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Visiting Chinese trade official warns EU on greentech probe – ET Auto

Baua Electric

Wang Wentao is traveling through Europe for discussions about the European Commission’s investigation into whether China’s electric vehicle industry has benefited from unfair subsidies. Earlier this week, Wang was in France where he met French Finance Minister Bruno Le Maire.

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Tesla Supplier LG Energy Solution tempers 2024 revenue expectations

Teslarati

Companies fear high interest rates may increase financing costs and hinder growth in major economies like China and Europe, impacting car buyers in the long run. “LGES shares were down even before the earnings announcement mostly because of GM’s earnings overnight, but we saw further drops during LGES’ earning conference call because (..)

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Big Oil Betting On Electric Vehicles

Green Car Congress

Speaking this week at the Bloomberg New Energy Finance conference in New York, Total SA’s chief energy economist, Joel Couse, forecasted that EVs will make up 15 to 30 percent of global new vehicle sales by 2030. Automakers are feeling pressed by strict emissions reduction rules in Europe and China, with other markets like the U.S.,

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Good news – the world has a real chance of achieving its goal of tripling renewables by 2030

Baua Electric

The world added 50% more renewable capacity in 2023 than in 2022 –and that means it has a real chance of achieving the goal set by governments at the COP28 climate change conference of tripling global capacity by 2030. The increases in renewable energy capacity in the US, Europe, and Brazil also hit all-time highs.

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Audi CEO Duesmann pushes back against politicians opposing ICE ban

Teslarati

Audi CEO Markus Duesmann is pushing against politicians in Europe who oppose the bans internal combustion engine ban in 2035 while resolidifying his company’s plans to only offer fully-electric vehicles from 2026 on. “From 2026, Audi will only be launching purely electric models.” I’d love to hear from you!

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Stellantis, LGES enforcing ‘contingency plans’ for EV battery plant in Ontario

Baua Electric

Previous, Finance Minister Chrystia Freeland stated Canada was once having “good discussions” with Stellantis, then a newspaper reported that automaker was once on the lookout for higher govt subsidies than at the start presented through Ottawa. .” “We proceed to barter in excellent religion with our companions.

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Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

The 4,000 km Druzhba pipeline delivers about 1 mmbbl/day of crude to Europe—about 30 percent of total shipments to Europe. The transition in Europe to hybrid natural gas pricing models (which take European spot hub prices into account) also has pressured natural gas pricing. In the Far East, Rosneft shipped 22.6

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