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Balqon Receives Initial $490,000 Purchase Order for Heavy-Duty Electric Drive Systems From New China-Based Distributor

Green Car Congress

In addition, we believe that our relationship with DynaProTech will also allow us to showcase our flux vector motor controllers and battery management systems to manufacturers of electric buses, trucks and automobiles in China. DynaProTech represents the sixth international dealer agreement Balqon has established since the beginning of 2010.

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The Global Outlook of Electric Vehicles

Blink Charging

In total, the International Energy Association reports , 6.6 However, there are still challenges ahead, most notably with procuring the raw materials needed for battery production. Manufacturer challenges On the manufacturing side, global demand for EV batteries doubled in 2021, driven largely by China’s EV sales.

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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

Battery electric cars accounted for 70% of the electric car stock in 2023, states the IEA annual report of the EV global parc. The year 2023 was the first in which China’s New Energy Vehicle (NEV) 3 industry ran without support from national subsidies for EV purchases, which have facilitated expansion of the market for more than a decade.