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IDTechEX sees battery swapping as winner in 2- and 3-wheeler markets of Asia-Pacific

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In a new report, “ Battery Swapping for Electric Vehicles 2022-2032: Technology, Players and Forecasts ”, market research firm IDTechEx concludes that battery-swapping technology currently appears to be a winner in the two- and three-wheeler markets of the Asia-Pacific regions.

Asia 326
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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. We take a lot of pride in being the global supplier for all secondary eDrives for Volkswagen’s MEB platform and seeing the initial vehicles hit the market.

Market 417
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Ford reorganizes Asia Pacific markets; establishes stand-alone China business

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Ford Motor Company is reorganizing its Asia Pacific operations. Peter Fleet, president Ford Asia Pacific, will facilitate the transition of Chen into his new position as leader of the Ford operations in China. Success in China is critical as we reposition our global business for long-term success.

Asia 207
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Vancouver-based Ceylon Graphite granted industrial mining licence for M1 mining project in Sri Lanka

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announced the renewal of the Industrial Mining Licence for the Malsiripura, M1 mining project in Sri Lanka (known as Ceylon until 1972) from the Geological Survey and Mines Bureau (GSMB). Vancouver-based Ceylon Graphite Corp. The Licence grants exclusive rights to mine graphite from within the M1 mining area.

Sri Lanka 417
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EIA projects world liquid fuels use to rise 38% by 2040, driven by growth in Asia and Middle East; transportation 92% of demand

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World petroleum and other liquid fuels consumption will increase 38% by 2040, spurred by increased demand in the developing Asia and Middle East, according to the Reference Case projections in International Energy Outlook 2014 ( IEO2014 ), released by the US Energy Information Administration (EIA). Source: EIA. Click to enlarge.

Asia 341
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Thailand’s EV industry growing rapidly

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According to the Electric Vehicle Association of Thailand, the number of companies that are part of Thailand’s electric vehicle industry has risen significantly since 2015, from 76 to 420 in 2019. million units in 2018.

Industry 286
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Amsted Industries forms automotive group to focus on electric and traditional vehicle markets

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The integration provides an expanded global presence with 16 facilities in North America, Asia and Europe to serve the global customer base with a robust manufacturing footprint producing over 100 million components and assemblies annually. The world automotive market is going through a period of fundamental change.

Industry 199