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The Scandinavian manufacturer hopes to disrupt the contemporary EV business model using a battery subscription service (and more).
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Taiwan-based smartphone manufacturing giant Hon Hai Precision Industry Co. (Foxconn) and state-owned oil supplier PTT PLC have signed an agreement to start electric vehicle (EV) manufacturing facility in Thailand. The 60:40 joint venture between PTT and Foxconn, respectively, will use the individual EV capabilities of both the parties to manufacture and supply EVs in Thailand and the region.
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In its next strategic step toward electric-only product lines, Mercedes-Benz is taking an 33% equity stake in European battery cell manufacturer Automotive Cells Company (ACC) to scale up development and production of next-generation high-performance battery cells and modules.
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Hyundai Motor Group has teamed up with LG Energy Solution to build an electric vehicle (EV) battery cell manufacturing joint venture (JV) with US$1.1bn investment in Indonesia. LG Energy, The Hyundai battery partnership will boost Indonesia strategic presence in EV market.
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To help industrialize production of future generation batteries, Mercedes-Benz is expanding its longstanding partnership with GROB-WERKE GmbH & Co., a global leader in battery production and automation system headquartered in Germany.
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Partnership between battery-swapping startup Ample and Sally, provider of EV rentals for taxi and rideshare, aims to gain traction for technology that hasn't yet lived up to its early promise.
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A jury of 165 fleet professionals chose seven SKODA Auto models as best company vehicles in the trade journal Firmenauto 2021 Company Car of the Year awards.
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Toyota Motor Corporation has launched the all-new Aqua, a hybrid electric-only compact car offering approximately 20-percent more fuel efficiency – 35.8 km/L – than its previous generation. The Aqua is the world's first vehicle to use a high-output bipolar nickel-hydrogen battery as an electric drive battery. According to Toyota, the new battery realizes approximately twice the output as it delivers improved accelerator responsiveness and enables smooth, linear acceleration from low speeds.
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Rising global demand for electric vehicles and economic energy storage systems has led to projections showing an orders-of-magnitude increase in demand for lithium.
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The program allows fleet operators to source electric vehicle batteries through a five-year "lease-to-own" program.
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