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Finnish Minerals Group and Beijing Easpring to form JV company to advance €774M CAM plant project

Green Car Congress

The parties have now agreed to set up a joint venture company by the end of 2023, of which Beijing Easpring Material Technology will own 70% and Finnish Minerals Group 30%. The goal of the company is a state-of-the-art production plant capable of offering precursor cathode active material with an unprecedentedly low carbon footprint.

Companies 195
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Tesla works with global shipping company to digitize data and “stabilize logistics networks”

Teslarati

Tesla is helping Chinese state-owned company COSCO Shipping digitize its vast shipping data. COSCO has agreed to share shipping data with Tesla so the EV maker can test the system in the Chinese company’s Shanghai port. “We The company reported a net profit of $1.55 billion in 2020, up 47% from the previous year.

Global 145
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Daimler takes 12% stake in Chinese parter BAIC Motor; first non-Chinese automotive company to acquire an interest in a Chinese OEM

Green Car Congress

Daimler AG is taking a major step forward in its China strategy with the closing of the company’s 12% investment in long-standing partner BAIC Motor, the passenger car unit of Beijing Automotive Group (BAIC Group), one of the top automotive companies in China. MBLC); Daimler Northeast Asia Parts Trading & Services Co.

Chinese 259
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Cheaper EVs are starting to show up in smaller global markets – Charged EVs

Baua Electric

Media coverage of EVs tends to focus on the world’s largest auto markets: North America, Europe and Asia. Chinese automakers, which now have a range of lower-priced EVs to sell, are heavily targeting these markets. Chinese automakers, which now have a range of lower-priced EVs to sell, are heavily targeting these markets.

Market 52
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The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

Although competitive Chinese automaker BYD isn’t yet slated to enter the U.S. market, the company’s recent release of a city EV with a price tag under $10,000 has some worried for when it and other low-cost companies do. While BYD isn’t planning to enter the U.S. auto sector,” the organization writes.

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Stellantis-Leapmotor announces global expansion, to enter India by Q4 of 2024 | Autocar Professional

Baua Electric

Carlos Tavares, Stellantis’ global CEO, has announced that Leapmotor will enter the Indian market in Q4 of 2024 as part of Leapmotor International’s global expansion strategy. In Q4 of 2024, Leapmotor International will enter the South America, Middle East, Africa, India, and Asia Pacific regions, informed Tavares.

India 52
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Comment on BYD catches up with Tesla in global BEV market share in Q3 by Midori Mayari

CN EV Post

It's a meaningless measurement for most car companies, including Tesla. And I'm not talking about US and Europe; rather, I'm talking about Latin America, Africa, the rest of Asia apart from China, Japan, and South Korea, and so on. And let's not forget that BYD's "invasion" of the foreign markets is just beginning.

BYD 64