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BYD Chairman forecasts falling profit margins in 2024

Teslarati

BYD Chairman Wang Chuanfu forecasts falling profit margins in 2024 but remains confident that the company will maintain stable profitability. BYD sells pure battery electric vehicles (BEVs) and plug-in hybrids. The post BYD Chairman forecasts falling profit margins in 2024 appeared first on TESLARATI.

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Toyota cuts 2023 EV sales forecast by nearly 40% in latest questionable strategy shift

Electrek

Although Toyota expects record growth this fiscal year, it’s cutting its EV sales forecast by nearly 40%. In Toyota’s latest questionable strategy shift, the company will lean into hybrids to “avoid the price competition” in the EV market.

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Forecast: marine hybrid propulsion market to reach $4.5B by 2022

Green Car Congress

A market study recently published by Transparency Market Research (TMR) projected that revenue from the global marine hybrid propulsion market will rise from US$2.24 According to the report, the diesel-electric system is the most common technology configuration utilized in the global marine hybrid propulsion market.

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Benchmark: Lithium industry needs more than $116B to meet automaker and policy targets by 2030

Green Car Congress

Benchmark’s high case scenario forecasts that 7.0 With the amount of lithium production forecast by Benchmark for 2030, only 3.2 The US is targeting a 50% penetration rate of EVs (battery, plug-in hybrid, and fuel cell) in new sales by 2030. Globally, Benchmark’s Lithium ion Battery Database forecasts that 43.7%

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Eberspaecher introduces new AC system for hybrid and battery-electric buses in Asia-Pacific

Green Car Congress

in Hyderabad (India) earlier this month, Eberspaecher presented its new all-electric air-conditioning system AC135 AE, especially developed for hybrid and battery-electric driven buses in the Asia-Pacific region. Market forecasts show that by 2030, 40% of the bus fleet in India will consist of BEVs. At Prawaas 3.0

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Pike Research forecasts hybrids and plug-ins to grow to 4% of European market in 2020

Green Car Congress

Pike Research forecasts that electric vehicles—conventional hybrids (HEVs), plug-in hybrids (PHEVs) and battery-electrics (BEVs)—will grow from 0.7% Pike Research forecasts that by 2020 more than 1.8 Hybrid sales have also been strong in Asia Pacific where local buyers have always favored new technology.

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IDTechEx forecasts more than 300M 48V mild hybrids worldwide through 2031

Green Car Congress

In a new report, Analyst firm IDTechEx forecasts more than 300 million 48V mild hybrids to be on the world’s roads by 2031. Some major automotive companies are therefore reviewing the investment they make in strong hybrid given that most of the market may now be grabbed by 48V mild hybrids and pure electric powertrains.

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