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IDTechEx: Sales of electric motorcycles in Europe grew 50% y-o-y in 2020

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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. 2020 is an IDTechEx estimate based on Q1 - Q3 2020 data. 2020 is an IDTechEx estimate based on Q1 - Q3 2020 data. Source: ACEM, IDTechEx. Source: ACEM, EAFO, IDTechEx.

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Volvo Trucks’ D13 Turbo Compound engine now standard on all VNL models; 6% better fuel economy over 2020 engine

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The enhanced D13 Turbo Compound (D13TC) engine from Volvo Trucks is now standard on all Volvo VNL models, providing enhanced fuel efficiency and reducing overall cost of ownership. Confidence continues to grow among Volvo Trucks North America customers as orders increase following the next-generation release of the D13TC engine in 2020.

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BNEF: EV sales to fall 18% in 2020, overall car market by 23% in response to health and economic crisis

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BloombergNEF (BNEF) forecasts that sales of electric passenger vehicles will fall 18% in 2020 to 1.7 The COVID-19 pandemic is set to cause a major downturn in global auto sales in 2020. Electric models are seen accounting for 3% of global car sales in 2020, rising to 7% in 2023, at some 5.4 to global electricity demand by 2040.

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Lux: Tesla likely to miss 2020 vehicle target by >50%; Gigafactory to bring only modest reduction in costs, >50% overcapacity

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Tesla and its partner, Panasonic, will contribute about 45% and 35%, respectively, of the initial $4 billion required to build the Gigafactory, proposed to go on-stream in 2017. The Gigafactory will only reduce the Tesla Model 3’s cost by $2,800, not enough to sway the success of the planned lower-cost EV.

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Rolls-Royce introducing completely integrated MTU marine hybrid propulsion systems as of 2020

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As of 2020, Rolls-Royce will launch a range of completely integrated MTU hybrid ship propulsion systems onto the market. The lower operating costs of hybrid propulsion systems are also of distinct benefit to operators. Rolls-Royce is planning to test a new MTU hybrid system incorporating Series 2000 engines in a yacht in 2019.

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SK Innovation invests $30M in ammonia fuel-cell startup Amogy

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Amogy, established in 2020, is focused on producing an ammonia-based fuel cell system and applying it to industrial transportation. When transporting 1 kg of hydrogen from Australia to Korea, the cost of liquid ammonia is $1.7—half Major shareholders include Amazon and British hydrogen industry investment firm AP Ventures.

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Ford ups its electrified vehicle ante to $11B; 86% trucks and SUVs in the product mix by 2020

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Ford management gave an update on its product line plans, touting that by 2020, the company will offer “North America’s freshest lineup among all full-line automakers,” with its average showroom age dropping from 5.7 By 2020, trucks and SUVs—including electrified vehicles—are to represent 86% of Ford’s product mix.

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