Toyota Motor is to set up a joint venture with a Chinese firm to produce batteries for the country's fledgling petrol-electric hybrid car market, according to a Beijing-based Toyota spokesman.
The Japanese government announced yesterday that it will install the world's largest battery to store renewable energy at an electrical substation in Hokkaido, where solar power generation facilities are rapidly increasing, according to a report by the Kyodo News Service.
Beijing city will at the beginning of next month impose new sanctions that ban the sale and registration of sub-standard gasoline cars in a bid to help curb its record-breaking smog problems.
A subsidiary of Hong Kong-listed Geely Holdings plans to make low-speed electric vehicles (EVs) under an agreement with Kandi Vehicles.
Geely's 50-50 joint venture with the NASDAQ-listed company ties China's cheap car maker, with a low-speed EV specialist. Starting with capital budget of CNY1 billion (USD160 million), the joint venture plans research and development, production, marketing and sales of electric vehicles on the Chinese mainland.
There are some glimmers of hope in Japan for an otherwise depressed global wind turbine market, according to research from Frost & Sullivan. Renewable energy markets have generally had a tough few years, with wind turbine projects slowing in 2012, the first time since its double digit growth rate from 2009.
In an effort to get around possible US federal government concerns about a takeover of sophisticated battery maker A123, Wanxiang is planning to buy the majority of the company through a trust structure, according to the Financial Times.
The Asian Development Bank (ADB) will spend US275 million to help China bus operators to shift their fleets to cleaner fuel in a bid to lower emissions in major cities.
Indian Prime Minister Manmohan Singh has launched a national electric vehicle plan to help accelerate consumer adoption and domestic manufacturing of the low carbon transport in the country.
China accounted for 81 percent of 2012 global sales of e-scooters and e-motorcycles, making it the one exception in a slow, but steadily growing, global market for the machines, according to Pike Research.
In spite of continued disappointing sales of electric vehicles, China's Ministry of Science and Technology expects to have 39,700 energy-efficient and new-energy vehicles by the end of March 2013 with the vast majority used by the public service.
BYD, the Chinese carmaker backed by billionaire investor Warren Buffett, has announced new opportunities to sell in Europe and the winning of a solar power micro-grid project.
Officially acknowledging what many pundits have been saying for months, a new government report says that China's new energy vehicle market is falling well short of government expectations.
Chinese battery and electric vehicle producer BYD will open a US electric bus factory next year. Coming within days of announcing a joint venture manufacturing venture in Bulgaria for accessing the European Union, the new US plant will be in California with the exact location to be announced next year, according to reports in the China Daily.
China’s Warren Buffet-backed electric vehicle and clean energy company BYD and Bulmineral Ltd of Bulgaria will create a 50:50 joint venture company, named Auto Group Motors, to produce electric buses in Europe, marking the first of its kind on the continent and the first overseas electric vehicle joint venture for BYD.
Nissan has confirmed it will substantially expand its currently limited range of hybrid cars, as the manufacturer combats slow sales of its all-electric Leaf hatchback.
Guangzhou is claiming to be the first city in China to provide subsidies for energy-saving cars. Buyers for hybrid or electric cars are entitled to a USD1,605 rebate on their cars and get free car number plates, worth a similar amount.
Charges for number plates began in August to curb climbing emissions. Over 17,000 free plates have been awarded so far.
The municipal government will provide the subsidies so long as the buyer applies within three months of buying an approved vehicle. It also expects to boost sales of hybrid cars.
China's Ministry of Commerce has approved a plan by Chinese auto parts maker Wanxiang Group Corp to take over American battery maker A123 Systems, Zhejiang Province's Department of Commerce announced.
According to a new report by Pike Research, which was recently merged into Navigant Energy, sales of plug-in electric vehicles (PEV) in China continue to be well off the target set by the government when it named the Electric Vehicle (EV) sector a strategic priority with major economic, environmental, and security impacts for the country.
Companies from the US, China, Germany and Japan will face each other on December 6 in an auction to buy A123 Systems Inc, a bankrupt maker of batteries for electric cars that was partly funded by the US government.
This report by the World Bank spells out what the world would be like if it warmed by 4 degrees Celsius, which is what scientists are nearly unanimously predicting by the end of the century, without serious policy changes.
Companies in Asia reveal expectations that regulations that could lead to rising costs for reporting and reducing GHG emissions will also be the main sources of climate-related business opportunities.
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