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Brazil and US to deepen cooperation on energy; aviation biofuels

Green Car Congress

Among the statements and agreements emerging from President Obama’s official visit to Brazil and meeting with President Dilma Rousseff were overall support for the US supporting “ the rise of Brazil as a global power ” as well as an agreement to launch a Strategic Energy Dialogue between the two countries.

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Toyota sales slide as aggressive price cuts by BYD, Chinese EV makers take effect

Baua Electric

Toyota’s global sales fell over 5% last month, partly driven by the impact of BYD’s price cuts in key markets like China, Southeast Asia, and even Japan. Toyota blamed the fallout on the “challenging market environment” and “intensified price competition” in the region. from June 2023. Last month, Toyota’s sales fell 7.2%

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ExxonMobil evaluating significant near-term capital and operating expense reductions; COVID-19

Green Car Congress

ExxonMobil is looking to reduce spending significantly as a result of market conditions caused by the COVID-19 pandemic and commodity price decreases. Based on this unprecedented environment, we are evaluating all appropriate steps to significantly reduce capital and operating expenses in the near term. million net acres.

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BYD hits a major milestone as its Yuan brand crosses 1 million in sales

Baua Electric

With starting prices under $16,500 (119,800 yuan) in China, BYD’s electric SUV competes with other top-selling models like the Tesla Model Y and Volkswagen ID.4. As the first EV built for overseas markets, BYD’s Yuan Plus (Atto 3) has quickly become a best-seller in key markets like Europe, Australia , Thailand, Brazil, Mexico, and others.

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Nissan and Honda unite to join global software-defined EV race, play catch up with Tesla

Baua Electric

BTD is quickly expanding into other key overseas markets like Thailand, Indonesia, Australia, Brazil, and Mexico, which are vital to Japanese exports. The Japanese automaker blamed a “challenging market environment” and “intensified price competition” for the reason behind the fallout. And that’s just one market.

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Renewables to overtake coal as largest global electricity source in 2025

Teslarati

There are still some big hurdles to overcome, including the difficult global macroeconomic environment.” “For Global solar PV prices declined by nearly 50 percent year over year in 2023, and the IEA expects cost reductions and accelerated deployment to continue. In the U.S.,

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Green Car Congress

According to the analysis, the current anti-trust campaign environment could alter the relationships among consumers, dealer and OEMs. The campaign is expected to have a long-lasting effect on premium parts/vehicle prices in China. Uncertainty lingers over Argentina, Brazil, Chile and Venezuela for 2015. North America.

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