China to Invest $2.8 Billion in Zimbabwe in Lithium
Chinese companies were awarded licenses in the third quarter that could see $2.79 billion of investment flow into Zimbabwe, mostly in mining and energy as the government pushes to develop some of Africa’s biggest lithium deposits and end power outages….
China EV Maker BYD Reports Record Quarterly Profit of $1.42 bln in Q3
China EV maker BYD reports record quarterly profit of $1.42 bln in Q3 Reuters / UPDATED: OCT 30, 2023, 19:12 ISTB YD logged 22.12% in third-quarter gross profit margin, compared with 18.73% in the second quarter, according to Reuters’ analysis…
Norsk Hydro Warns Flood of Chinese Electric Vehicles Threatens Dluminium Demand in Europe
A major European aluminium producer has warned that the increasing numbers of imported electric cars from China could have a big impact on regional demand. Hilde Merete Aasheim, chief executive of Norsk Hydro, said the company was paying attention to…
Cake Electric Motorcycles To Be Served In Chinese Market In 2024
Swedish e-mobility specialist Cake has a wide selection of electric two-wheelers that encompass different disciplines of riding. On the one hand, it has a fun-loving electric off-roader called the Kalk, and on the other hand, it has utility-focused machines such…
Stellantis Plans To Invest 1.5 Billion Euros in Chinese EV Manufacturer Leapmotor
Stellantis plans to invest about 1.5 billion euros, or about $1.6 billion, in Leapmotor, a Chinese electric vehicle manufacturer, the companies said late Wednesday. The European-based maker of Jeep and Ram and Leapmotor said in a joint statement that they…
China Curbs on Graphite Could roil EV Supply Chain in the U.S.
A move by China that could curtail exports of graphite may throw a wrench into the supply chains of electric vehicle and battery makers that rely on highly processed versions of the mineral to help power their fleets of plug-in…
China Says It Will Restrict Key Material In EV Batteries: Tesla Moves Lower
China’s Ministry of Commerce and General Administration of Customs announced Friday that it will begin restricting exports of graphite, a key component of electric vehicle batteries. What Happened: Many EV companies, including Tesla, traded lower Friday, potentially on the news…
US-China Trade War Escalates, Potentially Driving Up EV Prices
US-China , Trade War Escalates, , Potentially Driving Up EV Prices. Prices for electric vehicles (EVs) in the United States may surge higher as a result of China’s new export controls on graphite, an essential material for EV batteries. On…
Chinese EV Battery Giant CATL Reports Sharp Slowdown in Profit Growth
China’s CATL (300750.SZ), the world’s largest battery maker for electric vehicles (EV), said on Thursday that third-quarter profit rose 10.7%, its weakest quarter since the start of last year as slowing demand and stiff competition hit. This compared with a…
China’s BYD Forecasts Higher Third-Quarter Profit on Record EV Sales
Chinese automaker BYD Co. expects third-quarter profit to rise at least 67% on the back of record electric-vehicle sales. The Warren Buffett-backed maker of electric vehicles and batteries estimated net profit for the quarter at between 9.55 billion yuan ($1.31…
