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IDTechEx: motors with oil cooling became the dominant form in the electric car market in 1H 2022

Green Car Congress

In the first half of 2022, motors with oil cooling became the dominant form in the electric car market, taking 50% market share, according to a report from IDTechEx. IDTechEx is predicting oil to gain an even greater market share with purely water jacket-cooled motors remaining in a significant way.

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Geely Auto forms new premium electric car company Zeekr; SEA EV architecture

Green Car Congress

Geely Auto Group (Geely Auto) officially announced the widely reported formation of Zeekr—a new electric mobility technology and solutions company based in China that will serve growing global demand for premium electric vehicles. Zeekr aims to deliver a new electric vehicle to market each year in the coming five years.

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Hyundai Motor Company to build automotive plant in Saudi Arabia

Electric Cars Report

The Saudi sovereign wealth fund PIF (Public Investment Fund) and Hyundai Motor Company have announced the signing of a joint venture agreement to establish a highly automated vehicle manufacturing plant in Saudi Arabia. PIF will hold a 70% stake in the new joint venture with Hyundai holding the remaining 30%.

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Samsung SDI, Hyundai Motor Company Clinch First Supply Deal for EV Batteries

Electric Cars Report

Samsung SDI announced the company has clinched a supply deal for electric vehicle batteries with Hyundai Motor Company for the first time. Samsung SDI said the company will supply prismatic batteries for Hyundai Motor’s electric vehicles targeting the European market for seven years from 2026 through 2032.

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Electric cars and SUVs help charge Tata Motors FY2024 performance | Autocar Professional

Baua Electric

Tata Motors is on a roll. The company, which announced its FY2024 results on May 10, 2024, has reported record financial numbers for last fiscal. This strong showing is the result of strong sales emanating from its domestic passenger and commercial vehicle businesses as well as record sales of luxury car and SUV maker JLR.

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Volvo Cars introduces new single-motor C40 Recharge variant

Green Car Congress

Volvo Cars is introducing a range of updates to its entire car line-up, the most prominent of which is an exterior refresh of its fully electric XC40 Recharge. The company also unveiled a single electric motor variant of the pure electric C40 Recharge. C40 Recharge.

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Volvo Cars to triple electric car production capacity in Ghent after strong year of electrified car sales

Green Car Congress

Volvo Cars is tripling electric car manufacturing capacity at its plant in Ghent, Belgium as it prepares to meet fast growing demand for its Recharge line-up of chargeable cars. The plant already builds the XC40 Recharge, the company’s first fully electric car, as well as a plug-in hybrid version of the XC40.

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