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Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

Green Car Congress

Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. Global investment in technologies to help the energy transition reached a record $1.3 Most of this (56%) will be put towards building 1.2

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GM’s Brownstown Battery Assembly expands; building new battery system for 2015 Chevrolet Spark EV

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General Motors will bring all its electric vehicle battery pack building capabilities in-house with production of battery systems for the 2015 Chevrolet Spark EV at its expanded battery assembly plant in Brownstown, Mich. —Larry Nitz, executive director of GM global transmission and electrification engineering.

2015 225
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IEA: COVID-19 crisis causing the biggest fall in global energy investment in history

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The COVID-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year—from fossil fuels to renewables and efficiency—the International Energy Agency said in a new report.

Global 344
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IEA: global energy efficiency progress drops to slowest rate since start of decade

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Energy efficiency has tremendous potential to boost economic growth and avoid greenhouse gas emissions, but the global rate of progress is slowing, according to a new report by the International Energy Agency. Global primary energy demand rose by 2.3% Global primary energy demand rose by 2.3% This was slower than the 1.7%

Global 150
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Honda to build new automobile production plant in Thailand; total capacity to increase to 420,000 units in 2015

Green Car Congress

HATC), Honda’s automobile production and sales subsidiary in Thailand, plans to build a new automobile production plant with an annual production capacity of 120,000 units. HATC is planning to produce primarily small and sub-compact sized vehicles at the new plant, for which demand is increasing on a global basis.

Thailand 218
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Ford builds 2-millionth EcoBoost engine, with take rates growing globally; expected to exceed Ford’s global diesel production

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With customer demand exceeding its initial projections, Ford now expects EcoBoost production to exceed its global diesel engine production. Ford’s global EcoBoost engine family now includes the 1.0-liter liter EcoBoost to 1,000 engines per day, and is investing $200 million in its Cleveland, Ohio plant to build the 2.0-liter

Global 230
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Ford China to build US$760M assembly plant in Hangzhou; doubles current China passenger car capacity to 1.2M units annually by 2015

Green Car Congress

Ford will invest US$760 million to build a new assembly plant in Hangzhou, China with its joint venture Changan Ford Mazda Automobile (CFMA), adding initial capacity of 250,000 units. When Hangzhou opens in 2015, Ford’s total passenger car capacity in China will increase to 1.2 million units annually, doubling current output.

China 236