Fortescue, an Australian energy and metals corporation, has abandoned its commitment to produce 15 tons of “green hydrogen” annually for the ammonia industry by 2030. Founder and executive board chair Andrew Forrest has realized the goal is unrealistic, people familiar told the Financial Times.
Tag: electric vehicles
GERMAN CARMAKERS SEE SALES SLIDE
German auto companies BMW, Mercedes-Benz, and Volkswagen reported fewer sales in this year’s second quarter than during the same period last year. The drop was due significantly to decreased sales in China, which has become a key market for the companies in recent years.
OIL GLUT DUE NEXT YEAR, IEA SAYS
Rising oil production around the world will collide next year with slowing growth in demand, creating an oil glut possibly as large as that which marked the global economic shutdown during the COVID War, the International Energy Agency (IEA) warned in a report last week.
TOP TREND 2024: EV GO FU: FORD DELAYS NEW EV MODEL UNTIL 2027
Citing a weak market for electric vehicles (EVs), Ford Motor Co. is delaying the debut of a three-row EV until 2027 and instead is focusing significantly on gas-electric hybrids.
TOP TREND 2024, EV GO FU
As electric vehicle (EV) sales stall, hybrids—which combine electric power with a conventional fossil-fuel engine—are speeding off dealers’ lots.
TOP TREND 2024, EV GO FU: CENTURY-OLD BATTERY DESIGN STALLS EVs
Owners of some electric vehicles (EVs) are finding their new cars have an Achilles heel: a battery design more than a century old.
BIDEN EV MANDATES AND THE DREAM OF “CARLESS CITIES”
For buyers who were looking to own their first Electric Vehicle, (relative) price tags have never been better.
TOP TREND 2024, EV GO FU: BYD CUTS EV PRICES IN CHINA
BYD, one of China’s largest makers of electric vehicles (EVs), has again cut the sticker price of the basic version of its Seagull model amid an EV price war in the country.
OIL PRICES DOWN AS ECONOMIES GO DOWN
Oil futures fell last week in parallel with China’s declining imports and a generously supplied market.
THE LATEST IN EV GO FU: CAN A SUB 30 THOUSAND TESLA TURN AROUND THE EV SKID?
Elon Musk has a track record for taking visionary tech from the drawing board to real-world products that change industries, and capture the imagination.