Remove China Remove Global Remove Industrial
article thumbnail

EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

Green Car Congress

The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. million b/d since the start of 2020, contributing 184,000 b/d to the global decline in 2021. million b/d in 2022 and by an additional 1.6

Global 448
article thumbnail

How Chinese Cars Like The XPeng Mona M03 Will Impact The Global Auto Industry

CleanTechnica EVs

In this article, I analyze the competitive landscape of electric vehicles (EVs) in China, focusing on the Xpeng Mona M03 and others’ effect on the global auto market. continued] The post How Chinese Cars Like The XPeng Mona M03 Will Impact The Global Auto Industry appeared first on CleanTechnica.

article thumbnail

Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

Green Car Congress

Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. Global investment in technologies to help the energy transition reached a record $1.3 trillion in 2022, IRENA said.

Industry 243
article thumbnail

SEMI forecasts global chip industry to invest >$500B in new factories by 2024; automotive and HPC

Green Car Congress

The worldwide semiconductor industry is projected to invest more than $500 billion in 84 volume chipmaking facilities starting construction from 2021 to 2023, with segments including automotive and high-performance computing (HPC) fueling the spending increases, SEMI announced in its latest quarterly World Fab Forecast report.

Industry 243
article thumbnail

Rho Motion’s latest data report details record global EV sales for September, led by China

Electrek

Leading research house Rho Motion has published its monthly global EV sales report, relaying that the industry saw a record amount of purchases in September. It should come as little surprise that EV powerhouse China led the world in the 1.7 million EVs sold around the world last month.

Global 116
article thumbnail

Benchmark: China will increase share of global cathode production to 87% in 2030

Green Car Congress

Data from Benchmark Mineral Intelligence’s Cathode Forecast shows that China is set to extend its dominance of cathode production by 2030, increasing its share of production from 78% in 2022 to 87% in 2030. China’s output of cathode active materials increased more than four times between 2018 and 2022. times in the same period.

China 243
article thumbnail

China Merchants Heavy Industry orders methanol dual-fuel engines for new Pure Car and Truck Carrier segment

Green Car Congress

China Merchants Heavy Industry has ordered 2 Ă— MAN B&W 7S60ME-LGIM (Liquid Gas Injection Methanol) engines in connection with the construction of 2 Ă— 9,300 ceu (car equivalent units) Pure Car and Truck Carriers (PCTCs) for China Merchants Energy Shipping (CMES).

Engine 221