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IDTechEx Discusses Whether Fuel Cell Vehicles Will Succeed and What It Would Take

Retrieved on: 
Friday, February 9, 2024

Thanks to the very small market now, this results in over 60-fold growth for FCEVs over the next 20 years.

Key Points: 
  • Thanks to the very small market now, this results in over 60-fold growth for FCEVs over the next 20 years.
  • The big advantage for FCEVs over battery electric vehicles (BEVs) is the increased potential range.
  • Compared to a BEV drivetrain requires a battery, motor, and power electronics, a FCEV requires a (much smaller) battery, motor, power electronics, fuel cell, and hydrogen storage.
  • IDTechEx's report, " Fuel Cell Electric Vehicles 2024-2044: Markets, Technologies, and Forecasts ", provides technology and market insights into the adoption of fuel cell electric vehicles for the car, van, truck, and bus market with analysis of drivers, barriers, players, models, and market forecasts for 2024-2044.

IDTechEx Discusses Whether Fuel Cell Vehicles Will Succeed and What It Would Take

Retrieved on: 
Friday, February 9, 2024

Thanks to the very small market now, this results in over 60-fold growth for FCEVs over the next 20 years.

Key Points: 
  • Thanks to the very small market now, this results in over 60-fold growth for FCEVs over the next 20 years.
  • The big advantage for FCEVs over battery electric vehicles (BEVs) is the increased potential range.
  • Compared to a BEV drivetrain requires a battery, motor, and power electronics, a FCEV requires a (much smaller) battery, motor, power electronics, fuel cell, and hydrogen storage.
  • IDTechEx's report, " Fuel Cell Electric Vehicles 2024-2044: Markets, Technologies, and Forecasts ", provides technology and market insights into the adoption of fuel cell electric vehicles for the car, van, truck, and bus market with analysis of drivers, barriers, players, models, and market forecasts for 2024-2044.

Vehicle Dependability Slumps as Rate of Deterioration Increases, J.D. Power Finds

Retrieved on: 
Thursday, February 8, 2024

Vehicle owners are experiencing lower levels of vehicle dependability after three years of ownership, according to the J.D.

Key Points: 
  • Vehicle owners are experiencing lower levels of vehicle dependability after three years of ownership, according to the J.D.
  • Vehicle Dependability StudySM (VDS) (Graphic: Business Wire)
    “Historically, VDS model results mirror the results of the respective model year in the J.D.
  • Power Initial Quality Study, so a deterioration of vehicle dependability is unusual,” said Frank Hanley, senior director of auto benchmarking at J.D.
  • Vehicle Dependability Study is based on responses from 30,595 original owners of 2021 model-year vehicles after three years of ownership.

BorgWarner Secures Contract Extending High Voltage Coolant Heater Business with Global OEM

Retrieved on: 
Thursday, February 8, 2024

To be manufactured at BorgWarner's Cadillac, Michigan facility

Key Points: 
  • To be manufactured at BorgWarner's Cadillac, Michigan facility
    AUBURN HILLS, Mich., Feb. 8, 2024 /PRNewswire/ -- BorgWarner has extended its contract to supply 400V high voltage coolant heaters (HVCH) to a major global OEM.
  • The business win is one of three contracts secured with North American OEMs for BorgWarner's HVCH.
  • BorgWarner's HVCH is a fast-responding, compact solution for pure BEVs, featuring a high power density and low ripple current.
  • In addition to North America, BorgWarner has recently won business for its HVCH technology in other regions, including a premium European OEM's mid-size electric vehicle platform in Europe and a global OEM's European light vehicle program.

The EU's 5 Million Digital Product Passports in 2027 Will Transform EV Battery Industry by Enabling Supply Chain Traceability

Retrieved on: 
Tuesday, February 6, 2024

LONDON, Feb. 6, 2024 /PRNewswire/ -- Amid a growing demand for sustainable choices, businesses and consumers face challenges in making informed decisions due to data gaps in supply chains. The Digital Product Passport (DPP), pioneered by the European Union, aims to simplify this task. Between 2026 and 2027, DPPs will be first implemented in the greatest environmental impact product group, batteries & vehicles. According to global technology intelligence firm ABI Research, in 2027, over 5 million BEVs will be sold with a Battery Digital Passport in Western Europe, where global manufacturers will have to start creating battery Life-Cycle Assessments (LCAs) by 2025. LCAs provide the critical information needed to generate Battery Passports.

Key Points: 
  • The Digital Product Passport (DPP), pioneered by the European Union, aims to simplify this task.
  • Between 2026 and 2027, DPPs will be first implemented in the greatest environmental impact product group, batteries & vehicles.
  • "The Digital Product Passport will be a game-changer promoting traceability, material and energy efficiency, and repair-based business models," says Rithika Thomas, Sustainable Technologies Industry Analyst at ABI Research.
  • These findings are from ABI Research's Digital Product Passports: Tech-Driven Sustainability and Traceability for EV Batteries, Construction Materials and Pilot Use Cases .

The EU's 5 Million Digital Product Passports in 2027 Will Transform EV Battery Industry by Enabling Supply Chain Traceability

Retrieved on: 
Tuesday, February 6, 2024

LONDON, Feb. 6, 2024 /PRNewswire/ -- Amid a growing demand for sustainable choices, businesses and consumers face challenges in making informed decisions due to data gaps in supply chains. The Digital Product Passport (DPP), pioneered by the European Union, aims to simplify this task. Between 2026 and 2027, DPPs will be first implemented in the greatest environmental impact product group, batteries & vehicles. According to global technology intelligence firm ABI Research, in 2027, over 5 million BEVs will be sold with a Battery Digital Passport in Western Europe, where global manufacturers will have to start creating battery Life-Cycle Assessments (LCAs) by 2025. LCAs provide the critical information needed to generate Battery Passports.

Key Points: 
  • The Digital Product Passport (DPP), pioneered by the European Union, aims to simplify this task.
  • Between 2026 and 2027, DPPs will be first implemented in the greatest environmental impact product group, batteries & vehicles.
  • "The Digital Product Passport will be a game-changer promoting traceability, material and energy efficiency, and repair-based business models," says Rithika Thomas, Sustainable Technologies Industry Analyst at ABI Research.
  • These findings are from ABI Research's Digital Product Passports: Tech-Driven Sustainability and Traceability for EV Batteries, Construction Materials and Pilot Use Cases .

Li Auto Inc. January 2024 Delivery Update

Retrieved on: 
Thursday, February 1, 2024

BEIJING, China, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that the Company delivered 31,165 vehicles in January 2024, up 105.8% year over year.

Key Points: 
  • BEIJING, China, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that the Company delivered 31,165 vehicles in January 2024, up 105.8% year over year.
  • The cumulative deliveries of Li Auto vehicles reached 664,529 as of the end of January 2024.
  • Our 2024 launches will kick off in March with the official release and commencement of deliveries of our high-tech flagship family MPV, Li MEGA, alongside the rollout of the 2024 Li L7, Li L8, and Li L9.
  • Throughout this period, we are pleased to completely waive electricity and charging service fees for Li Auto users at these super charging stations.

Hyundai Motor Company to supply an all-electric Light Commercial Vehicle from its Global eLCV platform to Iveco Group in Europe

Retrieved on: 
Thursday, February 1, 2024

Hyundai Motor Company and Iveco Group (EXM: IVG) today announced signing a supply agreement of an IVECO-badged all-electric light commercial vehicle for Europe, based on Hyundai’s Global eLCV platform.

Key Points: 
  • Hyundai Motor Company and Iveco Group (EXM: IVG) today announced signing a supply agreement of an IVECO-badged all-electric light commercial vehicle for Europe, based on Hyundai’s Global eLCV platform.
  • The new vehicle will join Iveco Group’s electric light commercial vehicle lineup, enhancing the Group’s LCV portfolio alongside the iconic IVECO Daily.
  • The supply agreement signing ceremony, which took place at Hyundai Motor Company’s headquarters in Seoul, South Korea, was attended by Jaehoon Chang, President and CEO of Hyundai Motor Company, Ken Ramírez, Executive Vice President and Head of Global Commercial Vehicle & Hydrogen Business at Hyundai Motor Company, Gerrit Marx, CEO of Iveco Group, and Luca Sra, President, Truck Business Unit, Iveco Group.
  • Luca Sra, President, Truck Business Unit, Iveco Group, said, “The unique partnership between Iveco Group and Hyundai Motor Company is making another significant step forward.

Guidehouse Insights Estimates North American Plug-in EV Sales Will Grow to Nearly 14 Million Units by 2032

Retrieved on: 
Thursday, February 1, 2024

BOULDER, Colo., Feb. 1, 2024 /PRNewswire/ -- A new report from Guidehouse Insights assess the market for plug-in EVs (PEVs) and EV supply equipment (EVSE) in North America and identifies key emerging market trends.

Key Points: 
  • Sales of PEVs in North America have seen significant increases in 2022 and 2023.
  • In the first three quarters of 2023, PEV sales exceeded the 2022 total.
  • According to a new report from Guidehouse Insights, annual PEV sales in North America are projected to grow from 1.7 million units in 2023 to 13.9 million in 2032, at a compound annual growth rate (CAGR) of 26.5%.
  • An executive summary of the report is available for free download on the Guidehouse Insights website .

Hyundai Motor Company to supply an all-electric Light Commercial Vehicle from its Global eLCV platform to Iveco Group in Europe

Retrieved on: 
Thursday, February 1, 2024

TURIN, Italy and SEOUL, South Korea, Feb. 1, 2024 /PRNewswire/ -- Hyundai Motor Company and Iveco Group (EXM: IVG) today announced signing a supply agreement of an IVECO-badged all-electric light commercial vehicle for Europe, based on Hyundai's Global eLCV platform.

Key Points: 
  • TURIN, Italy and SEOUL, South Korea, Feb. 1, 2024 /PRNewswire/ -- Hyundai Motor Company and Iveco Group (EXM: IVG) today announced signing a supply agreement of an IVECO-badged all-electric light commercial vehicle for Europe, based on Hyundai's Global eLCV platform.
  • The new vehicle will join Iveco Group's electric light commercial vehicle lineup, enhancing the Group's LCV portfolio alongside the iconic IVECO Daily.
  • The supply agreement signing ceremony, which took place at Hyundai Motor Company's headquarters in Seoul, South Korea, was attended by Jaehoon Chang, President and CEO of Hyundai Motor Company, Ken Ramírez, Executive Vice President and Head of Global Commercial Vehicle & Hydrogen Business at Hyundai Motor Company, Gerrit Marx, CEO of Iveco Group, and Luca Sra, President, Truck Business Unit, Iveco Group.
  • Luca Sra, President, Truck Business Unit, Iveco Group, said, "The unique partnership between Iveco Group and Hyundai Motor Company is making another significant step forward.