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Stellantis stops building of Canada EV battery module plant over federal price range

Baua Electric

‘WE CONTINUE TO NEGOTIATE’ A spokesperson for Champagne stated Friday the “auto industry is crucial to the Canadian economy and to the hundreds of thousands of Canadian workers.” ” “We proceed to barter in excellent religion with our companions.

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Hyundai will ‘take the bull by the horns’ with a new EV brand in the world’s biggest market

Baua Electric

Although reports claimed Hyundai would produce EVs under the Chinese automaker’s Arcfox brand in October, those plans have since fallen through over financing. According to sources, it’s expected to be equipped with LFP batteries to drive down prices. Hyundai is set to take the bull by the horns,” an auto industry official said.

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FAME 2 benefits to continue beyond March, says Dr Hanif Qureshi | Autocar Professional

Baua Electric

In June, the government slashed the subsidy for electric two-wheelers under the scheme by Rs 5,000 to Rs 10,000 per kWh and reduced the cap on incentives for two-wheelers to 15% of the ex-factory price of vehicles from 40%. The subsidy was reduced after the funds envisaged for the two-wheeler segment were exhausted.

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BNEF forecasts EVs to hit 54% of new car sales by 2040; decreasing importance of PHEVs

Green Car Congress

Electric vehicles will make up the majority of new car sales worldwide by 2040, and account for 33% of all the light-duty vehicles on the road, according to a new forecast published by Bloomberg New Energy Finance (BNEF). We see a momentous inflection point for the global auto industry in the second half of the 2020s.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Green Car Congress

in 2014 as a result of industrial overcapacity and weakness in the real estate sector. million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. The campaign is expected to have a long-lasting effect on premium parts/vehicle prices in China.

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Rivian IPO: What you need to know

Teslarati

is expected to price its initial public offering (IPO) later today, November 9, 2021. Rivian has disclosed that it is targeting a valuation above $60 billion in its IPO, with shares priced between $57 and $62. It would also overtake longtime players in the auto segment, such as Japanese carmakers Honda Motor Co.,

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Fitch Ratings: US automakers well positioned for weak demand in 2012; estimates break-even for Detroit 3 at 10.5M units

Green Car Congress

In its “2012 Outlook: US Auto Manufacturers and Suppliers”, Fitch assigns the industry a Positive Rating, expecting the credit profiles of the US OEMs and auto suppliers to generally strengthen in 2012, assuming that global economic conditions do not weaken materially from current trends. million units in 2012, up 4.4%

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