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Hyundai and Kia make €100M strategic investment in Arrival to co-develop electric commercial vehicles

Green Car Congress

Founded in 2015, Arrival has production plants and R&D centers in the US, Germany, Tel Aviv, Russia and the UK. Hyundai and Kia are exploring partnerships with various businesses to build a leadership position in the rapidly expanding global EV market.

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DOE to invest $30M to further H2 and fuel cell technology as industry continues strong growth

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The 2015 Fuel Cell Technologies Market Report shows that more than 60,000 fuel cells, totaling roughly 300 megawatts (MW), shipped worldwide in 2015. 2015 also saw the world’s first fuel cell vehicles for sale. Source: “2015 Fuel Cell Technologies Market Report” Click to enlarge.

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Suzuki reports fuel economy testing irregularities in Japan but says no need to amend values

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Suzuki reviewed the measuring process of driving resistance of all 16 models currently available for sale in Japan. Alto Lapin(Launched on 3 June 2015). Every(Launched on 18 February 2015). Solio(Launched on 26 August 2015). SX4 S-CROSS(Launched on 19 February 2015). Escudo(Launched on 15 October 2015).

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Governors of 8 states sign MoU to put 3.3M zero-emission vehicles on roads by 2025; 15% of new vehicle sales

Green Car Congress

US electric car sales in 2012 more than tripled to about 52,000 from 17,000 in 2011. By 2015 nearly every major automaker will have zero emission vehicles available for sale or lease, and more than 200,000 zero-emission vehicles are expected to be on the road across the US.

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Volvo Cars raises US$533M via issuance of preference shares to Swedish investors

Green Car Congress

Volvo Cars has raised SEK5 billion (US$533 million) from the sale of newly-issued preference shares to a group of Swedish institutional investors. The detailed terms of the sale have not been disclosed, but the transaction will have an immaterial dilutive effect on the current 100% ownership of Volvo Cars by Zhejiang Geely Holdings.

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Pike Research forecasts China plug-in market to reach 152,000 units/year by 2017, falling short of government targets; BEVs to dominate

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PEV Sales in China by segment: 2012-2017. However, according to a new report from Pike Research, PEV production will fall well short of the government’s ambitious goals of manufacturing 500,000 PEVs a year by 2015. Source: Pike Research. Click to enlarge. this goal, the government plans to invest CNY100 billion (US$15.7

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Nissan outlines EV expansion plans for Europe

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—Paul Willcox, Nissan’s Senior Vice President Sales and Marketing in Europe. Today the Nissan LEAF is on sale in 14 markets across Europe, with a total of 110 dealers. By 2013, the Nissan LEAF will be available for sale in 24 European markets. Market and Dealer Expansion. Customer evaluation vehicles. Vehicle Production.

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