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Nio garners $2.2 billion investment from UAE fund

Teslarati

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.” Chinese electric vehicle (EV) manufacturer Nio has garnered a $2.2

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Borgward expanding to the Middle East; westwards from China

Green Car Congress

Borgward will systematically continue to globalize its activities by entering the markets of Middle Eastern countries such as Bahrain, Kuwait, Qatar, the United Arab Emirates (UAE), and Iran. In accordance with this roadmap, the company will expand westwards from China before entering the European market.

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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, level with 2019 despite falling unit prices. billion, level with 2019 despite falling unit prices. Global investment in carbon capture and storage (CCS) tripled to $3 billion, and that in hydrogen was $1.5

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The right way to get oil-rich West Asia to pressure electrical vehicles? Chinese language EV makers contemplate

Baua Electric

Around the six Gulf states, together with oil majors Saudi Arabia and the United Arab Emirates, electrical vehicles account for simply 0.4% per gallon, it costs about $50 to fill up a small sport-utility vehicle, compared with around $10 to fully charge a similar sized EV, according to Amer. Chery Car Co.