article thumbnail

Hyundai Motor targeting 7% of global EV market by 2030; 1.87M BEVs

Green Car Congress

The company also unveiled targets for sales and financial performance to be achieved by 2030. Under the new plan, the company aims to boost annual global BEV sales to 1.87 trillion (US$79 billion) of investment for future businesses by 2030, including KRW 19.4 Hyundai also presented its mid-to long-term financial goals.

Hyundai 370
article thumbnail

BASF boosts support for sustainable road construction with global distribution rights for RheoFalt rejuvenator

Green Car Congress

We estimate that the market volume worldwide and especially in the region of EMEA will increase sharply in the near future. We are pleased to have won BASF for sales and the joint further development of our RheoFalt product. Together we have excellent laboratory capacities to develop high-performance products in the future.

Global 397
article thumbnail

Daimler and Geely Holding form global JV for smart; new generation of electric models

Green Car Congress

Daimler AG and Zhejiang Geely Holding Group , the German and Chinese automotive groups, have formed a 50-50 globally focused joint venture to own, operate and further develop smart, the pioneer of small urban vehicles, as a leader in premium-electrified vehicles. Future production will be located in China.

Global 259
article thumbnail

US Steel and CarbonFree sign MoU to capture CO2 at Gary Works

Green Car Congress

The parties may also consider collaborating on more carbon capture, utilization and storage projects in the future. The technology produces PCC for sale into the global specialty chemicals market, and calcium carbonate for the sequestration of CO 2.

CO2 368
article thumbnail

Mitsubishi Motors targeting 50% electrified sales by 2030, 100% by 2035

Green Car Congress

This three-year plan, dubbed “Challenge 2025”, sets out MMC’s corporate direction in reinforcing the company’s environmental commitment toward a carbon-neutral future, laying the foundation for how MMC will work within the Renault-Nissan-Mitsubishi Alliance and other global alliances, and discussing future plans for various global markets.

article thumbnail

JATO: global vehicle sales fall by 39% in March; electrified vehicles up to 17.4% new registration market share in Europe

Green Car Congress

The outbreak of COVID-19 has already impacted the automotive industry significantly, according to JATO Dynamics, a leading provider of global automotive data and insight. Global vehicle sales totalled 5.55 —Felipe Munoz, JATO’s global analyst. million units in March 2020, down by 39% from March 2019. million units.

Europe 261
article thumbnail

Volvo will make its first all-electric car in China; available in 2019, exported globally

Green Car Congress

The all-new model will be based on Volvo’s Compact Modular Architecture (CMA) for smaller cars, and will be available for sale in 2019 and exported globally from China, Volvo said.

Volvo 150