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Zotye Auto launched a basic model—called Jiangnan Alto—with a retail price of 18,800 yuan ($2,838). The company plans to focus sales of the Jiangnan Alto in China’s inland regions, including Hunan, Hebei, Shanxi, Sichuan, Shandong, Jilin, Shanxi, Henan provinces, and in rural areas. Global Times.
Ernest Moniz highlighted the continued growth of plug-in electric vehicle (PEV)sales—more than doubling in the first 6 months of 2013 to 40,000 units compared to the same period in 2012—as the US Department of Energy (DOE) released its most recent pricing data showing the lowcost of fueling on electricity.
The company has also accelerated its sales activity relating to high-performance polymer-grade farnesene for the polymers market and Myralene as a replacement for higher-priced limonene.
They considered three scenarios for EV adoption: (i) that EV sales reach 10% of LDV fleet sales by MY 2025, which is the US EPA and NHTSA projection; (ii) that EV sales reach 20% market share by 2025; and (iii) that EV sales reach 100% market share by 2025. They assumed a gasoline price of $4/gallon (2009 $).
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.
IDTechEx expects electric motorcycle sales in Europe to have grown at least 50% year-on-year in 2020, building on the momentum of recent years. So, while the market is growing, the price remains the main hurdle: a motorcycle with a 14 kWh battery pack sells for more than $15,000 today. Source: ACEM, IDTechEx.
MD/HD HEV Truck Sales as percentage of ICE trucks, World Markets: 2011 and, 2017. of global sales. The global recession has taken a huge toll on medium duty and heavy duty truck sales in many regions. While the typical operating cost of a diesel vehicle is significantly higher than that of other drivetrains ($0.72/mile
The increase is largely driven due to a combination of low-cost natural gas and sustained higher prices for gasoline and diesel in many countries, Navigant suggests. Asia Pacific leads in terms of annual sales of NGVs, with 1.2 million sales expected in 2013. million by 2020. Forecasts Natural Gas'
Rapidly declining battery costs, low-cost electricity, and federal purchase incentives mean these vehicles will be cheaper to own and operate than diesel trucks before the end of this decade. This equates to around 1% of the total national electricity retail sales in 2021. kWh and hydrogen prices as low as $8/kg.
Synthetic graphite electrode prices rose nine-fold through the first three quarters of 2017, increasing from US$1,748/t in January 2017 to a high of US$16,309/t in September, according to Roskill Information Services. Despite some fallback during the winter months, prices remained above US$15,600/t through February and March 2018.
The exceptional demand for Siviour PSG is a significant validation of Renascor’s strategy to become one the world’s largest suppliers of low-cost and secure PSG and places Renascor in a strong position as we progress toward binding offtake. —Renascor Managing Director David Christensen.
Cumulative light-duty NGV sales by segment. In a new report , Navigant Research forecasts that light-duty natural gas vehicle (LD NGV) sales will grow 119% between 2014 and 2024, culminating in 42.1 between 2014 and 2024, with the number of passenger car sales growing at a slightly slower rate (5.3% Source: Navigant.
Low income households and frontline workers - such as police, health professionals and teachers - will get access to $150 million of lowcost loans to help remove barriers to EV ownership. The post Low income and frontline workers to access cut price loans in new bid to boost EV sales appeared first on The Driven.
Combined government targets (line) and EV/PHEV production/sales (bars) reported by OEM. Production/sale capacity levels shown here are assumed to remain constant after year of construction. However, that figure is well below the existing national sales goals of about 1.5 Source: IEA. Click to enlarge.
The recent rise in lithium prices reflects the importance of securing quality supply and there is no better place to be than Québec as we develop a lithium resource base to supply North America’s fast?growing It is well serviced by key infrastructure and transport and has access to low?cost, cost, environmentally friendly hydro power.
Low income households and frontline workers - such as police, health professionals and teachers - will get access to $150 million of lowcost loans to help remove barriers to EV ownership. The post Low income and frontline worker to access cut price loans in new bid to boost EV sales appeared first on The Driven.
l/100 km), is establishing a vehicle purchase base price of $7,300 for its non-refundable reservation holders until the company reaches 65,000 total reservations. Elio Motors aims to disrupt the American transportation industry with its low-cost, highly fuel efficient vehicle, much like Volkswagen did with the Beetle in 1968.
In recent months, as JM has been exploring strategic partnerships, it has also found that its capital-intensity is too high compared with other more established large-scale, low-cost producers. JM’s Board has therefore decided to pursue the sale of all or parts of this business with the ultimate intention of exiting.
When gas prices started climbing the charts, we quickly saw how electric bicycle sales grew rapidly as well. With many fast and low-cost electric bikes available , commuters were switching away from gas and toward smaller electric vehicles. The post High gas prices aren’t just pushing more e-bikes.
Foreign automakers like Toyota, Volkswagen, and GM are struggling to keep up with aggressive price cuts and an influx of new competition. After launching its new low-cost electric SUV, the EV5, Kia is already seeing the results, as brand sales in China topped 20,000 for the third straight month in August.
The number of shares to be sold in the proposed offering and the offering price have not yet been determined. The Coskata process is high-yield and low-cost, the company says. In a fully-built out plant, the company expects to produce ethanol with unsubsidized cash operating costs of less than $1.50
Pricing for the nickel and cobalt sulfate is linked to index prices. As part of the Dare Forward 2030 strategic plan, Stellantis announced plans of reaching 100% of the passenger car battery-electric vehicle (BEV) sales mix in Europe and 50% of passenger car and light-duty truck BEV sales mix in the United States by 2030.
Bosch regards the two-wheeler segment as one of the growth markets of the future and expects worldwide sales of motorcycles to reach around 150 million units in 2020, more than the equivalent figure for cars. Bosch intends to apply its unified systems approach to low-cost models in Asia. Asia is a driver of growth.
The company is working to develop a low-cost CFRP for a high-pressure hydrogen tank. In other words, low-cost FC vehicles and a sufficient supply of low-priced hydrogen needs to be available. Conditions for mass introduction. Why fuel-cell vehicles?
Currently, Mercedes-Benz has 37 leasing customers for the B-Class F-Cell in Southern California, with suggested pricing set at $849 per month for 24 months. For me it comes down to the price point for batteries versus fuel cells stacks and how this plays out. —Sascha Simon.
Tata is offering special introductory prices starting INR 8.49 It is an ideal fun hatch which offers premium, safety and technology features, eco-friendly footprint, spirited performance, all made even more desirable with the added advantage of a lowcost of ownership. Equipped with a permanent magnet synchronous motor, Tiago.ev
Tax credits and gasoline prices necessary for various electric vehicles to be cost-competitive with conventional vehicles at 2011 vehicle prices. That finding takes into account both the higher purchase price of an electric vehicle and the lower fuel costs over the vehicle’s life. Source: CBO. Click to enlarge.
According to a new forecast report from Navigant Research, global commercial alternative powertrain medium- and heavy-duty vehicle (MHDV) sales will grow from about 347,000 vehicles in 2016 to more than 820,000 in 2026, representing a CAGR of about 9%.
On the one hand, OPEC does not see oil prices returning to triple-digit territory within the next 25 years, a strikingly bearish conclusion. The group expects oil prices to rise by an average of about $5 per year over the course of this decade, only reaching $80 per barrel in 2020.
The model estimates sales of 40 vehicle technologies, including conventional and hybrid ICE, plug-in hybrids, natural gas vehicles, battery-electric vehicles, and a range of hydrogen vehicles. Among the other initial findings of the study are: Low-cost batteries (Bat+) help all vehicles: H2Vs and PEVs as well as BEVs.
Even in the most optimistic scenario, when the cells are the largest (20720), electrodes the thickest (100 mm), and the production volume is 8 GWh per year, the cost per kWh for LMO cells is well above the DOE target. Historical prices and future cost predictions for lithium-ion batteries. —Rebecca Ciez.
PennDOT would receive a portion of the fuel sales revenue, with the money being returned to transit agencies to assist with future capital projects. In addition, PennDOT will enter into a CNG supply contract with the selected partner as well as purchase agreements with each of the transit agencies.
We believe our joint venture will offer an industry-leading, low-cost technology platform to biochemical and biofuel producers in China, the United States, and elsewhere, enabling significant market growth for bio-based products. per pound all-in cost, inclusive of depreciation and return on capital, from non-food-based feedstock.
Chinese electric vehicle sales have hit 31 percent of the overall market, with 25 percent being pure EVs, a substantial growth year-over-year. According to a report by CleanTechnica , sales of electrified vehicles in May hit 31 percent of the overall market with 25 percent being fully electric vehicles.
With its new electric SUV rolling out, NIO’s (NIO) sales topped the 20,000 mark again in Oct, its sixth straight month hitting the milestone. The NIO brand sold 16,657 vehicles, while its new “family-oriented smart vehicle brand,” Onvo, contributed 4,319 in its first full sales month. NIO sold 20,976 vehicles last month, up 30.5%
The project will have access to abundant low-cost natural gas from the Marcellus shale region, as well as benefitting from substantial existing infrastructure. Initial engineering for the facility is complete and the air permit has been issued.
areas of inquiry: The potential impact of climate change policies on global fleet composition, fuel consumption, fuel prices, and economic output. They assumed mitigation is achieved through global economy-wide carbon pricing after 2030. The study team of MIT faculty, researchers, and students focused on five main. —Joanna Moody.
Volvo has no plans to challenge low-cost EVs in China as the ongoing price war intensifies. The EX30, Volvo’s cheapest EV, starts at around $28,000 (200,800 yuan), but that’s as low as the company will go. Volvo adjusted its 100% EV sales goal and now expects 90% to 100% of global sales to be electrified by 2030.
This shift is likely to translate into vehicle sales, with almost 72% of consumers stating that they value constant access to a private vehicle more than before the pandemic. Necessitated by the pandemic, car manufacturers have continued to develop a direct sales channel powered by digital. Younger consumers are most likely to buy.
Demand growth to date has seen the lithium price more than doubled in the past few years. Olaroz hosts a JORC/NI43-101 (mineral reserves reporting standards) compliant, high quality, low-cost and long life resource. The measured and indicated resource of 6.4
The offering includes GE Wayne branded dispensers with credit card capability and provision for “Point Of Sale” interface. A vehicle using CNG can reduce annual fuel costs up to 40 percent, assuming 25,700 miles per year driven, gasoline priced at $3.50/gallon Its modular and intuitive design makes it “Plug & Play” on-site.
Closing out the week, todays Green Deals are headlined by Rad Powers Valentines Day sale that is offering up to $479 in savings on e-bikes, accessories, and more with the newly returned RadCity 5 Plus Commuter e-bike being one of the offers at $1,499 , among others from $1,199.
The Kia EV5 will tackle the Tesla Model Y head on with pricing that undercuts the top-seller by thousands of dollars. The all-new mid-sized SUV will be priced from $56,770 drive-away (or $57,770 drive-away in Western Australia), which is about $4000 less than the Model Y (prices vary from state to state).
Low-cost 14V micro hybrid systems and full (strong) hybrid (i.e., of total vehicle sales by 2020, the more significant story is the rapid expansion of strong-hybrid vehicles led by Toyota, Ford, and Honda, followed by Hyundai, Nissan and others. EV- and PHEV-battery costs are dropping, although not as fast as market pricing.
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