Remove China Remove Manufacturer Remove Production Remove Stimulus
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BYD sells 18,220 EVs in China in November, up 128% year-on-year

Green Car Congress

Chinese automotive manufacturer BYD sold 18,220 pure-electric passenger vehicles in November, up by 22.1% Its January-November production fell by 9.7% The market began to recover in the second quarter, supported by government stimulus measures to encourage the use and purchases of such vehicles, notes Argus Media. on the year.

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China EV industry sell-off creates opportunity, says Morgan Stanley

CN EV Post

However, in Morgan Stanley's view, the sales potential of China's EV companies in the second half of the year is underestimated at a time when costs are sliding. "We That, combined with weak full-year sales following the stimulus withdrawal, could dampen sales volumes and margins for EV brands in the first half of 2023, the team said.

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IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

Green Car Congress

IHS Markit is forecasting that global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 will be down 22% (more than 650,000 units) to 2.6 China slowly gaining momentum after shutdown. Most commercial vehicle factories in mainland China have returned to production. decline in global real GDP in 2020.

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Li-ion maker Boston-Power adds $30M in funding; China expansion

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Boston-Power recently broke ground on its new manufacturing site in Liyang. Boston-Power recently broke ground on its new manufacturing site in Liyang. GSR Ventures is an early-stage venture capital firm focused on building world-class technology companies in China.

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ABB launches first DC fast charger compliant with Chinese GB standard

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The new chargers will be manufactured locally in Shenzhen at ABB’s recently established base for electric vehicle chargers. Furthermore, ABB will incorporate electric vehicles into its company fleet, demonstrating full support for green transportation in China. Earlier post.)

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Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

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a provider of lithium-ion battery cells, modules and systems ( earlier post ), announced $125 million in new funding from a combination of private equity investment and support from China. As part of its plans, Boston-Power is establishing an R&D and EV battery engineering facility in China. Boston-Power, Inc., Reorganizing.

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IHS Markit: global auto sales to drop 22% this year

Green Car Congress

IHS Markit cut its forecasts for global light vehicle sales and production as the impact COVID-19 impact has depressed demand. IHS Markit forecasts a similar decline for global light vehicle production, falling to 69.3 In recent weeks, Mainland China is seeing some recovery, while much of the rest of the world remains in lockdown.

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