Search Results for: ELECTRIC VEHICLE

China’s electric vehicle (EV) companies are expanding into Thailand, a key industry hub, as Europe and the United States impose tariffs to limit their entry. GAC Aion, a Chinese EV maker, set up its first overseas operation in Thailand a year ago. Starting with no office, factory, or local employees, the team quickly adapted, selling their first vehicle within 74 days. Chinese EV manufacturers like Aion are rapidly entering overseas markets, with Thailand being one…

Extracting cobalt, nickel, rare earth elements, and other metals from the ocean depths could accelerate the world’s shift to renewable energy. These minerals, scarce on land and hazardous to mine, are abundant just above the ocean floor. However, the seabed’s unique ecosystems, filled with unexplored life forms, present significant challenges. The Metals Company, a Canadian firm, is exploring the mineral-rich Clarion-Clipperton Zone between Mexico and Hawaii. Their research has revealed not only strange life forms…

Uber Technologies and BYD Company Limited have announced a multi-year partnership to introduce 100,000 new BYD electric vehicles (EVs) onto the Uber platform across key global markets. Starting in Europe and Latin America, the initiative will expand to the Middle East, Canada, Australia, and New Zealand. This partnership aims to provide Uber drivers with access to competitive pricing and financing for BYD vehicles, accelerating the adoption of EVs on the Uber platform. Both companies are…

First Solar, US, reported that its second-quarter (Q2) profit more than doubled, benefiting from stable demand for its products. The company’s cadmium telluride solar panels are favoured by developers due to their independence from polysilicon, a material predominantly produced in China and used in most solar panels. US utilities are ramping up infrastructure investments as power consumption in the world’s largest economy is projected to hit record highs in 2024 and 2025, driven by the…

Global battery investments are set to decline for the first time since 2020, mainly due to reduced infrastructure investments in China. China, a leader in lithium-ion battery (LIB) development, is shifting focus to Europe and the United States (US), despite a slowdown in growth after achieving self-sufficiency. Europe faces reduced LIB investment due to falling electric vehicle (EV) market demand, while the US struggles with nascent industrial infrastructure despite rising lithium demand. China’s dominance in…

China’s Politburo, the top decision-making body of the Communist Party, has endorsed a strategy to boost the economy by increasing consumer spending and eliminating inefficient companies. It warned of challenges ahead, possibly related to global uncertainties before the U.S. presidential election. Key measures include restoring financial market confidence and increasing government spending. The central bank has lowered interest rates, and the government has doubled subsidies for electric vehicles to drive growth and reduce reliance on…