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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

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Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “ million of them—roughly 30% more units than conventional electric vehicle makers did.

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Volkswagen Group returns to profitability with new record for sales revenue and operating result in 2016

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The Volkswagen Group made progress in 2016 in overcoming its self-inflicted diesel crisis. Sales revenue in fiscal year 2016 rose by €4.0 The Group therefore reached not only its targets for 2016 but also a new record, helped in particular by increases in Western and Central European markets and in the Asia-Pacific region.

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Hyundai Motor launches new global luxury brand Genesis

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Hyundai Motor is launching an all-new global luxury brand—Genesis—as a stand-alone brand that operates alongside the company’s popular Hyundai marque. Continuing the customer-oriented approach that flows through every Genesis model, sales and service staff will provide rapid and attentive service to customer’s requests.

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GAC Group begins construction of $6.5B industrial park for electric and intelligent vehicles

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It is also plays a significant role in pushing forward GAC Motor’s global branding strategy. The planning and construction of this industrial park is a concrete step to implement the Chinese government’s green development goals for Guangdong and the national ‘Made in China 2025’ strategy. —Yu Jun, General Manager of GAC Motor.

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Ford introducing new midsize SUV in China; Territory will offer 48V mild hybrid and plug-in hybrid variants

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The Territory is a breakthrough for Ford in China in terms of our ability to successfully compete with Chinese automakers for millions of customers that we do not currently serve. —Peter Fleet, president, Asia Pacific and chairman & CEO, Ford China. Indigenous Chinese automakers in particular have capitalized on this trend.

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Navigant Research forecasts battery-electric to be leading type of electric powertrain for buses through 2026

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In a new report, “ Medium and Heavy Duty Buses with Hybrid, Plug-In Hybrid, Battery Electric, and Fuel Cell Powertrains: Global Market Analysis and Forecasts ”, Navigant Research forecasts that the battery EV (BEV) will be the leading type of electric powertrain for buses through 2026.

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Adamas: average EV sold in 2019 H1 contained 52% more LCE than the average EV sold a year prior

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From 2018 H1 through 2019 H1, the growing popularity of long-range BEVs with high-capacity batteries resulted in a 52% increase in the amount of lithium carbonate and lithium carbonate equivalent (LCE) deployed globally per EV, from 7.7 In 2019 H1, global battery capacity deployed in all newly-sold passenger EVs combined amounted to 46.3

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