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Roskill: automotive batteries and stainless steel to drive nickel demand

Green Car Congress

per year over the course of the forecast period, due to rising output in China and Indonesia. Two-year LME cash price chart for nickel. Supply growth to come mainly from China and from Indonesia. In recent years, Chinese producers have been investing heavily in nickel pig iron (NPI) plants in Indonesia. Click to enlarge.

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BYD EV sales grew nearly 50% in January as exports reached a new high

Baua Electric

Interestingly, BYD’s all-electric vehicles are beginning to outpace its plug-in hybrids (PHEVs). BYD’s PHEV sales were up 21% to 95,715 last month. BYD Yangwang U7 (Source: Yangwang) The brand revealed its premium Yangwang U7 electric sports sedan last month with over 1,000 hp and a starting price tag of over $140,000 (1 million RMB).

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New report finds global CO2 vehicle emission reduction measures falter; dropping diesels, increasing SUVs

Green Car Congress

There are several reasons for these differences, including fuel prices, and average vehicle size. China saw new registrations of LDVs increase 17% per year in the period 2005 to 2017 while India saw an increase of 9% and Indonesia 7%. In contrast, the improvement of fuel use per kilometer in emerging economies accelerated to 2.3%.

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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

As the market matures, the industry is entering a phase marked by increased price competition and consolidation. At the start of 2023, PHEV subsidies were phased out, resulting in lower PHEV sales compared to 2022, and in December 2023, all EV subsidies ended after a ruling on the Climate and Transformation Fund.