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December 22nd - According to sources within the supply chain, in response to the most dramatic price surge in the global memory chip market in nearly five years, an executive from a leading global PC manufacturer recently made intensive visits to major global memory chip manufacturers, including Samsung Electronics, SK Hynix, and Micron, and has reached preliminary supply guarantee agreements with these suppliers. The source did not disclose which leading PC manufacturer this was, but industry analysts believe that Lenovo or HP are currently the two companies most likely to possess this negotiating power. Lenovos PC business held a 25.5% global market share in the latest quarter, while HPs was 19.8%.Hong Kong Stock Exchange: As of December 19, 106 newly listed companies raised HK$274.6 billion through initial public offerings (IPOs).The UK FTSE 100 index opened down 40.31 points, or 0.41%, at 9857.11 on Monday, December 22; the French CAC 40 index opened down 12.31 points, or 0.15%, at 8139.07; the Euro Stoxx 50 index opened down 2.45 points, or 0.04%, at 5757.90; the Spanish... The IBEX 35 index opened down 39.27 points, or 0.23%, at 17,130.53 on Monday, December 22; the Italian FTSE MIB index opened up 12.95 points, or 0.03%, at 44,770.50 on Monday, December 22; and the German DAX 30 index opened down 3.12 points, or 0.01%, at 24,292.83 on Monday, December 22.On December 22nd, Baowu Magnesium Industry stated during a targeted survey that since the release of the new national standard, upstream and downstream companies in the electric vehicle industry chain have quickly taken action to actively initiate the replacement of plastic parts with magnesium alloys. It is expected that during the 15th Five-Year Plan period, the use of magnesium in electric two-wheelers will continue to increase rapidly. Currently, many electric bicycle companies have begun to actively adopt magnesium alloy materials. Industry leaders such as Aima, Yadea, and Niu have already used magnesium alloys to manufacture wheel hubs, frames, and other components in some models. Judging from the companys orders, the use of magnesium alloys in two-wheeled electric vehicles is increasing rapidly, a trend driven by the new national standard policy, lightweighting requirements, and technological advancements. With increased penetration and expanded application components, even greater growth is expected in the coming years, indicating a broad market prospect.AstraZeneca: Enhertu receives Breakthrough Therapy Designation for the treatment of early breast cancer following neoadjuvant therapy.

EU Bans New Cars Powered by Fossil Fuels by 2035

Charlie Brooks

Oct 28, 2022 15:02

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Thursday, the European Union struck an agreement on a policy that will effectively restrict the sale of new gasoline and diesel vehicles by 2035. The purpose is to accelerate the transition to electric vehicles and tackle climate change.


EU negotiators, the European Parliament, which must approve new EU legislation, and the European Commission, which crafts new laws, agreed that carmakers must achieve a 100% reduction in CO2 emissions by 2035, making it illegal to sell new vehicles fueled by fossil fuels in the 27-nation bloc.


"This deal is fantastic news for motorists... new zero-emission vehicles will become more affordable and accessible to all," said Jan Huitema, the European Parliament's chief negotiator.


According to EU climate policy chief Frans Timmermans, the agreement sends a strong signal to industry and consumers. "Europe is embracing the shift to zero-emission mobility," he remarked.


The agreement also stipulated a 55% reduction in CO2 emissions for new cars sold after 2030, relative to 2021 levels, which is much higher than the current objective of a 37.5% reduction by that year.


New vans must reduce their CO2 emissions by 100 percent by 2035 and by 50 percent by 2030, comparable to 2021 levels.


In response to rising governmental pressure to decrease their carbon footprints, many manufacturers have announced investments in electrification. Volkswagen (ETR:VOWG p) CEO Thomas Schaefer said this week that, beginning in 2033, the company will produce entirely electric vehicles in Europe.


The European automobile industry organization ACEA cautioned against barring a single technology and urged internal combustion engines and hydrogen vehicles to have a role in the low-carbon transition when the EU rule was proposed in July 2021.


Thursday, negotiators reached an agreement that the EU will draft a proposal on the sale of automobiles powered by "CO2-neutral fuels" after 2035.


Prior to 2036, when they will be subject to the zero-emission obligation, small automakers producing fewer than 10,000 vehicles annually can negotiate more forgiving standards.


The rule is the first to be finalized within a bigger package of new EU regulations designed to satisfy the bloc's greenhouse gas emission reduction objectives.


Brussels needs agreements on two additional pieces of legislation from the package prior to November's United Nations climate negotiations in order to demonstrate that the union is advancing its climate objectives despite an oncoming recession and soaring energy prices.

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