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Stellantis strengthens ties with China’s auto industry

Teslarati

Stellantis appears to be strengthening its ties in China’s automotive industry. Stellantis recently repurchased €934 million in shares from Chinese auto company Dongfeng as per a pre-existing share repurchase framework. Dongfeng Motors Corporation Ltd. is a state-owned automobile manufacturer headquartered in Wuhan, Hubei.

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

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However, the flurry of announcements from the OEMs could also be interpreted as a high-stakes game of one-upmanship or a corporate PR exercise to boost investor confidence. and is an innovation leader with the highest number of patents filed amongst other global automakers. The company leads in deals (M&A, partnerships, JV, etc.)

Global 370
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Toyota once again ranked as worst automaker on climate lobbying globally

Baua Electric

InfluenceMap routinely ranks automakers and auto industry associations based on how much they lobby to stop climate policy goals. FTC: We use income earning auto affiliate links. The post Toyota once again ranked as worst automaker on climate lobbying globally appeared first on Bauaelectric Auto News.

Climate 52
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A123 Systems to license Li-ion battery system technology to IHI Corporation; IHI makes $25M equity investment in A123

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A123 Systems has expanded its business development partnership with IHI Corporation, one of the largest industrial equipment manufacturers in Japan. —Taizo Suga, Associate Director, General Manager, Corporate Development Division at IHI. In addition, IHI will make a $25 million equity investment in A123.

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Factorial Energy emerges from stealth with 40 Ah solid-state battery cell for EVs

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Factorial also announced the appointment of senior industry leaders with deep technical and automotive experience to its leadership team. Several major global automotive partners are currently validating Factorial’s technology with the intent of integrating FEST into their existing supply chains.

Energy 321
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AlixPartners study finds post-crisis auto industry facing new set of challenges; sales projected below historical levels for foreseeable future

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Specifically, the firm estimates US auto sales will reach just 12.7 AlixPartners also estimates that on-going unemployment and underemployment could cost the auto industry up to 1.5 —Mark Wakefield, a director in AlixPartners’ Global Automotive Practice. million units in 2011 and only 13.6 million in 2012.

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Auto industry survey finds need for materials innovation to meet 2025 CAFE; greatest change seen in powertrain systems

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More than 1,000 subscribers to WardsAuto responded to the survey designed to identify challenges and trade-offs associated with meeting 2025 CAFE (corporate average fuel economy) standards. This is a defining moment—not just for materials, but for the industry. —David Glasscock, DuPont global automotive technology director.