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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 Optimizing EV manufacturing capacity. The innovation will be expanded to global plants in the future. New IMA architecture.

Hyundai 370
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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. Registrations fell in all 27 markets, but with varying severity.

Europe 261
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US Steel and CarbonFree sign MoU to capture CO2 at Gary Works

Green Car Congress

United States Steel Corporation and CarbonFree Chemicals Holdings, LLC (CarbonFree) recently signed a non-binding Memorandum of Understanding (MoU) jointly to pursue the capture of CO 2 emissions generated from US Steel’s Gary Works manufacturing plant using CarbonFree’s SkyCycle technology.

CO2 368
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Anjie Wireless licenses WiTricity technology for China EV market

Green Car Congress

Under the terms of the agreement, Anjie Wireless will license WiTricity’s patented magnetic resonance technology and industry-leading designs to develop and commercialize highly efficient wireless electric vehicle (EV) charging systems for sale to leading carmaker brands in the China market.

China 249
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Porsche and Boeing to partner on premium urban air mobility market; electric VTOL concept

Green Car Congress

Porsche and Boeing signed a Memorandum of Understanding to explore the premium urban air mobility market and the extension of urban traffic into airspace. With this partnership, both companies will leverage their respective market strengths and insights to study the future of premium urban air mobility vehicles.

Porsche 265
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BASF boosts support for sustainable road construction with global distribution rights for RheoFalt rejuvenator

Green Car Congress

BASF now has the worldwide distribution rights for RheoFalt smart additives to modify asphalt and bitumen manufactured by the Netherlands-based company Ventraco. We estimate that the market volume worldwide and especially in the region of EMEA will increase sharply in the near future.

Global 397
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Ford and Volkswagen expand global collaboration to include EVs, invest in Argo AI

Green Car Congress

Ford Motor Company and Volkswagen AG are expanding their global alliance to include electric vehicles—and will collaborate with Argo AI to introduce autonomous vehicle technology in the US and Europe. With the addition of AID employees, Argo AI will grow from 500 to more than 700 employees globally. Earlier post.).

Ford 262