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ELECTRIC VEHICLES OVERSUPPLY
Ten reasons oil is still below $100 a barrelGlobal oil prices remain surprisingly low despite the ongoing war in Iran. China's drastic cut in oil imports is a major factor. Demand des...- Global clean-energy manufacturing supply far exceeds demandGlobal clean-energy manufacturing capacity now exceeds demand. Asia, led by China, dominates production, pushing prices down. This oversupp...
- Price shocks from the Iran war power solar sales in energy-hungry AsiaIran war news: Soaring fuel prices due to the Iran war are pushing consumers in Asia towards rooftop solar power. In the Philippines, insta...
- Cheap batteries are taking over the world’s power gridsThis boom, led by China's manufacturing prowess, is making batteries a crucial tool for grid resilience and a cost-effective alternative to...
- Global Market Tracker | Investors bet Iran war will boost Chinese renewables demandGlobal investors are buying Chinese green energy stocks. They believe the Iran war's oil shock will boost demand for renewable power. China...
- China issues new rules to curb auto price war after January passenger car sales drop 20%The State Administration for Market Regulation released guidelines for manufacturers, dealers and parts suppliers aimed at preventing a rac...
- China signals it will pull plug on subsidies for EVs with five-year plan exclusionChina is reducing subsidies for its electric vehicle industry. This move signals a shift towards market forces determining the sector's fut...
- China excludes EVs in latest five-year plan as industry grapples with oversupplyChina has excluded electric vehicles from its strategic industries list for the 2026-2030 five-year plan, a first in over a decade. This mo...
- Oil extends declines after Iraq, Kurdish governments agree to restart oil pipelineOil prices continued their decline for a fifth session due to oversupply concerns, exacerbated by a preliminary agreement to restart an Ira...
- Canada imposes a 100% tariff on imports of Chinese-made electric vehiclesCanada announced a 100% tariff on Chinese-made electric vehicles and a 25% tariff on Chinese steel and aluminum. Prime Minister Trudeau's m...
- Canada considers imposing import tariffs on Chinese EVsCanada is considering imposing import tariffs on Chinese-made electric vehicles (EVs). Deputy Prime Minister Chrystia Freeland stated on Mo...
- Canada prepares potential tariffs on Chinese EVs after US and EU movesCanada prepares new tariffs on Chinese electric vehicles to align with US and EU actions. Pressure on Trudeau to follow Biden's lead. Conce...
- The world needs more batteries — but not this manyThe oversupply of battery factories being constructed globally is set to exceed the demand for lithium-ion cells in the coming years, accor...
- China's state planner warns intensified EV price war on oversupplyChina's NDRC expects increased competition in electric cars and plug-in hybrids due to oversupply. Market to see 110+ new energy vehicle mo...
- US offers $710 million in loans for EV technology projectsThe U.S. Energy Department has given preliminary approval for $710 million loans to EV technology manufacturing ventures. SK Siltron and Am...
- India's auto retails rise 15% in Jan riding record PV sales; a tough Q4 awaits for CVs: FADAAccording to data from FADA, the overall auto retail market in India grew by 15% YoY in January. The two-wheeler, three-wheeler, passenger ...
- Tesla sees slower 2024 volume growth as earnings miss estimatesTesla reported lower fourth-quarter operating profits despite higher revenues Wednesday, following a series of auto price cuts as Elon Musk...
- China’s lithium battery industry detrimental for its economyChina's investment in the lithium battery industry has led to an oversupply of batteries, causing smaller manufacturers to face closures. B...
- Auto delivery timelines set to shrink as chip shortage easesIndian vehicle makers do not expect retail prices to reduce although delivery timelines are likely to fall for some brands.
- Rise in power demand to revive stressed companies: ExpertsThe demand for power has grown by a robust 6.4% in the last three years against 6.2% in 2004-2014, said a power ministry official.
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