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EVs & Energy Storage
 
Unknown - September 15, 2020
BY: BLOOMBERG - BP said the relentless growth of oil demand is over, becoming the first supermajor to call the end of an era many thought would last another decade or more.

Oil consumption may never return to levels seen before the coronavirus crisis took hold, BP said in a report on Monday. Even its most bullish scenario sees demand no better than “broadly flat” for the next two decades as the energy transition shifts the world away from fossil fuels…That’s because he suspects oil use may already have peaked as a result of the pandemic, stricter government policies and changes in consumer behavior. BP’s energy outlook shows consumption slumping 50% by 2050 in one scenario, and by almost 80% in another. In a “business-as-usual” situation, demand would recover but then flatline near 100-million barrels a day for the next 20 years…BP isn’t the only big oil company adapting its business to the energy transition. Royal Dutch Shell, Total SE and others in Europe have announced similar pivots toward cleaner operations as customers, governments and investors increasingly call for change…The pandemic shattered oil consumption this year as countries locked down to prevent infections from spreading. While demand has since improved, and crude prices with it, the public health crisis is still raging in many parts of the world and the outlook remains uncertain in the absence of a vaccine…The impact, including lasting behavioral changes like increased working from home, will affect economic activity and prosperity in the developing world, and ultimately demand for liquid fuels, according to BP. That means it won’t be able to offset already falling consumption in developed countries.

 
中国日报网 - September 15, 2020
France-based Total S.A. has brought its electric charging services into China with the launch of its first standalone electric vehicle ...
charging services into China with the launch of its first standalone electric vehicle charging station in Wuhan on ...

France-based Total S.A. has brought its electric charging services into China with the launch of its first standalone electric vehicle charging station in Wuhan on Tuesday, with an eye on becoming a significant player in the EV market across China within the coming years…Equipped with 12 units of 120 kW dual chargers, the EV charging station provides fast charging service to the public for both commercial fleets and private customers…In 2018, Total acquired G2mobility, the French leader in smart charging solutions, and went on to establish "Total EV Charge", devoted entirely to electric mobility…"Current growth in the EV industry is bringing charging solutions into a new era in terms of ambition and capacity, and our ambition is to deliver to our customers top-notch charging services wherever we do operate charging points," said Pierre Clasquin, vice-president of Total EV Charge.

 
The Korea Herald - September 15, 2020
LG Chem will supply batteries to Amazon’s warehouse robots, according to industry sources Tuesday.
, a lithium-sulfur battery can offer energy density as much as 2,500 watt-hours per kilogram, five times greater than

The Korean battery maker will supply the same cylindrical batteries that power Tesla electric vehicles to Amazon’s automated robots in operation within the retail giant’s warehouses starting from 2023, they said…As of last year, Amazon has deployed more than 200,000 warehouse robots globally. The company refers to its robots as “drives.”…The supply contract with Amazon is expected to help LG Chem expand its battery business to the robot industry, which is expected to grow 32 percent annually and become a $100 billion industry by 2025, according to a Macquarie report released in 2017…On top of the Amazon deal, LG Chem is likely to ink a battery supply deal with a US-based robotics company Boston Dynamics in the near future, according to industry sources. 

 
Nikkei Asian Review - September 15, 2020
Upstart automaker's stock tumbles 11.5% on news of discount placement Upstart automaker's stock tumbles 11.5% on news of discount placement
fundraising for the electric vehicle unit of property developer China Evergrande Group. Shares in China Evergrande ...

Tencent Holdings, Didi Chuxing and a Jack Ma-backed private equity fund are poised to join a 4 billion Hong Kong dollar ($516.1 million) fundraising for the electric vehicle unit of property developer China Evergrande Group…Investors joining the stock sales in addition to Chinese technology conglomerate Tencent and ride-hailing company Didi include Sequoia Capital and Yunfeng Fund, which is managed by Jack Ma's Yunfeng Capital…Along with two other unnamed investors, the group will buy 176.58 million shares in Evergrande NEV from its corporate parent, which in turn will subscribe to an equal number of new shares. This will bring down China Evergrande's stake in Evergrande NEV to 73.5% stake from 74.99%...Shares in Evergrande NEV, which until last month was known as Evergrande Health Industry Group, have surged 350% since March amid a recovery in Chinese car sales and investor enthusiasm for a lineup of six models the company unveiled last month…The company was previously focused on hospitals and elderly care homes. The six new models, under the brand name Hengchi, cover all major passenger car categories, including a sedan, a sport utility vehicle and a multipurpose vehicle…The first model is expected to enter the market in the second half of 2021. The company expects to complete production facilities in Shanghai and Guangdong Province by the end of this year.

 
 
fortuneminerals
For further information about the NICO Project and its Mineral Reserves, please refer to the Technical Report on the Feasibility Study for NICO, entitled "Technical Report on the Feasibility Study for the NICO-Gold-Cobalt-Bismuth-Copper Project, Northwest Territories, Canada", dated April 2, 2014 and prepared by Micon, which has been filed on SEDAR and is available under the Company's profile at www.sedar.com.

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CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

The materials appearing in this email contain forward-looking information. This forward-looking information includes, or may be based upon, estimates, forecasts, and statements as to management’s expectations with respect to, among other things, the size and quality of the Company’s mineral resources, progress in permitting and development of mineral properties, timing and cost for placing the Company’s mineral projects into production, costs of production, amount and quality of metal products recoverable from the Company’s mineral resources, anticipated revenues, earnings and cash flows from the Company's mineral projects, demand and market outlook for metals and coal and future metal and coal prices. Forward-looking information is based on the opinions and estimates of management at the date the information is given, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. These factors include the inherent risks involved in the exploration and development of mineral properties, uncertainties with respect to the receipt or timing of required permits and regulatory approvals, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal and coal prices, the possibility of project cost overruns or unanticipated costs and expenses, the possibility that production from the Company's mineral projects may be less than anticipated, uncertainties relating to the availability and costs of financing needed in the future, uncertainties related to metal recoveries and other factors. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that mineral resources will be converted into mineral reserves. Readers are cautioned to not place undue reliance on forward-looking information because it is possible that predictions, forecasts, projections and other forms of forward-looking information will not be achieved by the Company. The forward-looking information contained herein is made as of the date hereof and the Company assumes no responsibility to update them or revise it to reflect new events or circumstances, except as required by law.