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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 new chargers will be manufactured locally in Shenzhen at ABB’s recently established base for electric vehicle chargers. Earlier post.)

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A123Systems Raises $69 Million in New Round of Private Financing; GE Increases Ownership to More than 10%, Director of GE Global Research to Join Board

Green Car Congress

Mark Little, GE’s Senior Vice President and Director GE Global Research, will join A123Systems’ board of directors. In addition to the private capital, A123 is seeking funds under federal and state stimulus and other programs to ramp up its production capabilities in Michigan. We’ve accelerated our plans to expand our US manufacturing.

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Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

Green Car Congress

The growth capital and Chinese government incentives will be used predominantly to scale manufacturing, research and development, and business development activities in China for the company’s energy storage technology and products. Boston-Power, Inc., GSR Ventures has offices in Beijing and Silicon Valley. Purcell, Jr., Earlier post.).

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Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

Green Car Congress

Key developments in the transportation sector that they note include: Positive for gasoline demand: Strong Chinese car growth in 2010, particularly in the first half of the year, with vehicle sales up 30% year-on-year (YoY) through the first eleven months of 2010. passenger cars will outgrow larger vehicles due to favorable policies.

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ZAP, Zhejiang Jonway Partner to Target China and Export EV Markets

Green Car Congress

US-based electric vehicle provider ZAP and China auto manufacturer Zhejiang Jonway Automobile Co. have entered a commercial agreement to produce electric sport utility vehicles (SUVs), cars and other electric vehicles in China for domestic and global distribution. The Jonway A380. Click to enlarge.

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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. This electric vehicle venture is a major strategic step for Yardney. Connecticut-based Yardney Technical Products, Inc. Earlier post.). Earlier post.).

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