Remove 2017 Remove Building Remove Future Remove Global
article thumbnail

Volkswagen to build MEB EVs in Chattanooga beginning in 2022; $800M investment in plant

Green Car Congress

In addition to Chattanooga, Volkswagen is building the first dedicated EV production facility in Zwickau, Germany, starting MEB production by the end of 2019. Volkswagen is building up the production capacity needed to sell more than 1 million electric cars per year by 2025.

Building 286
article thumbnail

Volkswagen brand produced more than 6M vehicles in 2017

Green Car Congress

The Volkswagen brand produced more than six million vehicles in 2017, setting a new record. The brand’s global product portfolio now includes over 60 models. In 2017, Volkswagen launched more than 10 new models throughout the world. will be the automobile future of Volkswagen. The family will include the I.D.,

2017 186
article thumbnail

IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

Green Car Congress

Global refining capacity is set to expand by 1 mb/d in 2022 and 1.6 Following nearly two years of declines, observed global oil inventories increased by 77 mb in April. mb below the 2017-2021 average. Preliminary data for May show total OECD stocks building by 6 mb. mb/d this year, eroding its spare capacity cushion.

Oil 210
article thumbnail

VinFast to build EV and battery factory in North Carolina

Green Car Congress

According to the MOU, VinFast will continue to invest in this factory in future phases. Founded in 2017 and headquartered in Hanoi, VinFast has a vehicle production facility in Haiphong, Vietnam, that will have the capacity to produce 950,000 vehicles per year by 2026. —North Carolina Commerce Secretary Machelle Baker Sanders.

article thumbnail

Airless tires look like the future for robotaxis, EVs, and more

Baua Electric

One of those reasons, he explained, is that globally about 20% of tires are taken out of service prematurely due to sidewall damage or a puncture. So along with wireless EV charging , it might be another ideal hands-off technology fit for future Tesla Robotaxis. Michelin built its name on tires that ride on a cushion of air.

Future 52
article thumbnail

Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

Green Car Congress

BNEF predicts that lithium-ion battery prices, already down by nearly 80% per megawatt-hour since 2010, will continue to tumble as electric vehicle manufacturing builds up through the 2020s. trillion being invested globally in new power generation capacity between 2018 and 2050, with $8.4 NEO 2018 sees $11.5

Wind 220
article thumbnail

POSCO begins construction of S Korea’s first lithium hydroxide plant

Green Car Congress

We will enhance our global competitiveness in lithium and other mineral resources and contribute to the development of domestic industries, including the secondary battery sector, by leading the localization of materials. POSCO is currently working on the 25,000-ton scale of the initial phase of lithium-from-brine plant in Argentina.

Argentina 369