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As transport electrification gathers pace in India, there is a need to incorporate existing vehicles into the transition in a resource-efficient manner. Along with an effective scrappage policy, vehicle retrofitment can extend the life of structurally sound vehicles by integrating an electric powertrain
Retrofitting RTC buses with EV kits is a part of a clean mobility push
Chinese battery giant Contemporary Amperex Technology Limited (CATL) has recorded a surprise slowdown in third-quarter net profits, as analysts warned the company could be hit by slowing demand from China’s electric car industry next year. The world’s largest electric vehicle battery maker posted a net profit of 21.25 billion yuan (US$3.18 billion) for the July-September period, up 14.54 per cent from a year earlier, according to an exchange filing on Tuesday. The increase marked a sharp...
Chinese carmakers, facing a European Union import quota targeting their hybrid electric vehicles (EVs), are gearing up for more local production to reinforce their go-global drive. They plan to either splash out billions of yuan to set up their own factories or tap international marques’ idle plants to build their vehicles, looking to sustain a sales boom in one of the world’s major automotive markets. “Global growth shifts from exporting vehicles to Europe to producing them locally, from...
New Zealand’s trade deficit with China widened in the 12 months through September amid a surge in imports of electric vehicles and mobile phones.
In Kazakhstan’s futuristic capital Astana, car dealer Auyez Kabdygali is planning a big change to his business as he switches from importing European cars to Chinese electric vehicles. Kabdygali says there is increasing demand for Chinese EVs both from locals and Russian customers due to their competitive price and quality. His grandfather is among the converts – he has an order in for a BYD Han, the carmaker’s flagship model, and plans to collect it from a terminal on the border with China and...
Toyota Motor Corp. plans to use its own gigacasting machinery to make electric vehicles at a $2 billion Lexus factory in China, part of its push to reverse a sales decline in the world’s biggest car market.
Platinum group metals (PGMs) are primarily used for catalytic converters in internal combustion engines. So as ICE vehicles are phased out in favor of battery electric vehicles, PGM miners are seeking new markets and applications for their products. On Bloomberg Chief Future Officer, CFO Sayurie Naidoo and CEO Craig Miller tell Jennifer Zabasajja how Valterra Platinum's finance and marketing teams are evaluating investments in new market development. (Source: Bloomberg)
Be warned. The global economy is likely to experience a recession next year. War across the Middle East is set to escalate, wrecking energy supplies for many years, even as the artificial intelligence (AI) bubble is ripe to burst. This, however, would also create an energy leadership opportunity for China. High energy prices already fuel demand for Chinese renewable energy products and electric vehicles. But as a leader in building coal-fired power plants, China can also offer the global market...
Credit Agricole SA is considering offloading credit risk linked to lending to European car dealerships grappling with cost pressures and the transition to electric vehicles.