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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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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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Rystad Energy: Synthetic graphite key to meeting battery demand surge, despite ESG concerns

Green Car Congress

As demand for electric vehicles (EVs) soars, spurred by government incentives and a push to decarbonize the transportation sector, the global battery industry is set to attract significant attention and investment. Today, about 14% of the global BAM feedstock is natural graphite, and 78% is synthetic. million tonnes last year.

Energy 195
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Tesla works with global shipping company to digitize data and “stabilize logistics networks”

Teslarati

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.

Global 142
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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

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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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BASF and Shanshan to form JV to produce cathode active materials and precursors in China

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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.

China 186
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BioAmber and CJ CheilJedang plan JV for bio-succinic acid production in Asia

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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.

Asia 150