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CATL to build battery production base in Guangdong; US$1.9B, 25 GWh in first phase, 150 GWh by end of 2030

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The first phase is planned to build a designed production capacity of 25GWh and an investment of 12 billion yuan (US$1.9 The latest announced investments come on top of plans CATL unveiled last year to increase capacity at a cost of up to 65 billion yuan (US$10 billion). The new announcements will add to this total.

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IDTechEx: Sales of electric motorcycles in Europe grew 50% y-o-y in 2020

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IDTechEx expects electric motorcycle sales in Europe to have grown at least 50% year-on-year in 2020, building on the momentum of recent years. 2020 is an IDTechEx estimate based on Q1 - Q3 2020 data. 2020 is an IDTechEx estimate based on Q1 - Q3 2020 data. Source: ACEM, IDTechEx.

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Lux: Tesla likely to miss 2020 vehicle target by >50%; Gigafactory to bring only modest reduction in costs, >50% overcapacity

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Tesla and its partner, Panasonic, will contribute about 45% and 35%, respectively, of the initial $4 billion required to build the Gigafactory, proposed to go on-stream in 2017. The Gigafactory will only reduce the Tesla Model 3’s cost by $2,800, not enough to sway the success of the planned lower-cost EV.

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Nikola announces Nikola Badger pickup; FCEV/BEV powertrain to support 600-mile range

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The Badger was designed to handle 0-100 mph launches with minimal loss of performance and to operate on grades up to 40% through advanced software blending of batteries and fuel-cell. Nikola has billions worth of technology in our semi-truck program, so why not build it into a pickup truck? Towing capacity of more than 8,000 pounds.

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DOE releases Energy Storage Grand Challenge Roadmap; 44% reduction in manufactured cost for 300-mile EV pack by 2030

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Announced in January 2020 by US Secretary of Energy Dan Brouillette, the Energy Storage Grand Challenge (ESGC) seeks to create and sustain American leadership in energy storage. This is why the US Secretary of Energy announced the Energy Storage Grand Challenge in January 2020.

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Ford ups its electrified vehicle ante to $11B; 86% trucks and SUVs in the product mix by 2020

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Ford management gave an update on its product line plans, touting that by 2020, the company will offer “North America’s freshest lineup among all full-line automakers,” with its average showroom age dropping from 5.7 By 2020, trucks and SUVs—including electrified vehicles—are to represent 86% of Ford’s product mix.

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UPS invests in Arrival, orders 10,000 electric delivery vehicles

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The technology is designed to increase safety and operating efficiencies, including the potential for automated movements in UPS depots. UPS will initiate testing ADAS features later in 2020. UPS continues to build an integrated fleet of electric vehicles, combined with innovative, large-scale fleet charging technology.

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