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MAN launches sales of the first heavy-duty electric truck in its corporate history

Electric Cars Report

MAN Truck & Bus has launched sales of the first heavy-duty electric truck in its corporate history, marking another milestone in the decarbonization of freight transport. 600 order inquiries have already been received.

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Sumitomo Corporation of Americas makes strategic investment in hydrogen fuel provider OneH2

Green Car Congress

Sumitomo Corporation of Americas (SCOA), the largest subsidiary of Sumitomo Corporation, one of the world’s largest traders of goods and services, has invested in OneH2, a hydrogen fuel company headquartered in Longview, North Carolina. Their solution is both mobile and scalable.

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BYD and UzAuto to form NEV production JV in Uzbekistan

Green Car Congress

UzAuto companies produce a range of vehicles from light passenger vehicles to heavy-duty trucks, buses, trailers and superstructures with an annual production volume of more than 350,000 vehicles per year. UzAuto is expanding its production capacity by 500,004 by end of 2023 and 1 million vehicles by 2027.

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Cabot Corporation to open new battery application technology center in Europe

Green Car Congress

Cabot Corporation plans to establish a new technology center in Münster, Germany. The new technology center will focus on technical collaboration with customers in order to accelerate application innovation for Cabot’s battery materials product lines within Europe.

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Forty percent of BMW’s CY23 sales came from corporate customers | Autocar Professional

Baua Electric

BMW Group India, which registered 18 percent year-on-year (YoY) growth in CY23 , by cumulatively selling 14,172 cars under its BMW and Mini brands, also registered a 56 percent growth in corporate sales last year. These niche products are growing rapidly, and are expected to grow, but on a low base,” Pawah said.

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XL Fleet going public via merger with SPAC Pivotal Investment Corporation II; expanding fleet portfolio to all-electric solutions

Green Car Congress

XL Fleet and Pivotal Investment Corporation II, a publicly traded special purpose acquisition company (SPAC), have recently entered into a definitive merger agreement. XL has strong demand momentum with a $220-million 12-month sales pipeline and forecasted revenue of more than $21 million in 2020 and $75 million in 2021.

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US Treasury allows Chevron to resume oil production in Venezuela, delivery to US only

Green Car Congress

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued Venezuela General License (GL) 41 , authorizing Chevron Corporation to resume limited natural resource extraction operations in Venezuela. from receiving profits from the oil sales by Chevron.

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