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JATO: global vehicle sales fall by 39% in March; electrified vehicles up to 17.4% new registration market share in Europe

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The outbreak of COVID-19 has already impacted the automotive industry significantly, according to JATO Dynamics, a leading provider of global automotive data and insight. Global vehicle sales totalled 5.55 —Felipe Munoz, JATO’s global analyst. million units in March 2020, down by 39% from March 2019. million units.

Europe 261
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Cepsa to invest €3B in Andalusia to build the largest green hydrogen hub in Europe; additional €2B for renewable power

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Cepsa—the Spain-based multinational oil and gas company—will invest more than €3 billion to establish the Andalusian Green Hydrogen Valley, creating the largest green hydrogen hub in Europe in southern Spain. It also expects Spain to become a net exporter of renewable hydrogen.

Hydrogen 397
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Volkswagen to invest €10bn for EV and battery manufacturing in Spain

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billion) to launch electric vehicle and EV battery manufacturing in Spain, Herbert Diess said on Thursday. Volkswagen said it will build a battery plant and invest in producing EVs at its two car factories in Spain. VW plans to begin building a 40-gigawatt-hour plant in Spain in Q1 2023, and production is set to begin by 2026.

Spain 98
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Iberdrola and bp to collaborate to accelerate EV fast charging infrastructure and green hydrogen production; up to €1B investment in charging

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Iberdrola and bp intend to form a strategic collaboration to expand fast EV public charging infrastructure significantly as well as to develop large-scale green hydrogen production hubs in Spain, Portugal and the UK. bp aims to rapidly expand its EV charge points globally and continues to invest in rapid and ultra-fast charging.

Portugal 186
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Ford selects Spain for EV production but anticipates substantial job cuts

Teslarati

Ford announced on Wednesday that it will begin making electric vehicles based on a next-generation architecture in Spain later this decade. Ford believes the Valencia, Spain plant is the ideal location for making cars with a next-generation EV architecture and plans to produce the vehicles later this decade.

Spain 98
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Jaguar Land Rover partners with Pramac to create charging unit using second-life Jaguar I-PACE batteries

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Jaguar Land Rover has partnered with Pramac , a global leader in the energy sector, to develop a portable zero-emission energy storage unit powered by second-life Jaguar I-PACE batteries. The partnership is the first in Jaguar Land Rover’s plans to create new circular economy business models for its vehicle batteries.

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T&E: two-thirds of European battery production at risk as companies weigh investing in US instead

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—Julia Poliscanova, senior director for vehicles and emobility at T&E Germany, Hungary, Spain, Italy and the UK stand to lose the most if battery-makers change their plans. Europe’s global share of new investment in Li-ion battery production dropped from 41% in 2021 to a meagre 2% in 2022, according to BloombergNEF.

Companies 430