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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 For the APAC region in 2015, IHS forecasts that China’s economic growth will decelerate further, to 6.5% However, IHS Automotive analysts still expect light vehicle sales in China to grow by 7% in 2015 to 25.2 million, an increase of 2.4% North America.

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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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The central government’s plan, posted on its website, is targeting the production of 500,000 plug-in hybrid and electric vehicles by 2015, with output to grow to 2 million units of those types by 2020. 2012 Chinese Auto Industry Development Report. —Energy-saving and new energy vehicle plan. L/100km (40 mpg US) or less.

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New EV20 Alliance Targeting 1M Additional Electric Vehicles on Road by 2015

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A new global alliance comprising businesses and government leaders and led by the international NGO, The Climate Group, set an ambitious target to put one million additional EVs on the road by 2015, on top of EVs that automakers are already planning to bring to market.

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Nissan and Hydro-Québec partner to expand the public charging network in Québec; 20 DC Fast Charging sites in 2015, 5 in 2016

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At the Montreal International Auto Show, Nissan announced it will support the expansion of the public charging network “ the Electric Circuit ” with an investment in 25 DC Fast Charging sites. The agreement aims to help finance the commissioning of 20 fast charging sites for the Electric Circuit in 2015, with five more planned for in 2016.

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BYD Auto To Begin Sales of F3DM Plug-in to Individuals

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BYD Auto says it will place its F3DM dual-mode plug-in electric vehicle ( earlier post ) on sale to individual buyers on 29 March, with the first sales location to be Shenzhen, Guangdong Province. People’s Daily. BYD has sold more than 100 units to governments, banks and other institutions since it entered the market at the end of 2008.

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Financially troubled Enovate reportedly close to getting life-saving money

CN EV Post

Enovate is set to close a new round of funding in the near future, amounting to RMB 750 million yuan ($108 million), a report in local media Auto Time today said, citing multiple sources. Another source with access to the financing said that it is indeed happening and that specific plans are being negotiated.

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EC rolls out CARS 2020 action plan for European auto industry

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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. The Commission is convinced that financing should cover. social impacts of restructuring.