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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla will struggle to grow at projected rate, says IMI PresidentJim Saker, president of the Institute of the Motor Industry, talks about Tesla's AGM and explains what investors will be looking for in the development of the company's portfolio.
Persons: Tesla, Jim Saker Organizations: Institute of, Motor Industry, Tesla's
London CNN —Carmakers Renault and Geely have announced a joint venture to build engines for hybrid and gasoline-powered vehicles, with the partners investing a maximum of €7 billion ($7.7 billion) in total. Renault said Tuesday that, together with its Chinese counterpart, it planned to create a new company that aimed to produce up to five million internal combustion, hybrid and plug-in hybrid engines and transmissions a year. Renault and Geely expect the new company to supply engines and other components to several global auto brands, including Volvo, Nissan and Mitsubishi, as well as for their own cars. Vehicles sold included those powered by batteries, plug-in hybrid engines and fuel cell engines. Tesla’s deliveries from its Shanghai factory more than doubled in the second quarter, accounting for over half of its record global sales, data from the CPCA showed.
Persons: London CNN — Carmakers, ” Renault, Jim Saker, Organizations: London CNN, London CNN — Carmakers Renault, Geely, Renault, Volvo, Nissan, Mitsubishi, Reuters, NurPhoto, Getty, Hong, Saudi Aramco, Centre for Automotive Management, Loughborough University, EV, , China Passenger Car Association . Vehicles Locations: Hong Kong, Saudi, United Kingdom, China, Shanghai
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