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Volvo Cars Tech Fund invests in electric car charging company FreeWire

Green Car Congress

Volvo Cars has acquired a stake in mobile EV rapid charging company FreeWire Technologies ( earlier post ) via the Volvo Cars Tech Fund. —Zaki Fasihuddin, CEO of the Volvo Cars Tech Fund. The Volvo Cars Tech Fund was launched earlier this year and aims to invest in high-potential technology start-ups around the globe.

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BYD overtakes Tesla as China’s EV giants dominate global sales

Electrek

The International Council on Clean Transportation (ICCT) just dropped its third annual Global Automaker Rating, showing that Chinese carmakers dominate the zero-emission vehicle (ZEV) space. Its massive domestic market has helped Chinese automakers build serious momentum.

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GlobalData: Global automakers earmark nearly US$600B for EVs over next decade

Green Car Congress

Prior to this, Toyota had only a few BEV models manufactured with its Chinese partner GAC Group. Nevertheless, the investment announced remain important for automakers from a perspective of sustaining the ongoing disruptions in the automotive industry. Toyota plans to launch 30 models by 2030. Toyota announced US$70.4

Global 370
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SAE New Energy Vehicle Forum: China’s focus on NEVs may have profound impact on future of transportation

Green Car Congress

The way cars are used here, the ways in which cars interact with the environment, the way in which human beings reside in urban centers in China are profoundly going to seed the development of the auto industry in every other part of the world. China wants to lead a revolution in transportation, not follow. Private sector.

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Ford and Zotye forming JV in China for EVs; Ford’s third JV in the country

Green Car Congress

The agreement was signed in Beijing today by Peter Fleet, Ford group vice president and president, Ford Asia Pacific, and Ying Jianren, chairman of Tech-New Group Ltd. and board director of Zotye Auto. Zotye Auto is a pioneer in the Chinese all-electric vehicle segment. Earlier post.). —Peter Fleet.

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China Needs More Ships to Handle Its Rapidly Growing EV Exports

The Truth About Cars

The country’s tech, automotive, and manufacturing industries have become juggernauts in their respective sectors, and the Chinese auto industry has solidified itself as a global force. China had long been a sort of a sleeping giant in the world economy, though it hasn’t been so sleepy over the last few decades.

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Now that’a a BIG statement! MG promises IM Motors electric luxury IM5 and IM6 will be the most “advanced cars anyone will be able to buy in Australia this year”.

EV Central

MG is launching its IM Motors electric luxury sub-brand in Australia with two models, five variants and rhetoric thats super-heated even by the standards of auto industry marketing spiel. Only founded in December 2020, its first concepts were presented at the Shanghai auto show in 2021 and its first model went on-sale in 2022.