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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.
EV sales expected to jump in 2025 to more than 20 million, with price parity reached in key markets, particularly in China and south-east Asia. The post Global EV sales to hit 20 million in 2025, as prices hit parity in key markets appeared first on The Driven.
A new report from IDTechEX forecasts the solid-state battery market will grow to $8 billion by 2031. The car plug-in market will take the largest share (66%) in 2031, followed by smartphone applications. Lithium-ion battery manufacturing has been dominated by East Asia, with Japan, China, and South Korea playing a significant role.
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.
in Hyderabad (India) earlier this month, Eberspaecher presented its new all-electric air-conditioning system AC135 AE, especially developed for hybrid and battery-electric driven buses in the Asia-Pacific region. Market forecasts show that by 2030, 40% of the bus fleet in India will consist of BEVs. At Prawaas 3.0
In Asia and the Middle East, at least nine refinery projects are beginning operations or are scheduled to come online before the end of 2023, according to the US Energy Information Administration (EIA). In the International Energy Agency’s (IEA) June 2022 Oil Market Report, the IEA expects net global refining capacity to expand by 1.0
Here’s a Shark that’ll bite off a huge chunk from the pickup truck market in Asia and elsewhere. That now-famous, two-tone musical cue that signaled the arrival of the great white shark is playing all over Asia’s pickup truck market. The Jaws theme is playing. Those who remember Jaws know.
Established in 1994, UzAuto is the largest automotive holding company in Central Asia with more than 70 subsidiaries in its structure and more than 27,000 employees. Central Asia map by Cacahuate - Own work based on the blank world map, CC BY-SA 4.0.
It may come as a surprise to some, but the US and Germany are not the only new car markets on Earth. Those markets have traditionally been ignored by German and US. continued] The post Japanese Car Sales Plummet In Southeast Asia As Chinese Cars Gain Market Share appeared first on CleanTechnica.
US LNG exports increased in the first half of this year as international natural gas and LNG spot prices increased in Asia and Europe due to cold weather. In Asia, colder-than-normal winter temperatures led to increased demand for spot LNG imports. Asia was followed by Europe, which had a five-month average share of 37%.
Neste and All Nippon Airways (ANA), Japan’s largest and a 5-Star airline, are entering a sustainable aviation fuel (SAF) supply agreement. ANA will become the first airline to use SAF on flights departing from Japan; the agreement also represents Neste’s first SAF supply to an Asian airline.
In 2019, the market share of lithium-iron-phosphate (LFP) cathode chemistry fell to 6% in global passenger EV batteries by watt-hours deployed (i.e. Overall, the combined global market share of ternary cathodes (including NCM and nickel-cobalt-aluminum (NCA) varieties) in passenger EV batteries reached 90% in 2019, up from 83% in 2018.
The global auto market is very sensitive to macroeconomic conditions and will be hit hard by the coronavirus and any economic contraction that accompanies it, BNEF says. Early data from the main markets in Asia shows a drop in vehicle sales of 44% for China and 18% for Korea, two of the hardest hit countries.
Other Asia-Pacific countries with aggressive plans for hydrogen station deployments include Australia, New Zealand, and India. Another four Asia-Pacific countries have also deployed hydrogen stations. So far, Germany is the only European country with more than 100 hydrogen stations deployed, the study said.
Asia is expected to register the highest refinery Fluid Catalytic Cracking Units (FCCU) capacity additions globally between 2022 and 2026, accounting for approximately 48% of the total capacity additions by 2026, according to GlobalData, a data and analytics company. —Teja Pappoppula, Oil and Gas Analyst at GlobalData.
Regionally, deployment of high nickel chemistries was most prevalent in the Americas on the back of Tesla, VW, Ford, Hyundai and others, while deployment of no nickel cells was most prevalent in Asia Pacific, and particularly China, on the back of Tesla, BYD, SGMW, Great Wall and a long list of others.
In the Americas, gasoline accounted for just above 40% of the products refined from petroleum in 2019, while in Europe and Asia Oceania, gasoline was less than 20%. Conversely, in Europe, diesel accounted for 40% of the petroleum refined versus about 30% for the Americas and Asia Oceania.
To build on a partnership first announced in October 2022, VinES and Li-Cycle will also continue to explore global recycling solutions for VinFast (also part of Vingroup), the first global electric vehicle (EV) manufacturer in Vietnam and Southeast Asia.
’ Tesla executive sees potential growth in Southeast Asia The Philippines joins Indonesia and Thailand in wooing Tesla to build a vehicle manufacturing plant in their neck of the woods. The Philippines is the fourth Southeast Asian market Tesla has entered. The Teslarati team would appreciate hearing from you.
Supply challenges in the European market have led to rising regional prices for natural gas. Historically, spot natural gas in Europe has traded at prices lower than LNG spot prices in Asia. In recent months, however, natural gas prices in Europe have closely tracked LNG prices in Asia. Bcf/d in 2019 and in 2020 to 11.1
ATC Drivetrain, an independent global remanufacturer of automotive powertrain and drivetrain systems, is launching remanufacturing capabilities for electric vehicle systems at its Oklahoma City, OK facility to serve the North American automotive market and at its Zhangjiang, China facility to serve the Asian automotive market.
The company has operations in 16 locations in Asia, Europe and North America with a global workforce of more than 400 employees. The company has delivered more than 300,000 EV batteries to the global EV market with over 2 billion kilometers driven on its systems. Octillion also supplies batteries for the energy-storage market.
Enel X and MGL will provide an innovative electrification planning and analysis solution that will help inform the MBTA’s electrification strategy and has the potential to be applied in other markets. Enel is a multinational power company and a leading integrated player in the global power, gas and renewables markets.
Advent Technologies Holdings announced a new contract with a prominent fuel cell manufacturer specializing in truck applications in the East Asian market.
The Louisiana SAF facility will be the template for multiple other such facilities to be built across North America, Europe and Asia. DGF currently expects that FID on its proposed US$4.2-billion, billion, 180 million gallon per year SAF facility in Louisiana to occur in early 2024.
Meanwhile, ZF and NIO plan to extend their collaboration to brand promotion, product marketing, technology and quality enhancements, as well as customer service.
Growth was particularly strong in Asia, where nuclear generation rose by 17% in 2019. China has more than tripled nuclear generation in six years, from 105 TWh in 2013 to 330 TWh in 2019, and is now responsible for more than half of nuclear generation in Asia. —Agneta Rising, Director General of World Nuclear Association.
In Europe, many bicycle manufacturers use frames manufactured in Asia, and many of these frames are also ultimately disposed of in landfills in Asia. Earlier post.)
The Refining & Marketing business is to become a leading European provider of sustainable fuels, feedstock, and mobility solutions. Driven by Asian markets, global demand for virgin polyolefins is expected to grow above global GDP by 2030. Refining & Marketing. With a new ethane cracker producing 1.5
BNEF’s 2H 2022 Energy Storage Market Outlook sees an additional 13% of capacity by 2030 than previously estimated, primarily driven by recent policy developments. The US and China are set to remain the two largest markets, representing more than half of global storage installations by the end of the decade.
The eGen Power 100D axle is one of the most powerful electric axle systems on the market. Allison also offers the eGen Power 130D, a variant of the 100D, specifically designed for the European and Asia Pacific markets, where many commercial vehicles require a heavier 13 tonne gross axle weight rating. Allison 100D electric axle.
The technology can serve the fast-growing electrified vehicles and hydrogen transportation markets. Our main focus is on electrified vehicles and hydrogen transportation markets because our products allow them to function more efficiently and drive their costs down. —Taavi Madiberk, CEO and co-founder of Skeleton Technologies.
Record amounts were invested in all three regions covered in the report: Asia Pacific (APAC), Europe, Middle East & Africa (EMEA), and the Americas (AMER). Asia-Pacific countries now hold four of the top 10 places in terms of energy transition investment levels, with India and South Korea joining China and Japan. Germany, the U.K.
The Group is the European market leader for battery-electric vehicles by a large margin and achieved the second-largest share of the key US market with about 7.5%. Demand for BEVs was even somewhat stronger in Germany, the Group’s home market, where battery-electric vehicles made up 11.4% These now account for 5.1%
a provider of hydrogen engines and fueling solutions, and Gaussin are collaborating to bring a commercial suite of ProGen-powered Gaussin transportation vehicles to market in 2021 as a solution to decarbonize the logistics ecosystem. Plug Power Inc.,
The global market for ammonia is poised to triple in the coming decades with nearly all of the growth coming from low-carbon ammonia, according to a new analysis by S&P Global Commodity Insights. The rapid growth in ammonia driven by low-carbon supplies will change the current market beyond recognition.
Honda plans to introduce two commuter EV models between 2024 and 2025 across Asia, Europe and Japan. Envisioning the future market environment, uses and technological advancements, Honda is exploring a range of future personal-use models including ones equipped with a power source besides swappable batteries. Commuter EVs.
MAN Truck & Bus will in future be offering an eBus chassis for the global market. By 2040, sales of zero-emission buses are expected to rise to more than 80% of the global market. First prototypes are to be delivered as early as 2023, series production is slated to start in 2024.
Volvo Trucks leads the market in Europe and in North America for heavy electric trucks after the first quarter of 2023. Now, its electric product range is being made available in new markets in Asia, Latin America and Africa. In total, the manufacturer has sold almost 5,000 electric trucks in about 40 countries.
The report underlines concerns about the stability of global energy markets in the wake of the COVID-19 pandemic and follows a decision by several countries including the United States, Japan and India to release strategic petroleum reserves to cool prices.
The partnership stems from the consideration of strategic advantage that Saudi Arabia has due to its location at a central point between both Asia and Europe. Saudi Arabia stands at a central point between Asia and Europe which gives it a strategic location advantage as a production hub.
Volkswagen will unveil a refreshed Tiguan SUV later in 2020, featuring new front and rear styling, a redesigned interior and new powertrains, including a plug-in hybrid version for the European market. This versatile vehicle is available for sale in 80% of countries in the world and is the most successful SUV on the market in Europe.
T company, which in addition to Hyundai and Kia also supplies components to other well-known automotive carmakers in North America and Asia, will be presenting the latest technology solutions in the following areas: Hydrogen-electric powertrains. In Europe, Hyundai Mobis plans to expand further its market position. Autonomous driving.
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