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GAC Group begins construction of $6.5B industrial park for electric and intelligent vehicles

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China-based automobile manufacturer Guangzhou Automobile Group (GAC Group), the parent company of GAC Motor, has begun construction of a large industrial park for electric and intelligent vehicles as part of its efforts to boost its electric vehicle business. More than 45 billion yuan (US$6.5 More than 45 billion yuan (US$6.5

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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

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The International Energy Agency estimated there were 4 million low-speed electric vehicles in China as of midyear 2018, representing about 2% of the country’s passenger cars, Collins said. —Gabriel Collins.

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Geely testing Emgrand methanol hybrid sedan in -40 C conditions

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F) Arctic conditions in the frigid northern Chinese province of Heilongjiang. With methanol fuel price at Chinese pumps around 3RMB/L (€0.42/L In 2016, Geely Holding invested in Carbon Recycling International (CRI) which utilizes renewable energy and carbon capture to synthesize green e-methanol (Vulcanol) on an industrial scale.

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BMW Group 1st international automaker to obtain autonomous driving road test license in China; new R&D center in Beijing

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The BMW Group thus has become the first international auto maker to obtain the Autonomous Driving road test license in China, marking a big step on its path to Autonomous Driving. This achievement underlines BMW Group’s leading role in the development of autonomous driving in the Chinese automotive industry.

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Chinese EV battery manufacturer CATL building plant in Germany; 14 GWh capacity, €240M investment by 2022

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The Chinese EV battery manufacturer Contemporary Amperex Technology Ltd. CATL will invest €240 million by 2022 in the German plant, which will be located on a 70-hectare site in the industrial area Erfurt Cross. With an annual supply of 12 GWh in 2017, CATL is number one in the global automotive battery industry.

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Chinese EV battery manufacturer CATL building plant in Germany; 14 GWh capacity, €240M investment by 2022

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The Chinese EV battery manufacturer Contemporary Amperex Technology Ltd. CATL will invest €240 million by 2022 in the German plant, which will be located on a 70-hectare site in the industrial area Erfurt Cross. With an annual supply of 12 GWh in 2017, CATL is number one in the global automotive battery industry.

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LeEco showcases autonomous EV concept LeSEE at Auto China 2016

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China-based internet company LeEco unveiled its LeSEE electric car concept this week at Auto China 2016—The 14th Beijing International Automobile Exhibition. Ding also served as the Deputy project lead for Shanghai Automotive Industry (Group) Corporation and oversaw the purchase of MG Rover. Earlier post.)

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