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Upstream Security: cyber hacks could cost auto industry $24 billion within 5 years

Green Car Congress

Cyber hacks might cost the auto industry roughly $24 billion within five years, according to a new study by Upstream Security , which specializes in cloud-based security protection. billion, while we are seeing that the cost for the industry as a whole could reach $24 billion by 2023. The risk is immense.

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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

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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.

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Geely officially discloses new global B-segment automobile modular architecture: BMA; new BMA-based SUV to launch this year

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Automobile modular architectures—for example, TNGA of Toyota, and MQB, MLB and MEB of the Volkswagen Group—hav become a major trend in the auto industry. A new SUV codenamed Geely SX11, which is based on the BMA platform, will be launched in the second half of 2018.

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Hillcrest Energy and Hercules Electric partner on electric powertrains

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was founded in 2018 by James Breyer, an auto-industry veteran who worked in advanced engineering on multiple electric vehicle projects with global automakers. This shared modular, customizable design provides the flexibility to meet customer needs quickly and to adapt to the most up-to-date technologies.

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Aston Martin and LeEco partner to co-develop RapidE EV for market intro in 2018; potential to add Faraday Future

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Both companies are now focused on bringing the RapidE to market in 2018 utilizing the best technologies from the companies’ portfolios. We have been targeting the highest standard in the auto industry in terms of design, R&D and manufacturing of our electric cars.

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IHS Markit: average age of cars and light trucks in US rises again in 2019 to 11.8 years

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—Mark Seng, director, global automotive aftermarket practice at IHS Markit. million (2.2%) since 2018. This represents one of the highest annual increases the US auto industry has seen since IHS Markit began tracking VIO growth—second only to the 2.3% from 2018-2019 while in the Midwest they aged by just 0.4%.

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CAR: US light-duty vehicle sales to dip in 2019

Green Car Congress

US Light Vehicle Sales, 2015-2018, and CAR’s Forecast, 2019-2025. CAR’s forecast includes a continuation of sales declines in 2020 and 2021 down to 16.5 million units in 2021. CAR projects sales to rebound to 16.8 million units by 2022 and continue an upward trend through 2025.

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