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IHS Markit: global auto sales to drop 22% this year

Green Car Congress

IHS Markit cut its forecasts for global light vehicle sales and production as the impact COVID-19 impact has depressed demand. According the new analysis, global light vehicle sales are now forecast to be 69.6 —Colin Couchman, executive director, global autos demand forecasting at IHS Markit. million units. million units.

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SK On and Sakuu will jointly develop 3D-printed EV batteries

Baua Electric

SK On is rapidly ramping up battery production plans in the US – earlier this week, the South Korea-headquartered battery maker had signed a non-binding memorandum of understanding (MOU) with ExxonMobil for a multiyear offtake agreement of up to 100,000 metric tons of Arkansas lithium. Get started here. –ad*

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Hyundai to launch a new electric mini-SUV at €20K

Baua Electric

The Casper, an ICE vehicle on sale in South Korea, will get a fresh new look in the form of an all-electric city car–slash–mini-SUV, releasing in European markets by the end of this year. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them.

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Global auto production may hit 80+ million units this year; hybrids below 2% of total output

Green Car Congress

Global sales of passenger vehicles increased from 75.4 The major driver of increased production and sales are the emerging economies, especially China. Auto manufacturing capacity continues to grow, and annual output could reach the 100 million mark by 2016. Rising sales translate into an ever-expanding global vehicle parc.

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Kia will push EV leasing to harvest tax credit score boon

Baua Electric

Kia The united states will incline aggressively into an Inflation Relief Office provision that permits it to go ailing a $7,500 federal incentive to electrical automobile shoppers who choose to hire as opposed to purchase, in line with Eric Watson, the automaker’s gross sales leading. or in a rustic the place the U.S. now to 30 to 40 p.c,

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EV battery maker SK On to buy 100k metric tons of Arkansas lithium from ExxonMobil

Baua Electric

South Korea-headquartered SK On will use the lithium to manufacture EV batteries in the US. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them. affiliate link* FTC: We use income earning auto affiliate links. Get started here.

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North America just got its first recycled Li-ion battery materials plant

Baua Electric

The material is then exported overseas, most often to China and South Korea, for further processing. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them. ad* FTC: We use income earning auto affiliate links. Get started here. –ad*

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