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BloombergNEF shares its 2024 Electric Vehicle Outlook

Teslarati

The auto industry continues to shift toward electric vehicles (EVs), and while sales growth has slowed somewhat this year at many companies and in many markets, recent guidance shows that it may only be in the near-term. Last month, Bloomberg data suggested that the ongoing EV sales slowdown in the U.S.

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WEC report: EVs need 16% market share by 2020 for fuel economy standards to be met

Green Car Congress

Electric vehicles (EVs) will need to increase their combined market share to 16% by 2020 for markets to achieve the aggressive fuel economy standards set by regulators, according to new research by the World Energy Council, the UN-accredited global energy body representing the entire energy spectrum. In the EU, the EV gap is 1.4

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Ford to reopen Chennai plant for EV exports to spearhead its global comeback

Baua Electric

The move comes as part of the company’s Ford+ plan to drive future growth and profits as the industry shifts to a new digital, electric era. “We We are grateful for the ongoing support from the Tamil Nadu Government as we explored different options for the Chennai plant,” Kay Hart, president of Ford Internation Markets Group, said.

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Ricardo study predicts that BRIC automotive markets will be eclipsed by the “Rising-15”

Green Car Congress

A study by Ricardo Strategic Consulting has concluded that while sluggish automotive demand in Europe, Japan and North America will be balanced by the BRIC (Brazil, Russia, India and China) markets through 2020, thereafter the ‘Rising-15’ nations become the engine for profitable growth—assuming political stability.

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Dow and AKSA forming JV for carbon fiber and derivatives; up to $1B investment in project within 5 years

Green Car Congress

The Dow Chemical Company, through its wholly-owned subsidiary Dow Europe GmbH, and Turkey-based AKSA Akrilik Kimya Sanayii A.?. The joint venture will develop and globally market a broad range of products and technical service support in the rapidly expanding carbon-fiber based composites industry.

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Aurus Senat limo that Putin gifted to Kim uses South Korean parts, data shows

Baua Electric

Parts were also imported from China, India, Turkey, Italy and other EU countries. South Korean firms were among the largest suppliers to Aurus, including industrial equipment producer Kyungki Industrial Co, car body parts manufacturer BYT CO LTD and batteries supplier Enertech International Inc.

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JVs, acquisitions driving diversification at Remsons | Autocar Professional

Baua Electric

Remsons Industries has been a pioneer in manufacturing control cables for vehicles since 1965. This year itself, it has announced two major joint ventures with Turkey-based Daiichi Infotainment System and Switzerland-based Aircom Group AG, while it bought a majority stake in Uni-Automation’s automotive sensor unit.

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