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Groupe Renault changes China strategy: light commercial vehicles and electric passenger cars

Green Car Congress

Groupe Renault is setting a new strategy for China, based on Electric Vehicles (EV) and Light Commercial Vehicles (LCV). With 860,000 electric vehicles sold in China in 2019, China is by far the largest EV market in the world. million units in 2019 and is forecasted to maintain a steady upwards path. Ltd (JMEV).

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Nidec to form electric traction motor JV with a subsidiary of Guangzhou Automobile Group

Green Car Congress

a member of China-based Guangzhou Automobile Group Co., As the trend of car electrification intensifies, the automotive motor market, strategically important for Nidec, is forecast to double its size to six trillion yen (US$55.9 GAC Components mainly manufactures automobile interior parts, electric components, etc.

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Chinese language automakers to take hold of majority percentage of home gross sales for first week, forecast says

Baua Electric

AlixPartners forecast China’s total auto gross sales would develop 3 p.c million automobiles, convalescing to the extent of gross sales prior to COVID-19. It forecast expansion to 30.6 million automobiles in 2030, when it projected greater than part of automobiles offered in China could be EVs.

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IHS forecasts 11% rise in China automotive semiconductor market in 2014 due to safety and navigation features

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This year’s projected revenue growth improves on the already strong 10% rise of the China automotive chip market in 2013, and three more years of similar notable increases will take place. China continues to be a place of rising automobile production and shipments. —Alex Liu, analyst for China research at IHS.

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Toyota forecasts file manufacturing, gross sales and benefit this FY

Baua Electric

The forecast places the sector’s largest automaker at the trail to brisk growth upcoming a while during which manufacturing plans have been dented by means of lingering pandemic woes and semiconductor shortages. and assemble a powerful benefit construction to charity Toyota’s presen funding in electrical automobiles. This is up 7.8

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Scotiabank forecasts 4% growth in global auto market in 2015 to 74M units, led by China

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2015 forecast share by region. In its latest Global Auto Report , Scotiabank forecasts record global car sales in 2015, with the total market advancing 4% over 2014, reaching more than 74 million units. Global growth will mainly be driven by China, where Scotiabank expects auto demand to grow 7% in 2015 to 19.36 million to 17.0

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Honeywell Global Turbo Forecast projects 49M turbocharged vehicle sales, $12B revenue per year by 2019

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The automotive turbocharging industry will generate $12 billion in revenue by equipping 49 million vehicles with turbochargers annually by 2019, according to Honeywell Turbo Technologies’ 2014 Global Turbo Forecast. Engines Forecasts Fuel Efficiency Vehicle Systems' Regional growth projections. Source: Honeywell Turbo.

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