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Volkswagen Group investing $700M in XPENG for 5% stake, VW EV development; Audi jointly developing EVs with SAIC

Green Car Congress

The Volkswagen Group is strengthening its position on the Chinese automotive market with cooperations between the VW brand and XPENG and between Audi and SAIC. The initial stage of the cooperation will provide for the joint development of two VW-brand electric models for the mid-size segment in the Chinese market.

Audi 282
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Baker Institute report: China has positioned itself as a gatekeeper to the energy transition; nickel case study

Green Car Congress

How Electrifying Transport and Chinese Investment are Playing Out in Indonesia —focuses on nickel as a critical mineral, but has implications for the broader minerals and materials supply chains needed for broad-scale energy transition. Global Nickel Trade and Chinese Dominance. The detailed report— Need Nickel?

China 416
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Nio garners $2.2 billion investment from UAE fund

Teslarati

Chinese electric vehicle (EV) manufacturer Nio has garnered a $2.2 Nio’s investment comes from Abu Dhabi-backed firm CYVN Holdings, after the automaker also gained a $1 billion round of financing from the company in July, according to Financial Times.

UAE 110
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Crypto’s Slow Motion Gold Rush

Cars That Think

When Chinese authorities cracked down on cryptocurrency mining in May, earnings soared for miners in other countries. In April, 46 percent of all mining took place in China, according to data from the Cambridge Centre for Alternative Finance. In a matter of weeks, all that mining capacity went offline.

Chinese 105
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DOE awarding $1.6B to 11 battery materials separation and processing projects as part of $2.8B funding

Green Car Congress

NAM will deploy its advanced, cost effective and environmentally friendly process technology to provide a ~60% reduction in carbon intensity relative to the traditional Chinese synthetic graphite. Construction is expected to begin in 2023, subject to permitting and project financing, with first production targeted for 2025.

Parts 459
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Volkswagen again reaffirms 20 new PEV models coming across the Group; MEB development

Green Car Congress

The delivery figures also include the vehicles sold by the Chinese joint ventures. The business of the Chinese joint ventures is not included in the Group’s sales revenue and operating profit, however. The share of operating profit attributable to the Chinese joint ventures in 2015 remained at approximately €5.2 Hong Kong), 3.4%

2015 150
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Bosch Chairman Says Business Must Do More for Climate Protection, Even in Difficult Times

Green Car Congress

According to Fehrenbach, every third euro of sales generated by Bosch now comes from products that conserve resources and/or protect the environment. But by pursuing climate protection more earnestly and rigorously than before, he felt it could profit in terms of finance and trust. In Fehrenbach’s view, this would be a breach of trust.