Return of Kamux Corporation’s Own Shares in Accordance with Terms and Conditions of the Share-based Incentive Scheme 2018

HELSINKI, June 4, 2020 /PRNewswire/ —

KAMUX CORPORATION  STOCK EXCHANGE RELEASE   4 June 2020 at 17:00

Return of Kamux Corporation’s own shares in accordance with terms and conditions of the share-based incentive scheme 2018

On 4 June 2020 a total of 2,445 shares have been returned to Kamux Corporation without consideration in accordance with the terms and conditions of the Corporation’s share-based incentive scheme 2018 due to the…

HELSINKI, June 4, 2020 /PRNewswire/ —

KAMUX CORPORATION  STOCK EXCHANGE RELEASE   4 June 2020 at 17:00

Return of Kamux Corporation’s own shares in accordance with terms and conditions of the share-based incentive scheme 2018

On 4 June 2020 a total of 2,445 shares have been returned to Kamux Corporation without consideration in accordance with the terms and conditions of the Corporation’s share-based incentive scheme 2018 due to the termination of employment of key person.

After the return, Kamux Corporation holds a total of 34,731 of Kamux Corporation’s shares.

In Hämeenlinna, 4 June 2020

KAMUX CORPORATION

The Board of Directors

Further information:

Marko Lehtonen

CFO

Tel. +358-50-575-2006

Kamux Corporation is a retail chain specializing in the sale of used cars and related integrated services that has grown rapidly. Kamux combines online shopping with an extensive showroom network to provide its customers with a great customer experience anytime, anywhere. In addition to digital channels, the company has total of 75 car showrooms in Finland, Sweden and Germany. Since its founding, the company has sold more than 250,000 used cars, 55,432 of which were sold in 2019. Kamux’s revenue reached EUR 658.5 million in 2019. In 2019, Kamux’s average number of employees was 595 in terms of full-time equivalent employees. The shares of Kamux are listed on the Nasdaq Helsinki stock exchange.

www.kamux.com

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Electric Vehicle Market Size is Expected to Reach USD 802.81 Billion By 2027 – Valuates Reports

BANGALORE, India, June 4, 2020 /PRNewswire/ — The global Electric Vehicle Market Size was estimated at USD 162.34 Billion in 2019 and is expected to reach USD 802.81 Billion by 2027, at a CAGR of 22.6 percent.

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BANGALORE, India, June 4, 2020 /PRNewswire/ — The global Electric Vehicle Market Size was estimated at USD 162.34 Billion in 2019 and is expected to reach USD 802.81 Billion by 2027, at a CAGR of 22.6 percent.

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An automobile with a large battery to store energy and propelled by one or more electric motors  is known as an electric vehicle. Some of these vehicles also come with an additional Internal Combustion Engine (ICE). Such vehicles are called Hybrid Electric Vehicles (HEVs). When a hybrid electric vehicle is provided with a plug-in function for directly recharging the battery, it is known as a Plug-in Hybrid Vehicle (PHEV). The difference between a HEV and a PHEV is their battery capacity and the ability to charge the battery via a direct power source.

The global electric-vehicle (EV) industry is expanding rapidly. The regional output differs, with some EV markets reaching near-mainstream status, while others remain neutrally stuck. However, the Global EV sales are getting big enough to create substantial profit pools for well-positioned suppliers and other upstream players. 

This report presents the analytical depiction of the global EV, HEV and PHEV market analysis along with the current trends and future estimations to depict imminent investment pockets.

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TRENDS INFLUENCING THE ELECTRIC VEHICLE MARKET SIZE:

  • Stringent restrictions on automotive emissions have contributed to the growth of electric vehicles’ market size. The European Union, for example, has set itself a net-zero greenhouse gas emissions target by 2050. Electric vehicles produce lower emissions as compared to conventional vehicles. This has led governments around the world to raise awareness and promote the use of EVs to reduce oil consumption, air pollution, and associated emissions.
  • With new inventions coming up on a regular basis, major changes have been brought into EV batteries. The average energy density of batteries is predicted to increase at 4-5 percent each year. Furthermore, the maximum EV charging velocities are also increasing. This raise in technological advancements is expected to increase the electric vehicles market size during the forecast period.
  • As part of their long-term climate commitments, automakers and large fleet operators are accelerating their investments in electrification and meeting short-term policy requirements. It is expected that strong investments by automakers will meet the increasing demand for EVs and play a major role in the growth of electric vehicles market size. OEMs are selling electric vehicles in different sizes, from small hatchbacks such as Nissan Leaf to high-end sedans such as Tesla Model 3. The wide product range has attracted many consumers and led to a growing electric vehicle market.
  • ICE vehicles are emitting high GHG concentrations into the atmosphere. To curb that, several-countries have taken initiatives to deploy EVs. These initiatives would help to enhance air quality. This growing concern about the environment is expected to increase the electric vehicle market size.
  • Lack of charging infrastructure is expected to impede the electric vehicles market during the forecast period. Charging load variations and a lack of standardization are major market drawbacks. Various countries have their own standards, such as CCS (Europe, the United States, and Korea), CHAdeMO (Japan), and GB / T (China). However, some electric producers like Tesla, Inc., focus on overcoming this obstacle by having their own charging network.

View Full Report: https://reports.valuates.com/market-reports/ALLI-Manu-1Y14/electric-vehicle

ELECTRIC VEHICLE MARKET SHARE ANALYSIS

  • It is expected the Asia Pacific market will witness the fastest growth followed by Europe and North America. In countries like China, Japan, and South Korea, the automobile industry is inclined towards innovation, technology, and advanced electric vehicle development.
  • Asia-Pacific was the highest revenue contributor, accounting for $84.84 billion in 2019, and is estimated to reach $357.81 billion by 2027, with a CAGR of 20.1%. Asia-Pacific and Europe collectively accounted for around 74.8% share in 2019, with the former constituting around 52.3% share.
  • North America is estimated to reach $194.20 billion by 2027, at a significant CAGR of 27.5%. Elon Musk-led Tesla, Inc. continues to dominate the U.S. market for electric vehicles.

KEY MARKET SEGMENTS

By Type

  • Battery Electric Vehicles (BEV)
  • Hybrid Electric Vehicles (HEV)
  • Plug-in Hybrid Electric Vehicles (PHEV)

By Vehicle Class

  • Mid-Priced
  • Luxury

By Vehicle Type

  • Two-wheelers
  • Passenger Cars
  • Commercial Vehicles

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Netherlands
    • Norway
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • Singapore
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

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Key Players

  • Tesla
  • BMW Group
  • Nissan Motor Corporation
  • Toyota Motor Corporation
  • Volkswagen AG
  • General Motors
  • Daimler AG
  • Energica Motor Company S.p.A.
  • BYD Company Motors
  • Ford Motor Company

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SIMILAR REPORTS

●  Electric Car Market Report

Global Electric Car Market Size is Projected to Reach USD 1438.8 Billion by 2025 with a CAGR of 19.40%.

Some of the major factors driving the growth of Electric car market size are, fuel-efficiency, high-performance, stringent government rules and regulations toward car emission. Electric cars are getting close to the sales price of gasoline and diesel-powered cars. This, in turn, is expected to fuel the adoption of electric cars during the forecast period.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-3Z153/electric-car

●  Low-Speed Electric Vehicle Market Report

The global low-speed electric vehicle market size was valued at USD 2.3958 Billion in 2017 and is projected to reach USD 7.6173 Billion by 2025, at a CAGR of 15.4% from 2018 to 2025.

The growth of Low-Speed Electric Vehicle Market size is powered by strict government legislation and restrictions on vehicle emissions and an increase in fuel cost. In addition, the rise in pollution, technological advances, and the decrease in fossil fuel reserves have fuelled the growth in low-speed electric vehicle development and production.

View Full Report: https://reports.valuates.com/market-reports/ALLI-Auto-3Y360/low-speed-electric-vehicle

●  Electric Vehicle Battery Market Report

The global Electric Vehicle Battery Market size was valued at USD 23 Billion in 2017 and is projected to reach USD 84 Billion by 2025, growing at a CAGR of 17.2 percent from 2018 to 2025. Over the last two decades, the emergence of Lithium-ion technology has fuelled the growth rate of batteries.

High-energy density, charging retention capacity, and low maintenance are some of the advantages that accelerated Li-ion ‘s growth as battery technology. Automotive manufacturers introducing BEVs and PHEVs into the EV battery market are further enhancing the technology and are expected to offer Li-ion powered solutions as their vehicle’s primary power source.

View Full Report: https://reports.valuates.com/market-reports/ALLI-Auto-2O266/electric-vehicle-battery

●  Electric Truck Market Report

View Full Report: https://reports.valuates.com/market-reports/ALLI-Manu-3X24/electric-truck

●  Electric Vehicle Charging System Market Report 

The global electric vehicle charging system market size was valued at USD 3.18 Billion in 2018 and is projected to reach USD 66.27 Billion by 2026, at a 45.6 percent CAGR from 2019 to 2026.

An electric vehicle charging system is an infrastructure that supplies electric energy for the charging of plug-in electric vehicles, including electric cars and plug-in hybrids.

Electric vehicles are gaining a lot of traction in the developed regions, namely North America and Europe, making them the industry-leading revenue drivers for electric vehicle charging systems.

Asia-Pacific is a lucrative market with a high potential for growth due to the fast-growing number of electric vehicles in countries such as China and Japan. Japan has the highest density of fast electric-vehicle charging stations within the Asia-Pacific region.

View Full Report: https://reports.valuates.com/market-reports/ALLI-Auto-1Y57/electric-vehicle-charging-system

●  Electric Vehicle Charger Market Report

The electric vehicle charger market size was estimated at USD 3.8 Billion in 2019 and is expected to hit USD 25.5 Billion by 2027, at a CAGR of 26.8 percent between 2020 and 2027.

View Full Report: https://reports.valuates.com/market-reports/ALLI-Manu-1K15/electric-vehicle-charger

●  Electric Vehicle (EV) Transmission Market Report

The global transmission of electric vehicles ( EV) market size was valued at USD 2.52 Billion in 2018 and is projected to reach USD 15.38 Billion by 2026, at a CAGR of 25.8 percent from 2019 to 2026.

This study presents the analytical representation of the global market analysis for transmission of electric vehicles ( EV) along with current trends and future estimates to depict the imminent pockets of investment.

View Full Report: https://reports.valuates.com/market-reports/ALLI-Manu-3Z25/electric-vehicle-transmission

ABOUT US:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that’s why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

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Supercapacitor Market Worth $720 Million by 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, June 4, 2020 /PRNewswire/ — According to the new market research report «Supercapacitor Market by Type (Electric Double-layered Capacitors, Pseudocapacitors, Hybrid Capacitors), Electrode Material, Application (Automotive, Energy, Consumer Electronics, Industrial, Medical, Aerospace & Defense), Region – Global Forecast to 2025″, published by MarketsandMarkets™, the Supercapacitor Market is projected to grow from USD 409 million in 2020 to <span…

CHICAGO, June 4, 2020 /PRNewswire/ — According to the new market research report «Supercapacitor Market by Type (Electric Double-layered Capacitors, Pseudocapacitors, Hybrid Capacitors), Electrode Material, Application (Automotive, Energy, Consumer Electronics, Industrial, Medical, Aerospace & Defense), Region – Global Forecast to 2025″, published by MarketsandMarkets™, the Supercapacitor Market is projected to grow from USD 409 million in 2020 to USD 720 million by 2025; it is expected to grow at a CAGR of 12.0% from 2020 to 2025. The key factors fueling the growth of the market include their increased use in renewable energy generation plants and smart wearables. Additionally, increased global demand for electric vehicles and supercapacitors with higher storage capabilities than conventional capacitors and batteries is also augmenting the growth of the supercapacitor market.

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The electric double-layered capacitors segment to hold the largest size of the supercapacitor market by 2025.

Electric double-layered capacitors are being used as an alternative to conventional batteries. They work excellently in all those applications wherein a stable supply of energy is required over a short period of time. Several industrial units across the world have suspended their operations owing to the outbreak of the COVID-19. This is expected to create a temporary slag in the growth of the supercapacitor market in 2020.

The automotive segment is projected to account for the largest size of the supercapacitor market by 2025.

Supercapacitors are well suited for electric vehicles (EVs) and hybrid electric vehicles (HEVs), as they can compensate for the shortcomings of batteries. Unlike batteries, supercapacitors operate over a broader temperature range and eliminate the requirement of charge equalization management. The automotive sector is one of the key sectors incurring significant losses owing to the COVID-19 pandemic situation. The global demand for vehicles has reduced significantly owing to lockdowns imposed in different countries of the world. This, in turn, is impacting vehicle production, as well as the demand for supercapacitors globally.

Browse in-depth TOC on «Supercapacitor Market«
96 – Tables
44 – Figures
153  – Pages

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Asia Pacific (APAC) projected to be the largest market for supercapacitors from 2020 to 2025.

The growth of the supercapacitor market in APAC can be attributed to rapid industrialization and infrastructure development in the region. China is expected to continue to account for the largest share of the supercapacitor market in APAC during the forecast period. Supply chains in and around APAC have been disrupted owing to the outbreak of the COVID-19 pandemic, which has resulted in limited permissible transportation. The Asian countries under lockdowns have suffered tremendous loss of business and revenue due to the shutdown of a number of manufacturing units in the region. This, in turn, is impacting the demand for supercapacitors.

The key players operating in the supercapacitor market include Tesla (US), Nippon Chemi-Con (Japan), CAP-XX (Australia), LS Mtron (South Korea), Panasonic (Japan), Eaton (US), Cornell-Dubilier (IUS), Ioxus (US), NAWA Technologies (France), Paper Battery Company (US), Skeleton Technologies (Estonia), and SPEL Technologies (India).

Related Reports:

Lithium-Ion Battery Market by Type (Li-NMC, LFP, LCO, LTO), Power Capacity (0-3,000 mAh, 3,000 mAh-10,000 mAh, 10,000 mAh-60,000 mAh, above 60,000 mAh), Industry (Consumer Electronics, Automotive, Industrial), Voltage, Region – Global Forecast to 2025

Silicon Battery Market by Capacity (0–3,000 mAh, 3,000–10,000 mAh, 10,000–60,000 mAh, and 60,000 mAh & Above), Application (Consumer Electronics, Automotive, Aviation, Energy, and Medical Devices), 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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Global Electric Vehicle Sales Increase with Implementation of Stringent Emission Norms, Says Frost & Sullivan

Europe is expected to have the highest YoY growth of over 10% in 2020

SANTA CLARA, California, June 3, 2020 /PRNewswire/ — Frost & Sullivan’s recent analysis, Global Electric Vehicle Market Outlook, 2020, finds that the COVID-19 uncertainty will globally dent electric vehicle (EV) sales, which are estimated to stand somewhere between ±9% in 2020 compared to 2019 under three different scenarios—gradual containment, severe pandemic,…

Europe is expected to have the highest YoY growth of over 10% in 2020

SANTA CLARA, California, June 3, 2020 /PRNewswire/ — Frost & Sullivan’s recent analysis, Global Electric Vehicle Market Outlook, 2020, finds that the COVID-19 uncertainty will globally dent electric vehicle (EV) sales, which are estimated to stand somewhere between ±9% in 2020 compared to 2019 under three different scenarios—gradual containment, severe pandemic, and global emergency. But as the market recovers, which is probably after June in the best-case prospect, it is predicted to experience healthy growth. In an optimistic scenario, EVs are estimated to grow by 8.6% year-on-year (YoY), registering 2.5 million unit sales (battery electric vehicles plus plug-in hybrid electric vehicles) globally in 2020.

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

«EV sales will be driven by the implementation of stringent emission norms across countries and global policies favoring the adoption of battery electric vehicles (BEVs),» said Prajyot Sathe, Automotive and Transportation Industry Manager at Frost & Sullivan. «Additionally, non-monetary or tax incentives are likely to be more attractive for buyers as countries with the highest EV penetration ratio such as Norway and the Netherlands offer these rather than cash incentives.»

Sathe added: «If BEVs are pushed by original equipment manufacturers (OEMs) on new energy vehicle (NEV) credit mandates, China is set to remain the market leader with a 48.3% share. Further, Europe is expected to have the highest YoY growth of over 10%—availability of models, reduced delivery times and compliance push are major growth factors in the EU.»

To tap into the growth prospects exposed by EV, market participants should focus on the following:

  • The introduction of new models will help OEMs increase the percent penetration of EVs.
  • A huge number of recyclers and dismantlers will come into play as the first phase of batteries will be available for second life or recycling.
  • Charging as a service is an emerging trend. Hence, partnerships will be necessary for traditional participants to compete with start-ups.
  • Capitalizing on existing expertise will help component manufacturers sustain the transformation of the industry.

Global Electric Vehicle Market Outlook, 2020 is the latest addition to Frost & Sullivan’s Automotive and Transportation 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.

Global Electric Vehicle Market Outlook, 2020

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Contact:
Francesca Valente
Corporate Communications
E: Francesca.Valente@frost.com 

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XCMG’s XZ13600 Makes Successful Debut in China-Russia ‘East-route’ Natural Gas Pipeline Project

CAOFEIDIAN, China, June 1, 2020 /PRNewswire/ — XZ13600, the world’s largest horizontal directional drill from XCMG, has made its debut assisting in the non-excavation construction of the ChinaRussia east-route natural gas pipeline, a major project from the «Belt and Road» Initiative that began operations in December, 2019.

<img id="prnejpgedaeleft" title="XCMG’s XZ13600 Makes…

CAOFEIDIAN, China, June 1, 2020 /PRNewswire/ — XZ13600, the world’s largest horizontal directional drill from XCMG, has made its debut assisting in the non-excavation construction of the ChinaRussia east-route natural gas pipeline, a major project from the «Belt and Road» Initiative that began operations in December, 2019.

XCMG’s XZ13600 Makes Successful Debut in China-Russia ‘East-route’ Natural Gas Pipeline Project.

The ChinaRussia east-route natural gas pipeline is setting new milestones for energy cooperation between the two countries. The project is first to adopt the large 1,422mm caliber pipeline and will be the largest long-distance natural gas pipeline in the world when completed. It will supply natural gas to China’s northeast, Bohai Rim and Yangtze River Delta regions and is also the first pipeline in Chinese history to achieve full localization of key equipment and core control systems.

«The XZ13600 has been essential during the construction of the pipeline, as the largest tonnage horizontal drill in the world, with a super high push-pull force of 13600kN from multiple engines, it has ensured high efficiency of power output in throughout multiple stages of the project,» said Kong Qinghua, General Manager of  XCMG Foundation Construction Machinery Business Division.

The XZ13600 assisted in the 750-meter crossing project of Shuanglong River in Caofeidian, Hebei Province, which is located on the coast with highly mineralized groundwater and uneven stratum. The farming zone and salt field each needed to be  protected to avoid damaging the environment, while the large-diameter reaming, long-distance crossing and complicated coastal terrain all put strict demands on the equipment. The XZ13600 was able to complete the crossing in two weeks and moved on to the 1,650-meter natural gas pipeline construction project.

«XCMG’s large-scale intelligent equipment including the XZ3600, XZ5000 and XZ6600 are all participating in the construction of the ChinaRussia east-route natural gas pipeline, Rizhao-Puyang-Luoyang crude oil pipeline and QingdaoNanjing gas pipeline network. Meanwhile, our medium and large tonnage horizontal directional drills are providing more solutions to ensure the strategic allocation of oil and natural gas resources,» said Kong.

About XCMG

XCMG is a multinational heavy machinery manufacturing company with a history of 77 years. It currently ranks sixth in the world’s construction machinery industry. The company exports to more than 183 countries and regions around the world.

Please visit www.xcmg.com, Facebook, Twitter, YouTube, LinkedIn and Instagram.

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GAC Motor Delivers 550,000 GAC-made masks to International Distribution Partners in 26 Countries

Goodwill spreads as the partners donate GAC-made masks to local medical institutions

GUANGZHOU, China, June 1, 2020 /PRNewswire/ — The 550,000 masks that GAC Motor began shipping overseas in early April have arrived in 26 countries for local employees, distribution partners, and customers. Some partners spread the goodwill by donating part of the masks to organizations in need of medical supplies such as local medical institutions.

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Goodwill spreads as the partners donate GAC-made masks to local medical institutions

GUANGZHOU, China, June 1, 2020 /PRNewswire/ — The 550,000 masks that GAC Motor began shipping overseas in early April have arrived in 26 countries for local employees, distribution partners, and customers. Some partners spread the goodwill by donating part of the masks to organizations in need of medical supplies such as local medical institutions.

Experience the interactive Multichannel News Release here: https://www.prnasia.com/mnr/gacmotor_202005.shtml

GAC Motor received strong support from overseas employees and partners to support the COVID-19 prevention and control in China at the early stage of the epidemic. At the end of February, GAC Group, the parent company of GAC Motor, transformed and set up mask production lines for long-term prevention and control. As the outbreak spread, overseas employees and partners were also experiencing masks shortages. GAC Motor decided to help them in return with GAC-made masks. 

Goodwill never stops. After receiving the masks, the partners decided to pass on the goodwill and donate part of the masks to local medical institutions. CIG Motors, GAC Motor’s partner in Nigeria, donated 50,000 medical surgical masks and other supplies to local health facilities. Impofactor CA, the representative company of GAC Motor in Ecuador delivered 30,000 masks to the National Emergency Operations Committee to support the fight against COVID-19, and supported the Cañar Red Cross to carry out rapid testing of COVID-19 at home with GAC MOTOR’s vehicles. Its exclusive distributor in Panama Grupo Auto Comercial donated 10,000 masks to the local children’s hospital and the Instituto Nacional de Medicina Física y Rehabilitación. In Bolivia, about 10,000 GAC-made masks were sent to the government of Santa Cruz, which will distribute them to hospitals and health centers in the city.

With the assistance from GAC Motor headquarters, overseas dealers have also taken actions to fight against the epidemic and ensure continuity of business operations, including strictly implemented daily disinfection, temperature checks and other epidemic prevention measures. They also shared car care and cleaning tips to reduce the risk of exposure to COVID-19 for consumers. 

The company considers the health and safety of customers and employees a top priority. To this end, its parent company GAC Group has signed a strategic cooperation agreement with the Guangzhou Institute of Respiratory Health to jointly build an engineering technology center and production base for respiratory infection prevention and control. One of the focuses of the facility will be researching and developing disinfection, infection prevention and control technology for cars, which is expected to be applied to GAC MOTOR’s products in the future and provide enjoyable experience of mobility for the company’s global consumers.

For more information, please visit:

Official Website: www.gac-motor.com
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GAC MOTOR provides face masks to its overseas partners.

 

GAC masks arrive at dealer shops in UAE.

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IDTechEx Research – How is COVID-19 Shaping the Future Mobility Landscape

BOSTON, May 29, 2020 /PRNewswire/ — During the COVID-19 outbreak, the automotive industry has been hit hard by shutdowns of factories and sales around the world. The pandemic has slowed down global car sales and is shifting consumer behaviours in travel. Over the long term, COVID-19 could have a lasting impact on the mobility landscape.

<img id="prnejpg4c39left" title="IDTechEx Logo" border="0" alt="IDTechEx Logo"…

BOSTON, May 29, 2020 /PRNewswire/ — During the COVID-19 outbreak, the automotive industry has been hit hard by shutdowns of factories and sales around the world. The pandemic has slowed down global car sales and is shifting consumer behaviours in travel. Over the long term, COVID-19 could have a lasting impact on the mobility landscape.

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As the pandemic spreads, social distancing has become the theme of 2020, which has been having a huge impact on mobility behaviours, especially for shared mobility. In the past few months, we have seen a significant drop in the operation and usage of public transportation. The same happened to mobility-as-a-service (MaaS) such as ride-hailing. According to Lyft, its ride-hailing business was down 70% year over year in April 2020. People are switching mobility preferences towards those that make them feel less vulnerable to infection, such as private driving, walking or cycling. At least in the short term, we will see an increase in private driving miles for those who already own a car. For those who cannot afford a car, alternative mobility modes, such as micromobility and car sharing, that have less risks than public transport can have some opportunities if service providers apply strict disinfection measures. Such measures could include, for example, frequent disinfection of vehicles, safety guidance and updates, restriction on the number of passengers per vehicle or even free sanitizers to passengers.

In the mid and longer term, the pandemic could cause some dramatic shifts in future mobility. Autonomous driving can provide a valuable mobility solution in the new world where social distancing awareness continues. During the pandemic, autonomous driving tests and pilots have been suspended due to lockdowns. However, autonomous mobility could experience even faster development as the world recovers from the COVID-19 crisis. In China, as the mobility industry is slowly recovering, we have also seen many autonomous driving companies resume tests and pilots across the country. Tech giant Baidu launched a free robotaxi service in the city of Changsha in April, which allows all users in the city to hail a free ride via its popular search engine app Baidu and navigation app Baidu Maps. Unlike ride-hailing which suffers a lot during the pandemic, robotaxis which do not require a driver in the future can support physical distancing and thus greatly complement public transport as well as private driving.

As the world recovers from the COVID-19 crisis, significant shifts will happen in both the supply and demand sides of mobility. The pandemic has caused a heavy blow to the world of MaaS and the industry players need to think about new norms and better understand the opportunities for MaaS. The pandemic could accelerate the development of autonomous driving as people would like to be prepared for the future. The autonomous car and robotaxi market will be worth $2.5 trillion per year by 2040, according to research by IDTechEx on Autonomous Cars and Robotaxis 2020-2040.

Autonomous driving requires a full technology stack of hardware such as sensors and computing platforms, as well as non-hardware components including AI software and high-definition maps – which are completely different from the traditional automotive approach. As the autonomous driving technologies mature, as well as the scale ramps up, the cost of self-driving systems is expected to drop significantly over the next decade. The latest report from IDTechEx, «Autonomous Cars and Robotaxis 2020-2040«, builds a detailed technology roadmap and a granular market forecast for autonomous mobility. It offers an in-depth analysis of key enabling technologies including lidars, radars, cameras, AI software, HD maps, teleoperation, cybersecurity, and 5G & V2X. Key technology trends as well as market players are presented for each of these enabling technologies.

For more information on this report, please visit www.IDTechEx.com/Autonomouscars or for the full portfolio of Electric Vehicles and Robotics research available from IDTechEx please visit www.IDTechEx.com/Research.

IDTechEx guides your strategic business decisions through its Research, Consultancy and Event products, helping you profit from emerging technologies. For more information on IDTechEx Research and Consultancy, contact research@IDTechEx.com or visit www.IDTechEx.com.

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Titanium Mobility App Paves the New Way in Car Rental

LONDON, May 28, 2020 /PRNewswire/ — Titanium Mobility is a newly launched whitelabel app by Car Rental Gateway. This app gives a possibility to fully digitise car rental service and through that provides customers with contact-free and frictionless rental…

LONDON, May 28, 2020 /PRNewswire/ — Titanium Mobility is a newly launched whitelabel app by Car Rental Gateway. This app gives a possibility to fully digitise car rental service and through that provides customers with contact-free and frictionless rental experience. It has a built-in ability to interact with different cloud services enabling full rental flow from booking and accessing the car to payments and billing.

Car Rental Gateway’s new white-label app is a promise for a better future in car rental

«Our new whitelabel app is a promise for a better future in car rental,» says Martin Kallasmaa, Car Rental Gateway’s Commercial Director. «It makes renting a car contactless and gives customers the freedom to go anywhere they need to without any hassle. This is exactly the solution that the market needs right now—flexible, efficient, and smart. It has every potential to bring exponential growth and revenue for all integrated parties.»

Although there has been a rapid shift towards digitisation across the different industries, the core essence of the car rental service has remained the same for decades. This comfortably settled business landscape has provided very little incentive for change. Many rental operators are using the same processes they have been using for the last 40 years. That is to say until now.

COVID-19 has brought with it travel bans and the necessity to avoid human contact. This has made crowded rental desks and long queues disappear but the possibility to have access to rental cars is also quite limited. This is due to the fact that the majority of rental companies do not have any or have a limited number of smart rental offers that ensure contactless rental process.

While more enthusiastic rental providers have started developing their own apps and working on keyless offers, these changes help overcome some of the shortages present in the industry right now, but also give rise to some new challenges. Let’s say that you are a frequent traveller who visits different locations. To be able to book a car, you should have full knowledge of all global and regional rental providers out there and having this knowledge download each and every provider’s application to your phone. Even worse, you still need to operate between these apps to get the booking that would best suit your needs.

The abundance of available rental applications is due to the fact that rental companies are holding onto their identities and branding. That is understandable as they have worked hard to build their image. At the same time, they need access to the global markets—this is where the comparison and booking sites come in. Those sites have the capability to offer more language and personalisation options in a scale unthinkable to a single car rental provider. Car Rental Gateway’s whitelabel app can consolidate the operators on the market into a unified customised service line. This means that the customers will be dealing with only one contact throughout their rental journey and will have a dedicated, real live person at their service. While car rental brokers with their e-commerce competencies would be able to take care of customer service and the whole rental journey, the car rental operators could focus on their area of expertise—a well maintained rental fleet.

The team behind Car Rental Gateway has been steering e-commerce solutions in car rental distribution software since 2001. Their experience lies in bringing together mobility providers and travel distributors, including online travel agents, comparison sites, airlines, and car rental brokers. They are considered to be one of the leading global technology providers in the industry—they have built the core platform for Rentalcars.com, the biggest online broker in the market, and provide Expedia with unified data and connectivity with all major car rental operators available.

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Martin Kallasmaa
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United Kingdom
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Email: martin.kallasmaa@carrentalgateway.com

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Automotive Composites Market Revenue to Surpass USD 5.5 Bn by 2026: Global Market Insights, Inc.

SELBYVILLE, Delaware, May 28, 2020 /PRNewswire/ — According to latest report «Automotive Composites Market by Fiber (Glass, Carbon, Natural), Resin (Thermoset, Thermoplastic), Manufacturing Process (Compression, Injection, Resin Transfer Moulding), Application (Interior, Exterior, Structural & Powertrain), Regional Outlook, Competitive Market Share & Forecast 2026», by Global Market Insights, Inc., the <a target="_blank"…

SELBYVILLE, Delaware, May 28, 2020 /PRNewswire/ — According to latest report «Automotive Composites Market by Fiber (Glass, Carbon, Natural), Resin (Thermoset, Thermoplastic), Manufacturing Process (Compression, Injection, Resin Transfer Moulding), Application (Interior, Exterior, Structural & Powertrain), Regional Outlook, Competitive Market Share & Forecast 2026», by Global Market Insights, Inc., the market valuation of automotive composite will cross $5.5 billion by 2026. Growing use of composites to reduce vehicle weight will primarily propel the market demand.

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Automotive composites are light weight structures used in the manufacturing of several interior, exterior, and other auxiliary applications in vehicle. Rising adoption of hybrid and electric vehicles globally in line with governmental initiatives and support for enhancing the environmental quality will surge the automotive composites market size.

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Glass fiber segment dominates the market in 2019 and is anticipated to grow at the CAGR of around 6% from 2020 to 2026, led by high stiffness and relative strength over other fibers. Further, high heat resistance, low dielectric constant and cost effective nature these fibers will positively influence the product sales over the study period.

Injection manufacturing process segment in the automotive composites market accounts a fair share of over 15% in 2019 and is estimated to grow at significant rate till 2026. This is because it is considered to be a cost-effective solution for large-scale molding projects. Further, less energy usage coupled with less floor spacing will induce significant growth potential toward the revenue generation.

Automotive composites find usage in interior, exterior, structural and powertrain and other applications such as fenders, tail gate, and lift gate. Here, composites application for structural and powertrains account for one third of the industry due to extensive deployment of glass and carbon fiber for the structural components including chassis and body panels. Thus, introduction of lightweight materials for these components, will induce immense potential to the market growth.

Europe automotive composites market is likely to witness a growth of around 7% during the forecast period, owing to high demand from the countries including Spain, Germany, France, and the UK. Established automobile industry along with mandatory regulations to reduce CO2 emissions in vehicles will further contribute significantly toward the revenue generation in the market.

Prominent companies in the market include Cytec Solvay Group, Hexcel Corporation, Johns Manville Corporation, Toray Industries, Teijin Ltd., Mitsubishi Rayon Co., Ltd., and Owens Corning as key participants. Industry leaders are focusing on technology advancement, merger & acquisitions, and geographic expansion strategies in the long run.

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Table of Contents (ToC) of the report:

Chapter 3    Automotive Composites Market Insights
3.1    Industry segmentation
3.2    Industry landscape, 2016 – 2026
3.3    Industry ecosystem analysis
3.3.1    Raw material suppliers
3.3.2    Manufacturers
3.3.3    Profit margin analysis
3.3.4    Distribution channel analysis
3.3.4.1    End-users
3.3.4.2    E-commerce
3.3.5    Application
3.3.6    Vendor matrix
3.4    Pricing analysis
3.4.1    By region
3.5    Cost structure analysis
3.5.1    R&D cost
3.5.2    Manufacturing & equipment cost
3.5.3    Raw material cost
3.5.4    Others
3.6    Technology landscape
3.6.1    Carbon fiber reinforced thermoplastic composites (CFRTP) technology
3.6.2    Predictive engineering tools
3.7    COVID-19 impact on automotive composites industry
3.8    Regulatory landscape
3.8.1    U.S.
3.8.1.1    The National Highway Traffic Safety Administration (NHTSA)
3.8.1.2    California Standards
3.8.2    Europe
3.8.2.1    European Commission
3.8.3    APAC
3.8.3.1    China Emission Standards
3.8.3.2    Japan
3.8.3.3    India
3.8.3.4    South Korea
3.8.4    LATAM
3.8.4.1    Brazil
3.8.5    MEA
3.8.5.1    South Africa
3.9    Industry impact forces
3.9.1    Growth drivers by region
3.9.2    Industry pitfall & challenges
3.10    Innovation & sustainability
3.11    Growth potential analysis
3.12    Porter’s analysis
3.13    Competitive landscape, 2019
3.13.1    Company market share
3.13.1.1    Top players analysis
3.13.2    Strategy dashboard
3.13.3    List of manufacturing plants
3.14    PESTLE analysis

Browse Complete Table of Contents (ToC) @
https://www.gminsights.com/toc/detail/automotive-composites-market

About Global Market Insights, Inc.

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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Digital Retailing and Vehicle Leasing to Propel Automotive Recovery Path, Says Frost & Sullivan

Mobility verticals such as EV, vehicle rental, and connectivity solutions unlock new opportunities for OEMs

SANTA CLARA, Calif., May 27, 2020 /PRNewswire/ — Frost & Sullivan’s recent analysis, COVID-19 Growth Impact Assessment for the Automotive Industry, 2020, presents the impact of the pandemic on the automotive sector under three scenarios—gradual containment, severe pandemic, and global emergency—resulting in outcomes ranging from steady recovery to recession….

Mobility verticals such as EV, vehicle rental, and connectivity solutions unlock new opportunities for OEMs

SANTA CLARA, Calif., May 27, 2020 /PRNewswire/ — Frost & Sullivan’s recent analysis, COVID-19 Growth Impact Assessment for the Automotive Industry, 2020, presents the impact of the pandemic on the automotive sector under three scenarios—gradual containment, severe pandemic, and global emergency—resulting in outcomes ranging from steady recovery to recession. Under the severe pandemic scenario, original equipment manufacturers (OEMs) will try to capitalize on China’s early recovery from the pandemic, while overall economic relief measures in the U.S., Germany, France, and the U.K. will provide the necessary boost to the market in the post-recovery period.

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For further information on this analysis, please visit: http://frost.ly/44c

«Major Asian vehicle manufacturing countries such as China, Japan, and South Korea, which accounted for 40% of global vehicle production in 2019, are on the recovery curve. The other two major automotive manufacturing powerhouses, the U.S. and Germany, are expected to resume production partially by mid-June,» said Vigneshwaran Ramesh, Automotive & Transportation Senior Research Analyst at Frost & Sullivan. «Additionally, risk mitigation strategies such as offering financial flexibility and support to the entire ecosystem, including to dealers, suppliers and customers, will help OEMs of the world to revive.»

Vignesh added: «The impact of the pandemic on the automotive sector will unlock new opportunities for other mobility verticals such as electric vehicles (EV), vehicle leasing, and connectivity solutions. EV sales will experience a medium impact as China will revive fastest from the pandemic with manufacturing plants returning to normal. Further, new vehicle leasing for the corporate segment is expected to sustain moderate growth, owing to the demand for greater flexibility and short-term contracts, whereas OEMs will emphasize connectivity services to enhance their revenue stream.»

To tap into opportunities in this COVID-19 recovery era, consider the following growth prospects:

  • OEMs and dealers should focus on digital retailing and empower customers on their online journeys.
  • With the rise of eCommerce, light commercial vehicle (LCV) leasing and rental solutions are gaining traction, especially during the pandemic.
  • With increasing epidemic outbreaks (SARS, MERS, and COVID), OEMs can ramp up connectivity services, emphasizing the need for health, wellness and wellbeing services within the vehicle.
  • Contactless and touchless business concepts will leverage aftermarket opportunities, helping on-demand service models gain further momentum.

COVID-19 Growth Impact Assessment for the Automotive Industry, 2020 is part of Frost & Sullivan’s global  Automotive & Transportation Growth Partnership Service program.

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.

COVID-19 Growth Impact Assessment for the Automotive Industry, 2020 

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