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Penske orders 750 Ford E-Transit cargo vans for rental and leasing fleet

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These are the first light-duty electric trucks to be made available in Penske’s rental and leasing fleet, as previously announced. Penske Truck Leasing operates more than 372,000 vehicles and serves customers from more than 1,300 locations in North America, South America, Europe, Australia and Asia.

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Foton Motor and motorcycle leader Piaggio Group partner on development of light commercial vehicles; EVs to come

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Foton Motor and Piaggio Group signed the agreement for a joint development project for new light-duty commercial vehicle products in Italy. Foton Motor presently is integrating information technology and manufacturing technology and aiming to realize intelligent products, intelligent plants, and intelligent management.

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Cenntro introduces two new electric vans at IAA Transportation

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The two new vehicles, the Logistar 260 (LS260) and the Logistar 100 (LS100), join the LS product line now available globally in Class 1 to Class 4. The first deliveries of the all-electric commercial vehicle are planned for the first quarter of 2023 in Europe, followed by market launches in Asia, the Caribbean and South America.

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Power Global, Rap Eco Motors to launch mass electric auto-rickshaw line powered by swappable battery technology

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Following an initial product launch in April 2022, the companies will partner to manufacture 50,000 electric auto-rickshaws over the next five years, advancing both companies’ roadmaps for “made in India” manufacturing. Rap Eco Motors delivers premier e-rickshaws nationwide and abroad to countries in Asia, Africa, Europe and South America.

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IHS Markit: more than 11.2M Vehicles will be equipped with V2X in 2024

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million light vehicles equipped with some form of Vehicle-to-Everything (V2X) system will be produced globally in 2024, representing 12% of the light vehicle fleet, based on new research and forecasts from business information provider IHS Markit). More than 11.2 percent in 2024.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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However, IHS Automotive analysts still expect light vehicle sales in China to grow by 7% in 2015 to 25.2 —Lin Huaibin, manager, China light vehicle sales forecast, IHS Automotive. North America. North America continues to be an impetus to global light vehicle demand levels. South America.

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PwC’s Autofacts forecasts global light vehicle assembly to reach 81.8M units in 2013, up 3.3% from 2012

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Global light vehicle assembly will reach 81.8 This will bring the region in sync with the recent recoveries in North America and Eastern Europe and the continued growth in developing Asia-Pacific and South America, according to the consultancy. South America. million units in 2013, representing a 3.3%

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