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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

Daimler AG is taking a major step forward in its China strategy with the closing of the company’s 12% investment in long-standing partner BAIC Motor, the passenger car unit of Beijing Automotive Group (BAIC Group), one of the top automotive companies in China. BDNT); as well as sales companies in Hong Kong and Taiwan.

Chinese 259
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Europe will miss 2030 chip market goal, says ASML CEO – ET Auto

Baua Electric

Global semiconductor sales are expected to grow from USD 600 million this year to more than USD 1 trillion by 2030, and all capacity currently planned in China will be needed. “It’s totally unrealistic,” he said of the target set by the EU Commission amid shortages of chips for cars during the COVID-19 pandemic. .

Europe 52
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Foxconn tied up with Thailand’s PTT for making electric vehicles

Electric Vehicles India

Taiwan’s Foxconn has announced a partnership with Thailand’s government, a state-run energy group PTT PCL to manufacture electric cars in Thailand. Foxconn had tied up with Chinese electric-car maker Byton and automakers Zhejiang Geely Holding Group and Italian company Stellantis.

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CATL to build €7B battery plant in Hungary, its second in Europe

Teslarati

Chinese battery manufacturer Contemporary Amperex Technology Co., The Debrecen, Hungary battery plant would join CATL’s Munich, Germany facility as the second for the company in Europe. The Debrecen, Hungary battery plant would join CATL’s Munich, Germany facility as the second for the company in Europe.

Hungary 98
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Perspective: Despite Solyndra’s death, the future of solar energy is sunny

Green Car Congress

I believe that the loss of industry players Solyndra, Evergreen, and SpectraWatt opens the market for more innovative solar companies to succeed with smarter tactics and mainstream products that fit into existing manufacturing models. kWh average cost of electricity in the United States and globally. We need a better paradigm.

Solar 246
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BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

Green Car Congress

BNEF’s analysis shows that companies, governments and households invested $303.5 Global investment in carbon capture and storage (CCS) tripled to $3 billion, and that in hydrogen was $1.5 A geographical split of BNEF’s energy transition investment data shows that Europe accounted for the biggest slice of global investment, at $166.2

2020 259
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Honda Speaks About Near Future, EV Plans

The Truth About Cars

The company also says its break-even point based on the percentage of production capacity being utilized is down about 10 percent, again since fiscal year 2019. Honda is touting increased relationships with semiconductor manufacturers, including Taiwan Semiconductor Manufacturing Company Limited. One will be an SUV.

Honda 52