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AUTO SALES: As EV sales tumble, Beijing mulls extending subsidies

  • Date: 23-01-20
  • Category: AUTO SALES
  • Source: Auto News

SHANGHAI -- China’s ministry of finance in September reaffirmed the agency’s schedule to phase out subsidies for electrified vehicles at the end of 2020.

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AUTO SALES: China market needs 2 years to recover

  • Date: 23-01-20
  • Category: AUTO SALES
  • Source: Auto News

It will probably take two years for new-vehicle sales in China to resume growth with the economy still facing downward pressures, a top official with China’s auto industry regulator predicts.

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BATTERIES: 42 Global Organizations Agree on Guiding Principles for Batteries to Power Sustainable Energy Transition

  • Date: 23-01-20
  • Category: BATTERIES
  • Source: Weforum

23 January, Davos, Switzerland – Batteries will be a major driver in reducing the carbon footprint of the transport and power sectors through the use of electric vehicles and renewable energy. To help companies and governments, the Global Battery Alliance designed 10 guiding principles for the creation of a sustainable battery chain by 2030.

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PALLADIUM: Palladium bull market puts $18bn dent in carmakers’ profits

  • Date: 22-01-20
  • Category: PALLADIUM
  • Source: Financial Times

The bull market in palladium caused by a chronic shortage of supplies has cost the global automotive industry $18bn over the past year, according to a new report by US bank Citi.

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AUTO NEWS: Tesla surges past $100 billion market value, passing Volkswagen

  • Date: 22-01-20
  • Category: AUTO NEWS
  • Source: Auto News

Tesla's market value has climbed above Volkswagen Group's for the first time to more than $100 billion, a threshold that will trigger a huge payout for Elon Musk if he can sustain the feat for months.

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SOUTH AFRICA: ANC eases way for independent power producer programme

  • Date: 21-01-20
  • Category: SOUTH AFRICA
  • Source: Business Live

The ANC has endorsed a market-friendly approach to the problem of SA’s energy shortage, including allowing municipalities to procure their own energy, expanding the independent power producer (IPP) programme and freeing up regulations around self-generation by business.

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ELECTRIC VEHICLES: VW Will Divert Resources Away From Fuel Cells, Focus On BEVs Instead

Volkswagen group CEO, Herbert Diess, recently announced that the German car making giant would stop funding its fuel cell program because FCEVs aren’t seen as competitive in the next decade. The decision has been taken within the group to focus entirely on battery-powered electric vehicles that are seen as a much sounder bet for the near future.

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PALLADIUM: Goldman’s Currie Warns Palladium May Test $3,000, Then Slide

  • Date: 21-01-20
  • Category: PALLADIUM
  • Source: Bloomberg

Palladium’s extraordinary rally has the potential for prices to test $3,000 an ounce, according to Goldman Sachs Group Inc.’s Jeffrey Currie, who twinned that outlook with a warning that such peaks wouldn’t last for long as the record levels would erode demand.

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