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Hyundai seeks to restore market share in China with new EV brand

Teslarati

Hyundai seeks to restore its market share in China with a new electric vehicle (EV) brand. a 50-50 joint venture between Hyundai Motor and BAIC—announced a new project to develop an electric vehicle brand exclusive to the Chinese market. Hyundai’s annual output in China peaked in 2017 at 1.6 million units.

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GAC Motor officially releases all-electric SUV GE3 into the Chinese market

Green Car Congress

China-based GAC Motor has introduced its all-electric GE3 SUV into the Chinese market; the GE3 made its international debut at the 2017 North American International Auto Show (NAIAS) in January. The GE3 is based on a new EV platform and positioned as a medium- to high-end electric SUV. Earlier post.). —Yu Jun.

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Chinese self-driving startup WeRide plans to start autonomous vehicle testing in Singapore this year

CN EV Post

Image credit: WeRide) Chinese self-driving startup WeRide plans to start testing autonomous vehicles in Singapore this year, as it begins to set its sights on Southeast Asian markets. In September 2022, WeRide established the Singapore branch and signed a memorandum of cooperation with Strides in November, according to the article.

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Daimler launches new DENZA 500 electric vehicle for the Chinese market; 500 km range

Green Car Congress

In 2017, DENZA achieved its best sales performance to date, with retail sales volume increasing by 85% year-on-year, outpacing the industry average, with strong customer reception of the DENZA 400 model. Upgraded connectivity services include charging solutions and the DENZA smartphone application. and BYD Automotive Industry Co.,

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Chinese EV battery manufacturer CATL building plant in Germany; 14 GWh capacity, €240M investment by 2022

Green Car Congress

The Chinese EV battery manufacturer Contemporary Amperex Technology Ltd. GWh in 2017—making it Nº 1 globally. GWh in 2017—making it Nº 1 globally. With the opening of the production facility in Germany, the company underlines the importance of the German market. Energy storage system customers: State Grid.

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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

Green Car Congress

Disruptive innovation is typically a Silicon Valley buzzword and not one commonly associated with discussions of gasoline markets. If a million low-speed electric vehicles displaced a million gasoline-powered midsize sedans from the market, about 15,000 barrels per day of gasoline demand could effectively be lost, Collins said.

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CCM forecasts 5-fold growth in China Li-ion market by 2017 to meet EV demand

Green Car Congress

Growing demand for electric vehicles (EVs) in China is triggering an explosion of investment in the lithium-ion battery industry, with China’s production of power lithium-ion batteries set to jump 400% by 2017, according to market research firm CCM.

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