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BMW i Ventures launches new $300M fund for sustainability, transportation, manufacturing and supply chain investments

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BMW i Ventures created a new $300-million venture capital fund with a strong focus on sustainability. The new fund will invest in early to mid-stage start-ups operating in the sustainability, transportation, manufacturing, and supply chain industries.

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Daimler, Tsinghua University deepen joint research cooperation on sustainable transportation; automated driving and intelligent mobility

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Through the Tsinghua Daimler Joint Research Center for Sustainable Transportation, the cooperation has been extended for an additional three years. The Tsinghua Daimler Joint Research Center for Sustainable Transportation combines our exceptional research capabilities with Daimler’s long heritage in automotive innovation.

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Report Finds That Urgent Changes in Transport Financing Required to Enable More Sustainable Transportation Globally

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Private flows are also directed towards the development of goods, services and infrastructure that support the motorization model of transport development, e.g. motor vehicle manufacturing. The private sector, given the right market signals, that can invest in and create new technologies and services that support sustainable transport.

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ORNL opens new automotive battery manufacturing R&D facility

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Oak Ridge National Laboratory has opened a $3-million automotive battery manufacturing R&D facility, allowing for collaboration with industry and other national labs while protecting intellectual property of industrial partners. —Claus Daniel, deputy director of ORNL’s Sustainable Transportation Programs. and 15%.

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US tire manufacturers urge Congress to implement policies for more sustainable transportation and infrastructure

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The US Tire Manufacturers Association ( USTMA ) is urging congressional leadership to continue working on tire policy and related transportation sustainability initiatives. Incentives for the use and manufacturing of retreaded tires. —Anne Forristall Luke, USTMA president and CEO.

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Volvo Group to acquires 45% of Dongfeng Commercial Vehicles for $900M; Volvo to become world’s largest manufacturer of heavy-duty trucks

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AB Volvo has signed an agreement with the Chinese vehicle manufacturer Dongfeng Motor Group Company Limited (DFG) to acquire 45% of a new subsidiary of DFG, Dongfeng Commercial Vehicles (DFCV), which will include the major part of DFG’s medium- and heavy-duty commercial vehicles business. —Volvo’s President and CEO Olof Persson.

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Two Foton Mobility Hydrogen City buses arrive for Transit Systems Australia

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The hydrogen fuel cell buses have been added to Transit Systems growing green fleet of sustainable transport solutions, which now includes 60 electric buses and two hydrogen buses. Foton has now manufactured and delivered in excess of 1,100 of this model, including the 450 which were provided to the Beijing Winter Olympics in 2022.

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