article thumbnail

Southeast Asia market will become a competitive place for Chinese and Japanese car companies

Setec Powerr

Europe, the birthplace of the automobile industry, to North America across the Pacific Ocean, has always been the top stage that Chinese car companies hope to step on. With the current sales figures and the seductive future expectations, Southeast Asia has successfully attracted the attention of Chinese car companies.

Asia 97
article thumbnail

Nikkei: China boosts domestic rare earths quota by nearly 30%

Green Car Congress

China’s Ministry of Industry and Information Technology and Ministry of Natural Resources jointly announced that the production quota for the first half of this year will be 84,000 tons, a major jump from the 66,000 tons last year and the highest target to date for the first half. It announces a quota twice a year.

China 301
article thumbnail

New phase of globalization could undermine efforts to reduce CO2 emissions

Green Car Congress

A new study finds that the growth of carbon production from Chinese exports has slowed or reversed, reflecting a “new phase of globalization” between developing countries that could undermine international efforts to reduce emissions. The paper is published in Nature Communications.

Global 170
article thumbnail

Study: countries seeking to cut CO2 emissions must get a handle on city-level emissions

Green Car Congress

Using China as a model, the team compared emissions data from 180 cities across the country, looking at the industrial make-up of each city, its socioeconomic profile, and the types of energy produced and consumed. Total CO 2 emissions of 182 Chinese cities. Shan et al. Yuli Shan, Dabo Guan, Klaus Hubacek, Bo Zheng, Steven J.

Emissions 210
article thumbnail

Wärtsilä enters into licence agreement with CSSC Guangzhou Marine Diesel Engine Co. Ltd for manufacture of Wärtsilä 2-stroke engines in China

Green Car Congress

With the shipbuilding industry increasingly concentrated in Asia, the local manufacture of Wärtsilä’s marine engines is a key element in the company’s growth strategy. GMD is based in the Panyu District, close to the major Chinese city of Guangzhou and the special administrative region of Hong Kong.

Mariner 186
article thumbnail

Global EV sales are ‘robust’ – more than 1 in 5 cars sold in 2024 will be electric

Baua Electric

Rising EV sales are set to remake the global auto industry and significantly reduce oil consumption for road transport, according to the new edition of the IEA’s annual Global EV Outlook , released today. This shift will have major ramifications for both the auto industry and the energy sector.

Global 52
article thumbnail

BYD to kick off EV production at new Thailand plant in Q3 as overseas expansion accelerates

Baua Electric

According to recent reports , BYD is pushing back plans for an additional factory in Vietnam amidst the expansion. According to the Federation of Thai Industries , ICE car production fell 95% year over year in January, while EV production skyrocketed 9,214%.