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BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

Green Car Congress

billion, level with 2019 despite falling unit prices. China’s e-bus prices have declined, while annual sales have slowed due to the decrease in purchase subsidies as well as market saturation in large cities. Domestic installation of energy-efficient heat pumps came to $50.8 Overall, solar capacity investment was up 12% at $148.6

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Nio to unveil Onvo L60 to launch mass-market EV sub-brand

Teslarati

Chinese electric vehicle (EV) maker Nio is looking to unveil a new model this month under its mass-market brand, along with another, smaller model targeting a sub-$30,000 price tag for one expected to be unveiled next year. billion investment in December from a United Arab Emirates firm called CYVN Holdings.

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Car sales in China surge on back of exports, offsetting sales slump at home

Baua Electric

Bloomberg) Chinese auto sales slumped in June as the domestic economy remained sluggish, but buoyant exports offset the decline at home, an industry association said Wednesday. million cars, while exports rose 29 per cent to 400,000 units, the China Association of Automobile Manufacturers said in a monthly report.

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The world’s largest solar + storage project will deliver power 24/7

Baua Electric

Photo: Masdar The United Arab Emirates is building the worlds largest solar and battery storage project that will dispatch clean energy 24/7. Masdar announced Chinas JA Solar and Jinko Solar, two of the worlds largest solar panel suppliers, and Chinese battery and BESS giant CATL as preferred suppliers.

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NIO revenues up in Q4 2023, Alps sub-brand to launch in Q2 with a Tesla Model Y competitor

Baua Electric

Chinese EV automaker NIO shared its Q4 2023 report today, followed by an analyst call that included some interesting updates about its plans for the year, expansion to new global markets, and the launch of not one but two EV sub-brands, including Alps. For example, NIO intends to enter markets in the United Arab Emirates (UAE) this year.

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Which EV markets and models have performed strongest in 2024?

Baua Electric

05 September 2024 Read next Monthly Market Update: BEVs record another used-car market low in August 04 September 2024 Read next Balancing the price and performance of EV batteries 04 September 2024 Read next Is the global EV market slowing down? Chinese brands enjoy a good reception in the country, with Wuling outpacing BYD.

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

Baua Electric

Nevertheless, China, Europe and the United States also represent around two-thirds of total car sales and stocks, meaning that the EV transition in these markets has major repercussions in terms of global trends. Chinese car makers can undercut rivals in Europe because their production costs are heavily subsidised. million were EVs.