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EIA: Crude oil demand returns faster than supply, increasing prices and reducing inventories

Green Car Congress

The price of US benchmark West Texas Intermediate (WTI) crude oil is near its highest level since 2014, increasing rapidly from low prices in mid-2020 as demand returns faster than supply, according to the US Energy Information Administration (EIA). Crude oil inventories reached a recent low of 413.9

Oil 417
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Stellantis, Foxconn to form JV to develop breakthrough digital cockpits and personalized connected services

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The Netherlands-based joint venture will operate as an automotive supplier, competitively bidding to supply software solutions and related hardware for Stellantis and other interested automakers. All development by Mobile Drive will be co-owned by Stellantis and Foxconn.

Connected 252
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Renault Group and Google partner on digital architecture for software-defined vehicles

Green Car Congress

A personalized experience onboard the vehicle (In-Car services) to adapt to driving behaviors, often-used destinations such as EV Charging Stations, etc. This supports first use cases in development, such as: Predictive maintenance and better detection and rectification of failures in near real time if necessary.

Google 448
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Toyota launches C+pod ultra-compact battery electric vehicle in Japan

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The new C+pod is a two-seater BEV designed as a mobility option that improves per-person energy efficiency. The supplied charging cable (100/200 VAC) connects directly to power outlets for charging. The C+pod launch will also demonstrate new services that can only be provided by BEVs.

Japan 505
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Phillips 66 taking 16% stake in synthetic graphite supplier NOVONIX; building US-based battery supply chain

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Phillips 66 has entered into an agreement to acquire a 16% stake in NOVONIX Limited, an Australia-based company that develops and supplies synthetic graphite materials for lithium-ion battery anodes. This strategic investment enables Phillips 66 to directly support the development of the US battery supply chain.

Supplies 186
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Study calls for reduction in car ownership, battery size and vehicle dependency to limit environmental impact of surging lithium demand

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The authors designed a material flow analysis paired with socioeconomic pathway modeling to determine possible scenarios for the decarbonization of personal transportation in the US. Lithium supply chains span the world from Latin America to China to Australia, with new extraction being planned in Europe, Canada, the United States and beyond.

Batteries 397
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Volvo Cars unveils flagship electric SUV EX90

Green Car Congress

It’s a technology whereby you can use your car battery as an extra energy supply, for example to power your home, other electric devices or another electric Volvo car. A smartphone serves as the car key and automatically unlocks the car and starts a personal welcoming sequence as you approach.

Volvo 420