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Frost & Sullivan: Li-ion battery materials market to reach $51.60B by 2027 from $18.75B in 2020; 15.6% CAGR

Green Car Congress

Frost & Sullivan projects that the global Li-ion battery materials market will reach $51.60 The advancements in battery chemistries and technologies, upsurge in electric vehicle (EV) sales, evolving regulatory scenario, and increasing consumer preferences toward EVs are expediting market growth worldwide. billion by 2027 from $18.75

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Ford sources battery capacity and raw materials for 600K EV annual run rate by late 2023, 2M by end of 2026; adding LFP

Green Car Congress

Ford expects a compound annual growth rate for EVs to exceed 90% through 2026, more than double forecasted global industry growth. Ford and CATL—the world’s largest battery producer—have signed a separate non-binding MOU to explore a cooperation for supplying batteries in Ford’s markets across China, Europe and North America.

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Tesla battery supplier CATL expects up to 200% profit increase

Teslarati

The expectations come as the electric vehicle battery market benefits from the rise of EVs in the general automotive sector. In a stock filing on Monday, CATL forecasted a profit increase of up to 200%. Among the most notable of these facilities is in Hungary with Mercedes-Benz AG. billion yuan ($1.4

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Opel introducing new 1.6L SIDI engine with start-stop system; 3 new engine generations over next 12 months part of major turnaround plan

Green Car Congress

Production at the Szentgotthardt plant in Hungary will begin in late 2012. Export initiative: Opel wants to enter new markets, including Australia, North Africa, South America and the Middle East. Given the forecasted market volumes, it would not be viable to produce in more than two plants.

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BMW outlines iFACTORY production strategy; transformation to e-mobility; Plant Debrecen first CO2-free plant

Green Car Congress

The BMW iFACTORY is not a one-off showpiece but an approach we will implement at all our plants in the future —from our 100-year-old home plant in Munich to our forthcoming plant in Debrecen, Hungary. —Milan Nedeljkovi?. BMW Group Production Network: 31 production sites in 15 countries.

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Bosch supplying factory equipment for battery production; €250M business by 2025

Green Car Congress

Forecasts say that demand for lithium-ion batteries will rise from around 200 GWh in 2019 to more than 2,000 GWh by 2030 (source: BMWi, 2021). Our assumption is that the global battery market will grow up to 25 percent each year. Currently, more than 60 percent of that demand stems from electromobility (source: VDMA, 2020).

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Ford will use module-less LFP batteries from CATL

Push EVs

Ford expects a compound annual growth rate for EVs to exceed 90% through 2026, more than double forecasted global industry growth. Ford and CATL – the world’s largest battery producer – have signed a separate non-binding MOU to explore a cooperation for supplying batteries in Ford’s markets across China, Europe and North America.

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