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Volvo Cars January global sales up 2%; Recharge models up 31%, for 40.7% of all cars sold

Green Car Congress

Volvo Cars reported global sales of 48,520 in January, up 2% compared to the same month last year. Sales of Volvo Cars´ Recharge models of fully electric and plug-in hybrid cars increased by 31% in January year-on-year, accounting for 40.7% of all Volvo cars sold globally during the month. compared with January last year.

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Ballard to invest $130M in MEA manufacturing facility and R&D center in Shanghai

Green Car Congress

Ballard Power Systems announced its strategy ‘local for local’ whereby it plans to deepen its global manufacturing footprint in Europe, the United States and China to support global market demand growth through 2030. Current Ballard global manufacturing capacity.

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Volvo Cars inaugurates new battery assembly line at Ghent manufacturing plant

Green Car Congress

Volvo Cars formally inaugurated a new battery assembly line at its Belgian manufacturing plant in Ghent, where it will start building its first fully electric car, the XC40 Recharge P8, later this year. —Geert Bruyneel, head of global production operations. Volvo XC40 Recharge powertrain.

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Report: China now makes enough batteries for global EV production

Baua Electric

China already has enough battery manufacturing capacity to supply all global EV production, according to Bloomberg New Energy Finance. China’s declared 2023 battery production alone was close to the actual global demand, according to BNEF, which notes that the U.S.,

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GlobalData: Government mandates and infrastructure investments to fuel EV growth globally

Green Car Congress

Global EV sales reached 7.7 The sales of battery electric passenger cars are expected to reach 44 million units by 2035 from 7.3 The sales of battery electric commercial vehicles were 0.4 China is the largest EV market in the world, with annual sales of battery electric vehicles (BEVs) of five million units in 2022.

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SEMI: global total semiconductor equipment sales on track to top $100B in 2021 for first time

Green Car Congress

Global sales of total semiconductor manufacturing equipment by original equipment manufacturers are forecast to reach a new high of $103 billion in 2021, surging 44.7% The growth is expected to continue with the global total semiconductor manufacturing equipment market expanding to $114 billion by 2022.

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BloombergNEF: electrics to take 57% of global passenger car sales, 81% of municipal bus sales by 2040

Green Car Congress

BloombergNEF (BNEF) is out with an aggressive forecast that projects electric vehicles taking up 57% of the global passenger car sales by 2040—slightly higher than it forecast a year ago—and electric buses with 81% of municipal bus sales by the same date. —Colin McKerracher, head of advanced transport for BNEF.

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