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China’s Chery to set up shop in Europe

Baua Electric

Chinese automaker Chery is planning to make cars in Spain, where the EV market is at just 12%, half that of Portugal and France. This would be Chery’s first manufacturing site in Europe. Given the slow uptake of electric vehicles in Spain, Chery says it plans to make combustion engine, hybrid, and electric vehicles there.

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Chery to be 1st automaker to adopt CATL's sodium-ion batteries

CN EV Post

CATL's sodium-ion batteries will first be used in Chery's models, the battery maker announced today. CATL will hold a zero-carbon strategy launch event from 15:00 to 15:20 on the first day of the Shanghai auto show on April 18. Its booth at the event is 8B05 in Hall 8.2. The battery pack uses cells with an energy density of 140 Wh/kg.

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Huawei says upcoming Luxeed S7 EV is ‘superior to Tesla’s Model S’

Teslarati

Smartphone maker Huawei has partnered with the China-owned Chery Automobile on the electric vehicle (EV) brand Luxeed, set to unveil its first vehicle in the coming months. High hopes have been pinned on Luxeed because of the marriage between Huawei’s technological clout and Chery’s manufacturing heft.”

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Better Place, Chery Sign Collaboration MOU for Prototype Switchable Battery Electric Vehicles in China

Green Car Congress

Better Place and Chery Automobile Co.—China’s —China’s largest independent auto producer and exporter&mash; signed a memorandum of understanding (MOU) to collaborate on electric vehicle technology in the world’s largest auto market.

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Plugin Electric Vehicles Get 30% Share Of Auto Market In Another Record Month In China

CleanTechnica EVs

Plugin vehicles in China once again ended the year with a record month, growing by 83% year over year (YoY) in the last month of the year to a record 671,000 units. Interestingly, full electric vehicles (BEVs) had a slow month, growing just 13%, to 471,000 units. They were responsible for 70% of the plugin […]

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STMicro cuts FY revenue outlook as softer car demand weighs – ET Auto

Baua Electric

Weakness in auto and industrial demand have been weighing on the sector, while investors remain cautious amid high interest rates, with escalating tensions in the Middle East increasing fears. billion due to slowing demand and intense competition worldwide in electrical vehicles. million expected by analysts in an LSEG poll. .

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China Needs More Ships to Handle Its Rapidly Growing EV Exports

The Truth About Cars

The country’s tech, automotive, and manufacturing industries have become juggernauts in their respective sectors, and the Chinese auto industry has solidified itself as a global force. Pricing remains a challenge for electric vehicles in America for now, though, as no automaker has been able to crack the affordability nut.

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