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SoftBank to invest $2.25B in GM Cruise; GM to add $1.1B; driving large-scale AV deployment

Green Car Congress

We are very impressed by the advances made by the Cruise and GM teams, and are thrilled to help them lead a historic transformation of the automobile industry. equity stake in GM Cruise and will afford GM increased flexibility with respect to capital allocation. The SoftBank Vision Fund investment will be made in two tranches.

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Feature: Top 6 Reasons Why an EV Is the Right Choice

Clean Fleet Report

This figure represents a 46 peercent increase compared to sales made in 2018. One of the reasons behind the drastic increase in sales was the more affordable price range of the Tesla Model 3, a best-seller in the U.S., Tesla’s Model 3 paved the way to powerful, affordable EVs. Electric Vehicles are Affordable.

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VW Chief Executive Says Company Will Introduce EVs Based on the Up! New Small Family in 2013; Cautions Against Electro-Hype

Green Car Congress

Within a decade, he added, Volkswagen wants to offer significant numbers of pure electric cars at affordable prices and with the range expected by customers. Winterkorn noted that the industry is experiencing its worst crisis in decades, with a collapse in the global market of 18% in the first half of this year. Background.

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Tesla Aiming For New Milestone Of Two Million Cars

MyEVOnline

Mainly, his masterplan required the company to produce high-end, expensive cars, that would further fund the production of more affordable electronic vehicles in the future. Only two years ago, in 2018, the company faced its worst year in terms of production. How Will this Affect the Global Market?

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DOE to award $68.5M for advanced vehicle technologies research

Green Car Congress

The price of cobalt, a key element within an lithium-ion batteries (LiB) for stability, has nearly tripled over the past few years due to increased demand from the cell phone industry, a current materials shortage, and speculation for a future global shortage. First/last mile for people/goods movement.

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Are Rising EV Inventories Proof Nobody Wants Them?

The Truth About Cars

Those who follow the automotive industry will have undoubtedly noticed that dealer inventories are slowly approaching levels that would have been considered normal before the pandemic. While it would seem that people are losing interest in battery-driven automobiles, industry experts are claiming that all is not as it seems.

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‘Agri output and rural market dynamics to be key in 2024’: Manish Raj Singhania | Autocar Professional

Baua Electric

Automotive retail has been somewhat challenging in India over the last couple of years, as the industry had to go through post-Covid-19 recovery, and the market had to evolve very fast. We had predicted a single-digit growth for CVs — the true barometers of the sector, as well as the overall industry.

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