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BMW Group extends joint venture contract in China until 2040

Green Car Congress

The BMW Group has extended the contract for the BMW Brilliance Automotive Ltd. The corresponding amendment to the contract comes into force with the new “business licence”, which BBA received today from the relevant Chinese authorities. BMW iX in Shanghai. BMW iX in Shanghai. BBA) joint venture until 2040.

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BMW Group enters long-term €2B supply contract with Northvolt for battery cells from Europe

Green Car Congress

The BMW Group has signed a long-term supply contract worth €2 billion for battery cells with the Swedish company Northvolt. —Oliver Zipse, Chairman of the Board of Management of BMW AG. —Andreas Wendt, member of the Board of Management of BMW AG responsible for Purchasing and Supplier Network.

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BMW boosts CATL battery order to €7.3B, signs €2.9B battery order with Samsung SDI

Green Car Congress

The BMW Group is deepening its existing business relationships with battery cell manufacturers CATL (Contemporary Amperex Technology Co. billion for the BMW Group and €2.8 billion for the Chinese production site of the BMW Brilliance Automotive Ltd. billion for the BMW Group and €2.8 Limited) and Samsung SDI.

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

Baua Electric

Chinese car makers can undercut rivals in Europe because their production costs are heavily subsidised. million EVs in 2023 In China, the number of new electric car sales reached 8.1 However, the phase-out of several purchase subsidies in Germany slowed overall EV sales growth. Around 2% of all cars sold were electric.

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Lotus is betting its future on the electric sports car, can it deliver?

Baua Electric

The brand plans to be fully electric by the end of 2027, meaning the current Emira will be Lotus’ last gas engine product, full stop. Forget everything you know about Lotus or Chinese EVs — this looks and feels like a $100,000 product. The Emira is easily the best-reviewed and most in-demand car the company has ever built.

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The electric year ahead: Every new EV coming to Australia in 2024

EV Central

At that price it just sneaks in under the government’s FBT exemption, which allows for electric cars below $89,332 to pay no fringe benefits tax when purchased via a novated lease. Due in the second quarter, the BYD Seal U is available globally as a plug-in hybrid EV (PHEV) and a fully electric model.