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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

Green Car Congress

The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. million b/d since the start of 2020, contributing 184,000 b/d to the global decline in 2021. million b/d in 2022 and by an additional 1.6

Global 448
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Cheaper EVs are starting to show up in smaller global markets – Charged EVs

Baua Electric

Media coverage of EVs tends to focus on the world’s largest auto markets: North America, Europe and Asia. Until recently, that’s been where most of the action was, but in many smaller markets around the world, voltage levels are starting to rise. In these three markets, both versions start under $25,000.

Market 52
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BYD plans to launch Tesla Cybertruck competitor in 2024

Teslarati

According to the Chinese company’s announcement, it has developed a midsize-to-large pickup truck for the global market. BYD’s electrified pickup might not be sold in the US market, despite it being the most popular market for pickup trucks.

BYD 98
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BYD issues discount in China as the EV price battle continues

Teslarati

While the effects of Tesla’s price cuts earlier this year have certainly been felt in western markets, the impact has been even more profound in China, where Tesla is locked in a head-to-head battle for EV sales dominance with BYD. The automaker has issued a discount for customers to reserve a BYD Seal EV sedan or Song Plus EV SUV.

BYD 106
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Axion International signs LOI to form global JV with Sicut Holding to target $8B railroad tie market with recycled structural composites

Green Car Congress

Ltd) to establish a global joint venture to capitalize on the world-wide railroad tie market through the manufacture and sale of Recycled Structural Composite (RSC) ties/sleepers utilizing their respective geographic licenses from Rutgers University. million sleepers annually; and Germany, at roughly 1 million sleepers annually.

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Volkswagen picks up pace of transformation with new ACCELERATE strategy

Green Car Congress

The focus here will be on becoming more resilient to fluctuations in the market. In South America and the United States, Volkswagen is striving to break even in the current fiscal year. In South America and the United States, Volkswagen is striving to break even in the current fiscal year. The all-wheel-drive ID.4

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JATO: Global car sales up by 2.8% in Q1 2016 due to SUV boost in China and Europe

Green Car Congress

million LCVs and passenger car units were sold across all segments globally in Q1 2016—a 2.8% increase (558,700 more units) on the same period in 2015—largely driven by growth in the Chinese and European markets. As a result of the growth, the market share of the SUV segment jumped to 27.4% million units sold.

2016 150