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IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

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IHS Markit is forecasting that global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 will be down 22% (more than 650,000 units) to 2.6 Most commercial vehicle factories in mainland China have returned to production. The local industry is already recovering, with commercial vehicle plants re-opened.

2020 191
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Pike Research forecasts global biofuels market to double by 2012 to $185.3B

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Pike Research forecasts that the global market for biofuels will more than double over the coming decade, increasing from $82.7 BGPY in 2011) would represent just 7% of the estimated global transportation fuels market in 2021. Ultimately, widespread commercialization will depend on whether these ventures can reach price.

Global 253
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Pike Research forecasts global biofuels market value to double to $185B by 2021

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According to a new report from Pike Research, the increased production and consumption of biofuels will more than double the industry’s market value in the next decade. Pike forecasts that the global market for biofuels will increase from $82.7 Pike projects that the Americas will account for 71% of global biofuels production.

Global 225
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Pike forecasts 26.4% CAGR for electric-drive buses to 2018; hybrid, battery-electric and fuel cell

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Pike Research forecasts that the global market for all electric-drive buses—including hybrid, battery electric, and fuel cell buses—grow steadily over the next. Pike suggests that North America will experience a rebound in a few years, as the economy stabilizes along with public transit funding levels. from 2012 to 2018.

2018 276
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ZAP, Zhejiang Jonway Partner to Target China and Export EV Markets

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have entered a commercial agreement to produce electric sport utility vehicles (SUVs), cars and other electric vehicles in China for domestic and global distribution. The agreement with Jonway is part of a multi-phase business plan ZAP is implementing to target the China electric vehicle market. The Jonway A380. Click to enlarge.

China 186
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ABB invests $10M in ECOtality

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In addition, ECOtality and ABB have formed a manufacturing agreement establishing ABB as the preferred supplier of ECOtality’s power electronics and component parts in North America. The project is funded by the US Department of Energy through a federal stimulus grant of $114.8

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Novolyte Technologies and Foosung Form JV for Li-ion Electrolytes

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With this venture we feel that Novolyte is now positioned to become the leading global supplier of lithium battery electrolytes, a key performance component in the fast growing market of lithium ion batteries for consumer, automotive and industrial markets. Novolyte received in 2009 a $20.6-million

Li-ion 186