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

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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% from the previous industry record of $71 billion in 2020, SEMI announced in its Year-End Total Semiconductor Equipment Forecast – OEM Perspective.

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BYD NEV sales up 262.9% YOY in October

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In particular, the New Energy Vehicle (NEV) sales reached 80,003 units, soaring 262.9% By the end of October, the cumulative annual sales of BYD passenger vehicles topped 200,000 units. Globally, the DM-i model also holds an important position. BYD sold 88,898 passenger vehicles in October, increasing 90.9% BYD’s e-platform 3.0

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ABB-sponsored report suggests global plans for 80 new EV battery gigafactories insufficient

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A new report sponsored by ABB Robotics and authored by the automotive intelligence unit of Ultima Media auggests that concerns over EV battery supply to meet the escalation in demand poses serious risk to the growth of market share of electric vehicles, despite plans for 80 new global battery gigafactories.

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IDTechEx: future of the electric ship industry lies with hybrid cargo vessels

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More than 1GWh of batteries are now sailing on waters globally, reflecting 72% industry growth in 2022, according to a new report from IDTechEx. Source: IDTechEx - “Electric Boats & Ships 2024-2044” Electric and hybrid vessels are also typically new-builds, specifically designed to be efficient with electric propulsion.

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Nidec to acquire Mitsubishi Heavy Industries Machine Tool to support push into EV drives; E-Axle

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Nidec Corporation’s Board of Directors approved a resolution to acquire the shares of Mitsubishi Heavy Industries Machine Tool Co., a company that designs, manufactures, and sells machine tools, cutting tools, and related products. Nidec has set a target of achieving 35% global market share in the EV traction motor market by 2030.

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Kia appoints Oliver Samson and Seungmo Lim as heads of Global Design Centres in Europe, China | Autocar Professional

Baua Electric

Kia Corporation has announced the appointment of new senior chief designers Oliver Samson and Seungmo Lim as respective heads of its Europe and China Design Centers, effective April 1. I’ve always admired Kia for its talented and forward-thinking global design team,” said Samson.

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ICCT report finds US domestic EV production and investment continues to fall; only 5% of global EV investment to go to US EV assembly plants

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The ICCT study finds that the United States’ share of cumulative global EV production decreased from 20% to 18% since 2010 and only 15% of the approximately $345 billion in global automaker EV investments are flowing to the US. Similarly, European manufacturing accounted for 25% of global EVs through 2020, up from 23% in 2017.

Global 397