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StreetScooter to form JV with Chery for electric light utility vehicles

Green Car Congress

StreetScooter GmbH, a subsidiary of Deutsche Post and market leader for electric light commercial vehicles (eLCV), has signed a memorandum of understanding (MoU) with the Chinese automobile manufacturer Chery Holding Group (Chery) establishing a joint venture between the two companies. Total investment could be up to €500 million.

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China Needs More Ships to Handle Its Rapidly Growing EV Exports

The Truth About Cars

China had long been a sort of a sleeping giant in the world economy, though it hasn’t been so sleepy over the last few decades. Companies like BYD, SAIC Motor, Chery, and others have ordered dozens of new ships as the country’s auto industry has overtaken Japan’s as the world’s largest exporter.

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China Car Sales Likely Hit New Record in April

Green Car Congress

Bolstered by government stimulus plans, sales of autos in China likely reached a record high of 1.15 Official figures for vehicle production and sales are scheduled for release next Monday. Sales of China’s Chery, which makes cars with small engine capacities, hit a record high of more than 42,000 units in April.

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China is exporting so many EVs that it needs more ships – a lot more

Baua Electric

Customers buying the ships include SAIC Motor, Chery, BYD, as well as shipping companies COSCO and China Merchants “on behalf of Chinese automakers,” reports Reuters. “After this armada has been delivered to China, the Chinese controlled car carrier fleet will jump from current 2.4% to 8.7%,” Veson analyst Andrea de Luca told Reuters. “We

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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

Electric car sales in 2023 were 3.5 While sales of electric cars are increasing globally, they remain significantly concentrated in just a few major markets. However, sales remain limited elsewhere, even in countries with developed car markets such as Japan and India. In the European Union , sales amounted to 2.4

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EV gameplan: Strategic tie-ups, fund raising, the way forward | Autocar Professional

Baua Electric

In fact, manufacturers like Hyundai Motor India and Ola are looking to list and raise money through the sale of shares. However, the urgent need to meet emission requirements and Corporate Average Fuel Economy (CAFE) targets is compelling automakers to look at an EV future more aggressively.

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China Electric Car Market — 31% Market Share In May!

CleanTechnica EVs

BYD achieves another record month Plugin vehicles continue to be all the rage in the Chinese auto market. With the end of the covid lockdowns, plugins went back to the fast lane, growing 109% year over year (YoY). They scored over 403,000 registrations in May, with plugin hybrids (PHEVs) surging 187% year over year (YoY) […].

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