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Pike Research forecasts global biofuels market to double by 2012 to $185.3B

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Pike Research forecasts that the global market for biofuels will more than double over the coming decade, increasing from $82.7 BGPY in 2011) would represent just 7% of the estimated global transportation fuels market in 2021. — Biofuels Markets and Technologies. billion in 2011 to $185.3 billion by 2021. biofuels.

Global 253
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Pike Research forecasts global biofuels market value to double to $185B by 2021

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According to a new report from Pike Research, the increased production and consumption of biofuels will more than double the industry’s market value in the next decade. Pike forecasts that the global market for biofuels will increase from $82.7 Pike projects that the Americas will account for 71% of global biofuels production.

Global 225
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ZAP, Zhejiang Jonway Partner to Target China and Export EV Markets

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ZAP and Jonway partnered on the production of an electric version of the compact 5-door Jonway A380 SUV, integrating AC propulsion and lithium-ion battery system technologies to produce a mid-range electric vehicle (EV) that ZAP intends to offer to the fleet market in China. The conventional A380 is powered by a 1.6- liter Mitsubishi engine.)

China 186
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IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

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More indirect steps for the industry also include bond-financed infrastructure investments; measures to stimulate domestic consumption; and policies to support small- and medium-sized companies, in particular, and companies in Hubei province to stabilize the employment rate.

2020 191
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Valence Considering Building Battery Plant in US or Europe

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Lithium-ion battery company Valence Technology Inc. is considering building a battery plant in the US or Europe and will look into the possibility of funding from the economic stimulus package proposed by President Barack Obama. to produce electric vehicles for North America. Statesman.com. Earlier post.]. Earlier post.)

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ABB invests $10M in ECOtality

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Net proceeds of the $10 million equity investment from ABB will be utilized by ECOtality as working capital to support the continuing requirements of the EV Project and will provide the Company with necessary funding to meet its anticipated expansion as a leader in electric vehicle (EV) charging infrastructure.

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Volvo to Introduce Proprietary Medium-Duty Engine in 2010

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The first of these new medium-duty engines will be launched in 2010, according to Volvo CEO Leif Johansson in his presentation at Volvo’s Capital Market Day in Eskilstuna, Sweden. In the future, the emissions laws from the various major markets—e.g., The Volvo Group is developing its own medium-duty (MD) engine for trucks and buses.

Volvo 150