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Electric Commercial Vehicle Market Size is Projected to Reach USD 178,560 Million by 2026 at CAGR 8.3% | Valuates Reports

BANGALORE, India, Dec. 21, 2020 /PRNewswire/ — The Electric Commercial Vehicle Market is Segmented by Type  (Bus, Truck, Pick-Up Truck, Van, Others), Application (Commercial, Private), Key Vendors and Regional Growth: Global Opportunity Analysis and Industry Forecast, 2021–2026. This report is published on <a target="_blank"…

BANGALORE, India, Dec. 21, 2020 /PRNewswire/ — The Electric Commercial Vehicle Market is Segmented by Type  (Bus, Truck, Pick-Up Truck, Van, Others), Application (Commercial, Private), Key Vendors and Regional Growth: Global Opportunity Analysis and Industry Forecast, 2021–2026. This report is published on Valuates Reports in the Auto & Vehicles category.

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The global Electric Commercial Vehicle market size is projected to reach USD 178,560 Million by 2026, from USD 11,0540 Million in 2020, at a CAGR of 8.3% during 2021-2026.

Major factors driving the growth of the Electric Commercial Vehicle Market size are increasing electrification of public transport fleets, stringent government regulations, and advancements in battery pack technologies and electric powertrains.

This report focuses on Electric Commercial Vehicle volume and value at the global level, regional level, and company level. From a global perspective, this report represents the overall Electric Commercial Vehicle market size by analyzing historical data and prospects.

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TRENDS INFLUENCING THE ELECTRIC COMMERCIAL VEHICLE MARKET SIZE

Increasing demand for emission-free commercial vehicles and the rising adoption of electric vehicles in the logistics industry is expected to drive the growth of the electric commercial vehicle market size. Several governments around the globe have initiated programs, such as the use of electric buses and vans, to make their urban public transit system more sustainable and fuel-efficient. The introduction of electric buses is expected to transform public transit by improving air quality, lowering noise levels, and rising fuel efficiency. The growing stringency of emission standards in many countries has forced manufacturers to implement electrical technology.

Factors such as an increase in emissions and environmental risks, strict government legislation, and tough competition have driven automotive OEMs to make cars fuel-efficient and environmentally sustainable. In this pursuit, automotive OEMs and component manufacturers are finding ways to build and design commercial vehicles that can meet both fuel efficiency and vehicle emissions requirements. This in turn is expected to drive the growth of the Electric Commercial Vehicle Market size.

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ELECTRIC COMMERCIAL VEHICLE MARKET SHARE ANALYSIS

North America is expected to hold the largest Electric Commercial Vehicle market share during the forecast period. North America is a fast-growing market for electric commercial vehicles. The area has seen a rise in demand for low-emission and fuel-efficient vehicles due to strict emission standards and the increasing logistics sector. The demand in the US is expected to rise rapidly due to the high acceptance of electric vans and the large order of electric pick-up trucks.

Europe is also expected to see significant growth during the forecast period due to government incentives and the presence of supporting infrastructures, such as free charging stations.

Asia-Pacific is expected to witness the highest growth during the forecast period. This rapid growth of the region is attributed to the growing need to reduce the level of pollution. Moreover, it is anticipated that South Korea and Japan will invest heavily in the creation of the infrastructure required, such as charging stations, to support market growth.

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ELECTRIC COMMERCIAL VEHICLE MARKET SEGMENTATION

Electric Commercial Vehicle Market by Type

  • Bus
  • Truck
  • Pick-Up Truck
  • Van

Electric Commercial Vehicle Market by Application

  • Commercial
  • Private

Electric Commercial Vehicle Market by Regions/Countries, the Product can be split into

  • North America
  • Europe
  • China
  • Japan
  • Southeast Asia
  • India
  • Central & South America

Major Key Vendors

Tesla, Nissan, BYD, Daimler, ProterrA, LG Chem, Samsung, SDi, Panasonic, Delphi, ABB, Continental, Siemens, Mitsubishi Electric, Toshiba, Ballard Power Systems, Hydrogenics, ITM Power, Ceres Power, Plug Power, Nedstack, NuverA, AFCc, Toyota, Honda, Hyundai, Others.

«We can also add the other companies as you want»

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–  Electric Vehicle Market

The global electric vehicle market size was valued at USD 162.34 Billion in 2019 and is projected to reach USD 802.81 Billion by 2027, registering a CAGR of 22.6%. 

Major factors driving the growth of electric vehicle market size are an increase in demand for fuel-efficient, high-performance, and low-emission vehicles along with stringent government rules and regulations toward vehicle emission.

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Global Electric Bus Market size to grow from USD 88,632.45 Million in 2018 to USD 183,269.78 Million by 2025, at a Compound Annual Growth Rate (CAGR) of 10.93%.

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Measures such as closing factories, dealerships, offices, resulting in the dismissal of short-time workers, and fear of recession that are politically enforced to contain the virus are anticipated to lead to a significant decline in sales of new vehicles. These factors are anticipated to significantly impact the electric truck market.

–  Wireless Electric Vehicle Charging Market

The global wireless electric vehicle charging market size was valued at USD 7.6 Million in 2019 and is projected to reach USD 210.1 Million by 2030, registering a CAGR of 36.4% from 2020 to 2030.

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The global lithium-ion battery Market size was valued USD 36.7 Billion in 2019 and is projected to hit USD 129.3 Billion by 2027, at a CAGR of 18.0% from 2020 to 2027

The demand for Li-ion batteries in the automobile industry is expected to drive the Lithium-Ion Battery Market size growth. These batteries have gained popularity among automobile manufacturers as they offer an alternative to nickel-metal batteries used in electric vehicles due to their small size and lightweight.

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Unipart Logistics gets highest rating ever for environment programme

OXFORD, England, Dec. 21, 2020 /PRNewswire/ — Unipart Logistics has achieved a five-star rating from the British Safety Council for its commitment to environmental sustainability. It scored over 95% in the British Safety Council Five Star Environmental Sustainability Audit – its highest ever rating.

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OXFORD, England, Dec. 21, 2020 /PRNewswire/ — Unipart Logistics has achieved a five-star rating from the British Safety Council for its commitment to environmental sustainability. It scored over 95% in the British Safety Council Five Star Environmental Sustainability Audit – its highest ever rating.

The British Safety Council Five Star Environmental Audit is an internationally recognised audit process used by leading organisations to compare their environmental performance against best practice and current trends.

It provides an external, independent assessment of the environmental sustainability management systems and the effectiveness of their implementation at strategic, tactical and operational levels.

The report stated that Unipart Logistics is «undoubtedly committed to the long-term strategy and demonstrated their ongoing commitment to sustainability improvement programmes.»

Auditors cited the strength of Unipart Logistics’ overall working culture saying it has led to ongoing environmental and sustainability improvement programmes, and said that «Unipart Logistics has excellent standards, which are at best practice in many areas.»

Elimination of single use plastic has been a strong focus for Unipart Logistics. Over 260 tonnes of single use plastic have been removed from its supply chains. That includes over 400,000 plastic cups and 32,500 plastic bottles that were replaced with reusable items.

Unipart Logistics also achieved continued reduction of CO2 emissions and water consumption, and Unipart teams have worked with suppliers to implement sustainable packaging solutions. This included recycling incoming waste material such as cardboard as packaging. Unipart Logistics achieved a 97% target for recycled waste ensuring that no waste is sent to landfill.

An important element of Unipart Logistics’ sustainability programme is its continued focus on sustainability in employee engagement programmes. Unipart achieved some of its highest employee engagement scores in its 2020 survey in which continued training plays a pivotal role.

Environmental sustainability has been embedded across all internal training programmes, and environmental coordinators receive ongoing personal development including ISO14001 auditor training and IEMA Environmental Management training.

Training is supported by a wide range of communication programmes including environmental webinars, roadshows for National Recycling and World Environment days, regular project updates and news items on internal news channels. ‘Green Teams’ have been established in all sites to promote and support sites with sustainable solutions.

Unipart’s unique Digital Communication Cells have been central to sharing sustainability best practice across the company.

Digital Communication Cells are powerful information portals that provide teams with up-to-the minute business data vital for day-to-day activity. They make it possible for teams to meet virtually anywhere across the globe, and review performance data in real time, working together to solve problems, and access important news and information.

Unipart Logistics Operations Director Andy Pyne said the five-star rating can be attributed to the many Unipart employees who have worked in problem solving teams using the tools and techniques of The Unipart Way to find innovative solutions to environmental problems.

«Across Unipart Group, the culture of working together to solve problems, share ideas and develop innovative solutions has been an important platform for our environmental sustainability programme. Although the pandemic has changed the way in which we’re working on sites, and kept others working from home, the strength of that culture has continued,» he said.

«We’ve benefitted from the use of digital tools such as the Digital Communication Cell which enabled teams to stay in contact regardless of where they are in the world and to share data in real time. That’s been particularly relevant in terms of our environmental sustainability in that great ideas developed in one site can be shared and implemented very quickly across the organisation globally.

«It is a tribute to our people that, during a time when they have dealt with such fast-paced change and adaptation to stay safe, they have continued to focus on improving environmental sustainability and delivering the outstanding results that have been recognised in this audit.»

Contact Details:
Alistair Drummond
alistair.drummond@unipart.com
tel: +44 (0)186-538-3068

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Nexteer Recognized in Newsweek’s List of America’s Most Responsible Companies 2021

AUBURN HILLS, Mich., Dec. 17, 2020 /PRNewswire/ — For the second year in a row, Nexteer Automotive has been named to Newsweek Magazine’s List of America’s Most Responsible Companies. Newsweek and Statista Inc. identified the top 400 most responsible companies based on research of publicly available key performance indicators in the environmental, social and corporate governance (ESG) categories, as well as an independent survey.

«Nexteer is proud to be recognized by Newsweek…

AUBURN HILLS, Mich., Dec. 17, 2020 /PRNewswire/ — For the second year in a row, Nexteer Automotive has been named to Newsweek Magazine’s List of America’s Most Responsible Companies. Newsweek and Statista Inc. identified the top 400 most responsible companies based on research of publicly available key performance indicators in the environmental, social and corporate governance (ESG) categories, as well as an independent survey.

«Nexteer is proud to be recognized by Newsweek as one of America’s Most Responsible Companies for a second straight year,» said Tao Liu, president and chief operating officer, Nexteer Automotive. «In this unprecedented year of 2020, sustainability plays a pivotal role – enabling us to navigate through the COVID-19 environment with a broader, deeper sense of safety and corporate social responsibility.»

«Looking ahead, we continue to integrate a sustainability mindset into our global business strategies and operationalize through our three-tier governance structure to advance ESG efforts for our stakeholders,» added Liu, who also chairs Nexteer’s sustainability steering committee.

To learn more about Nexteer’s overall sustainability efforts, please visit the Company’s 2019 Sustainability (ESG) Report. Nexteer’s sustainability framework covers five key focus areas: Business Ethics; Supply Chain; Environment, Health and Safety; Community; and Value Creation.

To view the full list of America’s Most Responsible Companies 2021, please visit the Newsweek website.

ABOUT NEXTEER

Nexteer Automotive (HK 1316), a global leader in intuitive motion control, is a multi-billion dollar global steering and driveline business delivering electric and hydraulic power steering systems, steering columns, driveline systems, as well as advanced driver assistance systems (ADAS) and automated driving enabling technologies for original equipment manufacturers (OEMs). The company has 27 manufacturing plants, four technical and software centers and 13 customer service centers strategically located in North and South America, Europe, Asia and Africa. The company serves more than 60 customers in every major region of the world including BMW, Fiat Chrysler, Ford, GM, PSA Groupe, Toyota and VW, as well as automakers in India and China. www.nexteer.com

Link to Nexteer Media Center 

Quectel collaborates with Qualcomm to bring smart connectivity to Hongqi E-HS9 Vehicles

SHANGHAI, Dec. 18, 2020 /PRNewswire/ — Quectel Wireless Solutions has announced the company is collaborating with Qualcomm Technologies, Inc. to support intelligent connectivity in Hongqi’s E-HS9 vehicles, which now feature the Quectel AG15 module integrated with the Qualcomm® 9150 Cellular Vehicle-to-Everything (C-V2X) chipset solution. The new Hongqi E-HS9, a full-size intelligent electric sports utility vehicle…

SHANGHAI, Dec. 18, 2020 /PRNewswire/ — Quectel Wireless Solutions has announced the company is collaborating with Qualcomm Technologies, Inc. to support intelligent connectivity in Hongqi’s E-HS9 vehicles, which now feature the Quectel AG15 module integrated with the Qualcomm® 9150 Cellular Vehicle-to-Everything (C-V2X) chipset solution. The new Hongqi E-HS9, a full-size intelligent electric sports utility vehicle (SUV), is the first commercialized production vehicle to feature LTE-V2X technology and to achieve 100% validation of driving assistance warnings in multiple LTE-V2X communication scenarios.

Additionally, the Hongqi E-HS9, recently unveiled by FAW Group to go on sale in China and Europe, utilizes dead reckoning and high-precision fusion positioning technologies supported by Quectel’s LTE automotive-grade AG35 module, so the vehicle can achieve sub meter high-precision positioning. This will bring better safety and enhanced driving experiences to connected vehicles and improve traffic efficiency.

Also known as C-V2X across the globe, LTE-V2X is a global solution for V2X communications. It is designed to support improved automotive safety, traffic efficiency, and automated driving using high performance real-time direct communication between vehicles, and roadside infrastructure.

To assess its intelligent connectivity capabilities, the Hongqi E-HS9 was tested under the L3 autonomous driving mode over multiple V2X use cases including: Forward Collision Warning (FCW), Blind Spot Warning/Lane Change Warning (BSW/LCW) and Intersection Collision Warning (ICW). The pass rate of 100% has validated the robustness of the C-V2X technology.

The production of Hongqi’s E-HS9 vehicles marks a significant step forward in the global commercial use of the C-V2X because it brings the technology to market in a mainstream model deployed in multiple regions. Quectel is supporting auto-makers in their roll-outs of new C-V2X enabled vehicles with integration of its C-V2X modules into the next generation of vehicles. More vehicles are being developed using the technology, demonstrating that C-V2X is the automotive standard for smart connectivity.

https://www.quectel.com/infocenter/news/quectel-collaborates-with-qualcomm-to-bring-smart-connectivity-to-hongqi-ehs9-vehicles.htm

About Quectel

Quectel’s passion for a smarter world drives us to accelerate IoT innovation. A highly customer-centric organization, we create superior cellular and GNSS modules backed by outstanding support and services. Our growing global team of more than 2200 professionals, the largest in the IoT modules industry worldwide, ensures we are first to market and continue to set the pace of development. Listed on the Shanghai Stock Exchange, our international leadership is devoted to advancing IoT across the globe.

Visit Quectel’s website, LinkedIn, Facebook and Twitter pages.

Ashley Liu
media@quectel.com

ANPR System Market worth $3.8 billion by 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, Dec. 17, 2020 /PRNewswire/ — According to the new market research report «ANPR System Market with COVID-19 Impact Analysis by Type (Fixed, Mobile, Portable), Application (Traffic Management, Law Enforcement, Electronic Toll Collection, Parking Management, Access Control), Component, and Geography – Global Forecast to 2025″, published by MarketsandMarkets™, the ANPR System Market is expected to grow from USD 2.3 billion in 2020 to <span…

CHICAGO, Dec. 17, 2020 /PRNewswire/ — According to the new market research report «ANPR System Market with COVID-19 Impact Analysis by Type (Fixed, Mobile, Portable), Application (Traffic Management, Law Enforcement, Electronic Toll Collection, Parking Management, Access Control), Component, and Geography – Global Forecast to 2025″, published by MarketsandMarkets™, the ANPR System Market is expected to grow from USD 2.3 billion in 2020 to USD 3.8 billion by 2025, at a CAGR of 10.0%. The market growth can be attributed to several factors, such as the deployment of ANPR systems in security and surveillance, and traffic enforcement applications, infrastructure growth in emerging economies, increasing allocation of funds by various governments for ITS, and so on.

MarketsandMarkets

Ask for PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=140920103

Fixed ANPR systems to account for the largest share of ANPR system market by 2025

Based on the type, the ANPR system market has been divided into fixed, mobile, and portable. Fixed ANPR system held the highest share in 2019. The market growth can be attributed to the increasing demand for fixed ANPR systems for various applications, such as traffic management and toll collection.  Mobile ANPR systems are widely used in police and law enforcement agencies to ensure proper security and surveillance.

Traffic management application to dominate the market during forecast period

On the basis of applications, the market is categorized into traffic management, law enforcement, electronic toll collection, parking management, and access control. The increasing adoption of vehicles and stringent government regulations for implementing electronic toll collection systems is driving the growth of the ANPR system market.

Browse in-depth TOC on «ANPR System Market«

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Europe is leading the market for ANPR system in 2019

Europe held the largest share in the ANPR system market in 2019. In Europe, ANPR systems are widely used for law enforcement applications. The increasing government initiatives pertaining to the adoption of ITS and the growing population in this region are driving the need for an efficient transportation system, which, in turn, is fueling the growth of the ANPR system market.

Some of the key companies operating in the market are Kapsch TrafficCom AG (Austria), Conduent, Inc. (US), Q-Free ASA (Norway), Siemens AG (Germany), Genetec Inc. (Canada), and so on.

Related Reports:

Intelligent Transportation System Market with COVID-19 Impact Analysis by Offering, System (Advanced Traffic Management System, ITS-Enabled Transportation Pricing System, and Others), Application, and Geography – Global Forecast to 2025

Electronic Toll Collection Market with COVID-19 Impact Analysis by Technology (RFID, DSRC, ANPR/ALPR, and Satellite-Based), Offering (Hardware, and Back Office and Other Services), Application, Type, and Region – Global Forecast to 2025

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the «Growth Engagement Model – GEM». The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write «Attack, avoid and defend» strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, «Knowledge Store» connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Drivers Hit the Road with Lassa Snoways 4 in Heavy Winter Conditions

Snoways 4, Lassa’s new generation winter tire, is ready to hit the roads for a solid performance and safe driving whatever the conditions. Lassa Snoways 4, with proven success in tests carried out in the criteria of handling, braking and aquaplaning in winter conditions, is also greatly appreciated by the drivers for its increased wear life.

ISTANBUL, Dec. 17, 2020 /PRNewswire/ — Under its Lassa brand, Brisa presents its new pattern design Snoways 4 for drivers who prefer to…

Snoways 4, Lassa’s new generation winter tire, is ready to hit the roads for a solid performance and safe driving whatever the conditions. Lassa Snoways 4, with proven success in tests carried out in the criteria of handling, braking and aquaplaning in winter conditions, is also greatly appreciated by the drivers for its increased wear life.

ISTANBUL, Dec. 17, 2020 /PRNewswire/ — Under its Lassa brand, Brisa presents its new pattern design Snoways 4 for drivers who prefer to travel without compromising on durability, safety and high performance in harsh winter road conditions. Lassa Snoways 4 winter tires stand out for both increased wear life and performance in wet, snowy and dry conditions.

Drivers Hit the Road with Lassa Snoways 4 in Heavy Winter Conditions

Having proven its success in TUV SUD tests, Lassa Snoways 4 delivers superior performance compared to its competitors in wet braking, aquaplaning and lateral wet grip without compromising on its snow and dry driving performance. Thanks to the new pattern structure with multiple inclined grooves and three-dimensional sipes, it now offers greater wet and snow performance compared to previous pattern designs.

With its reinforced shoulder structure, this new generation tire, which has improved resistance against cuts & chippings and increased wear life, has a modified pattern of wide dimensions to prevent aquaplaning. With the addition of Snoways 4’s 58 sizes of up to 20-inch, Lassa achieves 93% coverage of European lamellen winter tyres market.

Lassa Snoways 4 challenges the winter worldwide

Lassa Snoways 4, which is the choice of drivers who prefer safety and peace of mind driving in winter conditions, hit the roads in various markets; from Russia to Ukraine, from Finland to Germany.

Lassa Snoways 4 is developed by considering the road conditions of target countries, as well as consumer driving habits and customer expectations, and continues to enjoy sustainable success in international markets,

Lassa Snoways 4 – New Generation Winter Tyre: https://www.youtube.com/watch?v=uBnitk5Hv20 

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Frost & Sullivan Recognizes Gogoro with the 2020 Global Company of the Year Award for the Swappable Battery Electric Scooter Market

With 135 million total battery swaps, Gogoro demonstrates its world-leading battery swapping system at an incredible scale, and with a growing program of five vehicle maker partners, Gogoro is extending its Gogoro Network Battery Swapping to more vehicles and markets

SANTA CLARA, Calif., Dec. 16, 2020 /PRNewswire/ — Based on its recent analysis of the global swappable battery electric scooter market, Frost & Sullivan announced today it is recognizing <span…

With 135 million total battery swaps, Gogoro demonstrates its world-leading battery swapping system at an incredible scale, and with a growing program of five vehicle maker partners, Gogoro is extending its Gogoro Network Battery Swapping to more vehicles and markets

SANTA CLARA, Calif., Dec. 16, 2020 /PRNewswire/ — Based on its recent analysis of the global swappable battery electric scooter market, Frost & Sullivan announced today it is recognizing Taiwan-based Gogoro with the 2020 Global Company of the Year Award for its Gogoro Network™. Gogoro Network is an intelligent energy platform that combines the power of connectivity, artificial intelligence, and machine learning to create a new generation of swappable refueling that is smart, scalable, and continually optimizing itself.

Gogoro has grown from 70 GoStations® in 2015 to nearly 2,000 stations in 2020, accessed by nearly 360,000 customers every month. Gogoro strategically places these stations every 500 meters in places such as malls, convenience stores, parking structures, and coffee shops. It has established consumer battery swapping on a mass scale, performing 265,000 battery swaps each day (135 million to date). It demonstrates that its business model is viable and practical.

«The company expects to build the service out in several cities outside of Taiwan,» said Vishwas Shankar, Research Director at Frost & Sullivan. «As a testament to its success with GoStations®, its vehicles, and the overall Gogoro Network, the company’s ridership developed their own community, forming multiple forums and networks and becoming ambassadors for climate change and clean energy transportation. All this comes together via the innovative Gogoro Network™, which utilizes cloud computing to connect to GoStations™, battery swapping stations designed to exchange used batteries for charged ones.»

In a typical usage scenario, a customer rides up to a GoStation®, places used batteries in the two open slots, and six seconds later, receives pre-charged batteries in exchange. In those six seconds, the GoStation® authenticates the owner and performs a vehicle diagnostic to ensure safety. Gogoro maintains ownership of the batteries to reduce costs for customers and provide frequent upgrades.

«The ‘Powered by Gogoro Network’ program has extended Gogoro’s leading battery swapping system to a growing number of vehicle makers that include Yamaha, PGO, Aeon Motor, Tai Ling Industry and eMOVING,» noted Jeffrey Castilla, Best Practices Research Team Leader at Frost & Sullivan. «With its vision for increasing sustainability through mobility, Gogoro is steadily achieving its goal of enabling the large-scale transition from fossil fuels to sustainable energy.»

Each year, Frost & Sullivan presents a Company of the Year award to the organization that demonstrates excellence in growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies and the resulting leadership in customer value and market penetration.

Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan
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About Gogoro Inc.
Founded in 2011, Gogoro is putting energy into things that matter. With a mission to deliver consumer innovations through an intelligent urban ecosystem that will improve how the world’s most populated cities distribute and utilize energy, the company is enabling the transformation of megacities into smart cities. Gogoro is working toward a better future by putting power in the hands of everyone – to move us all forward, faster. For more information, visit www.gogoro.com/press.

 

Ottopia was selected as one of the most suitable solutions to be integrated into L4 autonomous vehicles with a leading German OEM

Ottopia’s Teleoperation platform has been evaluated by leading automotive players and was recently selected by the BMW Group as a preferred multi SIM teleoperation technology to support autonomous driving services

TEL AVIV, Israel, Dec. 16, 2020 /PRNewswire/ — Teleoperation is the ability to control a vehicle or machine remotely. Imagine a human sitting in a control center, she is guiding an autonomous vehicle on how to overcome an obstacle such as a double-parked car. More generally, when…

Ottopia’s Teleoperation platform has been evaluated by leading automotive players and was recently selected by the BMW Group as a preferred multi SIM teleoperation technology to support autonomous driving services

TEL AVIV, Israel, Dec. 16, 2020 /PRNewswire/ — Teleoperation is the ability to control a vehicle or machine remotely. Imagine a human sitting in a control center, she is guiding an autonomous vehicle on how to overcome an obstacle such as a double-parked car. More generally, when a self-driving vehicle isn’t entirely sure what to do, it can stop and call for remote human assistance.

In recent years there’s growing consensus that teleoperation is a critical enabler for the deployment of self-driving vehicles on public roads. There’s also increasing regulation across the globe that allow or even mandate self-driving vehicles to be teleoperation-enabled.

Founded in 2018, Ottopia has been developing an AI-based teleoperation platform to meet the standards of the automotive industry. Ottopia’s patent-pending technology enables continuous data transfer to and from a moving vehicle, with minimal delay and using minimal bandwidth. Ottopia’s software platform leverages artificial intelligence that predicts the quality of each cellular carrier along the vehicle’s route, utilizing the best performing networks at every moment, while compressing the data in real-time to always fit the network capacity.

Over the course of several months, Ottopia’s solution had been put to the test on public roads while using public LTE networks on an autonomous BMW Group vehicle. The test included transferring 360 degrees High Definition video from a moving vehicle to a control center located at the BMW Group´s Autonomous Driving Campus in Unterschleißheim, and measuring multiple performance metrics such as delay and video quality.

Many performance metrics have been recorded and analyzed for On-Demand Mobility Services for Autonomous Driving.

Amit Rosenzweig, founder and CEO of Ottopia, commented: «We are happy that Ottopia’s technology was evaluated by a company that epitomizes quality. It’s been a real pleasure working closely with the BMW Group team.»

For more information contact:
Amit Rosenzweig 
CEO 
info@ottopia.tech

VisIC unveils new 8mOhm power switch for EV Inverters

Designed for EV, the high power D3GaN 8mOhm product for high voltage and high current Inverter applications brings higher efficiency and smaller size

– Low Ron power GaN switch based on D3GaN technology for the EV market

– The new solution designed specifically for the EV Inverter application

NESS ZIONA, Israel, Dec. 16, 2020 /PRNewswire/ — VisIC Technologies Ltd., a global leader in gallium nitride (GaN) devices…

Designed for EV, the high power D3GaN 8mOhm product for high voltage and high current Inverter applications brings higher efficiency and smaller size

– Low Ron power GaN switch based on D3GaN technology for the EV market

– The new solution designed specifically for the EV Inverter application

NESS ZIONA, Israel, Dec. 16, 2020 /PRNewswire/ — VisIC Technologies Ltd., a global leader in gallium nitride (GaN) devices for automotive high-voltage applications, is proud to announce its new low resistance product for EV Inverter application that will improve efficiency and manufacturing cost of electric cars. The new 8mOhm product is another step in the ongoing effort to support our customers and improve the power conversion systems. 

8mOhm D3GaN Power Switch

«The V8 product doubles the current capabilities and reduces resistance by a factor of 2.5 times over the previous generation of VisIC product. This will allow our customers to improve their inverter systems to be more efficient in size, power, and cost for the target EV market.» said Mr. Ran Soffer, VisIC SVP Sales & Marketing. «The V8 product is another step in our long-term effort to provide a better solution based on our D3GaN technology. The work on the new product is done in close collaboration with our leading customers to bring meaningful improvement to the electric drive system which is the heart of the Electrical Vehicle. The higher power density can also be achieved in high-power traction invertors», added Mr. Ran Soffer.

The new product is rated at 8mΩ, 650V, 200Amp and provides significantly lower switching losses versus comparable IGBT or SiC devices for the same current range. Customers can integrate the new die into both discrete packages and power modules with a variety of interconnect options. This new technology enables power loss savings particularly in drive cycle tests for high current Electric Vehicle inverter systems.

The challenge of manufacturing a single die with a high current is a known challenge for wide band gap technologies (WBG), such as SiC and GaN, vs ubiquitous Silicon dies. The breakthrough of 200A GaN dies has been made possible due to the thoughtful design of the D3GaN platform and manufacturing excellence of TSMC, the manufacturing partner of VisIC company. This breakthrough will enable Electric Vehicles to benefit from the high-efficiency technology of GaN. This will lead to more cost-effective EV cars, for a greener and cleaner planet.

This press release and further information can be found at www.visic-tech.com

About VisIC Technologies Ltd.

VisIC Technologies is a world leader in GaN electronics for xEV applications, focused on high-power automotive solutions. Its efficient and scalable products are based on deep technological knowledge of gallium-nitride and decades of experience. VisIC is committed to providing a step function improvement in terms of size and cost of energy conversion systems and is dedicated to high-quality customer support at all development phases. VisIC offers high power transistor products based upon compound semiconductor Gallium Nitride (GaN) material aiming to provide products for cost-effective and high-performance automotive inverter systems.

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Geared Motors Market Size to Reach Revenues of around USD 27 Billion by 2026 – Arizton

CHICAGO, Dec. 15, 2020 /PRNewswire/ — In-depth analysis and data-driven insights on the impact of COVID-19 included in this global geared motors market report.

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The global <a target="_blank"…

CHICAGO, Dec. 15, 2020 /PRNewswire/ — In-depth analysis and data-driven insights on the impact of COVID-19 included in this global geared motors market report.

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The global geared motors market is expected to grow at a CAGR of approximately 5% during the period 2020−2026.

Key Highlights Offered in the Report:  

1.  The end-user demand is expected to slow down in 2020 on account of the COVID-19 pandemic. The severe downturn in the economies of major countries impacted the market in H1 2020 and is expected to have an impact on operations in the manufacturing sector until H1 2021.

2.  The automotive, power generation, oil & gas, and metal & mining industries, in particular, are dependent on the economic growth of the country/region and can witness fluctuating demand for geared motors.

3.  Markets such as APAC and Latin America are expected to witness the highest CAGR, estimated to be over 6% and 4%, respectively during the forecast period. This is mostly attributed to increasing investments by developed countries, favorable government policies and FDI, and shifting focus on domestic manufacturing.

4.  China is expected to grow at the highest CAGR during the forecast period owing to presence of a huge population pool, industrial establishments, growing economy, and increasing industrial expenditures.

5.  In terms of end-users, the F&B industry is expected to generate the highest demand for geared motors and is anticipated to further dominate the market during the forecast period.

6.  Helical geared motors account for the highest share in the geared motors market however, owing to their high efficiency and high load capacity, planetary geared motors are expected to exhibit the highest CAGR during the forecast period.

7.  AC geared motors are estimated to hold the highest share in the geared motors market and is anticipated to witness higher growth than the DC motors segment due to high cost of brushed DC motors.

Key Offerings:

  • Market Size & Forecast by Revenue | 2020−2026
  • Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
  • Market Segmentation – A detailed analysis by gear, motor, sales channel, rated power, end-user, and geography
  • Competitive Landscape – 9 key vendors and 8 other vendors

Get your sample today! https://www.arizton.com/market-reports/geared-motors-market 

Geared Motors Market – Segmentation

  • Capable to handle high-pressure loads and long-lasting performance are increasing the application of helical gearboxes. In 2020, helical geared motors held the highest market share as they last longer than others. They are projected to dominate the market during the forecast period.
  • High trust levels and traceability are the major factors responsible for direct geared motor sales. The increasing demand for interconnectedness between consumers and businesses for reliability across the globe is also boosting the direct selling of geared motors.
  • The rise in automation in several industrial processes and the high application of electric AC motors in various end-users such as healthcare, F&B, automotive, and other industries are likely to drive the market. The geared motors market growth is accelerated by the increasing use of electric AC motors in infrastructure and construction projects, especially in developing economies, which is likely to increase influence growth prospects of the segment.

Geared Motors Market by Motor Type

  • AC 
  • DC 

Geared Motors Market by Sales Channel

  • Direct Sales
  • Indirect Sales

Geared Motors Market by Gear Type

  • Helical
  • Planetary 
  • Helical-Bevel Gear
  • Worm 
  • Others

Geared Motors Market by Rated Power

  • Up to 7.5 kW
  • 7.5 kW–75 kW
  • Above 75 kW

Geared Motors Market by End-user

  • Food & Beverages
  • Automotive
  • Metal & Mining
  • Chemicals
  • Material Handling
  • Oil & Gas
  • Packaging
  • Cements
  • Marine
  • Others

Geared Motors Market – Dynamics

The agriculture industry, the producer of the basic commodity, i.e., food, is expected to grow exponentially during the forecast period owing to the rising population and increasing demand for quality and organic food. Moreover, rising technological adoption, machines, and equipment in the industry are expected to drive the demand for geared motors. India is one of the largest manufacturers of farm equipment such as tractors, harvesters, and tillers. This reflects the high demand opportunity for geared motors in the country. Moreover, the demand for wood for furniture production also boosts timber production. Therefore, the demand from the agriculture and forestry industry is expected to boost the demand for geared motors during the forecast period.

Key Drivers and Trends fueling Market Growth:

  • Emergence of Magnetic Gearboxes
  • Increasing Wind Power Installations
  • Infrastructural Development in Emerging Countries
  • Rise in Automation Expenditure

Geared Motors Market – Geography

APAC accounts for the highest share of the global geared market in 2020 and is expected to grow at a significant rate further. The major factors driving the demand for geared motors in the region are rapid urbanization and industrialization in the region. The presence of some developed countries, along with some other fastest-growing countries, demand for geared motor from all end-user industries contributes to the demand for geared motors.  Owing to continuous automation in the industrial sector in several APAC countries, activities such as manufacturing, construction, and power generation, and mining are significantly increasing. Moreover, investment and expansion in emerging nations in APAC are some of the key strategies of several vendors. Hence, as a result, the sales of geared motors in the region are expected to rise during the forecast period further.

Get your sample today! https://www.arizton.com/market-reports/geared-motors-market 

Geared Motors Market by Geography

  • North America 
    • US 
    • Canada 
  • Europe 
    • UK 
    • Germany 
    • France 
    • Italy 
    • Spain 
  • APAC 
    • China 
    • Japan 
    • South Korea 
    • Australia 
    • India 
  • Latin America 
    • Brazil 
    • Mexico 
    • Chile 
    • Rest of Latin America 
  • Middle East & Africa 
    • Saudi Arabia 
    • Turkey
    • Rest of Middle Eastern Countries 

Major Vendors

  • ABB
  • Eaton
  • Johnson Electric
  • Mitsubishi
  • Nidec Corporation
  • Regal Beloit Corporation
  • Siemens
  • Sumitomo Heavy Industries
  • WEG

Other Prominent Vendors 

  • Bauer Gear Motor
  • Bison Gear & Engineering
  • Bonfiglioli
  • Dana Brevini Power Transmission
  • Groschopp
  • Sew-Eurodrive
  • Teco Electric Company
  • Varvel Group

Explore our industrial machinery profile to know more about the industry.

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About Arizton:

Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

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