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Better Place, China Southern Grid sign strategic agreement on battery switching; Guangzhou accord to encourage production of EVs with switchable batteries

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Better Place and China Southern Power Grid Co. CSG is the world’s eighth-largest utility, according to the Fortune Global 500. It also calls for the city to promote electric-car adoption in fleet segments including public-sector vehicles and private-sector fleets such as taxis.

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World Bank/PRTM study finds global value chain shift resulting from vehicle electrification could favor China from technology and supply chain perspectives

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PRTM projects that the global EV value chain will likely be greater than US$250 billion by 2020. Driven by four global megatrends—reducing CO 2 emissions, oil concerns, growing congestion, and rapid technology advances—countries worldwide are focusing strongly on vehicle electrification. Click to enlarge.

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Geely invests in Carbon Recycling Intl.; vehicles fueled by methanol from CO2, water and renewable energy

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This is an important symbol of Geely Group’s global commitment to sustainability. In late April 2015, Geely Auto deployed a first-of-its-kind fleet of 150 methanol-fueled taxis in the southern Chinese city of Guiyang in cooperation with the municipal government. I’m excited to be working with them. Earlier post.).

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