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Hyundai Motor targeting 7% of global EV market by 2030; 1.87M BEVs

Green Car Congress

In Seoul, Hyundai Motor Company unveiled a strategic roadmap to accelerate its electrification ambition as it pursues sustainable progress for the company. million units and secure 7% of global market share by 2030 by strengthening its line-up with 17 new BEV models by 2030; 11 for Hyundai models and 6 for Genesis luxury brand.

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Groupe Renault changes China strategy: light commercial vehicles and electric passenger cars

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Groupe Renault is setting a new strategy for China, based on Electric Vehicles (EV) and Light Commercial Vehicles (LCV). With 860,000 electric vehicles sold in China in 2019, China is by far the largest EV market in the world. EV sales are expected to reach 25% of the Chinese market by 2030. Chinese ICE passenger car market.

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US market Mercedes-Benz eSprinter to start at $71,886

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The US market will launch the 170" wheelbase cargo version with a high-roof configuration carrying a 113 kWh battery. The lithium/iron phosphate technology eliminates the use of any cobalt or nickel and is suited for light commercial vehicles due to durability. 10% to 80% in just over 40 minutes.

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Lordstown Motors closes assets sale to Foxconn; JV agreement for MIH-based EV development

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Lordstown Motors, an OEM of electric light-duty trucks focused on the commercial fleet market, has closed the sale of its Lordstown facility and signed a contract manufacturing agreement and joint venture agreement for product development with affiliates of Hon Hai Technology Group (Foxconn). and Irvine, Calif.

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Electric Last Mile Solutions announces long-term supply agreement with Wuling Motors

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Wuling Motors), a supplier of automotive components and one of China’s leading automotive manufacturers of electric cargo vans and light-duty specialty vehicles. Urban Delivery is expected to enter the US market at a starting price of approximately $25,000, after incentives. A Class 1 vehicle has a GVWR of 6,000 less or less.

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Volvo Group and Isuzu Motors sign final agreements to form strategic alliance; cooperation on EVs included

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The Volvo Group and Isuzu Motors signed binding agreements to form a strategic alliance within commercial vehicles in order to capture the opportunities in the ongoing industry transformation, in accordance with the Memorandum of Understanding signed in December 2019. Isuzu Motors is one of the world-leaders in the segment of 3.5

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TEPCO and Toyota develop stationary storage battery system using EV batteries

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TEPCO HD) and Toyota Motor Corporation (Toyota) have developed a stationary storage battery system (1 MW output, 3 MWh capacity) that combines TEPCO’s operating technology and safety standards for stationary storage batteries and Toyota’s system technology for electrified vehicle storage batteries. Tokyo Electric Power Company Holdings, Inc.

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