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Giga Carbon Neutrality secures contract for 200 hydrogen and battery EV trucks and machinery in China

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Giga Carbon Neutrality (GCN) has secured a contract to supply 200 hydrogen and battery EV powered heavy trucks and associated engineering machinery from The People’s Government of Ejin Horo Banner, an administrative division of Ordos City of the Inner Mongolia Autonomous Region in China. The partners plan to invest RMB 2.3

Hydrogen 221
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Rio Tinto offers $2.7B cash to buy Turquoise Hill stake in Oyu Tolgoi copper mine

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The proposal follows the comprehensive agreement reached in January between Rio Tinto, Turquoise Hill and the Government of Mongolia to move the Oyu Tolgoi (OT) project forward ( earlier post ), reset the relationship between the partners and approve commencement of underground operations. billion in cash. Rio Tinto currently owns 50.8%

Mongolia 199
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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.

San Jose 150
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Benchmark: battery supply chain hit by Chinese energy cuts

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Benchmark Minerals reports that China’s ongoing energy shortage, which has seen local governments enforce intermittent power cuts since July 2021, has begun to affect domestic anode and cathode production as several producers were forced to scale back production in late Q3.

Supplies 186
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China Yuchai enters into joint venture to expand heavy-duty diesel and gas engine production in China

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Bei Ben), and Inner Mongolia First Machinery Group Co., Yiji Group), to form a new joint venture company to be located in Baotou, Inner Mongolia. The annual production capacity of the JV Company is estimated to reach 100,000 units, subject to the prevailing market conditions. Ltd to produce the YC6K diesel engine.

China 186
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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. billion in 2020.

2020 150
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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.