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The Czech Association of the Automotive Industry reported that passenger car production in the Czech Republic increased by 0.6% year-on-year to 1,095,937 units from January to September this year.On October 19th, according to Tianyancha, Xiaomi Automotive Technology Co., Ltd.s utility model patent for "range extender, powertrain, and vehicle" was granted on October 16th and is currently valid. The application date is October 27th, 2025. The patent abstract states that the range extender arranges the engine and motor assembly side-by-side, while the generator and motor controller are arranged parallel to the engine axis. This layout can at least avoid increasing the size of the range extender along the engine axis: when the engine is longitudinally mounted, it reduces the longitudinal space occupied by the range extender; when it is transversely mounted, it reduces the lateral space occupied. The motor controller and generator share the space along the engine axis to improve space utilization.On October 19th, Hansoh Pharmaceutical (03692.HK) announced on the Hong Kong Stock Exchange that its wholly-owned subsidiary and Hansoh Bio, LLC have entered into a strategic collaboration and licensing agreement with F. Hoffmann-La Roche Ltd. This strategic collaboration covers a portfolio of antibody-drug conjugate (ADC) projects, including two preclinical ADC projects from Hansoh and several ADC projects developed using Roche-proposed targets and leveraging Hansohs proprietary ADC technology platform. Hansoh will receive an upfront payment of US$400 million and annual payments of US$110 million, and will be eligible to receive potential milestone payments exceeding US$15 billion based on the development, registration, and commercialization progress of these projects, as well as tiered royalties based on potential future product sales.Citigroup lowered its price target for Bank of New York Mellon from $160 to $157.JPMorgan Chase CEO Jamie Dimon: War and cyberattacks are the biggest risks facing the Western world.

Oil decreases due to demand concerns and increased supply

Haiden Holmes

Aug 11, 2022 11:14


Thursday morning Asian trade saw a dip in oil prices as traders anticipated an increase in oil production and a decrease in demand.


Brent oil prices fell 53 cents, or 0.5%, to $96.87 a barrel by 00:05 GMT, while U.S. West Texas Intermediate crude futures fell 61 cents, or 0.7%, to $91.32.


The U.S. Energy Information Administration stated that crude oil stockpiles rose by 5.5 million barrels in the most recent week, above the forecasted increase of 73,000 barrels.


The gasoline product supply grew to 9.1 million barrels per day in the most recent week, despite a 6% reduction in demand over the previous four weeks compared to the same time in the previous year.


Flows on the Russia-to-Europe Druzhba pipeline resumed earlier this week.


The Russian oil pipeline monopoly Transneft has restarted oil transport along the southern portion of the Druzhba oil pipeline. Since the start of this month, Ukraine has restricted Russian oil pipeline exports to parts of central Europe because Western sanctions prevented it from receiving transit payments from Moscow, Transneft said on Tuesday.


Later on Wednesday, the International Energy Agency (IEA) and the Organization of the Petroleum Exporting Countries (OPEC) will announce their respective monthly oil statistics.

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