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ABI: connected car market will endure a 15% shipment decline, flat revenues in 2020; sales return on trend early 2022

Green Car Congress

However, both embedded and aftermarket segments will see accelerated growth in 2021, and sales should return to trend in early 2022, the firm said. In the US, 91% of new vehicles sold in 2020 will be connected, against 51% in Asia-Pacific and 37% in Latin America.

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BMW and SGL to triple production capacity at Moses Lake carbon fiber plant with $200M expansion; world’s largest carbon fiber plant

Green Car Congress

Due to the high demand for carbon fiber in automotive production, SGL Automotive Carbon Fibers , a joint venture between the BMW Group and the SGL Group, will triple the capacity of the carbon fiber plant in Moses Lake, Washington. SGL and BMW made the announcement at the groundbreaking ceremony for the planned site expansion.

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ABI Research sees annual EV sales at 2.36M units worldwide in 2020; importance of autonomous EVs in Internet of Things

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Asia-Pacific will exhibit the strongest growth, driven by mounting pollution issues in its many megacities; however, true mass-market uptake will only start happening in the next decade. According to ABI Research, the number of full electric vehicles (EVs) shipping yearly worldwide will increase from 150,000 in 2013 to 2.36

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Navigant Research forecasts new EV global sales of > 346,000 units in 2014; 10 predictions for the year

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Broadly, Navigant expects expansion in both the higher end of the market (thereby putting competitive pressure on Tesla Motors), as Audi, BMW, Cadillac, Mercedes, Saab, and Volvo introduce their first plug-in cars. The requirement has been extended through 2025; however, the mandated sales levels are not likely to be met, Navigant notes.

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Magna to acquire Getrag for approximately €1.75B

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EV and PHEV transmissions also uses layshaft architectures; current examples include the Volvo V60; Ford Focus BEV; BMW i8; and Tesla Roadster and sedan. Other Getrag customers include BMW, Daimler, Renault, Volvo and Great Wall. Getrag’s 2014 consolidated sales were approximately €1.7 billion, which excludes approximately €1.6

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Here’s how China’s BYD is working on its image problem

Baua Electric

While European automakers have been shifting over to direct sales à la Tesla, China’s BYD, for Build Your Dreams, along with Chinese peers Xpend and Great Wall Motor are looking to dealers to build sales and provide networks to help their brands build solid reputations and trust among Europeans. Last year, the company sold 1.6

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Teijin acquires composites company Inapal to expand European automotive business

Green Car Congress

The shares of Inapal will be purchased by Teijin Holdings Netherlands B.V., The company has two manufacturing locations in Portugal serving a variety of European OEM customers including Jaguar, Land Rover, BMW, Mercedes, Volkswagen and Bentley. Teijin expects its automotive composite business sales to reach approximately €1.7