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BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

Green Car Congress

Steel is responsible for around 7% of man-made greenhouse gas emissions every year and is one of the world’s most polluting industries. Government and corporate net-zero commitments are pushing the steel industry to cancel out its emissions by 2050. The steel industry cannot afford to wait for the 2040s to start its transition.

Hydrogen 221
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New fka and Roland Berger E-Mobility Index finds China best prepared for electric mobility among all automotive nations

Green Car Congress

China continues to be the leading country for e-mobility in terms of industry and market, according to the E-Mobility Index 2019 from fka GmbH and Roland Berger GmbH. Chinese vehicles are improving significantly and becoming safer and more efficient. France drops to fourth place, while Japan drops from fourth to fifth place.

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BYD takes 20% of Japan’s EV imports in January after launching just last year

Baua Electric

BYD continues its dominant overseas expansion after accounting for over 20% of Japan’s EV imports last month. After launching just last year, BYD is already making its presence known as Japan lags behind the auto industry’s shift to electric. More importantly, Japan isn’t known for its imports. Starting at ¥3.63

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Toyota to receive $853 million subsidy to expand local battery production

Teslarati

Toyota Motor Company is expected to receive an $853 million subsidy from Japan’s industry ministry to expand its electric vehicle (EV) battery production. Toyota plans to produce low-cost battery cells with 621 miles of cruising range before 2030. Toyota has ambitious EV battery production plans for the future.

Toyota 89
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China says it will ‘rein in’ the flood of EVs coming our way

Baua Electric

BYD Atto 3 (Source: BYD) Europe and the US say that Chinese EV development is running wild and unchecked and on the verge of overwhelming the global market with, well, EVs the rest of the world can’t compete with. China’s EV industry is a true powerhouse, and one of the few economic bright spots for the country, reports the FT.

China 52
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BYD sees NEV share reaching 50% in the next 3 months in China as EV price war heats up

Baua Electric

BYD Atto 3 (Source: BYD) After dominating their domestic market, Chinese NEVs are now expanding overseas. Electric vehicles pushed China past Japan to become the global auto export leader. Meanwhile, Wang warned the industry is entering a tough stretch, and automakers need to scale and grow their brand as quickly as possible.

BYD 52
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BYD to slash EV prices even more with new platform as it looks to crush ICE car sales

Baua Electric

A new report claims BYD’s new EV platform will slash costs even further as the automaker kicks off a “liberation battle” against gas-powered cars. Best known for its low-cost EVs, such as the Dolphin, Atto 3, and sleek Seal sedan, BYD is taking its game up a notch in 2024. BYD is leading an offensive against ICE vehicles.

BYD 52