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HASCO Magna eDrives hit the market on Volkswagen MEB platform

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Magna continues its growth in electrification with secondary eDrive systems hitting the market in Asia, Europe and North America on Volkswagen’s MEB platform. HME is the global supplier of secondary eDrives for Volkswagen’s all-wheel drive MEB models with power greater than 185 kW. The HASCO Magna Electric Drive Systems Co.,

Market 417
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Volvo Trucks had 42% market share of heavy-duty electric trucks in Europe in 2021

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New statistics show that Volvo Trucks was the market leader for heavy all-electric trucks in Europe 2021 with a market share of 42%. Statistics from the market analysis group IHS Markit show that during 2021 a total of 346 electric trucks (?16 Volvo Trucks has the largest market share at 42%. Data: IHS Markit.

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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

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The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. million b/d since the start of 2020, contributing 184,000 b/d to the global decline in 2021. million b/d in 2022 and by an additional 1.6

Global 448
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Octillion Power Systems enters US bus market to supply batteries for motorcoaches, city buses

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Octillion Power Systems, a global provider of advanced lithium-ion batteries, is providing battery packs for all-electric motorcoaches and city transit buses offered by ABC Companies and Lightning eMotors. The order marks the company’s first time supplying batteries for motorcoaches and buses in North America.

Supplies 418
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WNA: global nuclear generation nears record high in 2019

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Nuclear generation fell fractionally in North America and in West & Central Europe, but rose in Africa, Asia, South America and East Europe & Russia. The average global capacity factor for reactors generating electricity in 2019 rose from 79.8%

2019 468
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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. However, the study reveals there has been an increase in interest in the US and Chinese markets. Source: Ipsos. Those consumers who are more familiar are more likely to consider a BEV.

Global 429
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BloombergNEF expects 40% growth in global EV sales in 2019; 2.6M vehicles, 1.5M in China

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million electric vehicles to be sold globally in 2019. million units—around 57% of the global market. China’s market is in transition, and the recent annual doubling of sales every year looks unlikely to hold in 2019. In markets like the US and the UK, direct purchase subsidies are already starting to wind down.

2019 392