The One Electric Vehicle Indicator That Only Goes Up
Predictions have varied erratically for the rate of electric-vehicle adoption and the date they’ll displace the internal combustion engine. But one indicator has remained consistent. No matter who is predicting, according to a researcher from the World Resources Institute, the predictions get bigger with every update.
Orocobre swims as lithium rivals sink
In a cyclical and volatile commodity sector, profitability during the lean times is the holy grail for producers and investors. When the tide goes out, you get to see who has been swimming naked. And right now, it seems Martín Pérez de Solay has the longest board shorts in the Australian lithium sector.
Germany Boosts Electric Car Incentives to Stimulate Demand
Chancellor Angela Merkel’s government and German automakers agreed to increase cash incentives for electric cars, intensifying an effort to move away from the combustion engine and reduce harmful emissions. A so-called environment bonus will jump by 50% to as much as 6,000 euros (US$6,680) per electric vehicle and the auto industry will continue to cover... View Article
August 21, 2018
Japan’s Toyota Motor Corporation will build additional capacity at its auto plant in China’s Guangzhou, in addition to beefing up production at a factory in Tianjin city by 120,000 vehicles a year. A person close to the company said Toyota will build capacity at the production hub in the south China city of Guangzhou to also produce an additional 120,000 vehicles a year, an increase of 24 percent over current capacity.
All together, between the eastern port city of Tianjin and Guangzhou, Toyota will boost its overall manufacturing capacity by 240,000 vehicles a year, or by about 20 percent. Toyota’s production capacity in China is 1.16 million vehicles a year. Reuters reported earlier this week that Toyota plans to build additional capacity in Tianjin to produce 10,000 all-electric battery cars and 110,000 plug-in hybrid electric cars a year.
FULL ARTICLE: Toyota to increase production capacity in China by 20 percent