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EV developer Rivian closes $2.5B funding round; raised $10.5B in total since 2019

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The financing was led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor Company and funds and accounts advised by T. billion since 2019. In February 2019, Rivian announced a $700-million funding round led by Amazon. In February 2019, Rivian announced a $700-million funding round led by Amazon.

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Ford investing $3.5B to build LFP battery plant in Michigan; partnering with CATL

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Ford will invest $3.5 billion to build the country’s first automaker-backed LFP battery plant, offering customers a second battery technology within Ford’s EV lineup. Ford is now commited to build both nickel cobalt manganese (NCM) and lithium iron phosphate (LFP) batteries in the US. With this $3.5-billion

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Ford to launch new generation of Mondeo hybrid models in 2019; first Mondeo hybrid wagon

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Ford will enhance the fuel-efficient Mondeo Hybrid gasoline-electric vehicle range—including the introduction of the first Mondeo Hybrid wagon variant—from 2019. Ford will release full specification and pricing for the enhanced Mondeo Hybrid range closer to the model’s on-sale date.

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Ford 2019 Transit Connect Cargo Van in US adds diesel option, 4G LTE

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Ford introduced the new 2019 Transit Connect Cargo Van. The best-selling compact cargo van in the US, Ford Transit Connect has a 46% market share. More than 300,000 Transit Connect vehicles have been sold since 2009 when Ford created the segment in the United States. Of those, 97% are still on the road.

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EIA: Permian region expected to drive US crude oil production growth through 2019

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million b/d in 2019. In particular, the Permian region in western Texas and eastern New Mexico is expected to account for more than half of the growth in crude oil production through 2019. million b/d in 2019. EIA forecasts Federal Offshore Gulf of Mexico (GOM) production to grow by 158,000 b/d in 2019 to average 1.9

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US Auto Industry Down 8% Since 2019

CleanTechnica EVs

First, before getting into the automaker comparisons for the second quarter of 2023 versus the second quarters of 2019, 2020, 2021, and 2022, […] No other media outlet compares US auto industry trends with as much history and depth as we do in these.

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Ford to import next-gen Ford Focus for N. America from China; production starting 2H 2019

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Ford announced a series of global manufacturing actions centered on improving the company’s operational fitness, among them that it would source the next-generation Ford Focus for North America primarily from China, rather than Hermosillo, Mexico. Ford is a top auto exporter in the US. This is in addition to the $1.3

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