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IHS Markit: global auto sales to drop 22% this year

Green Car Congress

IHS Markit cut its forecasts for global light vehicle sales and production as the impact COVID-19 impact has depressed demand. According the new analysis, global light vehicle sales are now forecast to be 69.6 IHS Markit forecasts a similar decline for global light vehicle production, falling to 69.3 million units.

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IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

Green Car Congress

IHS Markit is forecasting that global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 will be down 22% (more than 650,000 units) to 2.6 These forecasts are informed by the latest IHS Markit global economic forecast updates, which reflect a 3.0% decline in global real GDP in 2020.

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Li-ion maker Boston-Power adds $30M in funding; China expansion

Green Car Congress

Boston-Power recently broke ground on its new manufacturing site in Liyang. Boston-Power recently broke ground on its new manufacturing site in Liyang. GSR Ventures is an early-stage venture capital firm focused on building world-class technology companies in China.

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

Green Car Congress

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. In Japan, policymakers are additionally targeting manufacturers and paying innovation premiums for increases in range.

2020 259
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Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

Green Car Congress

a provider of lithium-ion battery cells, modules and systems ( earlier post ), announced $125 million in new funding from a combination of private equity investment and support from China. As part of its plans, Boston-Power is establishing an R&D and EV battery engineering facility in China. Boston-Power, Inc.,

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ABB launches first DC fast charger compliant with Chinese GB standard

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The new chargers will be manufactured locally in Shenzhen at ABB’s recently established base for electric vehicle chargers. Furthermore, ABB will incorporate electric vehicles into its company fleet, demonstrating full support for green transportation in China. Earlier post.)

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PwC’s Autofacts forecasts global light vehicle assembly to reach 81.8M units in 2013, up 3.3% from 2012

Green Car Congress

Global light vehicle assembly will reach 81.8 Consumer demands and regulatory requirements are motivating the global automotive industry to push ahead with technological breakthroughs on a larger scale ,” said Rick Hanna, PwC’s global automotive leader. Global automotive industry regional highlights include: North America.

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