Tuesday, September 26, 2023

Mid-week Auto News Summary

Welcome to From the Newsroom, a roundup of news from Cox Automotive and perspectives from its analysts and experts on topics dominating the automotive industry. With autumn officially here, the auto industry is wrapping up the third quarter and looking ahead to the end of the year. ... Continue reading

Evolutionary Lithium-Ion Battery Improvements Will Drive a Sixfold Increase of Global EV Battery Output Production to Over 2,500 GWh by 2030

Achieving EV adoption targets will require massive growth in battery manufacturing and raw material supply LONDON, Sept. 26, 2023 -- With aggressive government decarbonization targets and OEM electrification strategies, Electric Vehicle (EV) production will majorly increase this decade. ... Continue reading

Hypercar Market to grow by USD 63.44 billion from 2022 to 2027, the market is fragmented due to the presence of prominent companies like Aston Martin Lagonda Ltd., Ajlani Motors and Aspark Co. Ltd., and many more - Technavio

NEW YORK, Sept. 26, 2023 -- The hypercar market is estimated to grow by USD 63.44 billion from 2022 to 2027, growing at a CAGR of 32.64%. The hypercar market is fragmented owing to the presence of many global and regional companies. ... Continue reading

Ford Pauses $3.5 bln Battery Plant in Michigan - Why? UAW Or EV Bottom Line Or CCP Connections?

Ford has paused work on a $3.5 billion electric vehicle battery plant in Michigan, citing (Choose One Two Or Three) concerns about ability to competitively operate the plant (UAW Fault?), Big Losses On EV's (Management Fault?), US Congress Chinese Partner Connections (Emperors New Clothes Thinking Fault) ... Continue reading

MIT Explains: How did China come to dominate the world of electric cars?

MIT Tech Review Explains From generous government subsidies to support for lithium batteries, here are the keys to understanding how China managed to build a world-leading industry in electric vehicles. ... Continue reading