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Stranded assets: Chinese fossil car production plunges amid surging EV demand

The Driven EV News

Is this the canary in the coal mine for the global ICE vehicle death spiral? The post Stranded assets: Chinese fossil car production plunges amid surging EV demand appeared first on The Driven. "Zombie" ICE vehicle factories are sitting idle in China thanks to plummeting demand.

Chinese 129
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Major deposits of rare earth elements reported at Ramaco’s Brook Mine in Wyoming

Green Car Congress

In association with researchers from the Department of Energy’s National Energy Technology Laboratory (NETL) and analysts at mining consultancy Weir International, metallurgical coal producer Ramaco Resources released an independent Exploration Target report with technical assessment of rare earth elements (REE) found at its Brook Mine in Wyoming.

Wyoming 467
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Benchmark: battery supply chain hit by Chinese energy cuts

Green Car Congress

China’s trade war with Australia, which has coincided with industrial expansions this year, has led to a coal shortage, which fuels much of China’s electricity supply. The government is pushing for an upgrade in coal-powered electricity infrastructure, diversification of energy sources, and mass adoption of energy storage technologies.

Supplies 186
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Utility solar dethrones coal as the cheapest power source in Asia

Baua Electric

Photo: China News Service Renewable energy costs in Asia last year were 13% cheaper than coal and are expected to be 32% cheaper by 2030, according to a new study. This is significant because it marks a shift toward making renewables increasingly competitive with coal, a mainstay in APAC’s energy mix. Get started here. –

Asia 52
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Rostec and Shenhua to invest up to $10B into coal mine development and infrastructure in Russian Far East; coal and power

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Russian State Corporation Rostec, one of the largest Russian industrial conglomerates, and Chinese State Corporation Shenhua, the world’s leading producer and distributor of coal, have signed a Memorandum of Understanding. High calorific value coal concentrate will be exported to Asia-Pacific countries, mainly to China.

Coal 210
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Sinopec establishes coal-to-chemical unit

Green Car Congress

(Sinopec Group) formally established a coal-to-chemical unit in Beijing on September 28. will take charge of the investment and operation of coal-to-chemical business of the parent company, construction of the coal-to-chemical projects, as well as professional management of the coal-to-chemical business.

Coal 231
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Shell, Shenhua to Partner on RD in Advanced Coal Technology; Shell Qualifies 3 Chinese Companies to Manufacture Gasification Technology

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Shell Coal Gasification Process. Shell (China) Limited and Shenhua Coal to Liquid and Chemical Co. Shenhua) have agreed to seek opportunities for conducting joint research and development in advanced coal technology. Shenhua Coal to Liquid and Chemical Co. Shenhua Group is the world’s largest coal company.

Coal 199