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Magna lags profit estimates, cuts annual sales forecast on supply chain snags – ET Auto

Baua Electric

Canada’s Magna International missed first-quarter profit estimates and cut its full-year overall sales forecast on Friday, as auto parts suppliers navigate ongoing supply constraints and bumpy demand for electric vehicles. The company’s shares were down about 4% in early trade. billion to USD 44.2 billion to USD 45.4

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Tesla delivery forecast set to surge 33% in 2022: Wedbush

Teslarati

Tesla’s ( NASDAQ: TSLA ) delivery forecast is set to surge by one-third in 2022 from 2021, according to a new investor note from Wedbush analyst Dan Ives. “With EVs representing 3% of overall autos globally and poised to hit 10% by 2025, there will be much more competition in a massively increasing share of the global auto market.”

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BNEF forecasts EVs to hit 54% of new car sales by 2040; decreasing importance of PHEVs

Green Car Congress

Electric vehicles will make up the majority of new car sales worldwide by 2040, and account for 33% of all the light-duty vehicles on the road, according to a new forecast published by Bloomberg New Energy Finance (BNEF). This represents an aggressive jump compared to BNEF’s previous forecast of 35% EV new car market share by 2040.

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IHS Markit: US gasoline demand could be cut almost in half due to COVID-19

Green Car Congress

Further, according to the latest IHS Markit forecasts, the global auto industry will exerience an unprecedented and almost instant stalling of demand in 2020, with global auto sales forecast to plummet more than 12% from 2019 to 78.8 million units for 2020, with light vehicle sales forecast to post 22.4

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German ELAB study finds growth of alternative drivetrains to increase employment opportunities in auto industry

Green Car Congress

The researchers defined six different drive concepts and their components as essential for the future and examined them in detail: the mild hybrid; the full hybrid including its plug-in version; the range extender; all-electric vehicles with battery or fuel cell; as well as vehicles with combustion engines.

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China Forecast to Produce 12M Vehicles This year

Green Car Congress

China is forecast to produce a record 12 million vehicles this year, according to an official with the National Development and Reform Commission (NDRC). percent from a year earlier, the fifth month in a row that saw auto sales exceed one million units, according to the China Association of Automobile Manufacturers. People’s Daily.

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EC rolls out CARS 2020 action plan for European auto industry

Green Car Congress

To meet long-term greenhouse gas emissions targets as well as air quality objectives, the internal combustion engine will be further improved, being accompanied by the development and progressive implementation of breakthrough technologies, such as electrified propulsion. Sizeable efforts.