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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.
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.
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.
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.
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.
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.
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.
In a new report , Navigant Research forecasts that the global market for e-bicycles will grow at a modest rate of 3.1% Asia Pacific is the largest market for Li-ion battery e-bicycles, due to a large Japanese and Chinese market (320,065 and 717,227 e-bicycle sales in 2013, respectively). million sales in 2020).
These are some of the findings of a new health assessment based on the Tropospheric Ozone Assessment Report (TOAR), an effort by the International Global Atmospheric Chemistry Project to create the world’s most comprehensive database of surface ozone observations from all available ozone monitoring stations around the globe. Click to enlarge.
Initially, service coverage will be provided to the Chinese market and the Asia-Pacific region with plans for expanding global coverage after 2026. Through intelligent modular manufacturing, Geespace is able to produce high-quality, easily customizable satellites to meet the growing global demand for commercial satellites.
Build Your Dreams’ (BYD) momentum in global expansion continues to snowball into new markets, including Central Asia where the Chinese automaker is launching three models beginning this month. more… The post BYD continues global expansion by entering Central Asia, launching 3 models in Uzbekistan appeared first on Electrek.
Ltd) to establish a global joint venture to capitalize on the world-wide railroad tie market through the manufacture and sale of Recycled Structural Composite (RSC) ties/sleepers utilizing their respective geographic licenses from Rutgers University. million sleepers annually; and Germany, at roughly 1 million sleepers annually.
A new study finds that the growth of carbon production from Chinese exports has slowed or reversed, reflecting a “new phase of globalization” between developing countries that could undermine international efforts to reduce emissions. The paper is published in Nature Communications.
Global refining capacity is set to expand by 1 mb/d in 2022 and 1.6 Following nearly two years of declines, observed global oil inventories increased by 77 mb in April. mb/d increase is expected next year, supported by new refinery start-ups in Africa, the Middle East and Asia. mb/d this year, eroding its spare capacity cushion.
Batteries accounted for 27% of global lithium consumption in 2012, up from 15% in 2007 and 8% in 2002. In 2012, East Asia accounted for 60% of total global consumption with Europe accounting for a further 24% and North America 9%. Roskill is an international metals and minerals market research firm.
Under the terms of the agreement, BioAmber and CJCJ plan to establish a joint venture in China to produce up to 36,000 metric tons of bio-succinic acid annually and commercialize the output in Asia. The partners would also have a mutual right-of-first-refusal to retrofit additional CJCJ fermentation facilities globally.
This increase lifts the total market share of NCM 811 (by capacity deployed) to 2% in May 2019 at the global level, and 4% for the Chinese market, from just 1% and 2% the month prior, respectively, due to the launch of a number of new EV models in China using NCM 811 cells from CATL ( earlier post ).
This marks a key step in Tesla Energys expansion into the global energy storage industry, utilizing its new China-based Megafactory to supply several new markets. Tesla Asia celebrated the Shanghai Megafactorys first Megapack exports through its official social media account on X. MWh of energy, and they are designed for grid use.
trillion, according to Airbus’ Global Market Forecast (GMF). The economic growth rates in emerging markets such as Asia, Latin America, Africa and the Middle East, are outstripping more economically developed regions. Global air passenger traffic growth. Air passenger traffic will grow annually at 4.7% Click to enlarge.
Toyota’s global sales fell over 5% last month, partly driven by the impact of BYD’s price cuts in key markets like China, Southeast Asia, and even Japan.
It is also plays a significant role in pushing forward GAC Motor’s global branding strategy. The planning and construction of this industrial park is a concrete step to implement the Chinese government’s green development goals for Guangdong and the national ‘Made in China 2025’ strategy. —Yu Jun, General Manager of GAC Motor.
Deloitte Touche Tohmatsu Limited’s (DTTL) Global Manufacturing Industry group conducted a global survey to explore consumer adoption of electric vehicles (EVs). The online survey captures the views of more than 12,000 consumers across the Americas, Asia and Europe in 17 countries. gallon US). At 12 RMB a liter ($1.83/liter,
Global wind energy capacity grew by 28.8% last year, even higher than the average over the past decade, to reach total global installations of more than 120.8 GW at the end of 2008, according to the Global Wind Energy Council. GW each of new installed capacity in 2008, with Asia closely following with 8.6 billion (US$46.8
Hyundai Motor is launching an all-new global luxury brand—Genesis—as a stand-alone brand that operates alongside the company’s popular Hyundai marque. To elevate and differentiate the Genesis brand from Hyundai, a distinct design identity, emblem, naming structure and customer service offering is being established.
The round was led by Chinese VC Fosun RZ capital, with additional funds provided by JAL ventures, previous investor Entrée Capital, Tal Capital, Union Tech Ventures, Cendana Capital and Allied Group subsidiary Champion Motors, the Israeli direct importer and distributor of Volkswagen Group.
Russia has reportedly been looking to reduce the impact of sanctions by turning to Asia for trade. China already has a strong position in the battery metal supply chain, and buying Russian nickel on the cheap as a result of sanctions would further strengthen its globally competitive position.
The new facility, which will be adjacent to the GM China International Operations and GM China Headquarters in Shanghai, will develop advanced vehicle designs and technology solutions for GM on a domestic and global basis. The Vehicle Engineering Lab will localize technology for the Chinese market.
GSR is honored to lead this round of investment in a disruptive technology that we believe has great promise for the Chinese automotive market and potentially building a global EV platform. The city of Liyang is partnering to provide prototype manufacturing support, with favorable industrial policy. Earlier post.).
of total global sales). It was one of the highest increases among all car categories on the global market, which can be explained by several factors, JATO said. Overall, 2018 marked a somewhat challenging year for the global car market, as sales fell for the first time since 2009, logging 86.01 million units. million sales.
BASF will contribute its strength as a leading global CAM supplier to the automotive industry with strong technology and development capabilities, global operations footprint, as well as strategic partnerships for raw materials supply. In Europe, BASF is investing in CAM capacities in Germany and PCAM capacities in Finland.
Half of the four major lithium producers in Yichun, Jiangxi province, nicknamed the "lithium capital of Asia," have opted to shut down production, according to local media. Some producers in a Chinese lithium-producing hub are shutting down production as lithium prices have seen a rare streak of several months of declines this year.
According to a new Leaderboard report from Navigant Research, Jiangsu Xinri E-Vehicle Company is the best positioned company in the global e-scooter market in terms of strategy and execution. Sales in regions outside of Asia Pacific are estimated at 31,338 vehicles in 2013, Navigant said. million in 2013, compared to 2.6
million) of the group’s global objective of 22 million battery-electric vehicles (BEVs) by 2028. Initiatives with all three Chinese vehicle production joint ventures – FAW-Volkswagen, SAIC VOLKSWAGEN and JAC Volkswagen – will enable this target to be reached. Together with our partners, we have advanced the Chinese automotive industry.
Chinese lithium carbonate producers have lifted domestic lithium carbonate prices, and the uncontracted spot price for battery grade lithium carbonate in China has hit levels of up to RMB 45,000/tonne, or approximately US$7,000/tonne, in recent months. This means that as well as adhering to the 99.5%
The transition to an hydroxide-dominated prevailing price becomes more evident when you look at the global supply outlook. With only 25% of refined products annually produced in metal form, the balance has been in favour of chemicals for some years, largely focused on the battery market.
Fisker Automotive also announced the appointment of Joseph Chao as Executive Vice President and CEO of China and Asia. Most recently, he served as President and CEO of SG Automotive in China and will now pave the way for Fisker’s entry into the Chinese market later in 2012. He is a real product guy for a product driven company.
Roland Berger Strategy Consultants has updated its global Li-ion automotive battery study ( earlier post ). In light of recently presented or announced vehicle models with electric, hybrid or plug-in-hybrid drives (xEV), Roland Berger experts expect the global LiB market to grow from US$1.5 Global Vehicle LiB Market Study Update.
Celanese Corporation, a global technology and specialty materials company, signed a memorandum of understanding (MOU) with Wison (China) Holding Co., a Chinese synthesis gas supplier, for the production of certain feedstocks used in Celanese’s advanced ethanol production process. Earlier post.).
Lithium miners in Yichun, nicknamed the "lithium capital of Asia," are being suspended for production violations that analysts expect will affect 13 percent of the global lithium supply if production is halted for a month. For more articles, please visit CnEVPost.
The Territory is a breakthrough for Ford in China in terms of our ability to successfully compete with Chinese automakers for millions of customers that we do not currently serve. —Peter Fleet, president, Asia Pacific and chairman & CEO, Ford China. Indigenous Chinese automakers in particular have capitalized on this trend.
ZF Friedrichshafen AG is establishing a third Chinese research and development center in Guangzhou in southern China. With their respective focus on the development of active and passive safety technology as well as driveline and chassis technology, the two centers support ZF customers throughout the Asia-Pacific region.
Over the next five years INFINITI is planning to localize five new vehicles in China, tripling our sales here in our fastest growth market, globally. As part of our roadmap to electrify our portfolio, we anticipate that by 2025, more than 50% of new INFINITI vehicles sold globally and in China will be electrified. Earlier post.)
Tesla is helping Chinese state-owned company COSCO Shipping digitize its vast shipping data. COSCO has agreed to share shipping data with Tesla so the EV maker can test the system in the Chinese company’s Shanghai port. “We Last week, Elon Musk hinted at issues with the global supply chain for raw materials.
A new Advanced Design Studio is a centerpiece of the R&D facility and represents the company’s new design hub in Asia. To even better cater to the needs of Chinese customers, units for ‘Localization & Development’, ‘Telematics & Infotainment’ and, most recently, ‘Trends & Innovation’ were subsequently established.
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