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Balqon Receives Initial $490,000 Purchase Order for Heavy-Duty Electric Drive Systems From New China-Based Distributor

Green Car Congress

Our relationship with DynaProTech is a continuation of our localization strategy to have our drive systems integrated into products manufactured by regional original equipment manufacturers (OEMs) in major world markets. DynaProTech represents the sixth international dealer agreement Balqon has established since the beginning of 2010.

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The Global Outlook of Electric Vehicles

Blink Charging

However, there are still challenges ahead, most notably with procuring the raw materials needed for battery production. In fact, China accounted for half of the worldwide growth of EV sales in 2021, and IEA writes that more EVs were purchased there in 2021 than in the entire rest of the world throughout 2020.

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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

These trends indicate that growth remains robust as electric car markets mature. Battery electric cars accounted for 70% of the electric car stock in 2023, states the IEA annual report of the EV global parc. While sales of electric cars are increasing globally, they remain significantly concentrated in just a few major markets.

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How do Chinese language EV makers roll out unutilized merchandise so temporarily?

Baua Electric

In the meantime, Nio has additionally constructed and operates over 1500 battery switch stations, over 100 Nio Homes and Areas with quite a lot of yoga categories and nation occasions, their top rate grocery merchandise, plans their smartphone, and can starting two unutilized subbrands (Alps and Firefly) in nearest two years. 4 and FAW-VW ID.4

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