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Ford considers growing EV supply chain in Kentucky

Teslarati

Ford is considering growing its electric vehicle (EV) supply chain in Kentucky. The components would primarily be used for EVs,” according to the minutes of a Kentucky Economic Development Finance Authority board meeting. Ford recently reported a 61% growth in electric vehicle sales for Q2 2024.

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Zhongding Power to invest more than $200M to build EcoMotors opoc plant in China

Green Car Congress

One of the largest automotive component conglomerates in China, Zhongding will finance and construct the first opoc plant in the Anhui Province. Zhongding plans to supply opoc engines to a broad range of customers, including GenSet engines, off-road and commercial vehicles. China Diesel Engines Fuel Efficiency'

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Hyundai Motor targeting 7% of global EV market by 2030; 1.87M BEVs

Green Car Congress

The company also unveiled targets for sales and financial performance to be achieved by 2030. Under the new plan, the company aims to boost annual global BEV sales to 1.87 Presentation of Gang Hyun Seo, Executive Vice President and Head of Finance & Accounting Division at Hyundai Motor Company.

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Renault-Nissan Alliance, CEA and FSI to Form Joint Venture to Develop and Manufacture Batteries for Electric Vehicles

Green Car Congress

In order to complete the financing of the project, the European Investment Bank (EIB) is considering a loan of up to 50% of the €280 million (US$416 million) debt financing. Batteries produced by the joint venture would be available for sale to any manufacturer. billion) financed by the French government.

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Volkswagen brand to spend more than €9B on electrification over next 5 years; expansion of platform model

Green Car Congress

—Board Member for Sales Jürgen Stackmann. In order to finance the enormous future investments, the Volkswagen brand will have to realize even higher cost savings than previously planned. Volkswagen will also be investing strongly in digitalization. The aim is to create the world’s largest automotive ecosystem.

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Pike Research forecasts China plug-in market to reach 152,000 units/year by 2017, falling short of government targets; BEVs to dominate

Green Car Congress

planned for sales to the mass market in five pilot cities encountered delays due to infrastructure installments, Pike noted, and consequently were not rolled out in 2011. Price will be a major barrier to growth on the demand side, Pike notes, especially given China’s reliance on cash sales over financing. Market development.

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Ola Electric to invest USD 100 mn in gigafactory – ET Auto

Baua Electric

Last August, Ola Electric raised USD 240 million from State Bank of India for building the Gigafactory as part of a USD 384 million financing round that saw participation from Singapore’s sovereign fund Temasek. The firm is proposing to raise up to INR 5,500 crore through a fresh issue and an offer-for-sale (OFS) of 95.2

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