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Nio garners $2.2 billion investment from UAE fund

Teslarati

Chinese electric vehicle (EV) manufacturer Nio has garnered a $2.2 billion investment from a firm backed by the United Arab Emirates, as it continues to push to introduce its EVs in additional markets. It never stops, it’s just that currently the global financial policy environment has made this work more challenging.”

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BMW Group sourcing aluminum produced using solar energy from EGA

Green Car Congress

Generating the electricity needed to produce primary aluminum, i.e. aluminum obtained directly from the mineral compound alumina, is alone responsible for about 60% of the global aluminum industry’s greenhouse gas emissions. The BMW Group already has a long-standing supply relationship for primary aluminum with Emirates Global Aluminum (EGA).

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Gulf oil giants Saudi Aramco, Adnoc set sights on lithium – ET Auto

Baua Electric

China is the biggest processor and consumer of lithium, needed for electric and hybrid vehicles. China is the biggest processor and consumer of lithium, needed for electric and hybrid vehicles. Concentration and price collapse For now, global economic weakness has depressed buying of new vehicles and led lithium prices to dive.

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Electric Vehicle Initiative Launched at Clean Energy Ministerial in Washington DC

Green Car Congress

At the Clean Energy Ministerial in Washington, DC, 19-20 July, ministers reaffirmed their commitment to previously-announced targets for the deployment of electric vehicles, which the International Energy Agency (IEA) estimates will create global market momentum leading to at least 20 million electric vehicles on the road worldwide by 2020.

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More than 50 percent of MoUs signed in Vibrant Gujarat are green | Autocar Professional

Baua Electric

The Tenth Vibrant Gujarat Global Summit 2024 kicked off in Gandhinagar today. Over 50 Global CEOs including senior officials from the semiconductor, aerospace, and defence sectors, have confirmed their participation in the summit. lakh units per year and increase production by 7.5 This will lead to 1.7 lakh to one million.

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BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

Green Car Congress

They also spent $139 billion on electric vehicles and associated charging infrastructure, up 28% and a new record. billion, up 12%, while investment in stationary energy storage technologies such as batteries was $3.6 billion, level with 2019 despite falling unit prices. billion, level with 2019 despite falling unit prices.

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Top 14 Electric Vehicle Motor Manufacturers in India: Driving Sustainable Mobility

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The global shift towards sustainable transportation has accelerated the growth of electric vehicles around the world, and India is no exception. As the second-most populous country with a rapidly growing middle class and increasing environmental concerns, India has emerged as a significant market for electric vehicles.

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