SAN FRANCISCO, June 29, 2022 /PRNewswire/ — The global automotive engine market size is expected to reach USD 118.2 billion by 2030, registering a CAGR of 2.5% over the forecast period, according to a new report by Grand View Research, Inc. The consumer inclination for high-performing automobiles in the mid and high-end segment vehicles is… Continue reading Automotive Engine Market Size Worth $118.2 Billion by 2030 – Grand View Research, Inc.
Tag: Electric vehicles
THE CAVALIER RESORT WELCOMES EMBASSY SUITES BY HILTON VIRGINIA BEACH OCEANFRONT
The third and final hotel addition to the Cavalier Resort is set to open as early as February of 2023. VIRGINIA BEACH, Va., June 29, 2022 /PRNewswire/ — The all-new Embassy Suites by Hilton Virginia Beach Oceanfront Resort is on pace to open its doors by February of 2023. With its completion, the acclaimed Cavalier… Continue reading THE CAVALIER RESORT WELCOMES EMBASSY SUITES BY HILTON VIRGINIA BEACH OCEANFRONT
@Daimler: Mercedes-Benz prepares car production network for new electric portfolio
Mercedes-Benz prepares its highly flexible production network for “electric only”: Management and employee representatives reach consensus on future European production setup Top End Luxury: Sindelfingen, the lead Mercedes-Benz plant for high end vehicles to produce models based on the AMG.EA platform (AMG Electric Architecture) from 2025 Core Luxury: The Mercedes-Benz plants in Bremen, Germany and… Continue reading @Daimler: Mercedes-Benz prepares car production network for new electric portfolio
Geely-backed energy storage firm Corun to invest $168m in Chinese new materials businessCorun will pick up a 30% stake in Dingsheng, a lithium-ion bat…
Hunan Corun New Energy, a Chinese publicly-listed energy storage solutions provider, is planning to invest 1.12 billion yuan ($167.2 million) in a loss-making domestic new materials company as it bets on a business transition to focus on new-generation batteries. The 24-year-old company will pick up a 30% stake in Jiangxi Dingsheng New Material Technology, a… Continue reading Geely-backed energy storage firm Corun to invest $168m in Chinese new materials businessCorun will pick up a 30% stake in Dingsheng, a lithium-ion bat…
German Handelsblatt: Auto industry: Mercedes is building new electric cars in Germany – the Rastatt plant remains004584
Production at Mercedes The manufacturer is preparing its German plants for the production of electric cars. (Photo: Reuters) Mercedes-Benz has agreed with employee representatives on a plan to switch to electric cars. As the company announced on Wednesday after weeks of negotiations, the plant in Rastatt, Baden, will remain a competence center for compact vehicles.… Continue reading German Handelsblatt: Auto industry: Mercedes is building new electric cars in Germany – the Rastatt plant remains004584
TrueCar Releases Analysis of June and 2022 Second Quarter Industry Sales
“As we head into the July fourth weekend, inventory across the industry remains at or near the constrained levels we’ve been seeing throughout 2022, although demand for vehicles remains strong,” said Nick Woolard, Lead Industry Analyst at TrueCar. “We continue to see rapid growth in demand for new electric vehicles amid soaring fuel prices, with… Continue reading TrueCar Releases Analysis of June and 2022 Second Quarter Industry Sales
Information Trends Launches Comprehensive Global Database and Map of H2 Stations
Over 800 H2 stations already deployed, and more are coming STERLING, Va., June 29, 2022 /PRNewswire/ — Information Trends has launched a comprehensive global database and published a worldwide map of hydrogen stations, the company announced today. According to the database, more than 800 hydrogen stations have been deployed globally so far. The database, which… Continue reading Information Trends Launches Comprehensive Global Database and Map of H2 Stations
June auto sales preview: Chip supplies improve, PV wholesales likely to benefit
Due to the improvement in semiconductor chip supply, passenger vehicles (PVs) sales may have benefitted in the month of June in what could turn out to be the best ever June for wholesales, analysts say. Demand trends for PVs have remained resilient despite the price increase undertaken due to pent-up demand. However, the waiting period… Continue reading June auto sales preview: Chip supplies improve, PV wholesales likely to benefit
Australia prioritizes reducing emissions and cheaper EVs
Australia‘s new government is putting climate change at the top of its legislative agenda when Parliament sits next month for the first time since the May 21 election, with bills to enshrine a cut in greenhouse gas emissions and make electric cars cheaper, a minister said on Wednesday. A bill will be introduced to commit… Continue reading Australia prioritizes reducing emissions and cheaper EVs
Commercial EV startup Turno raises over $3 million
L-R, Sudhindra Reddy and Hemanth Aluru, Co-founders, Turno. A commercial EV start-up based in Bengaluru, Turno, has raised $3.1 million in equity funding. The investment was led by Stellaris Venture Partners, along with Avaana Capital. Turno’s unique model enables the retail segment – individuals and SMEs – which constitutes 90 percent of commercial vehicles in… Continue reading Commercial EV startup Turno raises over $3 million