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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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Tesla and Toyota to revisit old partnership for new EV development: report

Teslarati

Citing an official from the Japanese automobile industry, the Chosun Ilbo , one of South Korea’s largest newspapers, stated that the upcoming partnership between Tesla and Toyota would likely result in the development of a small electric SUV. kWh usable) battery pack, which came from Tesla.

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

Clean Fleet Report

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. In 2019, the sales of electric vehicles totaled 1.1 Europe and China.

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EIA: China promoting both fuel efficiency and alternative-fuel vehicles to curb growing oil use

Green Car Congress

In its 12 th , and current, Five-Year Plan, the Chinese government also launched a new strategy to promote new energy vehicles (NEV; vehicles that are partially or fully powered by electricity) and to support its domestic automobile industry to mass-produce NEVs. China Electric (Battery) Fuel Efficiency Oil Policy'

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Are Rising EV Inventories Proof Nobody Wants Them?

The Truth About Cars

Despite elevated fuel prices, aggressive marketing, and most companies vowing to transition toward building electrified automobiles exclusively, America has an EV supply of more than 100 days on dealer lots. share of battery electric vehicles has grown from a negligible fraction of a percent to over 6 percent between 2018 and 2023.

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The World’s Most Popular EVs Aren’t Cars, Trucks, or Motorcycles

Cars That Think

Exact figures on industry sales are hard to pin down; yet The New York Times quoted experts saying Americans bought roughly 500,000 e-bikes in 2020, compared to about 210,000 plug-in automobiles. Industry analysts expect that uptick in adoption to continue. And Deloitte expects 300 million e-bikes on the world's streets by 2023.

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DOE to award $68.5M for advanced vehicle technologies research

Green Car Congress

Topic areas for this funding opportunity include the following: Topic 1: Batteries and Electrification (up to $27 million). Topic areas for this funding opportunity include the following: Topic 1: Batteries and Electrification (up to $27 million). Low cobalt active cathode materials for next-generation electric vehicle batteries.

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