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This is How the COVID-19 Pandemic Affect The Global EV Market

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The COVID-19 control measures and the economical crisis that followed took a massive toll on the global automotive and manufacturing industries. The main reasons for global automotive sales drop are, The purchasing power of consumers decreased. COVID-19 & Global Electric Vehicle Market. The short distance market.

Market 52
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PwC industry survey provides check-up on determining factors for EV success

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Global hybrid + EV assembly forecast. This is already a reality as governments around the world have offered billions of dollars in the form of loans, grants, and rebates through various stimulus programs. Source: PwC. Click to enlarge.

Industry 199
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KBR Awarded Contract by Chemetall Foote Corp. for Lithium Hydroxide Operation Expansion

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million grant from the US Department of Energy to expand and upgrade the production of lithium materials for advanced transportation batteries. KBR is a global engineering, construction and services company supporting the energy, hydrocarbon, government services, minerals, civil infrastructure, power and industrial markets.

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Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain

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But the most immediate and pervasive risk to the economy is a wholesale collapse of the automotive supply base, Grant Thornton LLP partner Laura Marcero told the Automotive Press Association in Detroit. Grant Thornton LLP is the US member firm of Grant Thornton International Ltd, one of the six global audit, tax and advisory organizations.

Grant 150
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Eaton to Support Project to Develop and Deploy Medium-Duty Plug-in Hybrid Systems; Stimulus Funding to Support Largest Commercial PHEV Demonstration to Date

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million grant to develop a fully integrated, production plug-in hybrid system for Class 2 – 5 vehicles (8,501 – 19,500 lbs gross vehicle weight), and the accompanying demonstration of a fleet of 378 plug-in hybrid trucks and shuttle buses. billion in grants by the US Department of Energy under the American Recovery and Reinvestment Act.

Eaton 150
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Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

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Additionally, through its stimulus programs and local industrial policies, the Chinese government is providing a range of grants, low-interest loans and related financial and tax incentives. CEO, Protean Electric and a 32-year auto industry veteran responsible for the development and production of the GM EV-1.

Boston 199
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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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Renewables account for approximately 10-15% of the global energy infrastructure investment and according to New Energy Finance renewables have been hit hard by the global recession with a 47% in Q1 2009 vs. Q1 2008 ($13.3 The US is in a race for global dominance in the new energy economy with China. Billion vs. $28.3

Financing 150