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

Green Car Congress

Impacts to global auto demand in the wake of COVID-19 have rapidly progressed to severity levels higher than the 2008-2009 recession, and significant uncertainty around prospects for a meaningful recovery remain. —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. Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way.

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

Green Car Congress

The auto industry’s production capacities are far from fully used; PricewaterhouseCoopers (PWC) estimates current global vehicle assembly capacity at almost 95 million, the report notes. Auto manufacturing capacity continues to grow, and annual output could reach the 100 million mark by 2016. l/100 km (52.3 mpg US) for 2020.

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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. Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. affiliate link* FTC: We use income earning auto affiliate links. Get started here.

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Kia will push EV leasing to harvest tax credit score boon

Baua Electric

Either one of Kia’s EVs — the EV6 and Niro EV — are shipped from South Korea. However till next, it’s going to be imported from South Korea. The post Kia will push EV leasing to harvest tax credit score boon appeared first on Bauaelectric Auto News. now to 30 to 40 p.c, Watson stated. to start out U.S.

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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. Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. ad* FTC: We use income earning auto affiliate links. Get started here. –ad*

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