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Tag: Electric vehicles

Yellen: green energy development in China distorts world prices

Yellen: green energy development in China distorts world prices Yellen: green energy development in China distorts world prices

US Treasury Secretary Janet Yellen says increased production of solar energy, electric vehicles and lithium batteries by China constitute unfair competition that “distorts world prices” and “harms American businesses and workers, as well as businesses and workers around the world”. Yellenwho is preparing for her second trip to China as Treasury secretary, notes in remarks […]

New trade war? China goes to WTO over Biden’s plan for electric cars

New trade war? China goes to WTO over Biden’s plan for electric cars New trade war?  China goes to WTO over Biden’s plan for electric cars

The Chinese Government has requested in World Trade Organization (WTO) the beginning of consultations with the United States over the subsidies that the latter allocates to the purchase of electric vehicles, the first step in what could lead to a trade dispute between both commercial powers, confirmed this Tuesday to EFE a strong the entity. […]

US tightens emissions rules to accelerate shift to electric vehicles

US tightens emissions rules to accelerate shift to electric vehicles US tightens emissions rules to accelerate shift to electric vehicles

The United States tightened auto emissions standards on Wednesday to speed up the transition to electric vehiclesin an election year in which President Joe Biden needs the support of the auto industry. Compared to the draft regulations revealed last year, these final rules however give manufacturers more time and flexibility to achieve new CO2 emissions […]

China BYD will increase its investment in Brazil by 83% to about US$ 1.1 billion

China BYD will increase its investment in Brazil by 83% to about US$ 1.1 billion China BYD will increase its investment in Brazil by 83% to about US$ 1.1 billion

The automotive China BYD will increase investment in its electric vehicle factory in Camaçari by 83% (Brazil), going from 3,000 to 5,500 million reais (from 596 to 1,093 million dollars), the Jiemian financial portal reported this Tuesday. The world’s largest electric manufacturer indicated that the initial production capacity of the complex will be about 150,000 […]

Switzerland plans underground freight network to reduce traffic and emissions

Switzerland plans underground freight network to reduce traffic and emissions Switzerland plans underground freight network to reduce traffic and emissions

The fight against climate change and the congestion that trucks create on roads around the world are driving projects to move the Freight transportand Swiss It is the most advanced country in them, with a project that could be implemented around 2045 with electric and autonomous vehicles. A public limited company, Cargo Sous Terrain (CST), […]

Indonesia welcomes Vietnamese investment plans to produce electric vehicles

Indonesia welcomes Vietnamese investment plans to produce electric vehicles Indonesia welcomes Vietnamese investment plans to produce electric vehicles

The Indonesian president, Joko Widodo, celebrated this Saturday in Vietnam the plans of the Vietnamese manufacturer VinFast to invest 1,200 million dollars (1,094 million euros) to manufacture electric vehicles in Indonesia. Widodo, who arrived on Wednesday on an official visit to Vietnammet today with VinFast President Pham Nat Vuong at the company’s offices in the […]

Vice president of Evergrande subsidiary arrested; shares fall 6%

Vice president of Evergrande subsidiary arrested; shares fall 6% Vice president of Evergrande subsidiary arrested;  shares fall 6%

The electric vehicle subsidiary of the indebted giant chinese real estate Evergrande announced today the arrest of its CEO and Vice President Liu Yongzhuo for “suspicions of illegal crimes”. In a statement sent to the Hong Kong Stock Exchange, where it is listed, the company does not offer details about the nature of the alleged […]

USA: car sales in 2023 recover and reach 15.5 million vehicles

USA: car sales in 2023 recover and reach 15.5 million vehicles USA: car sales in 2023 recover and reach 15.5 million vehicles

The sales of automobiles in USA recovered in 2023 and reached around 15.5 million vehicles, 13% more than in 2022, thanks to manufacturers such as General Motors (GM) They experienced increases in demand of 14%. GM indicated this Wednesday that in 2023 it delivered 2,594,698 vehicles in the United States, a 14.1% more than the […]

Germany ends subsidy for the purchase of electric cars

Germany ends subsidy for the purchase of electric cars Germany ends subsidy for the purchase of electric cars

The government of Germany announced today that it will end early on Monday a subsidy for the purchase of electric carafter the ruling of the Constitutional Court that declared void the transfer of billions of euros linked to the pandemic to a fund to finance the transformation of the economy. ”In the framework of the […]

India launches first part of auction of critical minerals for US$ 5.4 billion

India launches first part of auction of critical minerals for US$ 5.4 billion India launches first part of auction of critical minerals for US$ 5.4 billion

India launched on Wednesday the first part of its auction of critical minerals worth an estimated 450 billion rupees ($400 million), the country’s mines minister said. Pralhad Joshi said the auctions would be held in eight states, including Bihar, Chhattisgarh, Odisha, Tamil Nadu, besides Jammu and Kashmir, and would include minerals such as lithium, potash, […]