The election of Donald Trump – a felon and climate crisis denier – as president of the United States comes as a stroke of bitter irony after recent floods exacerbated by global warming smashed parts of the southeast US – Hurricane Milton alone is likely to cost up to US$50 billion – and given the…
While electric vehicle (EV) sales are lagging in the U.S., contrary to the previously optimistic forecasts, Chinese EV sales are now booming. Several major Chinese automotive companies, as well as multiple start-ups, have reported record sales figures in the third quarter of the year. This trend has been widely anticipated by industry experts thanks to…
CATL and BYD continued to hold the top two positions as the world’s largest battery makers in the January-September period, with the former seeing a slight decrease in share and the latter remaining unchanged. CATL and BYD (HKG: 1211, OTCMKTS: BYDDY) remained the world’s two largest power battery makers in January-September, with the former losing…
Hong Kong is the most competitive city in the Greater Bay Area in three of six critical industries, according to an index that compares the relative advantages of the southern Chinese region’s 11 cities. Hong Kong tops the charts for financial services, trade and logistics, as well as culture, sports and tourism, according to the…
The lithium market has entered a period of price decline, mainly because of weaker demand conditions and an oversupply of lithium carbonate in key regions. In October, seaborne lithium carbonate prices for Asia dropped by 3.8%, hovering around $10,000 per metric ton, according to S&P Global Commodity Insights analysis. The price dip reflects the seasonal…
Car companies are cutting costs heading into the end of the year. A price war in China poses a threat to profitability. Bloated inventory leads to production cuts. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app By clicking “Sign Up”, you accept our…
Four major Chinese electric vehicle (EV) makers reported record monthly sales in October, buoyed by surging domestic demand, even as they grappled with barriers to overseas growth amid punitive tariffs levied by the European Union (EU). BYD, the world’s largest EV assembler, sold 502,757 pure-electric and hybrid EVs last month, up 66.5 per cent year…