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Valeo acquires 80% stake in the Chery Group’s lighting company in China

Green Car Congress

As part of its development strategy in high-growth countries, and particularly China, Valeo has acquired an 80% shareholding in the company Ruby (a lighting specialist) from Chery Technology, a subsidiary of Chinese automaker Chery Automobile. Chery Technology will retain a 20% stake in the company.

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CCM: demand for ternary Li-ion batteries in China to more than double to 10 GWh in 2016 from 4.4GWh in 2015 due to subsidy fraud and response

Green Car Congress

The firm forecasts an immediate boom in demand for ternary Li-ion batteries—mainly used to power alternative energy vehicles—from 4.4GWh in 2015 to 10 GWh in 2016. billion (US$5 billion) as of the end of 2015. Chery Wanda Guizhou Bus Co., Subsidy fraud from five Chinese AEV makers in China. Subsidies totaled RMB33.44

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China to Encourage Consolidation in Auto Industry; Push to Increase Market Share of Domestic Automakers

Green Car Congress

According to sources with knowledge of the new policy, it intends that Chinese-brand passenger vehicles will comprise at least half of vehicle sales by 2015 and sedans made by entirely domestic automakers will have about 40 percent of the nation’s car market. Sales of domestic sedans hit 2.22 of the total. of the total.

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Global Top 20 - December 2020

EV Sales

With plugin registrations jumping 105% last month, it was the first time since 1411 2011 that we had 3 consecutive months (October, November & December) of doubling sales, with is a great sign for what 2021 could be. In December, the Climber of the Month was the VW ID.3, But more on that later.

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Market Forecast Projects Cumulative 1.7M PHEVs Globally by 2015, 36% in the US

Green Car Congress

A new report from cleantech market intelligence firm Pike Research forecasts that by 2015 a total of 1.7 The Obama Administration is targeting 1 million plug-ins in the US by 2015.) Hurst anticipates that Toyota, General Motors, and Ford will together account for three-quarters of the world market for PHEVs by 2015.

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