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Volvo Trucks leading market in Europe and in N America for electric heavy-duty trucks

Green Car Congress

Volvo Trucks leads the market in Europe and in North America for heavy electric trucks after the first quarter of 2023. Now, its electric product range is being made available in new markets in Asia, Latin America and Africa. The group is also investing in a charging corridor in North America.

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Volkswagen brand to invest €1B by 2026 in South America; targeting 40% growth in Brazil

Green Car Congress

The Volkswagen brand aims to make significant gains in South America with a major product offensive. By 2027, the company plans to grow by 40% in Brazil, the region’s largest market. In total, the South American automotive market is expected to grow 11% a year until 2030, making it one of the fastest growing markets in the world.

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Electrify America unveils its first application of megawatt-level energy storage

Green Car Congress

Electrify America recently unveiled its first application of a megawatt-level battery energy storage system (BESS) for electric vehicle (EV) charging stations, building upon the company’s existing BESS installations at more than 150 stations across the US, including more than 100 installations in California.

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Solvay and Orbia to create JV to supply PVDF to battery market; largest capacity in N America

Green Car Congress

Solvay and Orbia have entered into a joint venture framework agreement to create a partnership for the production of suspension-grade polyvinylidene fluoride (PVDF), creating the largest capacity in North America. Solvay, a global leader in PVDF, brings process technology and global market know-how to this venture.

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New FIAT 500e EV to come to N America

Green Car Congress

At the Los Angeles Auto Show, Olivier Francois, FIAT CEO and CMO global of Stellantis, officially announced plans to offer the fully electric Fiat 500e in North America. The new 500e will arrive in the US market in early 2024. FIAT first introduced a battery-electric version of the 500 in the US market at the LA Auto Show in 2012.

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Volkswagen Group, Siemens invests $450M in Electrify America

Green Car Congress

The Volkswagen Group and Siemens are investing $450 million in Electrify America, with a post-money valuation of $2.45 Through its financing arm Siemens Financial Services (SFS), Siemens becomes a minority shareholder in Electrify America with a low triple-digit million USD investment and will hold a seat on the board.

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Tesla FSD in China could add $2.3 billion in annual earnings by 2030: Bank of America

Teslarati

Bank of America seems to be seeing the potential of Full Self Driving (FSD) for Tesla’s future in China. As noted by Bank of America, if Tesla releases FSD as a $99 service in China, and if a quarter of the estimated 1.6 billion in annual earnings by 2030 under the same assumptions,” Bank of America noted.

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