Remove Chinese Remove Engine Remove Industry Remove Malaysia
article thumbnail

Qiantu inks deal with Mullen to tap US market, K50 supercar to be rebranded as Mullen GT and GTRS

CN EV Post

Qiantu recently signed a strategic partnership agreement with Mullen Automotive to expand into the Americas, according to a press release from the Chinese startup today. On October 24, 2022, Qiantu and Appollen EV held a launch event in Malaysia to showcase and start pre-sales of the Qiantu K50, Qiantu K25, and Qiantu K20.

Market 78
article thumbnail

Who Really Invented the Thumb Drive?

Cars That Think

Somewhat less credibly, inventors in Malaysia and China have also claimed to be the first to come up with the thumb drive. Over the next 15 years, he rose to the rank of sales director, accumulating a wealth of experience in the electronics industry, including connections to a range of suppliers and customers.

Singapore 143
article thumbnail

Pensana plans $125M rare earth separation facility in England

Green Car Congress

The global rare earth market, driven by demand from industries including electric vehicles and offshore wind, is expected to increase five-fold by 2030 and the NdPr oxide price is forecast to increase at a CAGR of 4.8 - 9.9%, underpinning strong economics for the investment. China currently supplies 98% of Europe’s rare earth magnets.

Angola 345
article thumbnail

The Coming Boom in Rare Earths

Cars That Think

Because of their unique luminescent, electrochemical, and magnetocrystalline properties, rare-earth elements are essential to some of the most important and fastest-growing tech-based industries. That critical importance of rare-earths in so many tech industries is of mounting concern in many Western countries. President Joseph R.

Australia 107
article thumbnail

Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

Chinese car makers can undercut rivals in Europe because their production costs are heavily subsidised. The year 2023 was the first in which China’s New Energy Vehicle (NEV) 3 industry ran without support from national subsidies for EV purchases, which have facilitated expansion of the market for more than a decade.