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IEA: nuclear power can play a major role in transition to low emissions energy systems; Russia, China leading on new reactor starts

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As the world contends with a global energy crisis, nuclear power has the potential to play a significant role in helping countries to securely transition to energy systems dominated by renewables, according to a new special report by the IEA. —IEA Executive Director Fatih Birol.

Russia 458
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Hyundai and Kia make €100M strategic investment in Arrival to co-develop electric commercial vehicles

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Arrival’s scalable electric platform can be adapted for multiple vehicle categories and types which Arrival, Hyundai and Kia will explore for the development of a range of Purpose Built Vehicles (PBV). Founded in 2015, Arrival has production plants and R&D centers in the US, Germany, Tel Aviv, Russia and the UK.

Kia 259
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Ford and Sollers sign MoU to establish a JV in Russia

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Ford Motor Company and Russian automobile company Sollers OJSC signed a Memorandum of Understanding (MoU) under which the parties intend to launch a new 50:50-owned joint venture called Ford Sollers for the production and distribution of Ford vehicles in Russia. Ford began producing cars in Russia in 2002. Earlier post.).

Russia 186
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Westport partners with GAZ Group on new CNG medium-duty vehicle range

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and GAZ Group, the leader of the Russian commercial vehicles market, signed a multi-year development and supply agreement for a new range of GAZ Group medium-duty compressed natural gas (CNG) commercial vehicles. The first products will be introduced in commercial production in 2014. Westport Innovations Inc.

Russia 199
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IHS Markit says outlook for crude oil prices strengthens through 2021

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Oil markets have returned to relatively stable ground with Brent prices within a narrow $40-$45 per barrel range and could conclusively pass the $50 per barrel mark in the second half of 2021, according to Roger Diwan and the IHS Markit Energy Advisory Service. bbl in 2020 and $49.25/bbl bbl in 2021—up $7.09/bbl bbl and $5.25/bbl,

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Renault’s new 2017-2022 plan: 8 EVs, 12 electrified models, 15 autonomous models

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million units2 sold in 2016, as the company expands its product range, including in LCV and new electric vehicles and builds on success of its global access range. Expanded Russia presence through Renault and investments in AVTOVAZ (Lada). Expanding the group’s already successful Global Access range.

2017 150
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Hyundai Motor Group to invest $87B over next 5 years; 44 electrified vehicles; new EV development system; hydrogen plans

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It will streamline operation networks and introduce new sales methods, while securing a flexible production system that can respond to the fluctuating global demand. to develop and commercialize electric and fuel-cell powertrains combining Hyundai’s fuel-cell system and Cummins’ electric powertrain, battery and control technologies.

Hyundai 284