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Volkswagen Group returns to profitability with new record for sales revenue and operating result in 2016

Green Car Congress

Improvements in the mix and the vigorous financial services business were the main contributing factors to the increase in the Group’s sales revenue (up 1.9%), more than offsetting negative exchange rate effects and declining unit sales in individual regions. in 2017.

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Pike Research forecasts China plug-in market to reach 152,000 units/year by 2017, falling short of government targets; BEVs to dominate

Green Car Congress

PEV Sales in China by segment: 2012-2017. Pike projects the PEV market in China will grow at a compound annual growth rate (CAGR) of 60% from 2012 to 2017, surpassing 152,000 units sold annually by 2017. conventionally fueled car—remain out of reach for low-income, cost-conscious Chinese consumers.

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Volkswagen to offer refreshed Tiguan with new plug-in hybrid powertrain in Europe

Green Car Congress

This versatile vehicle is available for sale in 80% of countries in the world and is the most successful SUV on the market in Europe. The product line was revamped again in 2017 with the debut of a second Tiguan model—an XL version with a wheelbase extended by 4.3 inches, up to seven seats, and a bespoke design.

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Plugless: first wireless charger to provide 1 million charge hours for PEVs

Green Car Congress

Plugless continues to be the only wireless EV charger for sale to consumers in the world. 1 st production wireless EV charger to inductively charge a Chinese production EV. 1 st production wireless charger available for purchase by EV owners. In 2014 Plugless began selling 3.3kW wireless EV chargers for Chevy Volt and Nissan LEAF.

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Ballard Power signs deal for production of fuel cell stacks in China; est. $168M over 5 years; buses and commercial vehicles

Green Car Congress

On commissioning of the operation, expected in 2017, Ballard will be the exclusive supplier of membrane electrode assemblies (MEAs) for each fuel cell stack manufactured by the joint venture, with minimum annual MEA volume commitments on a “take or pay” basis totaling in excess of $150 million over the initial 5-year term from 2017 to 2021.

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CNHTC acquiring 34% of UQM stock; forming new JV for electric propulsion systems in China

Green Car Congress

through its wholly owned subsidiary, Sinotruk (BVI) Limited (collectively, CNHTC”, the parent company of Sinotruk, a leading Chinese commercial vehicle manufacturer. The parties expect the closing will occur in December 2017.

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Magna aims to sell EVs in China through JV with BAIC

China EV

In 2017, China was the world’s largest market for electric vehicles , including battery electric and plug-in hybrid electric vehicles. Some 700,000 BEVs and PHEVs, plus a few hydrogen fuel cell vehicles, were sold in the Middle Kingdom in 2017. Most automakers are sticking with a Chinese partner, he points out.

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