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IHS Markit: better-than-expected growth in global automotive semiconductor revenue in 2020; bolstered by uptake in EVs

Green Car Congress

Global automotive semiconductor revenue for 2020 will exceed initial expectations, primarily due to an increase in the average semiconductor value per car sold this year, according to a new forecast by IHS Markit. One of the impacts of COVID-19 is that it has led to an increase of the average semiconductor value per car sold.

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Continental Mobility Study 2020 finds many people still have doubts about EVs

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The Continental Mobility Study 2020 shows that enthusiasm for electric cars is strong in China, while reservations still need to be overcome in Germany, France, the US and Japan. Main arguments against all-electric cars by international comparison. Source: Continental. This is particularly the case for European and Japanese cities.

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California Startup Aurica Motors Trying to Keep NUMMI Plant Open for Manufacturing Electric Cars, Battery Swap System

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Startup electric car company Aurica Motors announced a plan to keep the NUMMI plant, which employs 4,700 people, from shutting down when Toyota leaves on 31 March. Planned production would be 5,000 cars in the first year of production, moving up to 50,000+ within three years. Aurica envisions a battery swap in 3 minutes or less.

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China Car Sales Likely Hit New Record in April

Green Car Congress

Bolstered by government stimulus plans, sales of autos in China likely reached a record high of 1.15 China unveiled a support package for the auto industry early this year, cutting purchase taxes for cars with small engine capacities and providing subsidies to rural purchasers. People’s Daily.

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EnerDel Plans to Invest $237M in New Indiana Lithium-Ion Battery Plant

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The new Indiana plant will give EnerDel the capacity to produce battery packs for approximately 600,000 hybrid electric vehicles, or 60,000 battery-electric cars. million grant awarded under the federal stimulus package under a 50:50 cost-share program, of which EnerDel plans to spend $60 million in 2010. Earlier post.)

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Ricardo responds to electric drive stimulus package

Green Cars News

Tags: Electric cars Green cars Latest news Ricardo Dave Shemmans electric drive research President Obama Recovery Act.

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Global auto industry receives $44 billion for greener cars

Green Cars News

The market for alternative fuel vehicles is being strongly supported economic stimulus packages and other government programs in at least 13 markets. Tags: Electric cars alternative fuel automotive Deloitte global market. Consumer demand for greener vehicles as well as new regulations [.].