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Austrian bus company signs framework agreement for up to 106 Solaris battery-electric and hydrogen buses

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Buses to be purchased by ÖBB include up to 24 of the latest, zero-emission Urbino 9 LE electric buses, and up to 82 Urbino 12 hydrogen buses. The contract also provides for the possibility to purchase Urbino 9 LE electric buses, the youngest member of the electric Solaris family, which was launched in September 2021.

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Allison Transmission purchases equity stake in Odyne Systems; commercial hybrid trucks

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During that time, Allison developed hybrid propulsion systems for city buses which went into production in 2003. Allison Transmission has been a leader in hybrid-propulsion technology since the early 1990s. By the end of 2011, city buses equipped with the Allison H 40/50 EP hybrid system were operating in 230 cities worldwide.

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BMW Group extends joint venture contract in China until 2040

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Founded in 2003 with Chinese partner Brilliance China Automotive Holdings Ltd. Payment of the purchase price is expected to be completed by 22 February. The BMW Group will use the additional capacity to manufacture models for the Chinese market locally, which are also being produced in other plants.

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Lux: nearly $7B in private investment in emerging oil & gas E&P technologies over last decade

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Investment into emerging oil and gas E&P (exploration and production) technologies, which were nearly non-existent in 2003, at just $57 million, have attracted nearly $7 billion in private investment from 497 unique transactions, according to a new report from Lux Research, “ Investing in Next Generation Oil and Gas Technologies ”.

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Volvo Group to acquires 45% of Dongfeng Commercial Vehicles for $900M; Volvo to become world’s largest manufacturer of heavy-duty trucks

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The purchase price is RMB 5.6 Volvo’s transaction with DFG follows an agreement between DFG and Nissan Motors, in which DFG purchased the medium- and heavy-duty commercial vehicle operation from the joint venture DFL (owned jointly by DFG and Nissan Motors).

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GE and Harbin Electric sign MOU to bring FlexEfficiency power generation technology to China

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(HE) signed a memorandum of understanding (MOU) in which HE agreed to purchase GE’s newest gas turbine featuring FlexEfficiency technology. As part of the MOU, HE plans to purchase four 9FB gas turbines from GE before the end of 2013, including two that will incorporate FlexEfficiency technology. Earlier post.)

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Tesla replays DOE loan nine years early

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For the first seven years since its founding in 2003, Tesla was funded entirely with private funds, led by Elon Musk. Elon Musk, Tesla’s Chief Executive Officer and cofounder, purchased $100 million of common equity, the least secure portion of the offering.

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