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Chery’s high global ambitions and the early success of its multi-brand strategy are attracting attention.
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In May, the global light vehicle (LV) selling rate stagnated, month-on-month (MoM), at 89 million units/year, and remains well below the market result last year.
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US national security regulations are making it more difficult for OEMs with China links to sell cars fitted with advanced connectivity tech.
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VW enters into exclusive arrangement with Bain Capital for sale of majority stake in Everllence.
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Marelli filed for Chapter 11 protection in June.
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The companies are looking to pool procurement of the components to bring down costs and sharpen their edge against Chinese rivals and Tesla.
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The company aims to supply strong-hybrid powertrains for Renault and Nissan vehicles sold in India.
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Sales of fuel-efficient, electrified vehicles up sharply year-to-date.
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The South Korean government is targeting 1.23 million charging outlets nationwide by 2030.
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The agreement covers joint feasibility assessments and commercial pilot programmes in selected European markets.
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