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

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The company also unveiled targets for sales and financial performance to be achieved by 2030. Under the new plan, the company aims to boost annual global BEV sales to 1.87 Presentation of Gang Hyun Seo, Executive Vice President and Head of Finance & Accounting Division at Hyundai Motor Company.

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Amyris files for Chapter 11

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In tandem, to advance its restructuring goals and maximize the value of its assets, Amyris is planning to exit its consumer brands and will begin marketing them for sale, with a view to having these brands continue to leverage Amyris’ science and technology while under new ownership.

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Data show California BEVs at 6.7% new vehicle marketshare in Q3

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In an indication of the disparate income effects of the ongoing reopening/shutdown cycle in the state, sales of the higher cost alternative fuel vehicles held up better as higher wage workers have been more able to retain their jobs and incomes through telecommuting, according to the California Center for Jobs & The Economy.

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Pike Research forecasts China plug-in market to reach 152,000 units/year by 2017, falling short of government targets; BEVs to dominate

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PEV Sales in China by segment: 2012-2017. Pike projects the PEV market in China will grow at a compound annual growth rate (CAGR) of 60% from 2012 to 2017, surpassing 152,000 units sold annually by 2017. However, that figure represents less than 1% of the total light duty vehicle market in China. Market development.

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Volkswagen brand to spend more than €9B on electrification over next 5 years; expansion of platform model

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—Board Member for Sales Jürgen Stackmann. In order to finance the enormous future investments, the Volkswagen brand will have to realize even higher cost savings than previously planned. Volkswagen will also be investing strongly in digitalization. The aim is to create the world’s largest automotive ecosystem.

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Brightmark Energy closes $260M in financing for first US commercial-scale waste-plastics-to-fuel plant; ULSD and naphtha

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Brightmark Energy , a San Francisco-based waste and energy development company, closed a $260-million financing package for the construction of the US’ first commercial-scale plastics-to-fuel plant, which will be located in Ashley, Indiana.

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Volvo Cars raises US$533M via issuance of preference shares to Swedish investors

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The share sale follows two bond issues earlier this year, a €500-million (US$521-million) bond to global institutional investors in May, and a further SEK3 billion (US$320 million) to Swedish institutional investors in November. The latest financing move is another step towards Volvo Cars’ long-expressed ambition to act as a listed company.

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