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Rio Tinto confirms $6.75B development capital for Oyu Tolgoi underground; production by Oct 2022

Green Car Congress

Rio Tinto unveiled a pathway for the ongoing development of the underground project at Oyu Tolgoi in Mongolia, one of the largest known copper and gold deposits in the world ( earlier post ). In 2019, Rio Tinto projected that cost overruns would take the capital requirement to between $6.5 billion and $7.2

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Teco to begin producing E-Bus hub motors in April, May

Green Car Congress

Taiwan’s Teco Group will start producing the first batch of in-wheel (hub) electric motors in April or May, according. The hub motors will be installed in electric buses in Japan, with each vehicle using eight such propulsion devices. to the chairman C.K. Teco signed a cooperation agreement with SIM-Drive Corp.

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Rio Tinto and First Quantum Minerals partner to progress the La Granja copper project in Peru

Green Car Congress

Developing La Granja would also further strengthen Rio Tinto’s copper portfolio following the acquisition of Turquoise Hill Resources and commencement of underground mining at Oyu Tolgoi in Mongolia.

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NIO unveils production electric SUV for China market; NIO ES8 to launch end of this year

Green Car Congress

China-based electric vehicle startup NIO unveiled the NIO ES8, an electric SUV planned for serial production for the China market later this year. The NIO ES8 is a full-size 7-seat electric SUV with a 2-3-2 seating arrangement. NIO intends to equip the ES8 with a swappable battery pack.

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8 development banks commit to provide more than $175B to scale up support for sustainable transport

Green Car Congress

Rapid motorization is creating more congestion, air pollution, traffic accidents and greenhouse gas emissions—especially in developing countries. Developing countries have the opportunity to leapfrog to a greener future of less motorization, shorter commutes, and more energy efficient transport systems.

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GE Transportation Unveils New Evolution Series Locomotive; 17% Reduction in Fuel Consumption, 70% Reduction in Emissions

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GE’s new AC motors have fewer parts to maintain and eliminate the electrical problems that hamper DC motors. Evolution Series Locomotives currently are operating in the United States, Canada, Mexico, Brazil, China, Mongolia, Australia, Kazakhstan and Egypt.

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GE’s Evolution Series Locomotive Delivers 6% Fuel Advantage Over Competitor

Green Car Congress

GE’s new AC motors have fewer parts to maintain and eliminate the electrical problems that hamper DC motors. GE Transportation has delivered more than 3,200 Evolution Series locomotives to its railway customers operating in the United States, Canada, Mexico, Brazil, China, Australia, Mongolia, Kazakhstan and Egypt.

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