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China is forecast to produce a record 12 million vehicles this year, according to an official with the National Development and Reform Commission (NDRC). percent from a year earlier, the fifth month in a row that saw auto sales exceed one million units, according to the China Association of Automobile Manufacturers. People’s Daily.
In its new report Energy Storage on the Grid (ESG), Pike Research forecasts that global spending in the ESG market will reach a little over $22 billion over the next 10 years. This is a downward revision from the $35B the firm forecast for ESG spending through 2020 in a report published last August. 2010 vs 2011 forecasts.
Meanwhile, the mid-2022 passage of the CHIPS Act in the United States yielded a multi-billion-dollar investment pool, some of which dedicated to ramping up American manufacturing of the mature-generation chips upon which many industries—auto and otherwise—are so dependent. considered getting into the chip-stimulus game as well.
Meanwhile, adding further downside pressure is that banks in many cases are working to reduce their exposure to the autoindustry. Don’t Overreach: With the entire supply chain so vulnerable, automakers should err on the conservative side when forecasting volumes for new or resourced programs. Laura Marcero
Similarly, in China, the sheer size of the autoindustry and the country’s ambitious clean-energy goals suggest a potentially huge market for electric cars. China overtook the US last year as the largest auto market in the world. The third phase will be released around 2015. US, China partner on electric cars. .
Amidst the COVID-19 pandemic, several conflicting reports about the future of EVs have emerged: some predict EVs to grow by 38% year-over-year, while others forecast a 43% drop. In order to envision what may lie ahead, it’s key to understand how the EV industry was evolving up until the novel Coronavirus outbreak.
The Three Prongs of the “Green&# Energy Stimulus Pa. cleantech (1) smart growth (1) social media (1) social responsibility (1) solar charger (1) solar forecast (1) solar heating (1) solar thermal (1) solutions (1) sound system (1) splitting water. (1) The Appraisal 2010 Prius Delivers Record Mileage and Accelerates. SZ (1) 6753.T
For the second time in three months and the sixth time this year, new-vehicle retail sales in November are expected to slip from year-ago levels, according to a monthly sales forecast developed jointly by J.D. The economy and industry could be facing a boom or bust depending on which policies are focused on and implemented.
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