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Daimler takes 12% stake in Chinese parter BAIC Motor; first non-Chinese automotive company to acquire an interest in a Chinese OEM

Green Car Congress

This marks the first investment by a non-Chinese automotive company in a Chinese OEM. The official closing of the transaction followed a short time after the signing of the investment agreement between the two companies in Stuttgart earlier this year and a smooth approval by the relevant Chinese authorities. Daimler in China.

Chinese 259
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Daimler to take 12% stake in BAIC Motor

Green Car Congress

The move, making Daimler the first non-Chinese automotive company to take a stake in a Chinese OEM, deepens an existing strategic partnership. It is also significant so that both companies can actively participate in the opportunities of the Chinese automotive market. Ltd to develop an electric vehicle for the Chinese market.

Motor 247
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BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

Green Car Congress

Commercial EV investment declined from $12 billion in 2016 to $4 billion in 2020. The market is shifting from long-haul heavy-duty commercial vehicles towards cheaper medium- and light-duty commercial vehicles for regional and local deliveries of consumer goods. Biomass and waste-to-energy financings were down 3% at $10 billion.

2020 259
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The Godfather of South Korea’s Chip Industry

Cars That Think

But it was Kim and his colleagues at Fairchild who realized the first CCD devices that evolved into commercial products widely used in digital photography, radiography, and astronomy. The South Korean government had established the institute in 1971 with financing from the United States Agency for International Development and had invited.