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Nio garners $2.2 billion investment from UAE fund

Teslarati

Chinese electric vehicle (EV) manufacturer Nio has garnered a $2.2 Nio buys 12% stake in lithium mining company What are your thoughts? billion investment from UAE fund appeared first on TESLARATI. Let me know at zach@teslarati.com , find me on X at @zacharyvisconti , or send your tips to us at tips@teslarati.com.

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Tesla receives massive fleet order from the UAE

Teslarati

According to the announcement from Arabia Taxi Dubai, it will buy 269 Tesla Model 3s to become part of its taxi fleet in the United Arab Emirates. If you have news tips, email us at tips@teslarati.com ! The post Tesla receives massive fleet order from the UAE appeared first on TESLARATI.

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India’s automotive aftermarket is likely to grow to USD 14 billion by 2028: ACMA-E&Y study  | Autocar Professional

Baua Electric

India’s automotive aftermarket is likely to grow to USD 14 billion by 2028 from the current USD 10 billion in 2023, according to research from the Automotive Component Manufacturers Association of India and Ernst & Young.

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Gulf oil giants Saudi Aramco, Adnoc set sights on lithium – ET Auto

Baua Electric

Three people familiar with the matter said Saudi Aramco and Abu Dhabi National Oil Company ( ADNOC ) were in the very early stages of work to extract lithium, regarded as a critical mineral by many major economies because of its use in battery manufacture. Aramco did not respond to a request for comment, Adnoc declined to comment.

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Indian automotive aftermarket expected to reach USD 14 billion by 2028: E&Y report – ET Auto

Baua Electric

Five of these markets namely Indonesia, LATAM, Poland, Brazil, Columbia and Bangladesh have matured aftermarket with a substantial number of ageing vehicles while another five markets, i.e., North Africa, South Africa, East Africa, West Africa and UAE are fast developing and offer high growth opportunities.

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Synovate Global Study Explores Future Car Buyers Sentiments

Green Car Congress

Unlike consumers in the west, respondents in these markets seem largely unaffected by the recession and continue to have faith in automotive manufacturers and their brands. People will return to car buying—it*’s just a matter of time. Scott Miller. Down but not out. In doing so, they will be prepared when the tides eventually shift.

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Using modular platforms and micro-factories to lower the cost of commercial EVs – Charged EVs

Baua Electric

From the manufacturing side, we’re trying to localize it. We’re approaching it from both the tech and the manufacturing standpoint to be modular, to enable and deploy for any vehicle application. Do you manufacture most of that stuff in-house or do you get some of it from suppliers? That’s from the technology side.