#BYD Auto Industry Group

[jujuygrafico]

Morales se reunió en Panamá con los directivos de BYD Auto Industry Group

#Jujuy #Economía #GobiernoProvincial #Industria | #GerardoMorales se reunió en #Panamá con los directivos de #BYDAutoIndustryGroup

El gobernador de Jujuy, Gerardo Morales, se reunió en Panamá con los directivos de BYD Auto Industry Group, una organización comercial con amplia experiencia en el desarrollo de soluciones energéticas, productos de almacenamiento y celdas solares, para sentar las bases para entender el futuro con el objetivo de implementar proyectos de inversión en el provincia de Jujuy.De la reunión, celebrada…

[collapsedsquid]

“They’re not ready,” said Stella Li, chief executive of BYD Americas. “For BYD, we are ready. We are ready for technology, and we are more ready on supply chain,” she told NBC News in an exclusive interview in April at BYD headquarters in the southern city of Shenzhen, where SUVs, sedans and other gleaming models are displayed in the cavernous lobby. Despite lower price tags, Chinese EVs often have more powerful batteries and more advanced technology.

But they are not available in the U.S., where they face high trade barriers and allegations that Chinese government subsidies have given them an unfair advantage. The Alliance for American Manufacturing, an advocacy group, says the introduction of Chinese cars to the U.S. market would be an “extinction-level event” for the U.S. auto industry.

Is funny how the Big Electric Car Guy is so entangled with China that he would be in trouble if he lobbies for tariffs with China. Guess it's lucky for him that it doesn't look like he needs to.

[gerdfeed]

In Germany, BYD is already cooperating with seven large dealership groups that once exclusively sold VW, BMW and Mercedes.

Electric Shock: An Existential Crisis in the German Auto Industry

[semcoinfratechworld]

Unveiling the Structural Optimization Design of New Energy Vehicle Power Battery Packs

As the “heart” of new energy vehicles, the power package is the primary power source of the car and one of the key assemblies of electric vehicles; it plays a decisive role in the vehicle’s performance, and the battery pack’s performance is affected by parameters like the number of cells, energy density, and the box. 

There is still a certain gap in the range of pure electric vehicles compared to traditional fuel vehicles, and users are concerned about the safety of battery packs. The global power battery pack industry chain has developed rapidly in tandem with the development trend of new global energy vehicles. 

1. Studying the Optimization Design of the Power Battery Pack Structure of Pure Electric Vehicles is of Great Significance

Basic Requirements For the Design of a Power Battery Pack: within a limited space volume, based on meeting the power storage capacity to meet the needs, minimizing the damage to drivers and passengers by traffic accidents, and making them as lightweight as possible.

Structural Design Requirements of Power Battery Pack: structural strength, collision safety, fatigue reliability, ventilation and heat dissipation, insulation, and waterproofing, electromagnetic compatibility, etc.

The Research Direction of Power Battery Pack: Based on giving priority to the selection of appropriate high-energy ratio monomer cells, it is also an urgent need to study and optimize from the perspective of battery pack structure design to develop power battery packs with higher range, higher safety, and wider environmental temperature application range.

2. The Development Status of Power Battery Packs at Home and Abroad

Globally, leading automakers are actively creating new energy-electric vehicles, and one of the key elements determining how competitive these auto markets are is the longevity of power batteries.

International Mainstream Vehicle-Mounted Power Battery Pack

The premium all-electric model, which has a NEDC range of more than 600 kilometers and is backed by ternary lithium battery cells, is a product of the major automakers in the US, Germany, Japan, and South Korea. Mainstream automakers now prioritize using batteries made by Panasonic, LG, Samsung, and other Japanese and Korean companies.

Tesla introduced a battery pack based on 46800 single cells and improved the pack in line with the trend of increasing capacity and decreasing the number of single cells. The battery pack’s overall energy density has significantly increased due to the reduction of single cells to 960.

Domestic Mainstream Vehicle Power Battery Pack

Domestic mainstream automakers typically switch from using high-end models of batteries to ternary lithium batteries over time. The majority of the models in the middle and lower price range are lithium iron phosphate monomer cells, but overall the selection is not as high as the international advanced level.

A “blade battery” based on lithium iron phosphate was released by BYD. It combines the integrated design of the battery pack structure and the chassis to achieve flattening and lengthening of the cell by decreasing the thickness and lengthening the cell.

Cell Batteries of Domestic and Foreign Automobile Enterprises

An onboard power battery package that is correctly grouped into a single lithium-ion battery cell and integrated into the box body is the power battery that is most frequently used. The majority of current research on battery pack structure design concentrates on temperature field simulation, dynamic analysis, and structural optimization design. Numerous high-performance power battery packs have been developed as a result of these studies, which have also reliably supported the mass production of battery packs technically.

3. Mechanical Structure Design of Battery Pack

To meet the requirements of battery pack safety and onboard environmental excitation, the module must have high structural stability, strength, and stiffness. Its size should also be restricted to fit inside the battery box and allow for the installation of necessary electrical components. Additionally, the battery pack’s mechanical structure features a “⊥” type and an “earth” font. The installation location and the vehicle layout’s envelope space size impose restrictions on the design of the battery pack structure. Combining the integrated body and chassis design is the standard design approach. The vehicle structure indicates that the squeeze impact of the battery pack body can, to a certain extent, lessen the likelihood of collision safety accidents.

4. High-Voltage Electrical Design of Battery Pack

5. Thermal Management Design of Battery Pack

Maintaining the battery temperature within the proper working range of 10°C to 40°C is the goal of thermal management design, particularly to prevent or reflect local overheating. To regulate the lithium-ion battery pack’s internal temperature on schedule, a suitable thermal management system must be designed. Phase change cooling, liquid cooling, and forced air cooling are the three main components of the thermal management system.

Air Cooling Method: low cost, average heat dissipation effect, difficult to meet requirements under extreme conditions.

Phase Change Cooling: expensive and not suitable for current market demand.

Liquid Cooling Method: good heat dissipation effect and good heat dissipation and heating conversion, which is the main application method at present.

6. Integrated Design of Battery Pack

Power battery technology and related integrated management technologies have emerged one after another in tandem with the swift development of new energy vehicles. New technologies in the areas of material science (cobalt-free materials, for example), process science (blade batteries, etc.), integrated technologies (CTP, etc.), and management science (bullet batteries, etc.) have amassed material factories and batteries. The most recent R&D and application outcomes from auto factories.

The electric vehicle’s power source is the battery pack, of which the battery cell is the smallest component. Currently, the market is dominated by two structural methods: MTP (Module to Pack) and CTP (Cell to Pack). The newest battery system technology, CTC (Cell to Chassis), is used by Tesla, BYD, and Zero Run.

There is still space for improvement in the power battery pack of domestic automakers, as it is impacted by various factors like the low energy density of the battery cell, structural design flaws in the battery pack, and insufficient efficiency of the battery thermal management system. The integrated structure design and battery pack power, from the monomer to the system, are the main influencing factors. Therefore, by choosing suitable high-energy ratio monomer cells, it can be examined and optimized from the standpoint of battery pack structure design.

[jwttools]

Super High-Speed Circular Saw Machine Tool

With the great effort by innovation of the R&D center, the new SK series super high-speed circular saw has implemented many technological innovations, which make the technology of the SK series super high-speed circular saw one of the technologies in its industry. Ground-making concepts have been implemented, from the automatic feeding system to the front clamp vise without material tail device to the transverse horizontal feed sawing method and saw blade clamping system, as well as the oil mist collection device and fiber-optic servo electronic control system, The fiber-optic servo electronic control system makes the SK series super high-speed circular saw more intelligent, easier to maintain, faster in communication and lower in failure rates.

The SK series super high-speed circular saws have become the favorite machines in the industry due to their high-tech features such as high speed, economy, stability, precision, integration and specialty. Jingweite Company was awarded the title of "Excellent Forging Equipment Supplier" by the China Forging Association in 2015 and 2016.

SK series super high-speed circular saws earned the favor of well-known domestic enterprises such as Changan Automobile, BYD Auto, Pacific Precision Forging, Hengxing Group, Yuejin Forging, Sanlian Forging, Dayang Precision Forging, etc. Meanwhile SK series are also exported to Turkey, Belarus, South Korea, India and other countries.

ZHEJIANG JINGWEITE MACHINE TOOL CO.,LTD.

No.661 Jiyi Road, Wanghai Hi-tech Industrial Park, Haiyan, Jiaxing City, Zhejiang Province

TEL:+86-0573-86035661

E-Mail: fenli@jwttools.com

[tmr-blogs2]

Electric Vehicle (EV) Platform Market Estimated to Reach Revenue of US$ 65.5 Billion by the End of 2031

The global electric vehicle (EV) platform market is likely to grow at a CAGR of 24.6% from 2022 to 2031. The EV platform is a charging station consisting of underbody components and suspension. The vehicle's body and chassis are merged into the flooring, thereby ensuring that the EV remains lightweight. Increase in adoption of EVs across the world is projected to be a key factor propelling global electric platform (EV) platform industry.

Customizable EV platforms are being designed, modified, and constructed to support different EV models. EVs have now become more affordable owing to this technology. Customized EV platforms have low material cost offering superior performance. This is because modular electric vehicle platforms are designed, built, and modified for accommodating different variety of electric car models. Low operational and maintenance costs of EVs are projected to increase sales. This presents significant business opportunities in the electric vehicle (EV) platform market owing to the projected increase in the sales rate of EVs in the next few years.

According to TMR report, the global electric vehicle (EV) platform market stood at US$ 7.2 Bn in 2021 and is anticipated to reach US$ 65.5 Bn by the end of 2031. Rise in government support to set up charging stations for EVs is projected to bolster market expansion in the near future.

For More Details, Request for a Sample of this Research Report: https://www.transparencymarketresearch.com/ev-platform-market.html

Key Findings of Study

Imposition of Regulations on Internal Combustion Engines: Governments across the world have imposed strict emission standards on vehicles to minimize the harmful effects of exhaust fumes. Deployment of federal regulations that restrict gasoline and diesel-powered automobiles is one of the primary reasons for customers' shift toward EVs. This is projected to create significant business opportunities in the electric vehicle (EV) platform market during the forecast period.

Continuous Efforts in R&D to Lower Cost of Battery for EVs: The need for long lasting battery backup when the EV is on road is increasing as all EVs run on batteries. Rise in demand for zero-emission vehicles is projected to bolster the need for batteries in vehicles. This, in turn, is likely to bolster the electric vehicle (EV) platform market during the forecast period. Most manufacturers of the EV platform are investing significantly in research & development of better battery performance and battery packs that are affordable. This is likely to augment the global market for EV platform during the forecast period.

Key Drivers

Rise in demand for zero-emission vehicles is expected to boost the global market during the forecast period

Increase in adoption of new technologies for emission control is likely to augment the need for EV platform, thereby driving the global market

Regional Growth Dynamics

Asia Pacific accounted for dominant share of the global electric vehicle (EV) platform market in 2021. The trend is anticipated to continue during the forecast period owing to the presence of major vehicle manufacturers and OEMs in the region.

Expansion of production units and increase in focus on technological advancements in the EVs industry are projected to drive the electric vehicle (EV) platform market development during the forecast period

Key Players

Notable players in the global electric vehicle (EV) platform market are Zoyte, Volvo Cars, Volkswagen AG, Toyota Motor Corporation, SAIC Motor Corporation Limited, Rivian, Nissan Motor Corporation, Kia America Inc., JAC Motors, Hyundai Motor Company, Honda Motor Co. Ltd., Mercedes-Benz Group, Byton, BYD Company, BMW AG, BAIC Group, Tesla, Chery, Faraday &Future, Inc., Geely Auto, Honda Motor, and Fisker, Inc.

Electric Vehicle (EV) Platform Market Segmentation

Component

Chassis

Battery

Suspension System

Steering System

Drivetrain

Vehicle Interior

Others

Electric Vehicle (EV) Type

Battery Electric Vehicle (EV)

Hybrid Electric Vehicle (EV)

Platform

P0

P1

P2

P3

P4

Vehicle Type

Passenger Vehicle

Hatchback

Sedan

Utility Vehicle

Light Commercial Vehicle

Heavy Duty Truck

Bus & Coach

Sales Channel

OEM

Aftermarket

Region

North America

Europe

Asia Pacific

Middle East & Africa

South America

Buy this Premium Research Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=68843&ltype=S

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:

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Website: https://www.transparencymarketresearch.com  

[awesome-casuallyfamouscollector]

New vehicle sales by BYD grew 40% on the year to 980,000 units for the quarter, even as the majority of leading automakers, including Toyota Motor and Volkswagen Group, suffered a decline. Much of BYD's uptick stemmed from overseas sales, which roughly tripled on the year to 105,000 units.

BYD had ranked 10th in the world in April-June 2023 with sales of 700,000 vehicles. It has overtaken Nissan and Suzuki Motor since then, and beat Honda on a quarterly basis for the first time in the latest quarter(..)

P.S. Clear proof that ICE vehicle manufacturers are losing battle against affordable and easily available EVs...! Legacy automakers have only themselves to blame! Already in 2017, the old companies received a clear warning that it is possible to build an electric car of a reasonable design at an affordable price in large quantities, but the legacy automakers IGNORED this warning! Their response strategy was simple and completely stupid: 1) part of the legacy automakers declared that it is impossible to produce cheap electric cars because it is impossible and did absolutely nothing; 2) the second part started telling everyone how they will overtake Tesla and Chinese car manufacturers, because they supposedly have experience and capabilities (but in reality, buyers received super-expensive luxury cars or small-volume, badly overpriced compliance EVs, which were created by adapting ICE vehicle platforms with mediocre performance...and first customers abandoned without charging network support!

The latter argument is then used by the corrupt media to tell how impossible it is to introduce electric cars, forgetting that Tesla's Supercharger network and Chinese electric car manufacturers are right next door...!!!

You, the managers and shareholders of the old companies were warned in time, but you decided to do nothing, cheat, lie and pretend that car business can continue as usual...

[trueenewshub]

Chinese Auto Giant Launches In India But Taxmen Shows The Door.

India-China relationship have been peevish. BYD, the global challenger to Tesla, is unwelcome in India despite its offer to make million-dollar investment. BYD Auto is facing an ongoing investigation that it paid less tax on imported parts for cars it assembles and sells in the country.

Though BYD has paid a tax amounting to USD 9 million, this seems to be too less and could lead to additional tax charges and penalties. India taxes imports of fully built electric cars at 70% or 100% based on the value of the vehicle, but levies 15% or 35% on imports of car parts that are then assembled locally into an EV. Those lower rates, however, are only applicable when parts such as a battery pack or motor are imported, without being mounted on a vehicle chassis. One of the sources said BYD had not met these conditions, making it liable to pay either 70% or 100% depending on the value of the car.

Officials at BYD have been facing difficulties in obtaining Indian visas for over a year. Their plans to meet chosen designates in India met with Visa constraints.

Megha Engineering is negotiating with BYD to assemble the Atto 3 and E6 electric cars in India. However, their proposal for a USD1 billion equal joint venture is still pending approval from India's Department for the Promotion of Industry and Internal Trade

It is now considering exempting proposals where the so-called beneficial ownership is less than 10%, which means the investor may be from a neighbouring country but holds only a small stake in the firm proposing the investment. Though that does not apply to all. The blue-eyed boys of the Prime Minister like PayTM are an exception.

The aim is to localise the distribution structure in India, two industry executives said. Vivo and Oppo are the largest brands of China's biggest smartphone manufacturer BBK Group.

[speedyposts]

Carmakers at risk of using Uighur forced labour in China, HRW says

Taipei, Taiwan – Top carmakers, including General Motors, Toyota, Volkswagen, Tesla and BYD are at a high risk of using aluminium produced by forced labour in China’s Xinjiang province, a report by Human Rights Watch (HRW) has found.

China is the world’s largest car manufacturer as well as the largest producer of aluminium, which is used in tyres, windshield wipers, electric vehicle (EV) batteries and other automotive parts.

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Dabiri-Erewa warns Nigerians against irregular migration, Especially to Canada

The Nigerians in Diaspora Commission (NiDCOM), Abike Dabiri-Erewa, has urged Nigerians travelling abroad to go legitimately and with proper documentation

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As much as one-fifth of China’s aluminium is produced by smelters in Xinjiang, where human rights groups believe more than one million ethnic minority Muslims have been subjected to internment and other abuses including forced labour and forced sterilisation.

HRW said in its report that carmakers are doing little to track their supply chains in China, and, in some cases, have succumbed to Chinese government pressure to apply weaker sourcing standards at their Chinese joint ventures than in their global operations.

“Most companies have done too little to map their supply chains for aluminium parts and identify and address potential links to Xinjiang,” the rights group said in its 99-page report released on Thursday.

“Confronted with an opaque aluminium industry and the threat of Chinese government reprisals for investigating links to Xinjiang, carmakers in many cases remain unaware of the extent of their exposure to forced labour. Consumers should as a result have little confidence that they are purchasing and driving vehicles free from links to abuses in Xinjiang.”

China has been accused of carrying out an aggressive programme of forced assimilation against Uighurs and other ethnic minority Muslims for more than a decade, leading to the internment of more than a million people in what Beijing has described as “vocational training centres”.

China has denied committing human rights violations in the region and insisted its programmes targeting ethnic minority Muslims have reduced radicalisation and terrorism.

In its report, HRW said “credible evidence”, including Chinese state media articles, company reports and government statements, indicates that aluminium producers in Xinjiang are participating in government-backed labour transfer programmes.

While countries including the United States have banned products made in Xinjiang, materials like aluminium can be difficult to trace, the New York-based rights group said.

Xinjiang aluminium often takes the form of ingots, which can be melted down with other materials to make aluminium alloy, easily concealing its provenance.

Michael Dunne, CEO of Dunne Insights and an expert on China’s automotive industry, said that mapping supply chains in China can be an extremely difficult task.

“Supply chains for automakers in China are somewhere on the spectrum between exceptionally byzantine and an iron-clad black box,” Dunne told Al Jazeera. “It’s like counting to infinity – you might make progress but you’ll never get there.”

HRW said car manufacturers should do more to map their supply chains or put pressure on their joint partners in China to do the same.

HRW said Volkswagen said in response to inquiries that the carmaker has “no transparency about the supplier relationships” with its joint-venture partners in China.

HRW said General Motors, Toyota and BYD did not respond to inquiries, but General Motors noted in its annual report the difficulty of tracing their Chinese supply chain.

Tesla, which does not operate with a joint venture, said it had “in several cases” mapped its supply chain back to the mining level and not found evidence of forced labour but did not specify further, according to HRW.

The five carmakers did not respond to Al Jazeera’s requests for comment.

Duncan Jepsen, a supply chain expert and UK-trained solicitor, said tracing supply chains is an issue of cost and will on the part of manufacturers.

“For an NGO, it may be difficult to track a supply chain in China. In other places in China, for a large, well-capitalised car manufacturer with no financial resources … I think the answer is it’s expensive, maybe. But it’s not that hard,” Jepsen told Al Jazeera.

“And that’s really the crux of the problem … It’s challenging and difficult and almost impossible if you want to spend nothing on it,” he added.

China’s huge market also gives it leverage over carmakers.

On top of being the world’s largest vehicle manufacturer, China is also the largest market for vehicle sales – with 23.5 million vehicles sold in 2022 compared with 13.6 million in the US, according to HRW.

“That’s the catch-22 they’ve got is that it’s not a country that they particularly want to leave,” Jepsen said.

“So if they want their market penetration, it’s going to be a big strategic decision of how auto manufacturers handle this. And it’s going to be interesting to watch.”

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Dabiri-Erewa warns Nigerians against irregular migration, Especially to Canada

The Nigerians in Diaspora Commission (NiDCOM), Abike Dabiri-Erewa, has urged Nigerians travelling abroad to go legitimately and with proper documentation

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[martin-cambell]

Top 3 Game-Changing Electric Car Companies in India 2024

In the ever-evolving landscape of the Indian automotive industry, the growing interest and demand for electric vehicles (EVs) have placed several companies at the forefront of innovation. As the world pivots towards sustainable mobility solutions, India is experiencing a transformative shift, with electric cars gaining popularity. Among the contenders, three standout companies are leading the charge in shaping the future of electric mobility in the country.

Mahindra Group: Founded in 1945, Mahindra Group has become one of the world's largest multinational federations of companies, with a significant presence in over 100 countries. In August 2022, Mahindra unveiled its ambitious "Born Electric" vision, signifying a global leadership shift in the electric automotive space. The launch of the XUV400 EV in February 2023 marked Mahindra's commitment to spearheading the electric revolution. With a sleek design, intelligent features, and exceptional performance, the XUV400 EV showcases Mahindra's dedication to providing a stylish, comfortable, and high-performing electric SUV.

Hyundai Motor Company: A trailblazer in Korea's automobile sector, Hyundai Motor Company has evolved into a globally recognized automotive manufacturer. Hyundai's commitment to innovation extends to the mass production of hydrogen-powered vehicles and the launch of GENESIS, a high-end brand. The Hyundai IONIQ 5, awarded the 2022 World Car Award for Best Car, represents a revolutionary electric SUV with futuristic design, cutting-edge technology, and exceptional performance. With an impressive range, fast-charging capability, and safety features, the IONIQ 5 redefines expectations in India's electric car landscape.

BYD Auto: Established in 1995, BYD stands as a top high-tech enterprise in China, specializing in IT, automobiles, and new energy solutions. BYD Auto, the automotive arm of BYD, has emerged as the most innovative independent national electric car company. The BYD E6, a standout in the realm of electric vehicles, embodies advanced technology, impressive range, and eco-friendly performance. With popularity in the taxi and ride-hailing industries, the E6 reflects BYD Auto's dedication to providing sustainable transportation solutions.

In conclusion, as India moves towards a greener future, these electric car companies are at the forefront of innovation, efficiency, and environmental consciousness. Their commitment to shaping a cleaner and more sustainable automotive landscape marks a significant chapter in the evolution of the Indian electric car market.

To read more, click here.

[sufferfly1]

Electric Truck Market : A Comprehensive Overview of the Industry's Key Players and Trends

Report Overview

Polaris Market Research announces the release of a new report Electric Truck Market by Share, Size, Trends, Future Growth, and Demand Analysis 2056. The research report conducts an in-depth market study to provide a comprehensive analysis of the current state and future potential of the Electric Truck Market. It covers several aspects, including industry size, key players, growth drivers, key opportunities, and challenges. Besides, market segmentation, competitive landscape, and regional analysis are detailed in the report.

The research study aims to assist stakeholders, investors, and businesses in making more informed decisions and formulating effective strategies to stay ahead of the curve. In addition, the impact of technological advancements, changing consumer preferences, and rising demand for innovative services on the market is covered. The report is a must-read for anyone currently involved or interested in the industry.

Request Our Free Sample Report for Electric Truck Market Insights and Emerging Trends @https://www.polarismarketresearch.com/industry-analysis/electric-truck-market/request-for-sample

According to the research report published by Polaris Market Research, the Global Electric Truck Market Size Is Expected To Reach USD 43.89 Billion By 2028, at a CAGR of 41.1% during the forecast period.

Competitive Landscape

The research study analyzes the current competitive environment of the market by providing information regarding Report Keyword key players. The competitive landscape section covers several aspects of industry players, including their sales volume, market share, price, and gross margin. Additionally, important information about strategic developments such as mergers, acquisitions, and collaborations is provided in the report.

Major Key Players

AB Volvo

BYD Auto Co. Ltd

Daimler AG

Dongfeng Motor Corporation

Einride

E-Trucks

FAW Group Co. Ltd.

Foton Motor Inc.

Isuzu Motors Ltd

Navistar

PACCAR Inc.

Scania

StreetScooter

Tevva Motors Limited

Volta Trucks

Make an Enquiry before Buying: https://www.polarismarketresearch.com/industry-analysis/electric-truck-market/inquire-before-buying

Growth Drivers

Key trends: The report identifies and analyzes the key trends and drivers that are shaping the growth trajectory of the Electric Truck Market.

Technological advancements: Advances in technology and their overall impact on the industry have been covered in the report.

Regulatory landscape: The research study provides an in-depth examination of the regulatory environment to help stakeholders seize opportunities and mitigate potential challenges.

Buy this Premium Research Report: https://www.polarismarketresearch.com/buy/833/2

Segmental Analysis

The Electric Truck Market segmentation is primarily based on type, application, end use, and region. A comprehensive analysis of each of these segments is detailed in the report. Besides, the study sheds light on all the major sub-segments in the market. That way, stakeholders can better understand the needs of their customers and align their business strategies accordingly.

Regional Overview

The study offers additional insight into the regional market distribution, covering industry trends, revenue sources, and potential opportunities. Also, it offers predictions for revenue growth at regional, national, and global levels. Other important factors like pricing, production capacity, supply and demand ratios, and projected Electric Truck Market sales are detailed in the report.

The Geographical Analysis Covers Following Key Regions:

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and the Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and the rest of South America)

The Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa, and the Rest of the Middle East and Africa)

Key Highlights of the Report

A descriptive analysis of the demand-supply gap and forecast in the global market.

Bottom-up and top-down approaches for regional analysis.

Covers a SWOT analysis of key players and the overall Electric Truck Market.

Includes both primary and secondary research methods to provide a thorough market understanding.

Porter’s Five Forces model provides an in-depth examination of industry vendors, substitutes, and competition among industry players.

Provides a detailed picture of the market by including value chain analysis.

The Report Answers Questions Such As

What is the current size and projected value for the market?

What are the key factors driving the Electric Truck Market demand?

Which is the leading segment in the industry?

What are the potential attractive investment opportunities in the market?

At what CAGR is the market projected to grow over the forecast period?

Where will strategic developments take the Electric Truck Market in the short to long term?

Browse Additional Details on: https://www.polarismarketresearch.com/industry-analysis/electric-truck-market

About Us

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[omegatrades]

BYD Is a Hot EV Stock Pick and Worth Buying Right Now

BYD vs. Tesla: A Rivalry Unfolding

While Tesla dominates the EV conversation, it's time to divert our attention to China’s BYD, presenting a compelling case for investment in the EV market. Tesla's stock soared over 100% this year, overshadowing other EV players like Lucid Group, Fisker, and Polestar Automotive Holding. In contrast, BYD's stock, despite its financial strength and impressive growth, has lagged, creating an undervaluation opportunity for investors.

BYD's Success Metrics

BYD's prowess lies in its sales volume and financial performance. Notably, it outstrips Tesla in terms of total electric vehicle sales, combining both electric and plug-in hybrids. Despite Tesla's towering market cap and global presence, BYD's strategy, primarily centered in China, has yielded substantial gains. With an average car price significantly lower than Tesla's, around $27,000 compared to Tesla's $45,000, BYD has captured a substantial market share in China's growing EV market.

Impressive Growth Trajectory

BYD's stellar growth trajectory is undeniable. The company witnessed a remarkable 70% surge in vehicle sales, outpacing the overall growth rate in the Chinese battery-powered car market. The sale of both BEVs and plug-in hybrids soared, contributing to over 37% of China's new car sales in November. Currently, BYD claims more than a quarter of all BEVs produced in China, doubling Tesla's market share, and this growth trend seems set to continue.

Near-Term Projections

A noteworthy development is BYD's imminent challenge to Tesla's throne as the top electric vehicle manufacturer. In the coming quarter, projections indicate that BYD might surpass Tesla's all-electric vehicle sales, a significant shift in the industry's dynamics. Analysts foresee BYD shipping around 500,000 units, potentially edging out Tesla's estimated 475,000 shipments.

Financial Parity with Different Valuations

Despite similar operating profits and margins, Tesla boasts a colossal market cap compared to BYD. This disparity, however, seems unjustified considering both companies' comparable financial performances. Tesla trades at a significantly higher valuation of 64 times 12-month forward earnings, while BYD trades at 13 times earnings.

BYD's Undervaluation and Growth Potential

BYD's undervaluation becomes glaringly obvious when considering its growth prospects. With a Price/Earnings to Growth (PEG) ratio at 0.5, significantly lower than Tesla's and the S&P 500's, BYD emerges as an enticing investment option. Analysts echo this sentiment, with over 90% recommending a 'Buy' rating and an average price target of $42.62, representing a 65% increase from current levels.

The Path Ahead for BYD

Despite challenges associated with buying BYD stock, such as limited trading options and low volume for American depositary receipts (ADRs), the growth story remains compelling. Moreover, BYD's international expansion, marked by increased exports, promises higher profitability. As the company gears up to showcase its autonomous-driving technology developments, analysts anticipate this move to act as a catalyst, further boosting its stock value.

Summary: Why BYD is the Hottest Stock Right Now

In summary, while Tesla has undoubtedly set the benchmark in the EV market, BYD emerges as a strong contender poised for substantial growth. Its undervaluation, remarkable sales figures, and imminent challenge to Tesla's dominance make BYD a compelling buy in the evolving landscape of auto stocks. As investors consider the future of EVs beyond Tesla, BYD presents a lucrative opportunity to diversify and capitalize on a burgeoning market segment.

Investors looking for a hot EV stock to buy or contemplating auto stocks for investment in 2024 should seriously consider BYD. The numbers speak for themselves, indicating a bright future for this Chinese electric vehicle manufacturer.

Want More? Get AI Stock Pick Reports.

[cybervehiclebuilding]

Top 3 Game-Changing Electric Cars Company in India 2023

In the dynamic landscape of the Indian automotive industry, the surge in interest and demand for electric vehicles has propelled several companies to the forefront of innovation. As the world pivots towards sustainable mobility solutions, India, too, is witnessing a transformative shift with electric cars gaining popularity. Among the contenders, three standout companies have emerged as leaders in shaping the future of electric mobility in the country.

This article delves into the topic of electric cars company, discussing top three ones in India, unraveling their contributions to the burgeoning EV market and their efforts to redefine the driving experience for Indian consumers.

Top Electric Cars Company in India

Mahindra Group

Hyundai Motor Company

BYD Auto

Conclusion

FAQs

1.Mahindra Group

Founded in 1945, Mahindra Group has emerged as one of the world’s largest and most esteemed multinational federations of companies including being an electric cars company, boasting a robust presence across 100 countries. With a staggering USD 19.4 Billion in valuation, the group provides employment to a vast workforce of 2,56,000 individuals.

Born Electric Vision

In August 2022, Mahindra unveiled its ambitious “Born Electric” vision, signaling a transformative shift toward global leadership in the Electric Automotive Space. The grand India launch of this electric cars company was on February 10, 2023, marked Mahindra’s commitment to spearheading the electric revolution, with Mahindra Electric Automotive Ltd. (MEAL) taking charge of this monumental endeavor.

XUV 400 EV

Mahindra’s foray into the electric SUV segment is epitomized by the XUV400 EV, priced at ₹15.98 Lakhs. Crafted with innovation at its core, this electric compact SUV inherits sleek lines, bold contours, and a commanding presence from its XUV300 predecessor. True to Mahindra’s legacy, the XUV400 EV showcases a stylish and contemporary aesthetic, embodying a commitment to spaciousness, comfort, and invigorating performance.

Intelligent Ecosystem

The XUV400 EV boasts a plethora of intelligent features, from a captivating digital instrument cluster to a cutting-edge touchscreen infotainment system with seamless smartphone connectivity. Mahindra’s vision for the electric future is not merely functional; it’s an immersive experience that aligns with the evolving expectations of today’s discerning customers.

Exceptional Performance

Positioned as an electric cars company leader in the burgeoning electric SUV market, the XUV400 EV combines striking design, exceptional performance, and remarkable efficiency. With specifications like 181 horsepower, 310 Nm of torque, and an acceleration from 0 to 100 kmph in just over 8.3 seconds, it offers a thrilling driving experience. The impressive range of 456 km on a single charge and a fast-charging capability reaching 80% in just 50 minutes make the XUV400 EV a standout choice in India’s electric car landscape.

Read Full Features of XUV 400 here!

2. Hyundai Motor Company

Hyundai Motor Company stands as the trailblazer in Korea’s automobile sector, pioneering advancements since the introduction of its exclusive technology, the Pony. This electric cars company has evolved into a globally recognized automotive manufacturer with a presence in over 200 countries. Hyundai’s commitment to innovation extends to the mass production of world-first hydrogen-powered vehicles and the launch of GENESIS, a high-end brand. A leader in autonomous driving and connectivity technologies, Hyundai aims to propel the future of mobility and seeks technological innovations for the betterment of humanity.

The Game-Changer Hyundai IONIQ 5

The IONIQ 5 by Hyundai electric cars company, honored with the 2022 World Car Award for Best Car, is a revolutionary electric SUV. Inside, the IONIQ 5 offers a luxurious and spacious cabin where innovation meets comfort. A remarkable 12.3-inch touchscreen infotainment system dominates the dashboard, featuring Apple CarPlay, Android Auto, and built-in navigation. Safety features include adaptive cruise control, lane-keeping assist, and automatic emergency braking.

Futuristic Design and Technology

Introduced in 2021, Hyundai’s IONIQ 5 stands out in India’s electric car landscape. This futuristic crossover SUV seamlessly glides on Hyundai’s Electric-Global Modular Platform (E-GMP), crafted exclusively for electric vehicles. The IONIQ 5 not only represents cutting-edge technology but also captivates with its stunning design, marking a significant stride in the evolution of electric mobility.

Exceptional Performance

The Hyundai electric cars company has produced the IONIQ 5 with a set of innovative backends. It boasts impressive specifications, including a potent 305 horsepower, 604 Nm of torque, and acceleration from 0 to 100 kmph in just 7.6 seconds. With a remarkable range of 631 km on a single charge, the IONIQ 5 offers extended journeys without compromising performance. Its fast-charging capability enables an 80% charge in just 18 minutes, adding to the allure of this electric marvel. Available in captivating color variants like Digital Teal, Gravity Gold, and Mystic Olive, the IONIQ 5 redefines expectations in the realm of electric vehicles.

Read Full Features of Hyundai IONIQ 5 here!

3. BYD Auto

Established in 1995, BYD stands as a top high-tech enterprise in China, specializing in IT, automobiles, and new energy solutions. Renowned as the largest supplier of rechargeable batteries globally, BYD has consistently dominated markets for various battery types and electronic components, solidifying its position as a technological powerhouse.

Leading the Electric Revolution

BYD Auto, the automotive arm of BYD, has emerged as the most innovative independent national electric cars company, particularly excelling in electric vehicles (EVs). Pioneering unique technologies, BYD Auto has taken the lead in the field of electric mobility, showcasing a commitment to sustainable transportation solutions.

BYD E6

The BYD E6 by BYD electric cars company, a standout in the realm of electric vehicles, embodies the fusion of advanced technology, impressive range, and eco-friendly performance. Driven by a 71.8 kWh lithium-ion iron phosphate battery pack, the E6 offers swift acceleration, a smooth and quiet ride, making it an ideal choice for both daily commutes and long-distance journeys.

Advanced Technologies and Comfort

Among electric cars in India, the BYD E6 incorporates cutting-edge technologies, featuring a touchscreen infotainment system, seamless smartphone connectivity, and a comprehensive suite of safety features. The vehicle provides a spacious and comfortable environment, making it a compelling choice for electric vehicle enthusiasts.

Practicality and Popularity

The BYD E6 has gained popularity, particularly in the taxi and ride-hailing industries, owing to its practicality, reliability, and low operating costs. Serving as an environmentally conscious option, the E6 stands as a testament to BYD Auto’s dedication to providing sustainable transportation solutions.

Impressive Specifications

With specifications like 121 horsepower, 180 Nm of torque, and an acceleration from 0 to 100 kmph in just 8 seconds, the BYD E6 offers a thrilling driving experience. Its remarkable range of 415 km on a single charge and a fast-charging capability reaching 80% in just 30 minutes positions it as a competitive and eco-friendly choice in the world of electric mobility.

Distinctive Styling

Available in three different colors — Doctor Black, Blue, and Crystal White, the BYD E6 not only excels in performance but also stands out with its distinct and appealing aesthetics, reflecting BYD- the electric cars company’s commitment to both substance and style.

Read Full Features of BYD E6 here!

Conclusion

As India accelerates towards a greener tomorrow, the commitment of an electric cars company to innovation, efficiency, and environmental consciousness reflects a promising trajectory. With each passing year, these leaders in manufacturing electric cars continue to steer the course towards a cleaner and more sustainable automotive landscape, marking a significant chapter in the evolution of the Indian electric car market.

[tenacioususedcars]

Chinese Car Makers Making A Global Impression

While the South African automotive market sees the introduction of new models from Chinese automakers almost monthly, there are hundreds of other brands on offer from the Far East nation. Here are four taking the world by storm.

These car brands are already quite affordable compared to other car brands, but if you shop used cars for sale in Mossel Bay - you’ll pay even less.

MG

If it sounds like that familiar name and badge, it is! While officially of British origin, MG has become one of the most globally recognized car brands, predominantly under SAIC ownership since 2006. In 2022, it emerged as the most popular “domestic” brand beyond China’s borders. Its potential lies in its capacity to manufacture appealing and highly competitive electric vehicles suitable for both developed and developing economies. Notably, in the first half of 2023, MG secured its position as the fourth best-selling Battery Electric Vehicle (BEV) brand in Europe, surpassing established mainstream competitors like Renault, Peugeot, and Hyundai.

With nearly a century of history in the automotive industry, MG’s recent success can be attributed to SAIC’s stewardship. In fact, MG’s sales have skyrocketed from a modest 3 500 units in 2013 to approximately 450 000 units just last year.

The MG story from this millennium is potentially one of the most calculated, utilising a familiar European name to gain market share in its continent of origin while all production and profits are handled by SAIC. Like many in this list, it is unlikely the formerly British automaker will arrive in South Africa any time soon, it changing to an electric vehicle-only brand by 2027. For now, their lineup includes EV, PHEV and ICE models.

BYD

Ceasing production of internal combustion-powered vehicles last year, BYD is the only automaker on this list that has recently expanded into South Africa’s ranks. Offering the Atto 3 for upwards of R768 000, the brand serves as one of the most affordable entries into the world of electrification. In Europe, it remains relatively modest, but the company has been making significant strides in other global markets. It has established itself as one of the world’s most rapidly expanding automotive brands, primarily due to its diverse lineup of plug-in hybrid and fully electric vehicles.

Did you know: BYD stands for ‘Build Your Dreams’, and was founded in 1995 to make electric batteries. Since then, it has merged into the gap of creating EVs through its subsidiary BYD Auto which we have here.

BYD occupies a unique niche, straddling the line between the mainstream and premium segments. This positioning enables it to penetrate other markets like Latin America, the Middle East, and Southeast Asia, where not everyone can afford high-end electrified vehicles. Impressively, BYD has introduced six production models since January 2022. More impressively, the automaker also boasts an all-electric supercar that has some impressive tech and ludicrous performance.

Lynk & Co (Geely Group)

Geely? Yes, that Geely. They existed in South Africa for a brief moment before exiting, once more. Despite this, the massive conglomerate owns Geely Auto, Geometry, Lynk & Co, Livan, Proton Cars, Volvo Cars, Polestar, Zeekr, Lotus Cars, Lotus Technology, Smart, London Electric Vehicle Company and Radar Auto to name most. While some of these are joint ventures, this is nonetheless an impressive portfolio.

Their subsidiary Lynk & Co boasts a Chinese-Swedish heritage. Founded in Gothenburg, Sweden, in 2016, the focus of the brand is on internet connectivity and innovative purchasing platforms and targets a young professional demographic. This means that their lineup of EVs and PHEVs is a fairly common sight in Europe. There are plans to expand into the US, too. While also moving towards an electrified future, the brand could potentially arrive in South Africa. With a dealer network of Proton and Volvo already existent in the country, this might offer the next viable entry point for a Chinese automaker.

NIO

Electric only! With an impressive and extensive product lineup, NIO is often referred to as the “Chinese Tesla” and has emerged as one of the Asian nation’s prominent players.

NIO’s potential strength lies in its technological prowess, particularly in battery performance and software capabilities, as well as its innovative battery replacement program. However, as a premium brand, it has yet to establish a global presence and requires additional time and awareness to secure a substantial foothold in the European market. That said, it is unlikely we will see the automaker in South Africa anytime soon.

Find local cars for sale in Mossel Bay and surrounds by browsing the available used cars here.

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Info sourced from https://www.carmag.co.za/news/industry-news/

[ellinapark]

Electric Heavy Vehicle Market to Scale New Heights as Market Players Focus on Innovations 2023 – 2028

The Latest Released market study on Global Electric Heavy Vehicle market provides information and useful stats on market structure, size and trends. The report is intended to provide cutting-edge market intelligence and strategic insights to help decision makers take sound investment decisions and identify potential gaps and growth opportunities. Besides, the report also identifies and analyses changing dynamics, emerging trends along with essential drivers, challenges, opportunities and restraints in Electric Heavy Vehicle market. What’s keeping:

BYD Auto Co. Ltd. (China)

Proterra Inc. (United States)

Daimler Trucks (Germany)

Groupe Renault (France)

AB Volvo. (Sweden)

Daimler AG. (Germany)

Tata Motors Limited (Mumbai)

Tesla Inc. (United States)

Traton SE. (Germany)

jbm auto (India) Keep Growing in the Market? Benchmark yourself with the strategic moves and latest Market Share and Sizing of Global Electric Heavy Vehicle market recently published by AMA The electric heavy vehicles are powered by a battery pack and utilized for cargo transportation are known as electric heavy vehicles. Furthermore, compared to diesel trucks, electric trucks have fewer moving parts and do not require multi-speed gearboxes, which lowers vehicle maintenance costs and enhances reliability while emitting nearly no noise. Additionally, Government’s attempts to promote electric heavy vehicle adoption and its incredible advantages such as low noise pollution and lower maintenance costs are making electric heavy vehicles the preferred choice over diesel vehicles. In Feb 2021, Tesla Inc. sold 56,515 china made vehicles, including 33,315 for export.

The Electric Heavy Vehicle Market segments and Market Data Break Down by Type (Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV), Hydrogen Electric Vehicle (Fuel Cell)), Application (Refuse Services, Logistics, Industrial, Others), Battery Capacity (Less Than 150 Kwh, 150-250 Kwh, Above 250 Kwh)

On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa. Market Challenges: Electric Heavy Vehicles Are Hindered By High Initial Costs And Battery Concerns Market Opportunities: Development of Self-Driving Heavy Vehicle Truck Technology

Highlights of Influencing Drivers: Reduction In Battery Costs Will Make Electric Heavy Vehicle More Affordable

Increase in Government Initiatives for Promotion of E-Mobility

Rising Price of Petroleum

Presented By

AMA Research & Media LLP

[sueheaven]

Electric Trucks market Unidentified Segments – The Biggest Opportunity Of 2023

Latest business intelligence report released on Global Electric Trucks Market, covers different industry elements and growth inclinations that helps in predicting market forecast. The report allows complete assessment of current and future scenario scaling top to bottom investigation about the market size, % share of key and emerging segment, major development, and technological advancements. Also, the statistical survey elaborates detailed commentary on changing market dynamics that includes market growth drivers, roadblocks and challenges, future opportunities, and influencing trends to better understand Electric Trucks market outlook. List of Key Players Profiled in the study includes market overview, business strategies, financials, Development activities, Market Share and SWOT analysis are:

Dongfeng Motor Corporation (China)

Foton Motor Inc. (China)

Daimler AG (China)

AB Volvo (Sweden)

FAW Group Co., Ltd. (China)

China National Heavy-Duty Truck Group Co., Ltd., (China)

PACCAR Inc. (United States)

Navistar, Inc. (United States)

Isuzu Motors Ltd (Japan)

BYD Auto Co., Ltd. (China)

BAIC (China) The electric truck is a commercial vehicle which is channeled or powered through electricity. These Electric trucks are a commonly preferred alternate for fuel-based commercial vehicles, cost-effective and less polluting in nature. These trucks are majorly used in logistic services, trading, and others. Rising demand and need for smart transport and smart automobiles around the different parts of the world will further boost the market growth for the electric trucks.

Key Market Trends: Adoption of Electric Trucks for Urban Logistics Opportunities: Growing Demand for Longer Electric Truck Range

Government Support for Electric Commercial Vehicles

Growing Needs for Electric Trucks in both Developed and Developing Countries

Market Growth Drivers: Need for Fuel-Efficient and Emission-Free Vehicles

Need for Heavy Trucks for Import and Export Purposes

Challenges: Issues with Recharging the Batteries Again And Again

Limited Battery Power in Electrical Trucks

The Global Electric Trucks Market segments and Market Data Break Down by Type (Light & Medium-duty Truck, Heavy-duty Truck), Application (Logistics, Municipal), Component Type (12v Battery, High Voltage Battery, Dc/Ac Inverter, Dc/Dc Converter, Dc/Dc Boost Converter, E-Motor, Ac/Dc Charger, Motor Controller), Vehicle Type (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV)), Battery Type (Lead Acid Battery, Lithium-Ion Battery, Nickel-Based Battery)

Presented By

AMA Research & Media LLP