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BYD sets lower sales growth & warns of looming price war

Teslarati

BYD set lower sales growth goals for 2024, warning of a looming price war and overcapacity in Mainland China’s electric vehicle (EV) sector. The Chinese automaker estimates account for some challenges BYD expects this year. In February, it slashed the prices of all its vehicles between 5% to 20%. million units.

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Saudis Expand Price War Downstream

Green Car Congress

The gross refining margin is nothing but the difference between the value of the refined products and price of the crude oil. In case of Saudi Arabia, the price of crude oil would be extremely low. Is Saudi Arabia likely to win a potential price war against Asian producers of diesel? By offering almost 2.8 In fact, at $5.60

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Tesla Bear believes TSLA India market might be even bigger than China: report

Teslarati

Roth Capital analyst Craig Irwin, who has a $150 price target on TSLA, believes Tesla’s market potential in India might be bigger than the lead EV automaker’s market in China. Since it entered the Chinese car market, Tesla’s fundamentals have improved over time.

India 145
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Global EV sales are ‘robust’ – more than 1 in 5 cars sold in 2024 will be electric

Baua Electric

While demand remained largely concentrated in China, Europe, and the US, growth also picked up in some emerging markets such as Vietnam and Thailand, where electric cars accounted for 15% and 10%, respectively, of all cars sold. Last year, global electric car sales soared by 35% to almost 14 million.

Global 52
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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. BYD is pressuring legacy automakers after slashing EV prices and introducing a series of more affordable “Honor Edition” models. The first model is expected to roll out in 2026 with prices around $25,000.

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Celanese sees new TCX ethanol process as key component in future growth; a paradigm shift in ethanol production

Green Car Congress

a Chinese synthesis gas supplier, for the production of certain feedstocks used in the TCX process. Celanese on the projected ethanol cost curve in China, based on its internal management estimates, available public information and recent market raw material prices. Earlier post.). Source: Celanese. Click to enlarge.

Future 210
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BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

Green Car Congress

billion, level with 2019 despite falling unit prices. China’s e-bus prices have declined, while annual sales have slowed due to the decrease in purchase subsidies as well as market saturation in large cities. billion, Vietnam 89% higher at $7.4 Domestic installation of energy-efficient heat pumps came to $50.8 billion last year.

2020 259