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Benchmark: Chinese cell oversupply putting pressure on Tier 3 producers

Green Car Congress

Benchmark’s Lithium ion Battery Cell Database shows the Chinese market’s surplus will continue to grow to at least 2030. This makes the non-Chinese market vital for producers in the country to find customers. Total Chinese Tier 3 production next year is forecast to be 2% larger than the demand for Tier 3 batteries globally.

Chinese 259
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Battery-grade lithium carbonate forecast to trade at $74K/tonne in 12 months

Green Car Congress

Trading Economics global macro models and analysts expectations forecast battery-grade lithium carbonate to trade at 504,813 CNY (US$74,000) per tonne in 12 months time. Lithium carbonate is forecast to trade near its high. Lithium is expected to trade at 484,185.00 by the end of this quarter. Source: Trading Economics. Earlier post.).

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BYD Chairman forecasts falling profit margins in 2024

Teslarati

BYD Chairman Wang Chuanfu forecasts falling profit margins in 2024 but remains confident that the company will maintain stable profitability. Based on the CPCA Secretary General’s numbers, BYD might not be the only Chinese automaker to see falling profit margins. BYD hopes to ensure stable profitability by improving sales.

BYD 81
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Morgan Stanley raises CATL price target & forecasts strong profit growth for 2024

Teslarati

Morgan Stanley forecasted that the Chinese battery supplier will return to solid profit growth later in 2024. The Chinese automaker appears to be strengthening its position in China by working with other prominent companies domestically. The Chinese automaker isn’t just focused on China, though. to RMB 180.85

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IEA forecasts world oil demand to hit record 101.9 million b/d in 2023; non-OECD to account for 90% of growth

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In its April Oil Market Report , the International Energy Agency (IEA) forecasts that world oil demand will climb by 2 mb/d in 2023 to a record 101.9 IEA forecasts global refining throughput to average 82 million barrels per day this year, 0.1 million barrels per day. OPEC+ is expected to drop by 760 kb/d.

Oil 186
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Chinese language automakers to take hold of majority percentage of home gross sales for first week, forecast says

Baua Electric

AlixPartners forecast China’s total auto gross sales would develop 3 p.c It forecast expansion to 30.6 However Chinese language EV makers have additionally received field from a focal point on options reminiscent of complex driving force backup methods even on less expensive automobiles, the company mentioned.

Chinese 52
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IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

Green Car Congress

The IEA June 2022 Oil Market Report (OMR) forecasts world oil demand to reach 101.6 mb/d in 2023, according to the forecast. mb/d this year, world oil demand is forecast to expand by 2.2 Runs are forecast to rise by 3.5 mb/d in 2023, surpassing pre-pandemic levels. mb/d in 2022 to 2.2 Following gains of 1.8 mb/d to 101.6

Oil 210