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Under the new plan, the company aims to boost annual global BEV sales to 1.87 million units and secure 7% of globalmarket share by 2030 by strengthening its line-up with 17 new BEV models by 2030; 11 for Hyundai models and 6 for Genesis luxury brand. The innovation will be expanded to global plants in the future.
In a new report , Deloitte forecasts that the clean hydrogen market will top the value of the liquid natural gas trade by 2030 and grow further to US$1.4 To achieve climate neutrality by 2050, the clean hydrogen market capacity can grow to 170 million tons (MtH 2 eq) in 2030 and to 600 MtH 2 eq in 2050. trillion per year by 2050.
Canada has released a list of 31 minerals considered critical for the sustainable economic success of Canada and its allies—minerals that can be produced in Canada, are essential to domestic industry and security and have the potential to support secure and resilient supply chains to meet global demand. —Seamus O’Regan Jr.
Volkswagen is expanding its global production network for electric vehicles by now starting to make the all-electric ID.4 million all-electric vehicles a year based on the MEB in the future at its sites in Europe, the US and China. 4’s start-up is on schedule, despite the global challenges during the two-year conversion phase.
Ipsos’ new 2020 Global Mobility Navigator Study, focusing on Electrification, found global interest remained on par with the numbers from 2019. However, the study reveals there has been an increase in interest in the US and Chinese markets. Source: Ipsos. —John Kiser.
Automotive supplier Eberspächer is entering the fast-growing market of hydrogen and fuel cell technology. In the future, Eberspächer will offer air supply components for fuel cell systems. We are deliberately investing in a futuremarket and want to grow purposefully with hydrogen and fuel cell technology.
Hyundai Motor Company plans to ramp up the US commercial vehicle market entry with XCIENT Fuel Cell trucks. Our ultimate goal is to fight climate change and build a sustainable future. We are running out of time to limit global warming. million km as of 30 April 2022.
The company is actively targeting the rapidly growing CNT market, widely used as the material for cathodes in electric vehicle batteries. The CNT produced at this plant will be supplied to market-leading global electric vehicle battery companies as a conductive additive.
Cummins and Canada-based Buhler Industries , a leading tractor manufacturer under the Versatile brand, signed a letter of intent for plans to integrate the Cummins 15-liter hydrogen engines in Versatile’s equipment to lead the decarbonization of the agriculture market. —Adam Reid, Versatile’s Vice-President of Sales and Marketing.
During Tesla’s Investor Day held in March, Elon Musk touched on Tesla’s Master Plan Part 3, which outlines a proposed path to reach a sustainable global energy economy through end-use electrification and sustainable electricity generation and storage. Earlier post.) Tesla has now done so.
and global economies with businesses and manufacturers having to close doors and furlough employees, the global trade markets plummeted to an 11-year low of 41.5% China controls the market for nearly 35 precious minerals and metals that are important to the U.S. New Tungsten Production Will Open the Global Supply Chain.
Geely plans to utilize commercial satellites to support high-speed data connectivity, highly precise navigation, and cloud computing capabilities in future vehicles. Geely’s entry into the commercial satellite business is part of the Group’s transformation into a global mobility technology enterprise.
Faraday Future has contracted with Myoung Shin Co., an automotive manufacturer headquartered in South Korea, to manufacture Faraday Future’s second electric vehicle, the FF 81, with start of production scheduled for 2024.
According to Adam Jonas, Tesla is caught in a tariff-triggered market slump tied to U.S. economic fears and global shifts. Despite delivery dips, Morgan Stanleys $410 target underscores Teslas tech-driven edge, setting it apart from EV peers like Lucid amid market turbulence. Teslas stock slid 17.5%
Therefore, automakers are committing operational investments of nearly US$600 billion to secure their position in the future automotive market, according to GlobalData, a leading data and analytics company. The investments affirm that the future must be electric and there is no turning back for traditional automakers.
As the transition to electric vehicles accelerates in several markets around the world, countries where the auto industry contributes significantly to their local economies need to accelerate their EV production to safeguard the future of their industries. An example of a country where the auto industry is a key pillar.
unveiled STLA Medium, a global BEV-by-design platform with state-of-the-art features including range of 700 kilometers (435 miles), energy efficiency, embedded power and charging power. STLA Medium is the first of four global BEV platforms to be launched less than two years after EV Day presentation in July 2021. Stellantis N.V.
Following initial contracts with European suppliers, the BMW Group has now concluded further 2 -reduced-steel-for-global-production-network">agreements for the supply of CO 2 -reduced steel in the US and China. Steel is one of the main sources of CO 2 emissions in our supply chain.
Honda Motor recently unveiled its work on two key advanced future safety technologies being developed with the goal of realizing “zero traffic collision fatalities involving Honda motorcycles and automobiles globally by 2050”. Intelligent Driver-Assistive Technology.
These heterogeneous effects mean that different countries will have differing incentives to abide by the Paris Agreement, which aims to limit global warming below 2 °C relative to pre-Industrial levels. Of course, this logic is correct only from a global planner’s point of view, where the planner puts equal weights across individuals.
The technology that will be developed for the project will enable drivers with hybrid vehicles to use their electric vehicle mode intelligently using the app, and enable transport authorities to understand the air quality impacts of future mobility solutions.
Product details and timing related to GM’s future trucks are not being released at this time. The 2023 Chevrolet Silverado was the best-selling retail full-size light-duty pickup in 2022, based on S&P Global Mobility 2022 CYE US new vehicle registrations using GM custom retail registration type. billion since 2013.
The wBMS is expected to drive GM’s Ultium-powered EVs to market faster, as time won’t be needed to develop specific communications systems or redesign complex wiring schemes for each new vehicle. —Kent Helfrich, GM executive director of Global Electrification and Battery Systems.
In February 2022, GTI Energy, S&P Global Commodity Insights and the National Energy Technology Laboratory (NETL) launched the Open Hydrogen Initiative (OHI), a collaboration to further transparency into the environmental impact of hydrogen production and help unlock its full potential as an important driver of energy transitions.
The new Qashqai follows the new Rogue sold in North America as the second global model for Nissan to feature aluminum parts produced with the closed-loop recycling process. Nissan is considering expanding the application of this process to future models and other factories.
Russia-based Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, presented its eleventh review of the nickel and platinum group metals (PGM) markets based on the fundamental analysis of world economic and industry data. Mt to 3.22 Mt (7% year-on-year growth).
The global capacity for carbon capture in 2030 is set to increase sixfold from today’s level, to 279 million tons of CO 2 captured per year, according to research company BloombergNEF’s (BNEF) newly released 2022 CCUS Market Outlook. of global emissions. The amount of CO 2 being captured today is 43 million tons, or 0.1%
This development is part of the company’s strategy to future-proof its engine technology in line with the global trend towards decarbonization of the energy and marine markets. Hydrogen as part of the renewable electricity system of the future. —Marco Wiren, President, Wärtsilä Energy Business.
A new Leaderboard Report from Guidehouse Insights evaluates the strategy and execution of 21 electric vehicle (EV) upstarts, with Rivian, NIO, and Nikola ranked as the leading market players. EV markets have grown to substantial penetration rates in many regions, and governments are beginning to revise policy support.
Mahindra & Mahindra and REE Automotive signed a memorandum of understanding (MOU) to explore development and manufacturing of electric commercial vehicles for globalmarkets. Production would be scaled further to support additional volume in the global as well as Indian market. OTA updates.
Rendering of Geely Future Mobility Constellation. These first satellites are part of a planned constellation—the “Geely Future Mobility Constellation”—that will comprise 240 satellites, with the first phase of 72 satellites expected to be placed in orbit by 2025.
Nissan will expand the award-winning 100% electric motor-driven e-POWER technology globally into the B- and C-segments. Sunwoda has an established global track record in the development of lithium-ion batteries, mainly used in consumer electronics and automotive batteries.
Disruptions to this supply can have wide-ranging consequences, but the understanding of how those disruptions play out in globalmarkets is limited. Rare earth elements are essential to many emerging technologies, including those that support a clean energy future. China dominates the global rare earths market.
The companies will work together to drive adoption of open, interoperable standards in wireless charging for global electric vehicle (EV) infrastructure Siemens makes strategic investment in WiTricity and licenses their technology for future wireless EV charging products. —Markus Mildner, CEO of Siemens eMobility.
In support of General Motors’ vision of a zero-emissions, all-electric future, Buick will bring its first electric vehicle to market for North America in 2024. Buick’s future EV products will carry the Electra name, drawing inspiration from the brand’s history. —Duncan Aldred, global vice president, Buick and GMC.
but its lineup is expanding in other countries, previewing future models for our market. The EX90 will get the dual-chip setup in a future revision. Volvo currently offers four EVs in the U.S., An advanced sensor array is also on board. Volvo said the system can detect obstacles in all conditions, including after dark.
Besides reducing CO 2 emissions due to shorter process times in the body shop, the value of volatile organic compounds (VOCs) is consistently below 250g/l and thus the lowest on the market, making the new product line the eco-friendliest automotive refinish coatings available, according to BASF.
In this way, Bosch is systematically reinforcing its semiconductor business, and will have significantly extended its global portfolio of SiC chips by the end of 2030. Above all, the global ramp-up of electromobility is resulting in huge demand for such special semiconductors.
This transaction will give LiveWire the freedom to fund new product development and accelerate its go-to-market model. LiveWire will expand its own product portfolio while focusing on the rapidly developing future of EV, ensuring that future technology is applicable to Harley-Davidson’s core segments.
The concept was presented at the Nissan Futures event by Alfonso Albaisa, Nissan senior vice president for global design, and Juan Manuel Hoyos, Nissan globalmarketing divisional general manager for brand and engagement. —Tommaso Volpe, Nissan global motorsports director. —Juan Hoyos.
This will enable Volvo Group to offer more sustainable solutions to its APAC markets in a more flexible, cost-effective and agile way and will include supply chain, manufacturing and logistics. We are also home to a highly skilled and motivated workforce who are fully committed to meeting our future environmental targets.
Geely Auto Group (Geely Auto) officially announced the widely reported formation of Zeekr—a new electric mobility technology and solutions company based in China that will serve growing global demand for premium electric vehicles. Zeekr aims to deliver a new electric vehicle to market each year in the coming five years.
The European Commission’s Joint Research Centre (JRC) has released a report by Roskill that analyzes the EU’s nickel requirements for EV batteries within the context of the globalmarket over a twenty-year forecast horizon to 2040. Investment in both new primary supply and recycling is required to de-risk future supply security.
While the lithium-ion battery is dominant in battery-electric vehicles, NiMH batteries are still the most common in full hybrid vehicles (HEVs), according to a new report—“ Full Hybrid Electric Vehicle Markets 2021-2041 ”—from IDTechEx. Toyota is the ruling OEM in the global HEV car market, with more than 60% market share in 2019.
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