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Avass Group to manufacture EVs, lithium batteries in Saudi Arabia

Green Car Congress

Australia-based Avass Group recently signed an agreement with Saudi Arabia to jointly manufacture electric vehicles and lithium batteries. The agreement bolsters Avass Group’s plans to mass manufacture full electric buses and lithium batteries in Saudi. Allen Saylav, Group Chief Executive Officer at Avass.

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Eni report: global oil reserves and oil production up in 2018 due to US

Green Car Congress

In 2018, global oil reserves rose slightly (+0.4%), mainly due to growth in the US. Source: Eni World Oil Review 2019. WTI, the US light crude, covers 60% of global growth. The surplus in the Middle East is slightly up, due to the year-end increases of big producers (Saudi Arabia, Iraq and U.A.E.).

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IHS Markit: 10 MMb/d of oil production cuts coming

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Demand is collapsing because of the closure of a large share of the global economy because of coronavirus disease 2019 (COVID-19). IHS Markit revised its global oil production outlook to reflect practical limits to crude oil storage capacity. Under current conditions second quarter global demand for oil is expected to be 16.4

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HiPhi Y electrical SUV to settingup on July 15 for 52,200 USD. Nio ES6 competitor

Baua Electric

HiPhi additionally identified that the settingup will transform a global premiere with a key target market in China, Japan, the United Kingdom, Germany, Norway and Saudi Arabia. We can remind you that HiPhi is a high-end automotive logo below the Human Horizons Corporate, introduced in 2019. billion USD.

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Volocopter gets green light to begin serial production of its eVTOLs in Europe

Baua Electric

The company has quickly become one of the biggest names in the booming UAM industry as it expands eVTOL aircraft trials globally. Outside of Germany, Volocopter has found several suitors ahead of full-scale VoloCity production, including companies in Japan and the futuristic city of NEOM in Saudi Arabia.

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IMO environment meeting adopts mandatory energy efficiency measures for international shipping; first mandatory global GHG reduction regime for an international industry sector

Green Car Congress

These measures constitute the first mandatory global greenhouse gas reduction regime for an international industry sector. of global greenhouse gas emissions. Unregulated, these emissions are expected to reach 6% of global emissions by 2020 and to double or triple by 2050. Earlier post.) International shipping accounts for 2.7%-3.3%

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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

Green Car Congress

In practice, the call for a change is a call for Saudi Arabia and Russia, the two dominant global crude exporters, which each daily export over seven-plus mmbbls (including condensates and NGLs) and which each see the other as the key to any "balancing" moves, to bear the brunt of any production cuts.

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