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ABI Research: 16B ride-hailing trips completed globally in 2017, 24B expected in 2018; 70% in Asia

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A recent mobility study by ABI Research on regional ride-hailing markets found that 16 billion ride-hailing trips were completed worldwide in 2017. Uber’s withdrawal from the region, however, has helped create extra opportunities for local players, as they look to establish themselves and expand within the region and globally.

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Mercedes-Benz to build electric vehicles in 6 plants on 3 continents; global battery network; EQC in 2019

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Mercedes-Benz is in the process of building out hubs for the production of electric vehicles and batteries around the globe. Markus Schäfer, Member of the Divisional Board of Mercedes-Benz Cars, Production and Supply Chain said that Mercedes-Benz will build its electric vehicles in six plants on three continents. Earlier post.).

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Volkswagen to build MEB EVs in Chattanooga beginning in 2022; $800M investment in plant

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In addition to Chattanooga, Volkswagen is building the first dedicated EV production facility in Zwickau, Germany, starting MEB production by the end of 2019. Volkswagen is building up the production capacity needed to sell more than 1 million electric cars per year by 2025.

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Volkswagen brand produced more than 6M vehicles in 2017

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The Volkswagen brand produced more than six million vehicles in 2017, setting a new record. The brand’s global product portfolio now includes over 60 models. In 2017, Volkswagen launched more than 10 new models throughout the world. will be the automobile future of Volkswagen. The family will include the I.D.,

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Ford and Volkswagen expand global collaboration to include EVs, invest in Argo AI

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Ford Motor Company and Volkswagen AG are expanding their global alliance to include electric vehicles—and will collaborate with Argo AI to introduce autonomous vehicle technology in the US and Europe. The car-maker is planning to use this platform to build approximately 15 million cars for the Volkswagen Group alone in the next decade.

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IEA: global energy efficiency progress drops to slowest rate since start of decade

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Energy efficiency has tremendous potential to boost economic growth and avoid greenhouse gas emissions, but the global rate of progress is slowing, according to a new report by the International Energy Agency. Global primary energy demand rose by 2.3% improvement in 2017 and marked the third year in a row the rate has declined.

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IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

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Global refining capacity is set to expand by 1 mb/d in 2022 and 1.6 Following nearly two years of declines, observed global oil inventories increased by 77 mb in April. mb below the 2017-2021 average. Preliminary data for May show total OECD stocks building by 6 mb. mb/d this year, eroding its spare capacity cushion.

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