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GlobalData: Global automakers earmark nearly US$600B for EVs over next decade

Green Car Congress

Broadly, the investments announced focus on the development of production facilities, technology, EV batteries, new product and securing future raw material supply (primarily semiconductors and battery materials). Prior to this, Toyota had only a few BEV models manufactured with its Chinese partner GAC Group.

Global 370
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BYD's new plant in central Chinese city Zhengzhou goes into operation

CN EV Post

Currently in production is the first phase of BYD 's Zhengzhou base, with a planned annual capacity of 400,000 vehicles. | BYDDY.US | BYD HK BYD (OTCMKTS: BYDDY) has officially started production at a new vehicle production site that begins contributing to the capacity of China's largest maker of new energy vehicles (NEVs).

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Hungary expects $3B in unutilized Chinese language auto business funding

Baua Electric

billion) in unutilized Chinese language investments within the automobile sector, additional boosting the central Ecu public as a regional heart within the transition to electrical mobility, International Minister Peter Szijjarto mentioned. Closing age, Chinese language battery maker Eve Energy introduced a $1.2

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Tesla Giga Shanghai has resumed over 80% production

Teslarati

Tesla Giga Shanghai has resumed over 80% production along with several other companies, according to Chinese official Zhang Hongtao — the chief engineer of the Shanghai Economics and Information Technology Commission. During a press conference, Zhang stated that Shanghai created a second list of 1,188 companies that can resume work.

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Confirmed! China’s Leapmotor to go on-sale in Australia in 2024 with C10 SUV

EV Central

The Chinese electrified vehicle maker Leapmotor will launch in Australia in late 2024 as part of an international expansion backed by global auto giant Stellantis. Leapmotor International future product plan. They would no doubt welcome the opportunity presented by an affordable Chinese electric brand.

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China’s battery storage capacity growth likely to slow in 2024 – ET Auto

Baua Electric

That estimate lags the expected growth in sales of energy storage products, which will rise 35% year-on-year globally, according to the white paper. Globally, geopolitics and Europe’s carbon regulations will pose challenges to China’s international shipments.

Auto 52
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China’s battery storage capacity growth likely to slow in 2024 – ET Auto

Baua Electric

That estimate lags the expected growth in sales of energy storage products, which will rise 35% year-on-year globally, according to the white paper. Globally, geopolitics and Europe’s carbon regulations will pose challenges to China’s international shipments.

Auto 52