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Bloomberg New Energy Finance forecasts plug-in electric vehicles could account for up to 9% of US auto sales in 2020 and 22% in 2030

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Plug-in electric vehicles, including plug-in hybrids and battery electric vehicles, have the potential to make up 9% of US auto sales in 2020 and 22% in 2030 (1.6 million and 4 million vehicle sales respectively), according to research company Bloomberg New Energy Finance (BNEF). Last week, J.D. Earlier post.)

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Jing-Jin Electric and Allison Transmission partner to accelerate development of commercial vehicle electrified powertrain solutions for global markets

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In addition, Allison has committed to provide debt financing in support of JJE North America’s commercial vehicle electric drive product development, testing and manufacturing acceleration efforts.

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BMW Group to build future MINI E vehicles in China with Great Wall Motor

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The BMW Group and Great Wall Motor have launched a new joint venture—Spotlight Automotive Limited—and are building a joint plant in China, where the BMW Group will produce future fully-electric models of its MINI brand. Jiangsu is also one of the leading provinces for finance, education and technology.

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Volvo Cars and Geely intend to merge their combustion engine operations

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Volvo Cars and Geely intend to merge their existing combustion engine operations into a stand-alone business in order to establish a new global supplier that will seek to develop next generation combustion engines and hybrid powertrains. Hybrid cars need the best internal combustion engines.

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Lightning eMotors introduces new generation 4 Lightning Electric Transit Class 3 Van; battery-electric and fuel cell electric variants

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Assembly is performed at Lightning eMotors’ Loveland, Colorado facility, which is currently ramping up to reach a production capacity of 1,000 electric commercial EVs per year in 2021 and with a goal of 20,000 vehicles per year by 2025.

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PSA Peugeot Citroën Showing FiSyPAC Fuel Cell Extended Range Electric Vehicle Demonstrator

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FiSyPAC is a collaborative fuel cell reliability project, initiated in 2006, led by PSA Peugeot Citroën, and financed by the French National Research Agency (ANR). This fully electric vehicle, based on a Peugeot 307 coupe cabriolet, has a driving range of 500 kilometers (311 miles), with 75 km (47 miles) in charge depleting mode.

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Audi increases upfront expenditure for electric mobility; €12B by 2024

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—Alexander Seitz, Board of Management Member for Finance, China and Legal Affairs at Audi AG. “. By 2025, the Audi Group intends to have more than 30 electrified models in its product range, 20 of which will be fully electric. The cross-brand architectures will enable high Group synergies to be utilized in the future.

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