Automotive

WHAT'S NEXT?: Automated vehicles could lead to a significant increase in vehicle-sharing and a significant reduction in the size of the global vehicle fleet, emissions, travel time, associated infrastructure and costs. By 2030, electric vehicles could represent about 30 percent of all new cars sold globally. Future connected car applications will drive a 150% increase in demand for contextual information between now and 2020.

[New] Amazon has pledged to fully decarbonise its fleet by 2040, and has ordered 100,000 delivery vehicles from US electric vehicle start up Rivian to get there, while UPS has ordered 10,000 vans from British EV start-up Arrival.
[New] The demand for electrified vehicles will surpass 40 million units per year by 2026, boosted by many regulations and subventions from different countries.
[New] The average price of a lithium battery that was over US $1000 in 2010 has fallen to a mere US $137 per kilowatt-hour and will come down to less than $100 in next three years.
[New] Back in 2018, Mercedes-Benz owner Daimler outlined plans to purchase more than £18bn worth of electric vehicle (EV) battery cells by 2030.
[New] Construction of the Kinetic Edge platform is proceeding in 36 US cities, and will offer Kinetic Edge coverage that reaches ~ 80% of US population.
[New] 25 vans, currently under construction in Oxfordshire, will be spending the summer on roads in the UK in the run-up to mass production.
[New] Ford has since announced plans to roughly double its investment in electrified vehicles and sell only EVs in Europe by 2030.
[New] If companies acted responsibly, the rise of electric vehicles would be a great opportunity for countries like Congo.
[New] Volvo said that, while its all-electric vehicles will be sold exclusively online, dealerships will remain a crucial part of the customer experience and will continue to be responsible for a variety of important services such as selling, preparing, delivering and servicing cars.
[New] Musk has always claimed that Tesla electric vehicles will add value due to the continuous improvement of its automatic driving function, and may even generate revenue through the automatic driving calling network Tesla plans to release later in 2021.
[New] Last fall, the Governor of California announced an intention to ban sales of new gasoline-powered vehicles starting in 2035.
[New] In pursuit of sustainable future for the world, Hyundai will continue its efforts to introduce zero emission vehicles equipped with industry-leading hydrogen fuel cell and EV technologies.
[New] Industry profits from vehicles with internal combustion engines will fall by more than US$ 2 billion through 2030, while profits from new-energy and AV sales, components, and mobility services could reach US$ 10 billion by then.
[New] Ford announced during its Q4 earnings report that it will invest US$ 22 billion in electric vehicles and US$ 7 billion in autonomous vehicles through 2025.
[New] The incoming Biden administration has said it plans to make significant investments in the electric vehicle industry, such as through creating 500,000 new electric vehicle charging stations and by increasing federal incentives with respect to electric vehicle manufacturing.
[New] General Motors Co. wants to sell 1 million electric vehicles by 2025, but to get there its leaders say it will have to ease two top concerns of drivers: EV cost and battery range anxiety.
[New] General Motors has committed $27 billion to the development of all-electric and autonomous vehicles and plans to sell only electric vehicles by 2035.
[New] The reason China is manufacturing 1.2 million electric vehicles a year is because their government said we will support anyone who's got the go to set up auto.
[New] Following Beijing, the Shanghai municipal government early this month unveiled a new policy for new energy vehicles, which excludes new purchases of plug-in hybrid vehicles, including EREVs, from free vehicle registration starting in 2023.
[New] Sales of new energy vehicles (NEVs), including pure battery electric vehicles as well as plug-in hybrid and hydrogen fuel cell vehicles, are expected to make up 20% of China's overall annual auto sales by 2025.
[New] China's Huawei plans to make electric vehicles under its own brand and could launch some models in 2021, four sources said, as the world's largest telecommunications equipment maker, battered by U.S. sanctions, explores a strategic shift.
[New] Nissan's ability to offer a large range of electrified vehicles, which includes pure EVs, hybrids and plug-in hybrids, will help it clear CAFE, or Corporate Average Fuel Economy regulations.

Last updated: 06 March 2021

Automotive

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