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According to Golden Ten Data on May 11, citing Japan’s Ministry of Economy, Trade and Industry, a tanker carrying crude oil from Azerbaijan will arrive on May 12 at the Negishi Refinery located in Yokohama, Kanagawa Prefecture. This will be the first time since the US attack on Iran that crude oil from Central Asian Azerbaijan has reached Japan. It is reported that this batch of crude oil was purchased by the major Japanese oil company ENEOS.

Specifically, Chery, Autobacs, and other joint venture partners have established a joint venture company and, through its development and sales subsidiary EMT, launched their own EV brand. The first EV model is scheduled for delivery in Japan starting in 2027. It will utilize technology Chery has accumulated in the Chinese market and be equipped with features such as advanced driver assistance. The exact price will be determined in the future, but it will target the mainstream market. In response, Chery Automobile stated that it is only one of several shareholders investing in the EMT project and does not participate in its operation or management.

Solheim told reporters that the current “blockage” of the Strait of Hormuz is putting pressure on global industries such as energy, logistics, and agriculture, prompting many countries to actively seek energy security in order to reduce dependence on the “highly volatile oil market” as much as possible. Solheim said that developing renewable energy has become a global consensus, and green technology is not only an environmental requirement but also an economic necessity. He believes that renewable energy is currently the lowest-cost and most scalable form of energy.