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EC rolls out CARS 2020 action plan for European auto industry

Green Car Congress

It is the first deliverable of the New European Industrial Policy outlined in an earlier communication. This Action Plan is based on four pillars: investing in advanced technologies and financing innovation; improving market conditions; enhancing global competitiveness; and investing in human capital and skills and softening the.

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China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

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2012 Chinese Auto Industry Development Report. The fifth annual report on China’s auto industry—2012 Chinese Auto Industry Development Report—says that the next 20-30 years will be a “critical period” that will see the formation of a global new-energy vehicle industry.

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US Treasury To Provide Up To $5B in Financing For Auto Supplier Support

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While the President’s Task Force on the Auto Industry continues to review restructuring plans submitted by General Motors and Chrysler, the US Department of the Treasury announced an Auto Supplier Support Program that will provide up to $5 billion in financing to US-based suppliers.

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Didi Chuxing sets up JV with China EV maker BAIC-BJEV; next-gen connected car systems; Transportation Brain

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Jingju is a key component of a DiDi-BAIC strategic partnership formed in a growing alliance between DiDi and auto-industry players. DiDi started partnership programs with automakers and fleet operators in 2016, and launched the DiDi Auto Alliance, an industry-chain partnership network in April 2018.

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Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

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Due to the strategy to focus predominantly on China in both the immediate and longer term, the company is reallocating its global resources. CEO, Protean Electric and a 32-year auto industry veteran responsible for the development and production of the GM EV-1. Purcell, Jr., Earlier post.).

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FCA proposes 50:50 merger with Groupe Renault

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Groupe Renault also has a well-established and profitable financing business (RCI Banque). FCA also said that the case for combination is strengthened by the need to take bold decisions to capture at scale the opportunities created by the transformation of the auto industry in areas like connectivity, electrification and autonomous driving.

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Stellantis, LGES enforcing ‘contingency plans’ for EV battery plant in Ontario

Baua Electric

A spokesperson for Champagne stated on Friday that the “auto industry is crucial to the Canadian economy and to the hundreds of thousands of Canadian workers.” ” “We proceed to barter in excellent religion with our companions.