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EIA: Crude oil demand returns faster than supply, increasing prices and reducing inventories

Green Car Congress

The price of US benchmark West Texas Intermediate (WTI) crude oil is near its highest level since 2014, increasing rapidly from low prices in mid-2020 as demand returns faster than supply, according to the US Energy Information Administration (EIA). Crude oil inventories reached a recent low of 413.9

Oil 417
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Lucid launches ‘Stealth Look’ to bring new personality to Air EV

Teslarati

Lucid Group launched a new “Stealth Look” option exterior design theme for its Air electric vehicle that brings a new “darker and overtly sporting personality” to the car. The post Lucid launches ‘Stealth Look’ to bring new personality to Air EV appeared first on TESLARATI.

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Phillips 66 taking 16% stake in synthetic graphite supplier NOVONIX; building US-based battery supply chain

Green Car Congress

Phillips 66 has entered into an agreement to acquire a 16% stake in NOVONIX Limited, an Australia-based company that develops and supplies synthetic graphite materials for lithium-ion battery anodes. This strategic investment enables Phillips 66 to directly support the development of the US battery supply chain.

Supplies 186
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Stellantis, Foxconn to form JV to develop breakthrough digital cockpits and personalized connected services

Green Car Congress

The Netherlands-based joint venture will operate as an automotive supplier, competitively bidding to supply software solutions and related hardware for Stellantis and other interested automakers. All development by Mobile Drive will be co-owned by Stellantis and Foxconn.

Connect 252
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EGEB: GM, GE to collaborate on boosting EV rare earth materials supply

Electrek

In today’s Electrek Green Energy Brief (EGEB): General Motors, GE Renewable Energy will develop a rare earth materials supply chain for EVs, renewables. UnderstandSolar is a free service that links you to top-rated solar installers in your region for personalized solar estimates. Click here to learn more and get your quotes. — *ad.

Supplies 138
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Nissan announces new strategy for customer ownership experience; leveraging connected car, big data, and personalization

Green Car Congress

The company anticipates that, as a result, connected car services and greater choice in accessories and personalization will increasingly drive growth in its aftersales business, anticipated to contribute 25% of aftersales revenue by 2022. The ultimate goal is hyper-personalization.” —Kent O’Hara. —Kent O’Hara.

Personal 150
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Qcells to supply Microsoft with a whopping 12 GW of solar panels

Baua Electric

In a massive new deal, Solar giant Qcells will supply Microsoft with 12 gigawatts (GW) of solar panels over eight years. Qcells’ largest agreement ever will supply Microsoft with enough solar panels to power the equivalent of more than 1.8 million homes annually, as well as engineering, procurement, and construction services.

Solar 52