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Magna lags profit estimates, cuts annual sales forecast on supply chain snags – ET Auto

Baua Electric

Canada’s Magna International missed first-quarter profit estimates and cut its full-year overall sales forecast on Friday, as auto parts suppliers navigate ongoing supply constraints and bumpy demand for electric vehicles. The company’s shares were down about 4% in early trade. billion to USD 44.2 billion to USD 45.4

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The Future We Saw Coming Is Now

Cars That Think

For “ Intel Hopes to Leapfrog Its Competitors ,” Moore directed our editorial intern, Gwendolyn Rak , to report on the risk the chip giant is taking by introducing two technologies at once. By the time we gave all the details in a 2019 feature article , it was clear that this device was destined to be the successor to the FinFET.

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New UC Davis market-based sustainability forecasting approach concludes supplanting gasoline and diesel with renewable fuels could take 131 years

Green Car Congress

At the current pace of research and development, replacing gasoline and diesel with renewable fuel alternatives could take some 131 years, according to a new University of California, Davis, study using a new sustainability forecasting approach based on market expectations. The forecast was published online 8 Nov. —Deb Niemeier.

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China’s battery storage capacity growth likely to slow in 2024 – ET Auto

Baua Electric

CNESA forecast improvements in the economics of battery energy storage in China this year, without providing specifics. CNESA forecast improvements in the economics of battery energy storage in China this year, without providing specifics.

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Big Oil Betting On Electric Vehicles

Green Car Congress

Speaking this week at the Bloomberg New Energy Finance conference in New York, Total SA’s chief energy economist, Joel Couse, forecasted that EVs will make up 15 to 30 percent of global new vehicle sales by 2030. They will make the internal combustion equivalent look old fashioned. ”. Link to original article: [link].

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China auto sales sluggish on consumer sentiment, improvement expected in Q2, says Deutsche Bank

CN EV Post

While the price war initially focused on EVs, traditional internal combustion engine automakers have also begun offering big promotions to clear their inventories, especially for vehicles that do not meet China's new emissions standards. Volkswagen has also cut prices on internal combustion engine and EV models in its lineup, the team noted.

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China’s battery storage capacity growth likely to slow in 2024 – ET Auto

Baua Electric

CNESA forecast improvements in the economics of battery energy storage in China this year, without providing specifics. Globally, geopolitics and Europe’s carbon regulations will pose challenges to China’s international shipments.

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