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Ipsos Auto Global Study: interest in battery electric vehicles growing in the US

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Ipsos’ new 2020 Global Mobility Navigator Study, focusing on Electrification, found global interest remained on par with the numbers from 2019. Increasing future sales for BEVs will rely on companies improving awareness of their product. A growing consumer awareness led to an increased desire to have them in vehicles.

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Toyota premieres Toyota-brand battery electric vehicles ahead of 2020 China launch

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Toyota premiered its C-HR and IZOA battery electric vehicles (BEVs) as part of its activities on the opening day of Auto Shanghai 2019. The C-HR and IZOA will be the first battery-electric vehicles (BEVs) to launch in China under the Toyota brand. Sales on the new models are slated to start from 2020.

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BorgWarner on track for ~$3.7B of electric vehicle revenue by 2025

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billion of electric vehicle revenue by 2025. The company now expects its 2022 electric vehicle revenue to grow to approximately $850 million—more than double what it was in 2021. Target markets include depots for electric buses and trucks, with a focus on the North American market. Earlier post.)

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IEA: global oil demand to decline in 2020 as coronavirus weighs on markets

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Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International Energy Agency’s (IEA’s) latest oil market forecast. The IEA now sees global oil demand at 99.9

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Direct lithium extraction company EnergyX secures $20M in funding commitments

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Direct lithium extraction (DLE) technology company Energy Exploration Technologies Inc. The company said that the funding makes it the highest-valued direct lithium extraction technology company on the market. In 2020 global supply was roughly 315k tons; this is expected to rise to 5.5M Earlier post.) tons by 2040.

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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 United States is the third-largest electric vehicle (EV) producer behind China and Europe; a new study from the International Council on Clean Transportation (ICCT) finds that the gap has widened. Cumulative electric vehicle sales and production from 2010 through 2020, in major regions (based on EV-Volumes, 2021).

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Cadillac CELESTIQ to be built at GM’s Global Technical Center

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General Motors will invest more than $81 million into the company’s Global Technical Center in Warren, Michigan, to prepare the campus to build the Cadillac CELESTIQ ( earlier post ). The investment will be used to purchase and install related equipment to hand-build the CELESTIQ and campus renovation work has already begun.

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