01 November 2023
01 November 2023
GlobalData report shows China light vehicle wholesales up 8% in September
Sales of hybrids, where Toyota is strong, have picked up strongly
The additional funds will increase the company’s total investment in Toyota Battery Manufacturing North Carolina (TBMNC) to $13.9bn
StoreDot claims consecutive extreme fast charging conditions did not degrade StoreDot’s cells
XFC refers to batteries that can be recharged from 10% to 80% in under ten minutes to provide an additional range of 320km
Jidu (a Geely/Baidu JV) adds a battery maker for its robocar project
Auto OEMs are partnering with EV battery recyclers, as they seek to secure better raw materials access and improve ESG profiles.
From 2026, Porsche will be supplied with CO2-reduced steel from start-up H2 Green Steel
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The global off-highway electric market is expected to grow at a CAGR of 17.4% by 2030, per GlobalData. Despite the strong growth, high upfront costs may pose a challenge. Due to the high capacity of these vehicles, they consume large amounts of power from a number of battery packs installed on the vehicle, whose high cost in turn adds to the cost of the vehicle, thereby increasing the initial cost. However, governments worldwide are offering subsidies and tax exemptions in order to help customers to counter the initial purchase cost.
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