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Germany agrees $2.3B aid for car industry

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Germany has agreed on the $2.3B aid package for the auto industry to help them become greener via automated and emission-free driving.
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02 Nov 2020

China buys electric vehicles

On Monday, China's State Council stated that 20% of new car sales in China will be made up of electric vehicles by 2025.

02 Nov 2020

JPMorgan to own 71% in China securities JV

JPMorgan is set to acquire a 20% worth stake in the Chinese securities business from a local partner, totalling the stake it will own in the joint venture to 71%.

02 Nov 2020

Japan's Nidec plans $2B EV plant in Europe

Japan's Nidec Corp is planning to spend $1.9B on a new factory based in Serbia to manufacture motors for electric cars, according to the Nikkei newspaper.