Remove Chinese Remove Industry Remove Russia
article thumbnail

Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

Green Car Congress

In practice, the call for a change is a call for Saudi Arabia and Russia, the two dominant global crude exporters, which each daily export over seven-plus mmbbls (including condensates and NGLs) and which each see the other as the key to any "balancing" moves, to bear the brunt of any production cuts.

Russia 150
article thumbnail

BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

Green Car Congress

Steel is responsible for around 7% of man-made greenhouse gas emissions every year and is one of the world’s most polluting industries. Government and corporate net-zero commitments are pushing the steel industry to cancel out its emissions by 2050. The steel industry cannot afford to wait for the 2040s to start its transition.

Hydrogen 221
article thumbnail

China discourages local automakers from building EV plants overseas

Teslarati

China’s Ministry of Commerce discouraged Chinese automakers from investing overseas. In July, the Ministry of Commerce told Chinese automakers not to invest in India and “strongly advised” against investments in Russia and Turkey. The policy attracted big names in the global auto industry, including Tesla and Hyundai.

China 118
article thumbnail

Baker Institute report: China has positioned itself as a gatekeeper to the energy transition; nickel case study

Green Car Congress

How Electrifying Transport and Chinese Investment are Playing Out in Indonesia —focuses on nickel as a critical mineral, but has implications for the broader minerals and materials supply chains needed for broad-scale energy transition. Global Nickel Trade and Chinese Dominance. The detailed report— Need Nickel?

China 416
article thumbnail

RusNano, Chinas Thunder Sky to Manufacture Li-ion Batteries in Russia for EVs

Green Car Congress

The supervisory board of the Russian Corporation of Nanotechnologies ( RusNano ) has approved the state corporation’s participation in a project with China-based Li-ion battery manufacturer Thunder Sky to manufacture Lithium-ion batteries, the first such project in Russia. Tags: Batteries China Russia. billion rubles (US$575 million).

Li-ion 230
article thumbnail

IEA forecasts world oil demand to hit record 101.9 million b/d in 2023; non-OECD to account for 90% of growth

Green Car Congress

OECD demand, dragged down by weak industrial activity and warm weather, contracted by 390 kb/d y-o-y in 1Q23, its second consecutive quarter of decline. mb/d from 1Q23 to 2Q23, as runs in the US normalize and with Chinese activity materially higher than a weak 2Q22 baseline. million barrels per day. Annual gains will double to 2.1

Oil 186
article thumbnail

Automakers win extension on use of Chinese graphite in EV tax credits – ET Auto

Baua Electric

1 restricting Chinese content in batteries eligible for EV tax credits of up to USD 7,500, which sharply cut the number of eligible vehicles. New rules took effect on Jan. Automakers have since made changes to supply chains and won restored eligibility for many vehicles.