Australia set to be a leader in $1.7 trillion battery industry
Australia is forecast to be a global leader in a battery storage technology boom which is growing more swiftly than previously predicted. Bloomberg New Energy Finance has predicted batteries will quickly become cheaper than it originally forecast last year, with prices to fall by more 50 per cent through to 2030 as it grows into... View Article
Orocobre Market Update Online Briefing
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Australia’s First 350kW Electric Vehicle Charging Stations Confirmed
A network of ultra-fast electric vehicle recharge stations powered exclusively by renewable energy will receive $6 million in funding from the Australian Federal Government. 18 stations will be located no more than 200km apart on the main highway that links Brisbane, Sydney, Canberra, Melbourne and Adelaide.
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