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China’s economic stimulus to spark robust copper consumption in 2024 – ET Auto

Baua Electric

Demand from China’s green energy sector, notably for electric vehicles and power infrastructure, is expected to underpin copper prices. As the country ramps up its economic stimulus, imports of unwrought copper, copper products, and ores are projected to increase in anticipation of higher demand.

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ABB launches first DC fast charger compliant with Chinese GB standard

Green Car Congress

ABB launched Terra 53 Z, its first high power DC fast charger that complies with the Chinese GB standard. The launch of the Terra 53 Z DC fast charger turns the Terra 53 series into the world’s first DC fast charging solution to offer specific types complying with the three global open charging standards: SAE Combo, CHAdeMo and China GB.

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Industrial material prices fall sharply on concerns about Chinese slowdown – ET Auto

Baua Electric

Crude steel production in China also increased 6 per cent to 261.6 Prices for industrial materials such as ferrous and nonferrous metals are plummeting, with steel marking a five-year low as concerns grow about a slowing Chinese economy and a resulting supply glut, reported Nikkei Asia. million tonne, according to Nikkei Asia.

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Argus: China’s Southern Rare Earth ups Tb, Ho, Gd, Dy prices; rising magnet demand

Green Car Congress

Chinese medium and heavy rare earths producer Southern Rare Earth has continued to raise its weekly prices for terbium, holmium, gadolinium and dysprosium, supported by a shortage of spot supplies and firmer magnet demand, according to Argus. Argus assessed the range for 99.5-99.9%

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Boston-Power to supply Li-ion battery systems to Beijing Electric Vehicle Company for EVs, starting with Saab 9-5 based C70

Green Car Congress

As the automotive market took off, we were invited into China at a time when it is incredibly exciting to be in China; the players are working very hard. The Chinese government is putting incentives in place to have the market grow. China is taking off in electric transport. I think this is the new China.

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Yardney and Coda Automotive Form JV for US Automotive Li-ion Systems Production; Lishen Expected to Participate

Green Car Congress

Coda Battery Systems LLC submitted a proposal under the stimulus grant program to the Department of Energy on 19 May for funding to build manufacturing at a facility in Enfield, CT. Coda Battery Systems LLC will begin supplying the power battery system for the Coda sedan as soon as the new US facility can be brought on-line.

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Tesla stock: Morgan Stanley pumps the brakes and lowers PT ahead of earnings

Teslarati

It also dominated EV deliveries in the United States and Europe and was toward the top of the list in China. The market is over-supplied vs. demand. Tesla will report Earnings on Wednesday. The company reached its 1.8 million unit delivery goal in 2023.