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Hexa Research forecasts $10.96B global rare earth elements market by 2020

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will drive global market growth, resulting in a global rare earth elements market reaching $10.96 Phosphor is essential to manufacture of consumer electronic components such as LCD screens and CRT displays. China, with more than 93% of the global production, was the largest producer of neodymium in 2012.

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

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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 manufacturing and supply chain that will produce the ES8 is already in place, the company said. The NIO ES8 is a full-size 7-seat electric SUV with a 2-3-2 seating arrangement.

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Lotus Emeya completes rigorous three year testing program ahead of deliveries this year [Video]

Baua Electric

The consumer market is on the cusp of deliveries of the Lotus Emeya – the hypercar manufacturer’s first four-door model ever. The Geely-owned sports car manufacturer has vowed to go all-electric and intends to utilize a $1.2 Other markets should see the Hyper-GT later this year.

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4,500th GE Evolution Series Locomotive enters service; reductions in fuel consumption and emissions

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The Evolution Series Locomotives operate in key rail markets worldwide, including in the US, Canada, Mexico, Brazil, Egypt, Kazakhstan, China, Mongolia, and Australia. The Texas facility will manufacture, assemble and remanufacture GE’s rail and transportation-related products.

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Shell, Shenhua to Partner on RD in Advanced Coal Technology; Shell Qualifies 3 Chinese Companies to Manufacture Gasification Technology

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Additionally, Shell Global Solutions International B.V. Shell) also qualified three Chinese companies for the manufacture of key equipment for the Shell Coal Gasification Process (SCGP), in order to make the Shell technology more competitive in the Chinese market. Shell and Shenhua. Dongfang Boiler Group Co.,

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Saab Automobile enters agreement with Hawtai Motor Group on strategic partnership

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in financing ( earlier post ), conditionally secures medium-term funding and includes financing in the form of subscription agreements in the amount of €150 million (US$222 million) as well as a strategic alliance for China including joint ventures on manufacturing, technology and distribution.

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Benchmark: China dominates Li-ion battery supply chain

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China dominates the global Li-ion battery supply chain to the extent that removing the country in favor of European or North American alternatives will be difficult, according to analysis by Benchmark Minerals Intelligence. Despite mining less than 10% of the global supply, China refines 95% of it.

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