time that 2050 global refined product demand will be lower than 2019 levels

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For the first time, the IHS Markit base case scenario for refined products expects total global demand in 2050 to be lower than 2019 levels. Under the new IHS Markit Inflections base case scenario, global refined product demand is expected to peak in 2036. MMbd), placing it below 2019 baseline levels.

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Adamas: average EV sold in 2019 H1 contained 52% more LCE than the average EV sold a year prior

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From 2018 H1 through 2019 H1, the growing popularity of long-range BEVs with high-capacity batteries resulted in a 52% increase in the amount of lithium carbonate and lithium carbonate equivalent (LCE) deployed globally per EV, from 7.7 GWh in 2019 H1, more than its three closest competitors combined (BYD, BJEV, Nissan).

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