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BNEF projects impact of COVID-19 on renewables, energy storage, EVs, etc.

Green Car Congress

The global auto market is very sensitive to macroeconomic conditions and will be hit hard by the coronavirus and any economic contraction that accompanies it, BNEF says. Early data from the main markets in Asia shows a drop in vehicle sales of 44% for China and 18% for Korea, two of the hardest hit countries. Chart: BloombergNEF.

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The new Tesla Model Y push for global dominance officially begins

Teslarati

Tesla’s push for the new Model Y’s global dominance has officially started. Deliveries coming soon pic.twitter.com/UYQdXCxD07 — Tesla Asia (@Tesla_Asia) February 18, 2025 New Model Y ramp: Tesla Asia officially announced through its official account on X that the new Model Y has started production in Gigafactory Shanghai.

Global 111
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Ford reorganizes Asia Pacific markets; establishes stand-alone China business

Green Car Congress

Ford Motor Company is reorganizing its Asia Pacific operations. As part of those actions, which include hiring a new President and CEO (Anning Chen) for Ford China, Ford China is elevated to a stand-alone business unit reporting to Ford global headquarters. —Ford President and CEO Jim Hackett.

Asia 207
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Daimler takes 12% stake in Chinese parter BAIC Motor; first non-Chinese automotive company to acquire an interest in a Chinese OEM

Green Car Congress

This marks the first investment by a non-Chinese automotive company in a Chinese OEM. The official closing of the transaction followed a short time after the signing of the investment agreement between the two companies in Stuttgart earlier this year and a smooth approval by the relevant Chinese authorities.

Chinese 259
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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

Green Car Congress

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. “ million of them—roughly 30% more units than conventional electric vehicle makers did.

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Continental AG Opens Asia HQ and RD Center in Shanghai

Green Car Congress

The international automotive supplier Continental AG has opened its new Asia Headquarters and R&D Center in Shanghai’s Yangpu district, China. The Center aims to provide increased localization and advanced technical support to customers in the Chinese market.

Asia 186
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NOAA: May Global Temperature is Warmest on Record; Spring and January-May also Post Record-breaking Temps

Green Car Congress

The combined global land and ocean surface temperature was the warmest on record for May, March-May (Northern Hemisphere spring-Southern Hemisphere autumn), and the period January-May, according to the US National Oceanic and Atmospheric Administration (NOAA). Global highlights for May 2010. Global Highlights for March-May 2010.

Global 259