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...The world’s biggest solar panel manufacturer has warned that Europe and the US risk slower decarbonisation of their economies if they restrict Chinese companies from their renewable energy supply chains....
...Some opportunistic buying seems to be happening in the auto sector....
...The years since have involved a complex balancing act to get supply and demand aligned for components, and then the end autos themselves....
...In theory, joining forces could mean integrated supply chains and optimised operations....
...Shares of Lithium Americas leapt 12 per cent after the US government announced plans to loan $2.3bn to the company to develop its flagship lithium project in Nevada that will supply the electric car battery...
...The world’s biggest tech show is also a major auto expo, with South Korea’s Kia and Hyundai, Honda of Japan and Mercedes-Benz of Germany all taking part along with numerous suppliers....
...Meanwhile, it is clear that western regulations demanding clean supply chains are beginning to bite, he adds. Ensuring traceability is difficult in most parts of the world, but particularly in China....
...For their part, Chinese auto executives are pushing back at what they regard as western protectionism....
...“The US wants to create alternative supply chains in partner countries . . . but what happens when it’s Chinese companies that are building those supply chains?”...
...Chinese companies across the electric vehicle supply chain said lower costs and technological leadership would help them secure western deals despite geopolitical tensions and security concerns....
...The slowing pace of sales growth has fuelled expectations among auto executives for a wave of consolidation that will leave only a handful of companies in the world’s largest car market....
...In its rapidly evolving auto market, for example, half of all new car sales will be electric by 2025, thinks Bernstein. China’s most important oil supplier, Opec, is more upbeat....
...Fortescue is one of the largest single companies at the end of many German groups’ supply chains....
...In 2017, Hyundai invested $1.15bn in a new factory in Chongqing, south-western China, with the goal of reaching an annual output of 300,000 internal combustion engine cars....
...and the collapse of western brands in China....
...The set-up allows the company to flex supply based on demand, easing the long process of winding down its legacy products. However, there will still be a significant jobs impact....
...from companies such as LKQ to supply their network of collision repair shops....
...Data group Cox Automotive found that car dealers only have a 20-day supply of GM’s Chevrolet Colorado midsize truck, down from 35 days last month, while the supply of GM’s GMC Canyon midsize truck has shrunk...
...As it grows outside of China, the company is having to jettison its historic reliance on domestic funding, and raise capital through western markets that are increasingly sceptical about Chinese businesses...
...But Japan’s auto giants are not the only ones working on this “game-changing” innovation....
...Meanwhile, EV makers such as Tesla have sensibly sought efficiencies — ways to reduce their metals requirements ahead of any feared supply crunch....
...But it is now advocating for a ban following two years of stockpiling by power plants and multibillion-dollar investments in the nuclear supply chain by western companies, including Urenco, France’s Orano...
...The vote is a setback for Elon Musk, five years after he stunned the German auto industry by announcing he would build his first gigafactory in Europe next to Berlin, throwing the gauntlet to an industry...
...Germany and Italy have torpedoed an EU law imposing liability on companies for alleged human rights abuses in their supply chain, such as in China’s Xinjiang region....
...This demands disclosure about emissions from companies’ core operations and energy suppliers (so-called scope 1 and scope 2 emissions) and wider supply chain (so-called scope 3 reports)....
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