Sales of hybrid and battery electric vehicles are set for significant regional divergence, which could fragment economies of scale across automotive production, R&D and technology costs, according to a new powertrain forecast by Automotive from Ultima Media
According to the forecast, the differences in electric vehicle penetration will be significant across large markets. By 2030, EV sales are forecasted to account for only 9% of annual new vehicle sales in the US, where emissions regulations are laxer than in Europe and expected to be loosened further; in China and the EU, electric vehicle market share is expected to be nearly double at 16.3% and 17.6%, respectively.
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Production of the Power Electronics Box (PEB) at the Aveiro plant in Portugal, aims to enhance hybrid vehicles with technology redesigned for reliability and integrated systems management.
At the core of ONE’s innovation lies a strategic inclination toward lithium iron phosphate (LFP) batteries over conventional lithium nickel manganese cobalt (NMC) chemistry. Emphasizing safety, extended cycle life, and cost efficiency, ONE confronts the looming challenge of thermal runaway – a pressing concern in lithium-ion batteries, with a chemical focus on three pivotal ingredients…
Renault and Geely have signed a 50-50% joint venture agreement to form a new company, to develop and produce next-generation hybrid and highly efficient ICE powertrain solutions
