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Hyundai seeks to restore market share in China with new EV brand

Teslarati

Hyundai seeks to restore its market share in China with a new electric vehicle (EV) brand. a 50-50 joint venture between Hyundai Motor and BAIC—announced a new project to develop an electric vehicle brand exclusive to the Chinese market. Tesla China accounted for 22.5% This week, Beijing Hyundai Co.—a

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Groupe Renault changes China strategy: light commercial vehicles and electric passenger cars

Green Car Congress

Groupe Renault is setting a new strategy for China, based on Electric Vehicles (EV) and Light Commercial Vehicles (LCV). With 860,000 electric vehicles sold in China in 2019, China is by far the largest EV market in the world. EV sales are expected to reach 25% of the Chinese market by 2030. LCV market.

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Renault CEO calls for Auto European plan to protect against ‘onslaught of EVs from China’

Teslarati

Renault CEO Luca de Meo released a 19-page open letter to Europe describing an auto European plan to protect against the ‘onslaught of electric vehicles (EV)’ coming from China.” Meo stated that the center of the global automotive market has gravitated toward Asia. China is making rapid inroads into the all-electric vehicle segment.

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BMW opens new Shanghai R&D center; focus on human-machine interaction and hardware-software integration

Green Car Congress

The BMW Group further expanded its R&D footprint in China with the opening of a new R&D Center in Shanghai. China is already home to BMW Group’s largest R&D system outside of Germany, with locations in Beijing, Shanghai, Shenyang and Nanjing. Our new R&D Center and BMW China R&D upgrade will enable us to achieve a real competence push.

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Honda to partner with Neusoft on new EVs for China market

Green Car Congress

At the International Forum on Chinese Automotive Industry Development, Honda Motor (China) Investment Co., and Honda Motor China Technology Co., and Honda Motor China Technology Co., Honda also said it will proactively explore new business opportunities in the area of car sharing services in China.

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Volkswagen Group China, JAC and SEAT sign new deal advancing e-mobility in China

Green Car Congress

Spain-based SEAT, a member of the Volkswagen Group, signed a Memorandum of Understanding with Volkswagen Group China and Anhui Jianghuai Automobile Group Corp., Ltd (JAC) to advance e-mobility in China. Since the joint venture was created in 2017, SEAT has been contributing its know-how in the areas of design and R&D.

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

Green Car Congress

Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “ —Gabriel Collins.