Categoría: Hispanicmotorpress

Electric Powertrain Market Size Worth $38.16 Billion by 2027 | CAGR: 13.6%: Grand View Research, Inc.

SAN FRANCISCO, July 2, 2020 /PRNewswire/ — The global electric powertrain market size is expected to reach USD 38.16 billion by 2027, expanding at a CAGR of 13.6% from 2020 to 2027, according to a new…

SAN FRANCISCO, July 2, 2020 /PRNewswire/ — The global electric powertrain market size is expected to reach USD 38.16 billion by 2027, expanding at a CAGR of 13.6% from 2020 to 2027, according to a new report by Grand View Research, Inc. The market for the plug-in hybrid and pure electric vehicles has been growing at a significant rate, generating a high demand for automotive electric powertrains in the market. Initiatives taken by governments of various countries to promote the manufacturing of Electric Vehicles (EVs) is one of the key factors proliferating the demand for electric powertrain in the market. For instance, in 2019, the German government and auto manufacturers in the country approved to raise cash incentives under the «Environment Bonus» plan for electrically operated vehicles.

Grand View Research Logo

Increasing electric vehicle sales have compelled the prominent automotive component manufacturing companies to actively focus on catering the necessary EV components to gain a competitive advantage over other players. Companies have primarily shifted their focus on enhancing their manufacturing facilities in markets, such as Europe, China, and U.S. For instance, in February 2020, Nidec Corporation announced the investment of USD 1.8 billion to provide a push to electric vehicle powertrain business. The three new facilities in China, Poland, Mexico, would be able to deliver up to 8.4 million electric motors each year.

Key suggestions from the report:

  • By electric vehicle, the HEV/PHEVs electric vehicle segment is anticipated to register the highest CAGR of 14.0% over the forecast period owing to the more flexible option offered to its consumers as they are less concerned about recharging
  • Asia Pacific is expected to expand at the highest CAGR over the forecast period owing to increasing adoption of electric vehicles in countries, such as China and India
  • Key players operating in the market including BorgWarner, Bosch Limited, Magna International Inc.,ZF Friedrichshafen AG, and Schaeffler AG accounted for a majority market share in 2019.

Read 130 page research report with ToC on «Electric Powertrain Market Size, Share & Trends Analysis Report By Component (Battery, Motor, Power Electronics Controller), By Electric Vehicle (BEV, HEV/PHEV), By Region, And Segment Forecasts, 2020 – 2027» at: https://www.grandviewresearch.com/industry-analysis/electric-powertrain-market

The competition in the power electronics component market is high owing to the number of suppliers currently aiming to enter into the market to gain lucrative benefits. The OEMs are finding it difficult to earn profits since they need to replace an ICE powertrain with an electric powertrain, which is more costly. They would struggle to make profits with the power electronics component until they achieve significant sales. The companies are working together to achieve a competitive edge. For instance, in January 2020, GKN Automotive, an electric drivetrain specialist, announced a partnership with Delta Electronics, a thermal management solutions company. The partnership will enable the development and integration of new technologies for the new generation of e-drive systems.

The market in Asia Pacific is anticipated to grow at a significant pace during the forecast period owing to rise in demand for electric vehicles and growth in the per capita income of individuals in the region. The countries in Asia Pacific, such as China and India, are among the key producers of automobiles. Growth in the penetration of electric vehicles can be anticipated owing to increased stringency of emission norms in these countries, such as China VI and BS-VI in India, thereby fueling the regional market growth. However, the recent COVID-19 pandemic has interrupted the strong successive growth, which was achieved over the past decade. The pandemic has put the markets on hold and the world on lockdown. The transportation sector has been affected in multiple ways, with vehicle sales falling, factory shutdowns, and public transit use declining to disrupt automakers’ supply chains. Europe is a key market for electric powertrain with countries, such as Norway, Finland, Sweden, and Netherlands, having a much higher adoption of electric vehicles than in other countries. The region also holds a significant share of automotive production and the presence of several automotive OEMs is anticipated to propel the growth for the market.

Grand View Research has segmented the global electric powertrain market on the basis of component, electric vehicle, and region:

  • Electric Powertrain Component Outlook (Revenue, USD Billion, 2016 – 2027)
    • Motor/Generator
    • Battery
    • Power Electronics Controller
    • Converter
    • Transmission
    • On-board Charger
  • Electric Powertrain Electric Vehicle Outlook (Revenue, USD Billion, 2016 – 2027)
    • BEV
    • HEV/PHEV
  • Electric Powertrain Regional Outlook (Revenue, USD Billion, 2016 – 2027)
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • Norway
      • Sweden
      • Netherlands
    • Asia Pacific
      • China
      • India
      • Japan
    • Rest of the World
  • List of Key Players of Electric Powertrain Market:
    • BorgWarner
    • Bosch Limited
    • Mitsubishi Electric Corp
    • Magna International Inc.
    • Schaeffler AG
    • ZF Friedrichshafen AG
    • Valeo
    • Nidec Corporation
    • Continental AG
    • Magneti Marelli Ck Holdings

Find more research reports on Automotive & Transportation Industry, by Grand View Research:

  • Electric Vehicle Supply Equipment Market – The market is driven by development of charging equipment and infrastructure at various highway and destination locations such as hotels, shopping malls, and national parks.
  • Automotive Collision Repair Market – Technological advancements and subsequent development of innovative repair techniques are anticipated to boost the market.
  • Business Jet Market – The advent of new and technologically advanced aircraft models is expected to further fuel the growth.

Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: +1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com 
Web: https://www.grandviewresearch.com 
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg

Lear Recognized by General Motors as 2019 Supplier of the Year Winner

SOUTHFIELD, Mich., July 2, 2020 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, was named a GM Supplier of the Year by General Motors during a virtual ceremony honoring the recipients of the company’s 28th annual Supplier of the Year awards on Wednesday, June 24, 2020.

During the event, GM recognized 116 of its best suppliers from 15 countries that have consistently exceeded GM’s expectations, created…

SOUTHFIELD, Mich., July 2, 2020 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, was named a GM Supplier of the Year by General Motors during a virtual ceremony honoring the recipients of the company’s 28th annual Supplier of the Year awards on Wednesday, June 24, 2020.

During the event, GM recognized 116 of its best suppliers from 15 countries that have consistently exceeded GM’s expectations, created outstanding value or introduced innovations to the company. The awards ceremony was originally scheduled as a live-event to be held in March but was postponed due to the impact of the COVID-19 pandemic. The recognition is for supplier performance in the 2019 calendar year.

This is the 19th time Lear has been named a GM Supplier of the Year. As a winner in 2019, Lear’s Seating division exceeded GM’s targets for business performance and cultural priority metrics.

«Our suppliers play a key role in delivering the products, services and experiences our customers deserve — and these award-winning suppliers went above and beyond our expectations,» said Shilpan Amin, GM vice president, Global Purchasing and Supply Chain.

«We also believe it’s important at this point in time to thank our entire supply base for their efforts the last few months to mitigate the impacts of COVID-19,» added Amin. «Not only have we been able to safely restart our manufacturing operations, our suppliers played a key role in assisting our initiatives to increase the supply of ventilators and personal protection equipment (PPE) for frontline health care workers to help save lives and keep communities safe.»

The Supplier of the Year award winners were chosen by a global team of GM purchasing, engineering, quality, manufacturing and logistics executives. Winners were selected based on performance criteria in Product Purchasing, Global Purchasing and Manufacturing Services, Customer Care and Aftersales, and Logistics.

«As a company focused on exceeding our customers’ expectations, being chosen for this prestigious award from General Motors demonstrates our team’s inventive and results-focused culture,» said Ray Scott, Lear’s President and CEO. «Winning 19 times overall, including the last three years consecutively, is a great accomplishment, and I would like to thank Lear’s Seating team for their hard work and dedication to Making every drive better™ for our customers.»

About Lear Corporation

Lear, a global automotive technology leader in Seating and E-Systems, enables superior in-vehicle experiences for consumers around the world. Our diverse team of talented employees in 39 countries is driven by a commitment to innovation, operational excellence, and sustainability. Lear is Making every drive better™ by providing the technology for safer, smarter, and more comfortable journeys. Lear, headquartered in Southfield, Michigan, serves every major automaker in the world and ranks 166 on the Fortune 500.

General Motors (NYSE: GM) is a global company committed to delivering safer, better and more sustainable ways for people to get around. General Motors, its subsidiaries and its joint venture entities, sell vehicles under the Chevrolet, Buick, GMC, Cadillac, Holden, Baojun and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at http://www.gm.com.

LED High-beam Technology is the Future of Automotive Headlights in Europe

In the European lighting components aftermarket, halogen lamps are gradually being replaced as LED components yield growth, finds Frost & Sullivan

SANTA CLARA, California, July 1, 2020 /PRNewswire/ — Frost & Sullivan’s recent analysis, Growth Opportunity Evaluation in the European Lighting Components Aftermarket, 2020–2026, finds that the market is in a slow transition phase, shifting from traditional halogen lamps to Xenon and light-emitting diode (LED) components,…

In the European lighting components aftermarket, halogen lamps are gradually being replaced as LED components yield growth, finds Frost & Sullivan

SANTA CLARA, California, July 1, 2020 /PRNewswire/ — Frost & Sullivan’s recent analysis, Growth Opportunity Evaluation in the European Lighting Components Aftermarket, 2020–2026, finds that the market is in a slow transition phase, shifting from traditional halogen lamps to Xenon and light-emitting diode (LED) components, as Xenon/LED lights have better visibility and product life. The market is primarily driven by an increase in vehicles in operation (VIO), which is expected to rise from 306 million in 2020 to 335.9 million in 2026, growing at a compound annual growth rate (CAGR) of 1.6% by 2026 across the region. However, amid post-COVID-19 industry recovery, the lighting components aftermarket is expected to witness minimal short-term growth.

For further information on this analysis, please visit: http://frost.ly/45y

«The European Union’s directive requires all passenger cars to be equipped with automated headlights/daytime running light. This is boosting the replacement rates in the aftermarket,» said Guruswamy Veligandla, Mobility Research Analyst at Frost & Sullivan. «Additionally, poor battery performance and shortage in the electric wiring system in the car lead to the damage of lighting components, driving the upgrade of lighting components.

«Going forward, European lighting components will be equipped with connected and artificial intelligence (AI)-based technologies for the premium and luxurious vehicle segments. Further, LASER/LED high-beam technology will be the future of automotive headlights in the European region as high-beam technology has a better light range than LED.»

The European lighting components aftermarket will present growth opportunities for market participants, including:

  • Lighting components suppliers need to ensure comprehensive product coverage and availability with major wholesalers and retailers across the region, as well as provide quick and on-time service to customers to help customer retention.
  • Focus is on interior lighting, as new-generation vehicles come equipped with additional interior lighting components, such as LED ambient lighting, LED cabin lighting, and improved dashboard lighting in both original equipment and retro fitments.
  • Approximately 4% of the lighting components were sold through the eCommerce channel in 2019, which is forecast to substantially grow. Suppliers should focus on eRetail platforms to expand.
  • VIO is forecast to grow at a CAGR of 2.4% in the United Kingdom and 1.5% in Germany until 2026—higher than other countries. This will trigger high growth for the lighting components aftermarket in these two countries.

Growth Opportunity Evaluation in the European Lighting Components Aftermarket, 2020–2026 is the latest addition to Frost & Sullivan’s Mobility research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

About Frost & Sullivan

For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Growth Opportunity Evaluation in the European Lighting Components Aftermarket, 2020–2026
ME73-18

Media Contact:
Srihari Daivanayagam
Corporate Communications
M: +91 9742676194; P: +91 44 6681 4412
E: srihari.daivanayagam@frost.com

http://ww2.frost.com

 

Automotive Turbocharger Market Worth $18.4 Billion by 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, July 1, 2020 /PRNewswire/ –According to the new market research report «Automotive Turbocharger Market By Technology (VGT, Wastegate, Electric), Material (Cast Iron, Aluminum), Component, Fuel Type, Application (Agriculture, Construction), Vehicle (Passenger Car, LCV, Truck & Bus), Aftermarket, Region – Global Forecast To 2025«, published…

CHICAGO, July 1, 2020 /PRNewswire/ –According to the new market research report «Automotive Turbocharger Market By Technology (VGT, Wastegate, Electric), Material (Cast Iron, Aluminum), Component, Fuel Type, Application (Agriculture, Construction), Vehicle (Passenger Car, LCV, Truck & Bus), Aftermarket, Region – Global Forecast To 2025«, published by MarketsandMarkets™, the global Automotive Turbocharger Market size is projected to grow at a CAGR of 10.5% over the forecast period, to reach USD 18.4 billion by 2025 from USD 11.1 billion in 2020.

MarketsandMarkets_Logo

Factors such as decreased emission limits in new emission regulations, fuel shift towards gasoline passenger cars & especially towards GDI engines and focused technological advancements in electric turbocharger technology for mild-hybrid vehicles are projected to create a potential demand for automotive turbochargers in the coming years.

Browse in-depth TOC on «Automotive Turbocharger Market»

249 – Tables
62 – Figures
242 – Pages

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=919

The wastegate turbocharger type is estimated to hold the largest share in the market

Wastegate turbochargers are expected to hold the largest share (in terms of volume) in 2020, of the total turbochargers market. Wastegate turbochargers, being more economical than VGT type, Asia Oceania is estimated to showcase the most significant demand for this type of turbocharges, as the region prefers economic passenger cars (especially in countries such as China and India). However, the developed areas of the world are mostly using the advanced & comparatively expensive VGT type. Currently, the installation rate for VGT is lower in Asia. However, owing to its better efficiency (than wastegate turbos) and new emission regulations, which are expected to be introduced in India and China in the coming years, the demand for VGT is likely to increase in Asian countries post-2020.

Passenger car is estimated to be the fastest-growing segment in the Automotive Turbocharger Market

The passenger car segment is expected as the largest market for automotive turbochargers as it contributes to more than 50% of the global vehicle production. COVID-19 will have a major impact on the production of passenger cars in 2020. Passenger car production, which hit 74 million in 2019, will observe a decline of 15% in 2020. Efforts from various automakers to start vehicle production would help in a steady recovery post-2020. For instance, automakers in China, such as Volkswagen, Nissan, Hyundai, and Honda, have announced the reopening of their plants in the country. In Europe, Toyota, Volkswagen, and Audi have resumed operations.

According to ICCT, the turbocharger technology in the EU has increased the average passenger car engine power by 30% to 97 kW, and the engine displacement decreased by 7%, reducing the overall weight of the vehicles, and hence emissions. With a change in fuel type from diesel to gasoline and advancements in 48V mild-hybrid cars, the demand for gasoline and electric turbochargers is projected to grow in the passenger car segment in the coming years.

Asia Pacific: The region with the largest demand for automotive turbochargers

Asia Pacific countries such as China, Japan, South Korea, and India are the largest vehicle producers globally. These countries accounted for 49% of the global vehicle production in 2019. The global production of vehicles in 2020 will observe a 15% decline due to COVID-19. China, India, and Japan, which account for a large share of the global passenger car production, will observe a drop of 15%, 17%, and 14%, respectively, in 2020 as compared to 2019. Similarly, heavy commercial vehicle production in China (the largest production hub for these vehicles) will observe a decline of 21% in 2020 as compared to 2019. COVID-19 has resulted in a decrease in vehicle production. However, Asia Pacific continues to remain the largest vehicle producer globally. Considering the opening of manufacturing plants in China, global vehicle production would grow at a rate of 3.3% from 2020 to 2025.

Request FREE Sample Report:

https://www.marketsandmarkets.com/requestsampleNew.asp?id=919

Factors responsible for the steady growth of Automotive Turbocharger Market the post-2020 recovery of vehicle production are:

  • Stringent emission norms – China VI, with its limits lower than Euro VI set to be implemented in 2020, and India’s BS-VI standards set to be implemented in 2020 (skipping BS V norms).
  • The increasing popularity of TGDI – 50% of passenger cars are equipped with TGDI, and this rate estimated to grow further in the future. As per SIAM, India is also shifting toward gasoline vehicles with diesel vehicles share dropping to 19% from 50%, further fuelling the turbocharger market. Countries like Japan and South Korea have many of their passenger cars running on gasoline engines and are leading countries with an active market for wastegate turbochargers.
  • One of the essential drivers to consider is the growing production of mild hybrid vehicles. Other growing economies, such as Thailand and Indonesia, are providing incentives to OEMs to set up their hubs to produce mild-hybrid HEVs for cleaner transportation. Other factors, such as increased fuel prices, will positively affect the turbocharger market.
  • The key OEMs in this region include Brilliance Auto, Shanghai Automotive Industry Corporation (SAIC), Chery Automobile, Geely Automobile, Hawtai Motor Group, and Honda Motor Co., Ltd. Hence, Asia Pacific is the largest market for automotive turbochargers. Asia Pacific contributed to 57% of the demand for turbochargers in terms of value in 2020

Key Market Players:

Automotive Turbocharger Market is dominated by manufacturers such Honeywell (US), BorgWarner (US), MHI (Japan), IHI (Japan), and Continental (Germany), Bosch Mahle (Germany), Cummins  (US), ABB (Switzerland), TEL (India), and Delphi Technologies (UK), Rotomaster International (Canada), Precision Turbo & Engine INC(US), Turbonetics(US), Turbo International (US), Kompressorenabu Bannewitz GMBH(Germany), Turbo Dynamic Ltd.(UK), Fuyuan Turbocharger Co. Ltd.(China), Hunan Tyen Machinery Co. Ltd. (China), Ningbo Motor Industrial Co. Ltd. (China), Calsonic Kansei (Japan).

Browse Related Reports:

Exhaust System Market by After-Treatment Device (DOC, DPF, LNT, SCR, and GPF), Aftermarket (DOC, DPF, and SCR), Vehicle Type (Passenger Car, LCV, HCV, Construction Equipment, and Agriculture Tractor), Component, and Region – Global Forecast to 2025

Automotive Supercharger Market by Components, Technology (Centrifugal, Twin-Screw, Roots), Vehicle Type (PC, CV, Motorcycle), Fuel Type (Gasoline, Diesel), Power Source (Engine Driven, Electric Motor Driven), 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.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com 
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/turbochargers-market.asp 
Visit Our Web Site: https://www.marketsandmarkets.com 
Content Source: https://www.marketsandmarkets.com/PressReleases/turbochargers.asp 

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg

INEOS Automotive Reveals the Design of Its Upcoming 4×4, the Grenadier

– «Form follows function» in an engineering-led design process focused on delivering a vehicle to do a job

– Development programme moving forward, with prototype testing now on the march towards accumulating 1.8 million kilometres on and off-road over the coming year

– Created to fulfil the vision of adventurer and INEOS Group Chairman, Sir Jim Ratcliffe, the Grenadier will be a capable, durable and reliable 4×4 designed and built to handle the world’s harshest environments…

– «Form follows function» in an engineering-led design process focused on delivering a vehicle to do a job

– Development programme moving forward, with prototype testing now on the march towards accumulating 1.8 million kilometres on and off-road over the coming year

– Created to fulfil the vision of adventurer and INEOS Group Chairman, Sir Jim Ratcliffe, the Grenadier will be a capable, durable and reliable 4×4 designed and built to handle the world’s harshest environments

– #GrenadierUnwrapped

LONDON, June 30, 2020 /PRNewswire/ — INEOS Automotive today reveals the exterior design of the Grenadier, its forthcoming, no-nonsense 4×4 vehicle for the world, another step on the road towards start of production.

 

INEOS Automotive today reveals the exterior design of the Grenadier, its forthcoming, no-nonsense 4x4 vehicle for the world.

 

Built from the ground up on an all-new platform, the INEOS Grenadier has been designed on purpose: namely to meet the demands of its future owners for a rugged, capable and comfortable go-anywhere working vehicle.

«The brief was simple. We set out to design a modern, functional and highly capable 4×4 vehicle with utility at its core,» said Toby Ecuyer, Head of Design. «A design that is ‘easy-to-read,’ with no ambiguity about the Grenadier’s role in life. There to do everything you need, and nothing you don’t. Nothing is for show. Modern engineering and production techniques ensure the Grenadier is highly capable, but we have been able to stay true to the essence of creating a utilitarian vehicle that will stand the test of time.»

Dirk Heilmann, INEOS Automotive’s CEO, said:

«We are delighted to be able to share the design of the Grenadier so early in the process. Most manufacturers would hold back, but we are a new business, building a new brand, and we want to take people with us on this exciting journey.

«Showing the design now allows us to focus on the critical next phase of the vehicle’s development, testing its capability and durability. We have a very challenging programme ahead, as we put prototypes through their paces in all conditions, on the way to accumulating some 1.8 million test kilometres over the coming year. From today the covers are off. Testing ‘in plain sight’ without the need for camouflage wrapping, foam blocks or fake panels is an added benefit.» 

Sir Jim Ratcliffe, Chairman of INEOS, said: «The Grenadier project started by identifying a gap in the market, abandoned by a number of manufacturers, for a utilitarian off-road vehicle. This gave us our engineering blueprint for a capable, durable and reliable 4×4 built to handle the world’s harshest environments. But it had to look the part as well. As you will see today, Toby and his team have done a great job in delivering a design that is both distinctive and purposeful.»

About INEOS Grenadier

In 2017, INEOS Chairman, Sir Jim Ratcliffe, a car enthusiast and experienced adventurer, identified a gap in the market for a stripped back, utilitarian, hard-working 4×4 engineered for modern day compliance and reliability. INEOS Automotive Limited was formed and a senior team of automotive professionals assembled to bring the vision to reality.

Combining rugged British spirit with German engineering rigour, the Grenadier will be a truly uncompromising 4×4 built from the ground up. Engineered to overcome all conditions, it will provide best-in-class off-road capability, durability and reliability to those who depend on a vehicle as a working tool, wherever they are in the world.

On the engineering front, we are now in the series development phase, supported by our engineering partner Magna Steyr, with prototype testing under way. The INEOS Grenadier will go into production in late 2021.

INEOS Automotive is a subsidiary of INEOS Group (www.ineos.com), a leading manufacturer of petrochemicals, speciality chemicals and oil products. It employs 23,000 people across 34 businesses, with a production network spanning 183 manufacturing facilities in 26 countries. From paints to plastics, textiles to technology, medicines to mobile phones, materials manufactured by INEOS enhance almost every aspect of modern life. In 2019, INEOS had sales of circa $61bn.

To find out more about Grenadier, visit www.ineosgrenadier.com.

For media assets and information, please visit: https://ineosgrenadier.com/media.

Photo – https://mma.prnewswire.com/media/1198840/INEOS_Automotive_Grenadier.jpg
Logo – https://mma.prnewswire.com/media/1198841/INEOS_Automotive_Logo.jpg
PDF – https://mma.prnewswire.com/media/1198839/INEOS_Automotive_PDF_English.pdf

 

INEOS Automotive Logo

 

Coronavirus Impact on Fleet Management, Beroe Analysis

RALEIGH, North Carolina, June 30, 2020 /PRNewswire/ — The coronavirus pandemic has had a significant impact on the fleet management industry, resulting in a sharp reduction in vehicle sales across the world. Car manufacturers are exploring contactless delivery through online booking channels.

<img id="prnejpg1400left" title="Beroe_Logo" border="0" alt="Beroe_Logo" align="middle"…

RALEIGH, North Carolina, June 30, 2020 /PRNewswire/ — The coronavirus pandemic has had a significant impact on the fleet management industry, resulting in a sharp reduction in vehicle sales across the world. Car manufacturers are exploring contactless delivery through online booking channels.

Beroe_Logo

As manufacturers return to production, global automotive sales forecast is revised to 20 percent reduction from the previous forecast of 22 percent, with sales of approximately 72 million units, according to Beroe Inc, a procurement intelligence firm. The impact of COVID-19 is high on car manufacturers and alternate mobility, and medium on leasing companies.

Car manufacturers in the U.S. and Europe are returning to production with limited capacities and adequate health safety measures. There has been a slow resumption of fleet activities across the globe, majorly by the essential service operators. It is almost certain that the demand for fleet vehicles has reduced worldwide. OEMs are expected to offer high discounts, as the residual value is likely to reduce. Lease prices are expected to go up as residual values and profitability reduce.

https://www.beroeinc.com/category-intelligence

Beroe, which is based in North Carolina, further stated that procurement experts can access this report on market intelligence platform Beroe LiVE: live.beroeinc.com

Demands from organizations have reduced as there is limited business activity. The economic impact of the pandemic is visible with organizations preparing strategic cost saving plans. Organizations with vehicle assets are considering sale and lease back options to improve cash flow. The B2C segment is affected the most now, some of the organizations are inking fresh deals as they are able to obtain good deals. If the pandemic continues, leasing companies are expected to face payment default risk from SMEs and private lease portfolios.

The residual value of vehicles are expected to go down in the coming months as car manufacturers are expected to offer high discounts. Economic challenges are visible, which can stand as a hindrance to demand for fleet vehicles. Organizations are expected to extend their buying cycles by holding on to their assets for a longer period of time while leasing companies are expected to support this by offering contract extensions. OEMs are accepting new orders while production orders are being evaluated for delivery (units, timeline) adjustments.

Key Findings: 

  • As new leasing activities are slowly resuming, there will be extended lead times, and leasing companies are also offering contract extensions to retain customers. Profitability is expected to reduce, and this in turn, will have an impact on lease prices in the future.
  • Organizations can swap high mileage cars with low mileage cars, which can help them to extend the buying cycle. Carpooling and ride sharing programs to be minimized for the next few months.
  • Once the pandemic is over, organizations can take measures to improve the total cost of mobility by adopting ride sharing, carpooling, mobility budgets and other alternate mobility models to reduce the overall fleet budget
  • It is an opportune time for fleet owners/operators to begin or continue the direct negotiations with OEMs. Purchase agreements can be inked only in regions where production has resumed with pricing/rebates and availability of new models varying by region.
  • Alternate mobility services like ride hailing, carpooling are suspended. Ride hailing companies are operating only to cater to essential services. A decrease in adoption of shared mobility is expected for a short term.
  • Organizations to have a close watch on the TCO of the vehicles and utilization rates. Essential service providers and cash rich companies are preparing plans to benefit from the current market situation

The research methodology adopted for the report included:

  • Experts with twenty years of domain experience
  • Interaction with buyers
  • Inputs from supply chain partners

Similar to the 2008 global financial crisis, the fleet industry is at the beginning of a cycle, which can extend for a few years. Discounts can be expected in the form of penalties for delivery delays in the 2020 program year and normalizing price increases for the 2021 program year. Higher discounts can be expected for large fleet orders, and discounts can go as high as 20 percent for direct fleet purchases. Delayed payments from the two critical segments – SMEs and B2C can have significant financial burden on the leasing companies.

The report also includes:

Market Analysis:

  • Fleet Management 
  • Vehicle Sales
  • Major Risk Factors
  • Industry Risk Drivers
  • Risk Probability

Impact Analysis:

  • Fleet Management Industry
  • Car Manufacturers
  • Leasing Companies 
  • Alternate Mobility

Market Outlook:

  • Short-Term Impact
  • Long-Term Impact
  • Measures Taken By Companies
  • Supplier Outlook


About Beroe Inc.:

Beroe is the world’s leading provider of procurement intelligence and supplier compliance solutions. We provide critical market information and analysis that enables companies to make smart sourcing decisions—leading to lower costs, greater profits and reduced risk. Beroe has been providing these services for more than 13 years and currently works with more than 10,000 companies worldwide, including 400 of the Fortune 500 companies.

To learn more about Beroe Inc., please visit: http://www.beroeinc.com

Media Contact:

Debobrata Hembram
debobrata.hembram@beroe-inc.com

Logo: https://mma.prnewswire.com/media/777512/Beroe_Logo.jpg

 

NetBet: Auto Manufacturers to Face Fines of €11.4 Billion for Exceeding EU Carbon Targets

– The top ten car manufacturers are facing a collective fine of €114.6 billion in 2021 unless they drastically reduce their carbon footprint, research shows.

– The top ten car manufacturers are facing a collective fine of €114.6 billion in 2021 unless they drastically reduce their carbon footprint, research shows.

– Daimler AG is the furthest away from meeting EU 2021 carbon targets, resulting in potential annual fines of €13.3 billion based on fleet emissions.

– Groupe PSA produced the most polluting best-selling models last year, which would cost them €1.263 billion to offset alone.

– No car manufacturer is currently on track to meet EU targets, as the transport sector still accounts for a staggering 24% of annual global carbon emissions.

LONDON, June 30, 2020 /PRNewswire/ — None of the top ten car manufacturers are close to meeting EU carbon targets and could face annual fines of €11.4 billion each as a result, new research shows.

The Auto Emissions Report found that Daimler AG is the carmaker that’s furthest away from achieving the 2021 EU target of 95CO2g/km average fleet emissions, while Toyota Industries is the closest to lowering its carbon footprint – but still faces significant fines.

Automakers need to substantially reduce their annual carbon footprint in order to meet EU emissions standards, or else face fines of €95 per CO2g/km that exceeds the target, multiplied by unit sales. Based on the fleet emissions and unit sales of top manufacturers over the last year, this equates to a staggering €11,462,337,802 on average in penalties each.

As well as paying fines for exceeding EU targets, auto manufacturers would also have to offset the emissions of their annual sales. In 2019, top ten car makers would have had to pay a collective €424 billion – or an average of 39.5% of their annual revenue each.

Manufacturers and distance from EU target

Manufacturer

Distance from EU target – CO2g/km 

Manufacturer

Distance from EU target – CO2g/km 

Daimler AG

42

Ford Motor Company

28.7

Mazda Motor Corporation

40.2

Hyundai Motor Group

26.9

BMW

32

Groupe PSA

19.1

Fiat Chrysler Automobiles

29.4

Renault

18.2

Volkswagen Group

29

Toyota Industries

6.3

An analysis of the best-selling models of each brand reveals that Group PSA produced the most polluting cars on average last year, which would cost €1.3 billion to offset. Based on EU sales, the most polluting model sold last year was the Renault Clio.

Dissecting the running costs of manufacturers’ flagship models shows that the Mercedes-AMG GT was the most polluting model on the market last year, while the Peugeot 508 was the most environmentally friendly. Despite this, the 508’s carbon footprint is still equivalent to consuming 12,208 litres of gas, or 10,659 litres of diesel.

The transport industry is one of the largest contributors to the global carbon footprint, accounting for an estimated 24% of the world’s greenhouse gas emissions last year.  Although many manufacturers are electrifying their fleet to reduce emissions, the car making sector is facing more pressure than ever to tackle their contribution to climate change.

To see the results of the Auto Emissions Report, visit: https://www.netbet.co.uk/auto-emission-report

Data gathered from a range of sources, including auto manufacturers’ annual reports, EUROPA, transportenvironment.org and Carbon Engineering. Tonnes are metric.

Please contact:
Claudia Georgevici
E-mail: pr@netbet.com

Automotive Lighting Market Worth $34.9 Billion in 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, June 30, 2020 /PRNewswire/ — According to the new market research report «Automotive Lighting Market for ICE & EV by Technology (Halogen, LED, Xenon/HID), Position & Application (Head, Side, Tail, Fog, DRL, CHMSL, Dashboard, Glovebox, Reading, Dome, Rear View Mirror), Adaptive Lighting and Region – Global Forecast to 2025″, published by…

CHICAGO, June 30, 2020 /PRNewswire/ — According to the new market research report «Automotive Lighting Market for ICE & EV by Technology (Halogen, LED, Xenon/HID), Position & Application (Head, Side, Tail, Fog, DRL, CHMSL, Dashboard, Glovebox, Reading, Dome, Rear View Mirror), Adaptive Lighting and Region – Global Forecast to 2025″, published by MarketsandMarkets™, the Automotive Lighting Market size is estimated to be USD 27.0 billion in 2020 to USD 34.9 billion in 2025, at a CAGR of 5.3%. 

MarketsandMarkets_Logo

Rising disposable income has resulted in an increase in consumer spending capability to purchase premium vehicles, which, in turn, is expected to drive the growth of the market. Government initiatives for implementing adaptive lighting to increase the driver’s safety is another key factor anticipated to fuel market growth.

Browse in-depth TOC on «Automotive Lighting Market«

393 – Tables

69 – Figures

302 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1133

Passenger Car segment expected to be the largest segment for the automotive lighting market

Passenger cars are expected to be the largest segment for the Automotive Lighting Market on account of the rapid adoption of advanced lighting systems. Moreover, increasing sales of premium vehicles with pre-installed adaptive headlights, adaptive taillights, and ambient lights are expected to augment the growth of the segment further. Additionally, visual appeal is considered as a premium feature, and lighting is one of the vital parameters that add value to the visual appeal of the vehicle.

Historically, vehicle production declined from 2017 to 2019, which also impacted the Automotive Lighting Market. Due to the COVID-19 pandemic, the production & sale of vehicles have witnessed a major decline and are expected to see a 20% decline in 2020 (MarketsandMarkets™ analysis). Thus, the Automotive Lighting Market could register a further decline in 2020.

The LED technology is expected to be the fastest-growing segment

The LED technology is expected to grow at the fastest rate as this offers a better package in terms of adaptive technology. Moreover, LED consumes less power in comparison to other technologies such as halogen and xenon. LED headlights also offer better visibility to the driver and reduce the illumination effect on the eyes of the driver in the opposite direction.

Request FREE Sample Report:

https://www.marketsandmarkets.com/requestsampleNew.asp?id=1133

Asia Pacific to continue being the largest consumer of the automotive lighting market

China was the largest manufacturer and consumer of the automotive lighting due to the presence of a robust automobile production base and huge domestic sales of cars. Other Asian countries such as Japan, Korea, and India showcased promising growth during 2017 and 2018, and this trend is likely to continue till 2025. Asia Pacific is one of the main production bases for several European and North American automotive lighting manufacturers. Thus, the growing global sales of automobiles are expected to drive the growth of the automotive lighting industry.

However, the Asia Pacific automotive industry has faced major challenges due to the COVID-19 pandemic. For instance, the production activities of major OEMs, like General Motors, Honda, Nissan, Peugeot, and Renault, have been disrupted, thereby impacting the Automotive Lighting Market as well. For instance, two-thirds of automotive production has been directly affected by China’s industrial lockdown, impacting the suppliers of lighting system components as well. Additionally, the shortage of Chinese-made parts has impacted global production.

The key players Automotive Lighting Market are Hella (Germany), Marelli (Italy), Osram (Germany), Valeo (France), Continental (Germany), Philips (Netherlands), Bosch (Germany), Varroc (India), Hyundai Mobis (South Korea), Koito (Japan), Denso (Japan), North American Lighting (US), Renesas (Japan), Lumax (India), Aptiv (Netherlands), Grupo Antolin (Spain), Lear Corporation (US), Keboda (China), NXP (Netherlands), Gentex (US), FlexNGate (US), Federal-Mogul (US), Stanley Electric (Japan), Ichikoh (Japan), and Zizala (Austria).

Browse Related Reports:

Headlight Control Module Market by Technology (Halogen, LED, Xenon), Application (On/Off, Bending/Cornering, High Beam Assist, and Headlight Leveling), Vehicle Type, Passenger Vehicle Segment, And Region- Global Forecast to 2027

Marine Lighting Market by Ship (Passenger, Commercial, Yachts), Technology (LED, Fluorescent, Halogen, Xenon), Application (Navigation, Dome, C&U, Reading, Docking, Safety, Decorative), Type (Functional, Decorative), and Region – Global Forecast to 2027

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.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/automotive-lighting-market.asp

Visit Our Web Site: https://www.marketsandmarkets.com 

Content Source: https://www.marketsandmarkets.com/PressReleases/automotive-lighting-market.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg

Jolta, The World’s First EV Dealership Network, Will Launch In Miami This Fall

The first-ever EV dealership retail network will offer electric cars and other electric vehicles, on-site charging stations, and charging solutions

MIAMI, June 30, 2020 /PRNewswire/ — Jolta is poised to revolutionize the electric vehicle industry. A one-stop-shop for all EV-related needs, the new venture will be comprised of three main components: a curation of EVs, onsite charging stations, and charging solutions and installation services.

<div id="prni_dvprnejpg6df5left"…

The first-ever EV dealership retail network will offer electric cars and other electric vehicles, on-site charging stations, and charging solutions

MIAMI, June 30, 2020 /PRNewswire/ — Jolta is poised to revolutionize the electric vehicle industry. A one-stop-shop for all EV-related needs, the new venture will be comprised of three main components: a curation of EVs, onsite charging stations, and charging solutions and installation services.

The first EV dealership of its kind, Jolta will offer a curation of e-cars, e-bikes, e-scooters, e-motorcycles, and more – all from premium brands like Gocycle, Unagi, and Rayvolt, plus a selection of electric car manufacturers including new-to-market brands.

Nathan Cohen, the CEO and founder of Jolta, said the company was born to address lingering challenges within the EV industry. Most EV brands currently lack the proper retail representation that allows consumers to experience products before purchasing. Additionally, other EV category brands risk diluting exposure when sold at general bike or recreational shops. Jolta will present EV brands alongside each other at an EV-centric flagship store that will let consumers discover, compare and try EV products before purchasing.

«Jolta’s holistic approach to bring together all forms of personal electric transport under one amazing customer experience provides a unique touch point for Gocycle to connect with forward-thinking and passionate EV enthusiasts,» said Richard Thorpe, Gocycle Founder and Designer. 

Jolta will curate vehicles based on design, battery range, performance and safety, taking the burden of research off the consumer. A trained staff of EV experts, will facilitate on-site test drives while addressing customers’ questions about vehicles and charging.

Jolta will also offer charging solutions for residential and commercial properties, including installation services. Customers can enjoy onsite charging stations and a full-service lounge where they can work or unwind while their vehicles charge.

«Jolta was founded with a vision to protect the environment and move toward sustainability. Our modes of transportation heavily affect environmental efforts, and the impact of COVID-19 has led people to consider even more eco-friendly ways of getting around. We strongly believe that we can seize this momentum and become part of this change by making EVs accessible to all,» said Cohen.

Jolta will launch its first flagship store in the fourth quarter of 2020 in Miami. The company plans to open fourteen other dealerships in major U.S. cities by 2025.

Website: www.jolta.com

Photo – https://mma.prnewswire.com/media/1196029/Interior.jpg  

XCMG Foundation Machinery Completes Challenging Public Transportation Work, Aiding Regional Economical and Industrial Development

SHANTOU, China, June 30, 2020 /PRNewswire/ — Seven XCMG (SHE: 000425) XR550D rotary drilling rigs have successfully completed their service on the Niutianyang Bridge project as the last drilling pile of the north main pier was poured on May 23. The mega public transportation project in Shantou, Guangdong Province was previously named a «millennium project» due to the high degree of construction complexity.

<div…

SHANTOU, China, June 30, 2020 /PRNewswire/ — Seven XCMG (SHE: 000425) XR550D rotary drilling rigs have successfully completed their service on the Niutianyang Bridge project as the last drilling pile of the north main pier was poured on May 23. The mega public transportation project in Shantou, Guangdong Province was previously named a «millennium project» due to the high degree of construction complexity.

XCMG Foundation Machinery Completes Challenging Public Transportation Works, Aiding Regional Economical and Industrial Development.

The No.14 to 23 pile foundations of Niutianyang Bridge’s main pier are super-long bored piles with variational diameters of 2.45 to 3 meters, the designed pile length is 89.7 meters with the hole’s depth reaching 100 meters. The pile foundation drilling was carried out by the XR550 rotary drilling rig, which completed the task in only 11 days and provided the guarantee for timely completion of boring the piles. 

XCMG’s tunnelling equipment have stood out in the competitive market with trustworthy, efficient and high-precision performance. In May, several XCMG drilling jumbos concluded the service for Funiu Mountain Tunnel construction, which is part of the 143-kilometer-long Yaoshan-Luanchuan-Xixia Express project – the longest, most expensive and most difficult highway construction in Henan Province’s highway development history.

The unique geological features of Funiu Mountain require the tunnelling equipment to work continuously at high-efficiency in an opening of 9-kilometers over the last three years. XCMG’s team of expert engineers and technicians delivered excellent result by keeping the through error below 3cm, way above the industry standard of 20cm.

Kong Qinghua, general manager of XCMG Foundation Construction Machinery Business Division, noted that after a decade of innovation and development, XCMG’s machines have achieved multiple core technology breakthroughs and launched several developed products that ranging from underground mining, highway tunnelling to hydraulic construction engineering.

«The advantages of XCMG tunnelling equipment includes the optional cutting heads that can meet the needs of different geological requirements, the loading mechanism adopts high-strength wear-resistant plates that extend service life, while the compact design of the whole machine makes them suitable for low-level tunnelling,» explained Kong Qinghua.

XCMG Foundation has optimized multiple cantilever mining products including XTR4/180, XTR4/230, XTR6/260, XTR7/260 and XTR7/360 to develop all-new rock tunnelling machines that integrate cutting, transporting, loading and dust pollution spray control functions, they’re now widely applied in tunnelling projects across various situations.

For more information, please visit: www.xcmg.com.

Photo – https://mma.prnewswire.com/media/1198222/XCMG.jpg