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Electric Commercial Vehicle Market worth USD 255.6 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, March 4, 2024
EVS, Scania AB, Toyota, Air pollution, General Motors, Greenhouse, EQT, Growth, NMC, Climate change, Augmented reality, Tesla, Inc., Software, Paccar, EV, Transport, BYD, Dongfeng Motor Corporation, Mercedes-Benz Group, European, GVWR, Volvo, T5, Partnership, Original equipment manufacturer, Safety, City, Dongfeng, Peterbilt, Mercedes-Benz, CO2, FCEV, Bev, USD, ECV, MAN Truck & Bus, Ford Motor Company, Government, Metrobus, Infrastructure, Kenworth, Workhorse Group, Rail transport

The EU provides incentives for electric vehicles (EVs), such as battery electric vehicles (BEVs) and fuel cell electric vehicles (FCEVs).

Key Points: 
  • The EU provides incentives for electric vehicles (EVs), such as battery electric vehicles (BEVs) and fuel cell electric vehicles (FCEVs).
  • The 121–200 kWh battery capacity segment of the electric commercial vehicle market is witnessing substantial growth for several reasons.
  • The North American electric commercial vehicle market is experiencing significant growth driven by various factors, including tightening emission regulations, increasing environmental awareness, and advancements in electric vehicle (EV) technology.
  • Thus, all such factors are expected to boost the North American electric commercial vehicle market during the forecast period.

WeaveGrid and Toyota Collaborate to Empower EV Drivers and Optimize Charging for the Grid

Retrieved on: 
Thursday, February 22, 2024
SAN, Bev, EV, Xcel Energy, PHEV, BEV, Transport, Optimization, Toyota Motor North America, Automotive industry

WeaveGrid announces a collaboration for direct integration with Toyota Motor North America.

Key Points: 
  • WeaveGrid announces a collaboration for direct integration with Toyota Motor North America.
  • The result is a system that enables drivers to opt into charging optimization, personalized driver insights, and home charging cost savings.
  • "WeaveGrid is thrilled to collaborate with Toyota, a global automotive leader, to offer innovative solutions we both believe will help accelerate the transition to decarbonized transportation," said Apoorv Bhargava, Co-founder and CEO of WeaveGrid.
  • All enrolled participants across utility programs receive tailored insights about their charging and suggestions on how to save money on charging over time through a personalized dashboard.

Global Autonomous Vehicles Market Research Report 2023-2030 Featuring Alphabet, Amazon, Apple, Aptiv, Baidu, BMW, Mercedes-Benz, DidiChuxing Technology, Ford and, General Motors

Retrieved on: 
Wednesday, February 21, 2024
Unmanned aerial vehicle, Bev, EV, BEV, RADAR, Research, Traction, Partnership, Transport, ADAS, Level 3, Level 2, Communication, Carbon, Congestion, Safety, Ford, Argo AI, Automation, SAE, Volkswagen, Accident, ASIRT, A.I, Volvo, Environment, Pedestrian

Autonomous vehicles are a breakthrough technology in the automotive industry after the introduction of electric vehicles and hybrid vehicles.

Key Points: 
  • Autonomous vehicles are a breakthrough technology in the automotive industry after the introduction of electric vehicles and hybrid vehicles.
  • Government initiatives to support electric and hybrid cars are expected to propel the market for autonomous vehicles in the coming years.
  • In the expansive landscape of the global autonomous vehicle industry, passenger vehicles assert their dominance by claiming the largest market share.
  • Consequently, China has not only emerged as the most significant global market for electric vehicles but also as the leading producer.

Lotus Tech and L Catterton Asia Acquisition Corp Announce Closing of Business Combination

Retrieved on: 
Tuesday, February 20, 2024
Slate, Acquisition, ADS, Bev, L Catterton, Kirkland & Ellis, BEV, Deutsche Bank, Shearman & Sterling, LVMH, Tech, LCAA, Growth, American depositary receipt, Han Kun Law Offices, EPA, LLP, PIPE, Lotus, DNA, Partnership, Cryptocurrency

NEW YORK and SINGAPORE, Feb. 20, 2024 /PRNewswire/ -- Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global luxury electric vehicle maker, and L Catterton Asia Acquisition Corp ("LCAA") (NASDAQ: LCAA), a special purpose acquisition company formed by affiliates of L Catterton, a leading global consumer-focused investment firm, announced today that their previously proposed business combination is expected to be completed on February 22, 2024. The combined company will retain Lotus Tech's name as "Lotus Technology Inc." and its American Depositary Shares (ADS) will commence trading on the Nasdaq under the ticker symbol "LOT" on February 23, 2024. The business combination was approved by LCAA shareholders at an extraordinary general meeting held on February 2, 2024.

Key Points: 
  • The business combination was approved by LCAA shareholders at an extraordinary general meeting held on February 2, 2024.
  • "We are thrilled to announce our upcoming debut on the Nasdaq as we complete our business combination with LCAA," said Mr. Qingfeng Feng, Chief Executive Officer of Lotus Tech.
  • We look forward to accelerating our growth as a listed company, leading the electric transformation of the global luxury BEV market together with L Catterton."
  • Lotus Tech will ring the Nasdaq opening bell in New York City on February 23, 2024 to commemorate the Company's public listing.

TMC Strengthens Battery Production Capabilities

Retrieved on: 
Wednesday, March 6, 2024
Acquisition, Bev, BEV, Panasonic, Carbon, TMC, Toyota Industries, HEV, Automotive industry

Toyota City, Japan, Mar 6, 2024 - (JCN Newswire) - Toyota Motor Corporation (TMC) has agreed with Panasonic Holdings Corporation (Panasonic HD) to make Primearth EV Energy Co., Ltd. (PEVE) a wholly owned subsidiary in order to strengthen its capabilities in mass-producing automotive batteries.

Key Points: 
  • Toyota City, Japan, Mar 6, 2024 - (JCN Newswire) - Toyota Motor Corporation (TMC) has agreed with Panasonic Holdings Corporation (Panasonic HD) to make Primearth EV Energy Co., Ltd. (PEVE) a wholly owned subsidiary in order to strengthen its capabilities in mass-producing automotive batteries.
  • Toyota will continue collaborating with these companies in battery mass production and development.
  • The company's shift into mass-producing a wide variety of electric vehicle batteries will enable Toyota to respond flexibly to growing battery demand, while also helping to further boost mass-production competitiveness.
  • More competitive batteries will enhance the appeal of Toyota's electric vehicle offerings and contribute to achieving carbon neutrality through a multi-pathway approach.

Stellantis Delivers Record Net Revenues, Net Profit, Industrial Free Cash Flows for Full Year 2023

Retrieved on: 
Thursday, February 15, 2024
Bev, EV, Share repurchase, BEV, Education, EST, Growth, Calendar, CERN, Peugeot, Foxconn, Data, AOI, Carbon, LFP, STLA, Cell, CATL, Revenue, Webcast, NEV, Science, Euronext Paris, LEV, Partnership

AMSTERDAM, February 15, 2024 - Stellantis N.V. today reported record full year 2023 results.

Key Points: 
  • AMSTERDAM, February 15, 2024 - Stellantis N.V. today reported record full year 2023 results.
  • Net revenues grew 6% y-o-y to €189.5 billion, Net profit rose 11% to €18.6 billion, and Industrial free cash flows increased 19% y-o-y to €12.9 billion.
  • Stellantis reduced its scope 1 and 2 absolute emissions tCO2 by 20% in 2023 vs Baseline 2021.
  • In 2023, Stellantis Ventures invested in six new startups, and Stellantis signed 49 commercial contracts with new startups.

EV Battery Pack Cooling System Market Analysis 2023-2033 - Enhancing the Driving Range of Electric Vehicles

Retrieved on: 
Monday, February 12, 2024
EVS, Engineering, Bev, EV, Overheating, BEV, Temperature, Government, Life, Cell, Safety, Longevity

The EV battery pack cooling system market thrives due to rising electric vehicle demand, driving innovations in liquid cooling, adaptive controls, fast-charging tech, and eco-friendly solutions.

Key Points: 
  • The EV battery pack cooling system market thrives due to rising electric vehicle demand, driving innovations in liquid cooling, adaptive controls, fast-charging tech, and eco-friendly solutions.
  • The EV battery pack cooling system is a critical component ensuring optimal performance, safety, and longevity of electric vehicle batteries.
  • All this is expected to drive the EV battery pack cooling system market during the forecast period 2023-2033.
  • Battery electric vehicle (BEV) is expected to continue dominating the EV battery pack cooling system market.

Stellantis to Expand Electric-vehicle Charging Options in North America With Adoption of Proposed SAE Standard J3400 Connector

Retrieved on: 
Monday, February 12, 2024
Bev, Freedom, BEV, Alfa Romeo, Ram, News, Fiat, Combined, Carbon, Combined Charging System, STLA, CCS, SAE

We are happy to announce our backing and adoption of the SAE J3400 connector, a milestone for all customers on the path to open and seamless charging," said Ricardo Stamatti, Stellantis SVP of global energy & charging.

Key Points: 
  • We are happy to announce our backing and adoption of the SAE J3400 connector, a milestone for all customers on the path to open and seamless charging," said Ricardo Stamatti, Stellantis SVP of global energy & charging.
  • "Our Dare Forward 2030 strategic plan puts customers at the center of open interoperability and freedom of mobility for all.
  • Stellantis has joined with six other world-leading automakers to develop a high-powered charging network with at least 30,000 charge points in urban and highway locations across North America by 2030.
  • Charging stations will be accessible to all BEV customers, offering both Combined Charging System and J3400 connectors natively.

Plug Delivers Several Portable Liquid Hydrogen Refuelers to Customers

Retrieved on: 
Monday, February 12, 2024
ACT, FCEV, Acquisition, Bev, BEV, Plug, Transport, Hydrogen, Carbon, Organization, GHG

LATHAM, N.Y., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, delivered several first-of-its-kind liquid hydrogen portable refuelers to transit agencies and trucking fleet customers.

Key Points: 
  • LATHAM, N.Y., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, delivered several first-of-its-kind liquid hydrogen portable refuelers to transit agencies and trucking fleet customers.
  • The product was designed to reduce infrastructure costs and deployment time for medium-duty and heavy-duty hydrogen-powered commercial vehicles.
  • “Our portable refueler product is a prime example of Plug’s cutting-edge innovation driving cost-effective adoption of hydrogen in hard-to-abate sectors like transportation,” said Andy Marsh, Plug CEO.
  • To learn more about being a Plug portable refueler customer, visit https://www.plugpower.com/learn-more-about-plugs-portable-refueler/ .

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

Retrieved on: 
Friday, February 9, 2024
Hydrogen, Tesla Model 3, Electricity, Toyota Mirai, Bev, Growth, Electronics, Mirai, Iron, Original equipment manufacturer, BEV, Methanol, DRI, Ammonia, Physics, Toyota, FCEV, Renewable energy

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.