article thumbnail

China’s economic stimulus to spark robust copper consumption in 2024 – ET Auto

Baua Electric

New Delhi: China is expected to amplify its stimulus efforts next year, potentially boosting demand for metals, with copper consumption forecasted to rise, the Commodity Outlook Report 2024 by ICICIDirect said in a report.

article thumbnail

Zero-Emission Truck (ZET) Coalition calls for government to prioritize investments benefiting ZETs

Green Car Congress

The National Zero-Emission Truck (ZET) Coalition, including some four dozen organizations representing the US’ major heavy truck makers, innovators, suppliers and key stakeholders, sent a letter to Congressional leadership calling on any stimulus or recovery legislative package to prioritize investments that benefit U.S.

article thumbnail

Germany and Namibia form partnership for green hydrogen

Green Car Congress

The global race for the best hydrogen technologies and the best sites for hydrogen production is already on. The Federal Research Ministry will provide up to 40 million euros in funding from the economic stimulus package for cooperation within the framework of this partnership. We want to take this chance together.

Namibia 337
article thumbnail

China EV industry sell-off creates opportunity, says Morgan Stanley

CN EV Post

Hsiao's team believes that significant margin pressure from price wars will fuel market concerns about industry profitability and cash flow, especially among new energy vehicle (NEV) heavyweights, namely BYD and Tesla China, which can afford to initiate another round of price cuts in the second quarter.

article thumbnail

BYD sells 18,220 EVs in China in November, up 128% year-on-year

Green Car Congress

Its January-November production fell by 9.7% China’s NEV industry was hit by the Covid-19 outbreak in this year’s first quarter. The market began to recover in the second quarter, supported by government stimulus measures to encourage the use and purchases of such vehicles, notes Argus Media. on the year. BYD also produced 1.94

BYD 294
article thumbnail

thyssenkrupp Steel, HKM and Port of Rotterdam jointly investigate setting up hydrogen supply chains

Green Car Congress

Vast imports of hydrogen will be necessary if Europe and Germany want to reduce CO 2 emissions and become climate-neutral by 2050, while maintaining its strong industrial backbone. HKM is producing about four to five million tons of steel in a year, with a share of 12% of the steel production in Germany.

Hydrogen 305
article thumbnail

IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

Green Car Congress

IHS Markit is forecasting that global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 will be down 22% (more than 650,000 units) to 2.6 Most commercial vehicle factories in mainland China have returned to production. The local industry is already recovering, with commercial vehicle plants re-opened.

2020 191