... of AO "UK Open Oil Market" , comments on the situation: "The rapid growth in the popularity of Chinese electric vehicles in the global market, including Russia, marks the beginning of a new era in the automotive industry. For the oil sector, this presents a serious challenge that requires strategic adaptation. We are observing how the increasing share of electric vehicles is beginning to affect the demand for traditional fuels even in China – a key market for Russian oil. For Russia, this opens both opportunities and risks. On one hand, the availability of Chinese electric vehicles may accelerate the ...

... the share of electric vehicles in passenger car sales in China may exceed 70%. This will lead to a decrease in gasoline demand in the country in 2026-2027. Moreover, China has significant reserves of minerals essential for the "new" energy sector, which supports the development of the electric vehicle industry. Moscow, January 23 - PRIME. Chinese companies will push for the electrification of transportation to compensate for losses from declining sales in the U.S., meaning the share of electric vehicles in passenger car sales in China ...

... and an important resource for thermal energy. Coal prices have been volatile in recent years, but for the domestic market, fuel coal remains relatively inexpensive and regulated. Coal does not directly influence gasoline prices, as it is used in other sectors (electricity generation, metallurgy). Nevertheless, the general backdrop in energy resource markets (oil, gas, coal) shapes macroeconomic conditions: high global prices for raw materials amplify export appetites and inflation expectations, while a decline ...

... an attempt to reduce costs and maintain operational efficiency amid declining demand in Europe. However, this also highlights China's increasing role in the global automotive industry and its expansion into European markets, which may intensify the sector's dependence on Chinese technologies. #Volkswagen #China #Europe #Automotive #ElectricVehicles #Markets Volkswagen is ready to transfer factories to Chinese electric vehicle manufacturers Volkswagen is considering transferring its factories to Chinese electric vehicle manufacturers. This move is tied to falling sales and surplus production capacity, prompting the company to seek strategic solutions to navigate ...

... monitoring the fulfillment of the deal's conditions and possible retaliatory reactions from Russia and its partners. Electricity and Renewables: Record Loads and Growth of 'Green' Generation Unusual weather this summer is setting new records in the electricity sector and confirming the importance of renewable energy sources (RES) . In China , July saw a record load on the energy system: peak electricity consumption reached a historic maximum of about 1.5 TW (1.5 billion kWh). Such high demand is associated ...