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Almost half of global consumers (46%) are considering purchasing a car in the next 12 months, an increase from 35% in April 2020. This reflects a continuous shift in consumer preference towards personal mobility, fueled by the COVID-19 pandemic, as car ownership today is seen as a safeguard against the risk and spread of infection.
In a new report , Navigant Research forecasts that global annual sales of e-bicycles will grow modestly from 31.7 million e-bicycle sales this year under the base scenario, representing 91% of the total global market. This growth in demand is expected to result in revenue for global e-bicycle sales of $13.5 billion by 2023.
BYD has introduced its fifth brand—Fang Cheng Bao—to meet the increasingly personalized needs of consumers by offering a series of unique and professional-grade new energy vehicle models. Fang Cheng Bao is a significant addition to BYD’s diversified brand matrix, following its Dynasty series, Ocean series, Denza, and Yangwang.
A new study published in Nature Communications by researchers from IIASA, Boston University, and the Ca’ Foscari University of Venice found that by mid-century, climate change will increase the demand for energy globally, even with modest warming. The world is dependent on energy both for human wellbeing and society’s continued development.
Stellantis NV and Hon Hai Precision Industry Co., Stellantis NV and Hon Hai Precision Industry Co., Mobile Drive will combine Stellantis’ global vehicle design and engineering expertise with Foxconn’s global development in the rapidly changing software and hardware realms of smartphones and consumer electronics.
More than 300 customers have plced orders for a total of 10,000 E-Transit vans, according to Ford Pro, the global commercial and government business and brand within Ford. —Andrew Walker, Ford Pro commercial van brand manager. E-Transit is one of two all-electric work vehicles available from Ford Pro this year.
Hyundai Motor Company will establish a Hyundai Mobility Global Innovation Center in Singapore (HMGICs) to accelerate its innovation efforts, with support from the Singapore Economic Development Board (EDB). HMGICs will become Hyundai’s global open innovation hub. It also will help define the future business direction for the company.
Ford owners have personalized, customized and enhanced their vehicles since the beginning—from changing looks to bringing the power. —,Eric Cin, global director, Vehicle Personalization, Accessories and Licensing. —,Eric Cin, global director, Vehicle Personalization, Accessories and Licensing.
Users can “lend” the digital key to another person or allow only specific functions, such as opening or closing the trunk, using a smartphone app. In addition, it can provide a driver with personalized driving environment. at a glance as well as control the vehicle. million units in 2020 to 28.9 million units in 2025.
The energy storage industry is poised for a massive increase in annual revenue and deployment capacity as key innovative technologies, such as solid-state batteries and flow batteries, reach commercialization. billion revenue increase. billion from their current $2 billion in revenue.
Lightning partnered with the Brazilian company CBMM, global leader in Niobium products and technology ( earlier post ), on materials for the superbike. The use of Niobium in the mobility industry can result in numerous benefits such as weight reduction and greater energy efficiency, contributing directly to the safety of the vehicles.
At IAA Mobility, during his first in-person keynote since taking the helm of Intel in February, CEO Pat Gelsinger predicted that semiconductors will account for more than 20% of the total premium vehicle bill of materials (BOM) by 2030. That represents a 5x growth rate over 2019’s 4% figure.
Elon Musk has been dubbed by TIME Magazine as its 2021 Person of the Year. Musk, however, tends to lean on the former, as his influence, from saving American taxpayers billions through SpaceX and shifting the auto industry towards electric vehicles, has been relatively positive overall. . elonmusk is TIME’s 2021 Person of the Year.
When asked if they’d be willing to consider switching from personal-vehicle ownership to using autonomous-vehicle ride-hailing services, or “robotaxis,” if the monthly cost were from 40% cheaper to even 20% more expensive than vehicle ownership, 44% to 84% across the six countries said they would. —Mark Wakefield.
The Smart Glass Roof features Suspended Particle Device (SPD) technology that allows for four zones of variable lighting, enabling passengers to fine-tune their cabin experience for completely personalized comfort and visibility. Availability for the production version of CELESTIQ will be announced at a later date.
Envisioning the future market environment, uses and technological advancements, Honda is exploring a range of future personal-use models including ones equipped with a power source besides swappable batteries. Commuter EMs / EBs. Platform strategy.
In the past, we assisted global brand customers to transform the consumer electronics industry chain, step by step, providing consumers with extraordinary and affordable technology products. In the future, Hon Hai will certainly redefine the EV industry and provide drivers with safe and comfortable user experience in transportation.
Electra’s Oxygen-Decoupled Electrolysis (ODE) process overcomes two interconnected challenges for the steel industry: Decarbonizing Steelmaking: The steel industry produces 1.9 gigatons of direct and indirect carbon dioxide emissions annually, or 10% of the global total. billion metric tons of crude steel and causes 3.7
Foxconn (Hon Hai Technology Group), a global leader in smart manufacturing, unveiled three electric vehicles in has developed in-house: the Model C recreational vehicle; the Model E sedan; and the Model T electric bus. Upholding the company’s vision of “3+3=?” This year’s HHTD was organized on the Founder’s birthday.
During an annual global technology event, ZF presented its advanced steer-by-wire technology for the front axle and announced that this technology will be launched with industrial scale by a major global automaker within the next year. —ZF CEO Wolf-Henning Scheider.
World markets for petroleum and other liquid fuels have entered a period of dynamic change in both supply and demand, the EIA noted, leading to its reassessment of its outlook for long-term global liquid fuels markets in IEO2014. The transportation and industrial sectors account for 92% of global liquid fuels demand in 2040.
The partnership’s objective is to deliver a customizable, FAA-certified, hydrogen-fuel-cell system to the global eVTOL marketplace. HyPoint‘s aviation applications—including eVTOL, UAS, personal air vehicles, and electric aircraft—were considered to be especially innovative. The initial $6.5-million
Hercules Electric Vehicles—a Detroit-based startup—is opening a $20-million Series A investment round managed by CMD Global Partners, a boutique investment bank. Hercules is developing an all-electric sport pickup truck, the Hercules Alpha, which will be available in late 2022.
Ride Vision is launching globally the first collision-avoidance technology for motorcycles, an AI-based system for motorcycle safety. This data can be exported for personal use, such as fuel-consumption calculations or even insurance-rate reduction inquiries. of the domestic GDP, each year. CEO Livia Cevolini.
Working with Berlin-based H2U ambassadors, whose interests and talents span diverse aspects of everyday life, Hyundai takes them on a journey with NEXO and invites them to make hydrogen mobility personal. Winner of Germany’s Next Top Model Toni Dreher-Adenuga, who connects green mobility, fashion and her sustainable lifestyle.
Highlights of the proposed collaboration, codenamed “Project PEAR” (Personal Electric Automotive Revolution): Fisker and Foxconn to jointly develop a breakthrough new segment vehicle. Global market scope – including North America, Europe, China, and India. Fisker Inc. —Young-way Liu.
In a new report (its fourth on electric car adoption) the Boston Consulting Group forecasts that a combination of hybrid and fully electric powertrains will cut the global market share of pure internal combustion engines (ICEs) by about 50% by 2030. Technological Advances.
Tesla repeated with four titles in the S&P Global Mobility’s Loyalty Awards for 2023, grabbing the same first-place trophies that it did for 2022. S&P Global Mobility tracks consumer buying activity from January to December to determine market trends and see how the industry is doing overall.
Further, according to the latest IHS Markit forecasts, the global auto industry will exerience an unprecedented and almost instant stalling of demand in 2020, with global auto sales forecast to plummet more than 12% from 2019 to 78.8 during the global recession in 2008/2009. million units.
The report highlights the importance of near-term action to ensure the long-term sustainability of personal mobility. Understanding the future of personal mobility requires an integrated analysis of technology, infrastructure, consumer choice, and government policy. —MITEI Director Robert C.
RecycLiCo Battery Materials has achieved another milestone in its demo plant testing efforts, successfully producing bulk quantities of battery-grade lithium carbonate from an industrial feed of cathode scrap.
And more than 50% of global cobalt supply comes from one place: the Democratic Republic of the Congo. This would give rise instead to a new trillion-dollar industry, what he dubs “Auto-Tech.”. It is no longer just about selling cars to consumers for personal use. Personal ownership cars versus mobility services.
Hyundai Motor Company announced a new roadmap—Strategy 2025—intended to secure its position as a frontrunner in the future mobility industry. The Smart Mobility Service business will provide personalized contents and services on the devices to help secure a broader customer base. To this end, Hyundai will earmark KRW 61.1
China-based automaker Geely has launched Lynk & Co —a new global car brand designed and engineered in Sweden; every model will feature an electrified powertrain. Our industry has been refining design and engineering successfully for decades—but not so much the distribution and ownership model.
By 2040, hybrids are expected to account for about 35% of the global light-duty vehicle fleet, up from less than 1% in 2010. Hybrids are expected to account for about half of global new-car sales by 2040. Without the projected gains in efficiency, global energy demand could have risen by more than 100%. Source: ExxonMobil.
Global Automakers and The Alliance of Automobile Manufacturers—the two largest automotive industry trade associations in the US—merged to form a new association leveraging the expansive history of both organizations while creating a single, unified industry voice. —John Bozzella.
Despite the shortages of computer chips and other logistical issues that have compelled other automakers to reduce output dramatically, Tesla defied industry trends and showed a 4% rise in brand loyalty. He believes Elon Musk’s distinctive personality and marketing efforts are the reason for Tesla’s success.
The initiative aims to improve the country’s reliance on hardware infrastructure and to become a global hub for electronics manufacturing and design. Those working in industry can be change agents and have a meaningful impact on society, such as advancing technology for humanity. India has to become a self-sustaining R&D hub.”
As per recent comments from several industry veterans, Tesla’s advertising strategies moving forward — especially at this stage in the EV transition — could hold significant potential for the automaker. Globally, GM is estimated to have spent $4 billion on advertising and promotions last year. billion on US ads.
ABB will acquire ASTI Mobile Robotics Group (ASTI), a leading global autonomous mobile robot (AMR) manufacturer with a broad portfolio across all major applications enabled by the company’s software suite. Since 2015, the company has enjoyed close to 30% growth on an annual basis and is targeting approximately $50 million in revenue in 2021.
Experts at Daimler Trucks, its US subsidiary, Daimler Trucks North America (DTNA) and Torc Robotics, part of Daimler Trucks’ Autonomous Technology Group, with the experts at Luminar are collaboratively pursuing a common goal of bringing series-produced highly automated trucks (SAE Level 4) to roads globally.
Germany-based international consultancy Rolad Berger had launched a new publication—the “ Automotive Disruption Radar ”—to monitor the radical transformation of the automotive industry being driven by four concurrent megatrends: mobility services, autonomous driving, digitalization and electrification (MADE). Click to enlarge.
This curated dataset is being opened to industry developers and researchers in order to aid and further advancements for safe self-driving. All images have gone through an anonymization process blurring faces and license plates to eliminate personally identifiable information. Luminar Technologies, Inc.,
The electric vehicle (EV) industry is about to have its most significant sales spike thanks to international legislation and nonprofits ramping up support efforts. Some may wonder about the necessity of nonprofit involvement in the EV industry since companies are already making these cars for commercial use. EV support coming.
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