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Pike Research forecasts China plug-in market to reach 152,000 units/year by 2017, falling short of government targets; BEVs to dominate

Green Car Congress

However, that figure represents less than 1% of the total light duty vehicle market in China. The Chinese government initially overestimated consumer demand for electric vehicles, and has made adjustments to its incentive policies. conventionally fueled car—remain out of reach for low-income, cost-conscious Chinese consumers.

Plug-in 239
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Canada to launch tariffs on Chinese EVs, battery materials this year

Teslarati

Over the last couple of months, support has been mounting for Canadian lawmakers to impose tariffs on Chinese EVs , after the U.S. The tariffs will go into effect in October, and the country is also considering tariffs on Chinese products such as chips, solar cells, and others still. and others trying to bolster domestic supply chains.

Canada 86
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Daimler expanding activity in China with 2B investment in JV with BAIC

Green Car Congress

Daimler AG and its Chinese partner Beijing Automotive Industry Corporation (BAIC) signed a strategic framework agreement to further expand their cooperation in China. The signing ceremony was held in the presence of German Chancellor Dr. Angela Merkel and the Chinese Prime Minister Wen Jiabao. Dieter Zetsche.

China 186
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BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

Green Car Congress

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. Investment in public charging hit $4.1 billion, down 12%. billion last year.

2020 259
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Volkswagen Group to invest ~€60B in hybridization, electric mobility and digitalization over next 5 years; ~€33B on electromobility

Green Car Congress

In light of the worsening economic situation, we are also working on increasing our productivity, our efficiency and our cost base so as to secure meeting our targets. The Chinese joint ventures are not included in the consolidated group and are therefore excluded from the above-mentioned planning.

Hybrid 191
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Tesla’s sales in China jumped by 8.8% in 2024

Teslarati

READ MORE ON TESLA CHINA: Tesla China ends Q4s last full week with 18,600 new vehicle registrations Tesla also launched a number of late-term promotions in the Chinese market, including the extension of an RMB 10,000 yuan ($1,369.99) discount on the final payment for Model Y purchases. What are your thoughts?

China 137
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Geely raises $400M via Green Bonds sale to develop and produce TX5 range-extended electric London taxis

Green Car Congress

China’s Zhejiang Geely Holding Group (ZGH) has raised $400 million through the first Green Bond sale on the offshore market from a Chinese automobile company to support the design, development and production of range-extended electric vehicles by its UK subsidiary, the LondonTaxi Company (LTC), manufacturer of the iconic London Black Cab.

London 170