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TTTech Auto gains US$285M investment from Aptiv and Audi

Green Car Congress

TTTech Auto, a Vienna-based technology leader in automotive safety software, raised US$285 million (€250 million) from Aptiv PLC and Audi in its latest funding round. With this latest funding round and a valuation of more than US$1 billion, TTTech Auto confirms its strong position amid a growing number of auto tech unicorns.

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Power Global, Rap Eco Motors to launch mass electric auto-rickshaw line powered by swappable battery technology

Green Car Congress

Following an initial product launch in April 2022, the companies will partner to manufacture 50,000 electric auto-rickshaws over the next five years, advancing both companies’ roadmaps for “made in India” manufacturing. metric tons annually and eliminate dangerous NO x and PM tailpipe emissions that contribute to air pollution.

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Asian EV Manufacturers You Should Know

Clean Fleet Report

Most people are aware of key players like Hyundai and Nissan, but there are so many other EV manufacturers that are taking over Asia—and possibly set to conquer the international market, including the U.S. Below are just some of the EV manufacturers worth knowing about. The VinFast VF 8–now on sale in the U.S.

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Tesla to appear at China International Supply Chain Expo in Beijing

Teslarati

Tesla will appear at the first China International Supply Chain Expo later this month, set to be held in Beijing. The expo will feature a total of 515 exhibitors, including Tesla, Apple and several other companies, according to a report from Nikkei Asia on Tuesday. “We hope U.S. ties,” Zhang said.

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Tesla India teams reassigned to other Asia-Pacific markets

Teslarati

The Tesla India team was reassigned to Asia-Pacific (APAC) and other markets. It also included David Feinstein, who has been with Tesla for years and works with global and international businesses. The EV manufacturer made real progress in India in 2021 when it acquired several business licenses.

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Deloitte: interest in hybrid vehicles still significantly outpacing full battery-electrics

Green Car Congress

As global auto manufacturers continue to invest in electrified vehicle (EV) production, internal combustion engine (ICE) powertrains dominate future US intentions, with 69% of US consumers looking to retain the technology for their next vehicle, according to Deloitte’s 2022 Global Automotive Consumer Study report.

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Are Auto Companies Ready for the Future?

Clean Fleet Report

In addition to the CASE (Connected-Autonomous-Shared-Electrified)-driven transformation of the industry, a combination of additional internal and external factors is piling on complexity. The United Auto Workers strike in the U.S. Some OEMs plan to discontinue internal combustion engine (ICE) vehicles altogether in the next few years.

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