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IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

Green Car Congress

IHS Markit is forecasting that global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 will be down 22% (more than 650,000 units) to 2.6 These forecasts are informed by the latest IHS Markit global economic forecast updates, which reflect a 3.0% decline in global real GDP in 2020.

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Industrial material prices fall sharply on concerns about Chinese slowdown – ET Auto

Baua Electric

Compounding this are worries that Chinese producers with excess supply will ramp up exports, depressing prices globally. percentage points lower than for all last year, according to China’s National Bureau of Statistics. But capacity utilisation in manufacturing and other sectors in the quarter was 74.5 per cent, 1.3

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Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

With the global automotive industry spiraling, several reports have questioned how EVs will fare vis-à-vis the turbulence in the broader industry. In Germany, statistics from the Federal Motor Transport Authority reveal that total car registrations in March fell by 38% while fully electric cars actually grew by 56% and hybrids by 208%.

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