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Argus: China’s Southern Rare Earth ups Tb, Ho, Gd, Dy prices; rising magnet demand

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Restocking demand from magnet manufacturing plants started to recover from mid-October because of limited rare earth feedstock inventories and a rise in magnet sales. Argus produces price assessments and analysis of international energy and other commodity markets, in addition to offering bespoke consulting services and conferences.

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IHS Markit: better-than-expected growth in global automotive semiconductor revenue in 2020; bolstered by uptake in EVs

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Two factors are driving the recovery, notably low automotive inventory that will result in new car growth next year, combined with stimulus packages designed to benefit the ailing car sector while favoring the switch to electric and hybrid cars, which are typically more expensive than equivalent internal combustion-driven models.

2020 170
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China Forecast to Produce 12M Vehicles This year

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The government’s stimulus plan for the auto industry formulated this year had achieved great success in terms of boosting domestic demand and ensuring the industry growth, he said at the on-going 2009 International Forum on Chinese Automotive Industry Development held in Tianjin. million units in July, up 63.57

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Chrysler Disbands ENVI Electric Vehicle Group; Function Absorbed into Traditional Line Organization

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At the North American International Auto Show in January 2009, Chrysler had introduced two new EV concepts and updates on three earlier EV concepts developed by the ENVI group. Reuters reports that Chrysler has disbanded its ENVI team, formed in 2007 to bring electric-drive vehicles and related advanced-propulsion technologies to market.

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Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

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Additionally, through its stimulus programs and local industrial policies, the Chinese government is providing a range of grants, low-interest loans and related financial and tax incentives. Along with Founder and International Chairman Dr. Christina Lampe-Önnerud, Boston-Power’s board includes Bandel Carano, managing partner, and Allan C.Y.

Boston 199
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GE to Open Sodium-Metal Halide Battery Plant in New York

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The announcement coincides with GE’s submission this week for federal stimulus dollars from the US Department of Energy. Immelt said that GE expected to generate about $500 million in sales from its batteries by 2015, building forward to a $1-billion franchise over time. The initial investment in the factory will be $100 million.

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Boston-Power to supply Li-ion battery systems to Beijing Electric Vehicle Company for EVs, starting with Saab 9-5 based C70

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The systems will be based on Boston-Power’s second-generation Swing 5300 cells, said Dr. Christina Lampe-Önnerud, Boston-Power’s Founder and International Chairman. China is targeting the cumulative production and sales of more than 5 million new energy vehicles, including fuel cell vehicles, by that time as well. Earlier post.).

Boston 265