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Bloomberg News
September 10, 2017, 6:01 PM GMT+1 September 11, 2017, 2:36 AM GMT+1

Regulators working on timetable for the ban, official says
China joins U.K., France to phase out combustion-engine cars

China Fossil Fuel Deadline Shifts Focus To Electric Car Race

China will set a deadline for automakers to end sales of fossil-fuel-powered vehicles, becoming the biggest market to do so in a move that will accelerate the push into the electric car market led by companies including BYD Co. and BAIC Motor Corp.

Xin Guobin, the vice minister of industry and information technology, said the government is working with other regulators on a timetable to end production and sales. The move will have a profound impact on the environment and growth of China’s auto industry, Xin said at an auto forum in Tianjin on Saturday.

The world’s second-biggest economy, which has vowed to cap its carbon emissions by 2030 and curb worsening air pollution, is the latest to join countries such as the U.K. and France seeking to phase out vehicles using gasoline and diesel. The looming ban on combustion-engine automobiles will goad both local and global automakers to focus on introducing more zero-emission electric cars to help clean up smog-choked major cities.

“The implementation of the ban for such a big market like China can be later than 2040,” said Liu Zhijia, an assistant general manager at Chery Automobile Co., the country’s biggest passenger car exporter that unveiled a new line for upscale battery-powered and plug-in hybrid models at the Frankfurt motor show last week. “That will leave plenty of time for everyone to prepare.”

China Smashes EV Rankings as Germany Worries Over Diesel: BNEF

BYD, China’s largest electric-vehicle maker, gained as much as 7.2 percent to HK$50.65 while BAIC advanced as much as 2.9 percent to HK$7.09 in Hong Kong trading. Guoxuan High-Tech Co., an EV battery manufacturer, rose as much as 5.3 percent to 33.70 yuan in Shenzhen.

While many global manufacturers from billionaire Elon Musk’s Tesla Inc. to Nissan Motor Co. and General Motors Co. are racing to grab a slice of the electric-vehicle market in China, it is the local manufacturers that have found considerable success thanks to generous government subsidies.


Bloomberg’s MacKenzie reports on China’s plan to set a deadline for carmakers to end sales of fossil fuel vehicles.
(Source: Bloomberg)

Leading the Pack

Warren Buffett-backed BYD led the pack in sales in the first seven months of this year, delivering 46,855 electric and plug-in hybrid vehicles, according to the China Passenger Car Association. Beijing Electric Vehicle, the EV division of state-owned BAIC Motor, followed with 36,084 units. In comparison, General Motors has sold 738 cars run on electricity since it launched the Velite 5 plug-in hybrid model at the Shanghai auto show this April. That is 0.04 percent of its 2.1 million vehicles sold in total in China during the seven months.

Besides subsidies that also are aimed at meeting the strategic goal of cutting expensive oil imports, the government plans to require automakers to earn enough credits or buy them from competitors with a surplus under a new cap-and-trade program for fuel economy and emissions.


Honda Motor Co. will bring its electric car for the China market in 2018, China Chief Operating Officer Yasuhide Mizuno said at the Tianjin forum. The Japanese carmaker is developing the vehicle with Chinese joint ventures of Guangqi Honda Automobile Co. and Dongfeng Honda Automobile Co. and will create a new brand with them, he said. Nissan, which unveiled an upgraded model of its Leaf EV last week, said it will introduce the car in China in 2018 or 2019.

Startup Electric SUV

Internet entrepreneur William Li’s Nio will start selling ES8, a sport-utility vehicle powered only by batteries, in mid-December. The startup is working with state-owned Anhui Jianghuai Automobile Group, which also is in a venture with Volkswagen AG to introduce an electric SUV next year.

Why Electric Vehicles Are Coming But Not Yet Here: QuickTake Q&A

Tesla said in June that it’s working with the Shanghai government to explore local manufacturing, a move that would allow it to achieve economies of scale and bring down manufacturing, labor and shipping costs.

Though China has announced its intentions, the process will be complicated and will take time for all the auto-sector regulators to come up with an implementation plan, said Zhang Yang, a vice president at Nio. But it will help set a clear direction for manufacturers, he said on the sidelines of the Tianjin forum. China has the world’s largest scale of fossil-fuel vehicle production facilities.

Changing Lane

“This will ask everyone, from energy and technology sectors as well as traditional automakers, to change to the lane to develop new powertrains,’’ said Zhang. “It’s hard to say who can be the winners at the moment. All of us should stand the test of speed and endurance in this run.’’

The U.K. said in July it will ban sales of diesel- and gasoline-fueled cars by 2040, two weeks after France announced a similar plan to reduce air pollution and meet targets to keep global warming below 2 degrees Celsius (3.6 degrees Fahrenheit). Norway and the Netherlands are considering a more aggressive way to put an end on fossil fuel cars years earlier than its European peers.

Chery’s Liu said as newer technologies are developed in the meantime, the strongest among the manufacturers with better resources will adapt to the market and continue to dominate.

“Those who currently are outrunning the others in EVs will not necessarily continue to stay ahead,” he said.

— With assistance by Yan Zhang

https://www.bloomberg.com/news/articles/2017-09-10/china-s-fossil-fuel-deadline-shifts-focus-to-electric-car-race-j7fktx9z

if a lover with an ex claims not to have any feelings for an ex, it means trouble for you as you are also never truly loved. if the love was true while it lasted, it can never go away but managed by maturity. lalas247, the choice however is hers.

priceaction:
Today one of the most painful trading experience in a long time. Has been on usdcad since last night. Gambled 70 pips for 200pips target , which i thought I could leave until Friday. Lo and behold, closed at -50pips ahead of cad rates today only to see over 200pips spike that would have taken my target profit just by waiting for just 10mins more because I don't want my remaining 20pips stop taken.
Well if it has gone against me, I won't have typed this. Lesson learnt.
Bought usdjpy few hours ago.. Not too late to buy . check 30mins chat for good entry spot.

The market sho e serve. lolz. Happened to me twice this week already. Those fantastic few minutes/seconds of patience.

staying as true friends to one another is my advice to those that take the leap for it to be enjoyed. not letting title of 'I am HUSBAND/WIFE' overrule that of 'he/she is my FRIEND whom I care so much for.'

Prognose:
..
Lovers? Lovers how? How did they become lovers??

haba, have you not heard of true love? beauty and the beast, the princess and the frog, shrek and princess fiona. selfless pure and true. still happens.

what i see here is life long friends jumping the broom together. first they were friends then became lovers, just the way usher and puffy sang it. very pretty and very wonderful!

hope the attempted murder part was not missed

ekensi01:
Some christians don't know but i know.


I want to know why. Don't trace it to Isaic oh. Tell me what you know.

As you already now both are Abrahamic religions. Christianity existed 500 years ahead of when Islam became a standard religion. Muslim adherents are encouraged to read the Torah (Old Testament) and the Gospels by the koran https://www.nairaland.com/1444550/quran-says-bible-book-reference#18208624. (Read just the first post. Others contain nairaland e-wars)

Stores like Joseph-Yusuf, Moses-Musa, Solomon-Sulaman and so on show similarities in depiction Places like Turkey were once christian dominated but islamic wars overran and changed the state religion. Today what we now as muslim structures are actually Arabic structures. More like Culture entering religion, same as can be seen in christianity and roman culture.

It is unfortunate today that while a lot overlook the simulates conflict makers use any little disparity to ensure all these children of Abraham not to have peace among themselves. Remove politics from religion and peace would reign n our tiny world.

Wishing you well - Teemy

priceaction:
finally, the guy touched 143.00 has predicted today. will keeping eyes on sell next week more than buy, until the resistance is broken.

seems i'm not the only one that humanizes instruments. wink

ekensi01:
For years muslim has being trying to relate their stuffs to christian...

we've always had the same history. for the imam to know that verse shows how well read he is. some christians don't even know it.

seems most are yet to notice the guy's main point which is the 'not so used' account. too many stories about wrong transfers of funds recently. he did the right thing so as not to disappear suddenly especially now that efcc is screening corrupt cash.

Unless there is a major war or threat of war on the global scale that would shoot up oil prices Nigeria might face another recession within a period of one to two years. A whole lot of alternative revenue sources are yet to be tapped or revamped for better productivity. Seems we are still 'living on faith' and not yet serous.

in short it is a curfew notice to all indigenes and non indigenes alike during the NIGHTS of the festival. some towns don't even announce theirs and they happen in secret while visitors are left unaware to face risk.

oya, anyone feeling like pouring out their hearts to someone?e.g "XYZ, we've offended one another in the past but here i am saying let bygones be bygones as we move off squables to intellectual reasoning. cheers love."

there are lots of brokerage review sites but as it is a business, some of them collect money from brokers in exchange for positive reviews. at the end asking from those who have used them without vested interests would be the best bet.

am yet to know what their current objectives are. all i hear now is they kill and are being killed but to what purpose?

wamiikechukwu:
i use trade copier form fxblue

the copier has lot of setting so i just simply left everything black.

thanks for ur concern

check the pdf guide that came with it or screenshoot the settings.

wamiikechukwu:
NO it doesn't

i think the free one from myfxbook has it included

priceaction:
When they want to cheat and manipulate, then you see this kind of news from your brokers. Na today den de threaten each others?

lolz.

Did any one else get the above news from their broker?

wamiikechukwu:
hello sir, i dont understand.

There is usually a difference in price feed between brokers which means you have to add/subtract the difference to your SL/TP depending on buy/sell trades. E.g You might need to shorten your TP and widen your SL wth the difference in price feeds between the two brokers. Does your Trade Copier have provision for this?

News Today

Possible Changes to Trading Conditions due to US-NK tensions

Dear Client,
We would like to inform you that ongoing geopolitical tensions between North Korea and the U.S.A could escalate during the upcoming weeks, which may trigger abnormal market conditions. These include, but are not limited to:

•Extreme market volatility
•Thin market liquidity
•Increased spreads
•Pricing gaps
•Slippage on executed orders
Also, please be aware of potentially increased volatility during the upcoming trading sessions, which is very likely to affect a wide range of instruments.

FXTM reserves the right, without prior notice, to take any action necessary to protect our clients from the risks imposed by the aforementioned abnormal market conditions. This includes:

•Amending Margin requirements
•Switching Trading instruments to ‘Close-Only’ Mode
•Other trading restrictions
We strongly recommend that you take the abovementioned risks into consideration when planning your trading strategy, and ensure that you have sufficient funds in your account to cover your open positions and any extra margin. This also includes ‘hedged’ positions which, in case of spread widening, face the possibility of a Stop Out.

We would also like to remind you that, on the ECN MT4, ECN Zero, ECN Pro and Strategy accounts, in the hour before the close of the trading session on Friday, the Stop Out and Margin Call levels are changed from 50% to 100% and from 80% to 130%, respectively.

Should any further trading restrictions on our trading instruments occur, FXTM will make every attempt to contact you via email or the MT4 platform.

If you have any questions, please don’t hesitate to contact your dedicated Account Service Managers or our Client Support Department.

wamiikechukwu:
thats exactly what i do.

thanks

hope you give room for SL and TP to take care of price differences

wamiikechukwu:
no not scalping

let the ea run on the compatible exness account and use a trade copier ea on another chart to serve as signal feeder to the tickmill account. run both mt4 terminals on same pc or vps

wamiikechukwu:
no not scalping

EAs depend on indicator values and indicators depend on candle OHLC values. if price feed differs on both accounts the eas might give wrong results. use trade copier to copy trades

wickyyolo:
While the world is hating, I got accepted for an internship in a new Hedge fund, they said I'm very good at money management.


I'm the Greatest

congrats!

the news is not complete and neither would lynchers learn to stop unless arrests are being made of those suspected to have carried out the acts

all that is needed is for the police to run a poll on its website or alt service to know the true state of public opinion of the citizens. this should solve the back and forth

why not take legal action since other creditors are doing same against him. except he got the contract through wrong back channels i see no reason why he should be the one begging to be paid.

FortuneTeller:
LOL. My husband is an avid reader. It's part of his career. I have books for him on this. He took one look at them and put them back in the closet. My husband is not going to change. So the only thing I have the power to change is me. Surprisingly I met someone but I'm pregnant. So I will have to wait until delivery. Enjoy your day.

For one to now what to do and refuses to do it while making another suffer it's effect s beyond me sometimes. I hope he listens. Wish you all the best dear but just keep in mind that you should have no regrets in whatever you decide to do in life. Cheers

fortuneteller you can get hubby the book "she cums first" to help him up his gameplay. all the best. remember brokenangel2, your life, your joy, your right and your duty. you deserve your own happiness. create it. cheer dear.

"when you change the way you look at something, that thing you look at begins to change." create your own joy not dependent on any person or status. over time people notice this. no one wants to be around those that ooze of self pity. love thyself.