15 July 2024
15 July 2024
Having previously said it would become an EVs-only brand, Genesis now plans to offer HEVs too
When milling graphite for EV batteries, innovative and reliable equipment is critical to minimising downtime, reducing maintenance, and preventing contamination.
Aimed to raise US$1.5bn from several sovereign wealth funds, energy companies and private funds
Plant scheduled to be operational in 2026
Battery unit PowerCo would receive the licence to mass-produce battery cells based on QuantumScape technology
Under Inflation Reduction Act, Chile eligible as it has a free trade agreement with the US
Market had been in decline for almost a year after rebounding strongly in the previous two years from pandemic lows
Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.
Per GlobalData's latest report, the EV market volume was 24.8 million units in 2023 and is expected to grow at a CAGR of >10% by 2031. Rising environmental concerns and consumer preferences for clean mobility coupled with supportive government policies to promote the usage of eco-friendly transportation are expected to significantly boost the adoption of EVs.
Per GlobalData's latest report, the EV market volume was 24.8 million units in 2023 and is expected to grow at a CAGR of >10% by 2031. Rising environmental concerns and consumer preferences for clean mobility coupled with supportive government policies to promote the usage of eco-friendly transportation are expected to significantly boost the adoption of EVs.
Per GlobalData's latest report, the EV market volume was 24.8 million units in 2023 and is expected to grow at a CAGR of >10% by 2031. Rising environmental concerns and consumer preferences for clean mobility coupled with supportive government policies to promote the usage of eco-friendly transportation are expected to significantly boost the adoption of EVs.
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