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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.

Chinese 259
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JATO: Global car sales up by 2.8% in Q1 2016 due to SUV boost in China and Europe

Green Car Congress

million LCVs and passenger car units were sold across all segments globally in Q1 2016—a 2.8% increase (558,700 more units) on the same period in 2015—largely driven by growth in the Chinese and European markets. Europe was the strongest market for premiums, accounting for 43% of the global total. in Q1 2016.

2016 150
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Taiwanese smartphone giant Foxconn reveals electric ute, global sales planned

EV Central

Taiwan’s Yulon Motors Co will start volume production of the Model C next year under the Luxgen n7 name. But Hon Hai says there are already plans in place for all three models to be built in Taiwan, Thailand and the USA. All up Hon Hai has now shown off five EVs, including the Model E luxury sedan and Model T bus seen in 2021.

Global 52
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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 greenfield project in Hungary will be a giant leap in CATL’s global expansion, and also an important step in our efforts to make an outstanding contribution to the green energy drive for humankind.”

Hungary 98
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BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

Green Car Congress

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 Global investment in renewable energy capacity moved up 2% to $303.5

2020 259