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Lux predicts energy storage market will hit $546B by 2035

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The total energy storage market is expected to grow to $546 billion in annual revenue by 2035, according to a report released by Lux Research. Medium- and heavy-duty vehicles come in next, growing from $600 million a year in 2019 to a projected $3.6 billion revenue in 2019. Stationary storage is expected to grow to $111.8

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Pike Research forecasts annual global sales of light-duty natural gas vehicles to reach 3.2M in 2019

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The global market for light-duty (LD) natural gas vehicles (NGVs)—including passenger cars, light-duty trucks and commercial vehicles—will experience a compound annual growth rate (CAGR) of 6.2% between 2012 and 2019, reaching 3.2 million LD NGVs on the road by 2019. larger than the fleet market.

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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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The average age of light vehicles in operation (VIO) in the US has risen again this year to 11.8 From 2002-2007, the average age of light vehicles in the US increased by 3.5%. —Mark Seng, director, global automotive aftermarket practice at IHS Markit. The oldest light vehicles are found in the West at 12.4

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Nikkei: India passes Japan to become world’s No. 3 auto market in 2022

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from 2021, according to data from the Japan Automobile Dealers Association and the Japan Light Motor Vehicle and Motorcycle Association. In 2021, China continued to lead the global auto market, with 26.27 Autos for the Indian market are seen having fewer semiconductors than those sold in advanced economies. million units.

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BMW Group Plant Landshut light metal foundry recertified by Aluminum Stewardship Initiative (ASI)

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The initial successful certification in accordance with the criterion of material stewardship took place in December 2019. Sustainable extraction of raw materials and conscious use of resources play a key role for our in-house component production and our global supplier network. Green power is also used to produce it.

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Forecast: global 3-wheeler market to grow at CAGR of 13% through 2019

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The value of the global three-wheeler market will grow at a compound annual growth rate (CAGR) of 13% during 2014-19, according to a recently published report by TechSci Research, “Global Three Wheeler Market Forecast and Opportunities, 2019”. —Karan Chechi, Research Director.

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Symbio enters the N American market with fuel cell portfolio

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Symbio, a joint-venture between Faurecia and Michelin and a global provider of hydrogen fuel cell systems, is launching Symbio North America. Symbio North America will focus on light-duty, and commercial medium- and heavy-duty vehicles offering customized hydrogen solutions to US vehicle OEMs and fleet partners. Earlier post.).

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