Remove 2017 Remove Global Remove Manufacturer Remove Market
article thumbnail

Li-ion battery-maker Farasis Energy raises $1B+ to accelerate global automotive battery manufacturing expansion

Green Car Congress

Farasis Energy, a global developer and manufacturer of lithium-ion cells, modules and large battery systems, recently completed C-round financing exceeding 1 Billion US dollars. The compay will use the capital raised to accelerate the expansion of its global automotive battery manufacturing infrastructure.

Li-ion 239
article thumbnail

ICCT report finds US domestic EV production and investment continues to fall; only 5% of global EV investment to go to US EV assembly plants

Green Car Congress

The ICCT study finds that the United States’ share of cumulative global EV production decreased from 20% to 18% since 2010 and only 15% of the approximately $345 billion in global automaker EV investments are flowing to the US. Similarly, European manufacturing accounted for 25% of global EVs through 2020, up from 23% in 2017.

Global 397
article thumbnail

GlobalData: growing global electric vehicle market will more than double lithium demand over the next 5 years

Green Car Congress

According to GlobalData, the global EV market is expected to grow at a substantial CAGR of 15.6% The company projects that China will lead the global EV market with more than 50% share and grow three times as fast as the US over the next five years. In 2017, 1.1 In 2017, 1.1 million by 2022.

Global 284
article thumbnail

IDTechEX: solid-state battery market will grow to $8B by 2031

Green Car Congress

A new report from IDTechEX forecasts the solid-state battery market will grow to $8 billion by 2031. The car plug-in market will take the largest share (66%) in 2031, followed by smartphone applications. The car plug-in market will take the largest share (66%) in 2031, followed by smartphone applications. Source: IDTechEx.

Market 418
article thumbnail

BMW Group 1st automotive manufacturer to use new Pirelli tires containing FSC-certified natural rubber and rayon

Green Car Congress

The BMW Group is stepping up its activities in the field of sustainability, becoming the first automotive manufacturer worldwide to equip its cars with tires using certified sustainable natural rubber and rayon, a wood-based material used to strengthen the tires. Small farmers are also represented in this initiative.

BMW 418
article thumbnail

Mitsubishi introducing PHEV version of redesigned Eclipse Cross; 2nd MMC PHEV on market

Green Car Congress

The new Eclipse Cross will offer a plug-in hybrid drivetrain (PHEV) in select global markets. The Eclipse Cross will be the second Mitsubishi PHEV on the market. Launched globally in 2017, the Eclipse Cross is the company’s crossover SUV, which fuses a coupe-like style with SUV capabilities.

PHEV 418
article thumbnail

GM to cease manufacturing in Australia by 2017

Green Car Congress

The company will discontinue vehicle and engine manufacturing and significantly reduce its engineering operations in Australia by the end of 2017. This will comprise 1,600 from the Elizabeth vehicle manufacturing plant and approximately 1,300 from Holden’s Victorian workforce. —GM Chairman and CEO Dan Akerson.

Australia 199