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SK Innovation Q2 profit tops forecast, battery unit eyes EV demand recovery – ET Auto

Baua Electric

SK Innovation Co Ltd said on Monday its SK On battery-making unit is on target to breakeven in the second half of this year after it posted a forecast-beating operating profit in the first quarter, sending its shares up over 6.0%. . billion won in the previous quarter due to fewer EV battery shipments. rise as of 0336 GMT.

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Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

Green Car Congress

DB has lowered its advanced lithium-ion battery cost projection by about 30% for 2012. ” Their analysis is in the context of the “ surprising [oil] demand strength of 2010 “; 2010 saw absolute incremental demand at around 2.2mb/d of growth—the second highest in 30 years, despite oil prices in the $90/bbl region.

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Nissan’s Big Gamble

Revenge of the Electric Car

Those who make the decisions to forgo battery EVs in favor of plug- in hybrids only ignore a sizable market. That bet takes shape at a new lithium ion battery plant and at an electric-vehicle assembly line that Nissan will build at its Smyrna, Tenn., “A lot of Americans really want to stop using imported oil,&# he says.

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