The Chinese government has unveiled a $72 billion tax break package for the sales of new energy vehicles including electric vehicles from 2024 through 2027. The People’s Republic aims to accelerate the growth of its NEV sector and promote sales.

In the latest edition of the biannual Renewable Energy Country Attractiveness Index (RECAI), Ernst & Young sees Germany overtaking China and securing second place for the first time in a decade. EY cites the reduction on Russian imports of fossil fuels and the German target of reaching 80 percent renewables in its energy mix as reasons.

American aerospace and defense corporation Lockheed Martin and fellow American chipmaker GlobalFoundries have announced a strategic partnership to secure a domestic supply chain for chips in national defense systems. The two companies will expand on GlobalFoundries technologies to advance chip production in the U.S.

Big Four accounting firm PricewaterhouseCoopers has published the 2023 edition of its annual review of the world’s largest mining companies, Mine. In the report, PwC argues that the advent of critical minerals presents significant changes to the mining industry. Additional challenges are government interest in supply chains and critical minerals, decarbonization efforts, and a tech skill shortage.