#Vehicle Electrification Market Global Leading Brands

[data-bridge]

Vehicle Electrification Market Surge to Witness Huge Demand at a CAGR of 11.6% during the forecast period 2028

Industry Analysis

Vehicle electrification market is expected to witness market growth at a rate of 11.6% in the forecast period of 2021 to 2028. Data Bridge Market Research report on vehicle electrification market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the demand for alternatives to petroleum-based fuels from the automotive industry is escalating the growth of vehicle electrification market.

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Market Insights and Scope    

Vehicle electrification is referred to a variety of technologies that utilizes electricity to boost a vehicle. Electric vehicles are designed in order to run on electricity, and the utilization of fossil fuels is decreased. Electric vehicles are also expected to assist in accomplishing the target of low carbon emissions from vehicles.

The Vehicle Electrification Market report encompasses various segments linked to Automotive industry and market with comprehensive research and analysis. These comprise industry outlook with respect to critical success factors (CSFs), industry dynamics that mainly covers drivers and restraints, market segmentation & value chain analysis, key opportunities, application and technology outlook, regional or geographical insight, country-level analysis, key company profiles, competitive landscape, and company market share analysis. All the data, figures and information are backed up by well recognized analysis tools which include SWOT analysis and Porter’s Five Forces analysis. So, take business to the peak level of growth with the all-inclusive Data Bridge Market research report.

Get full access to the report: https://www.databridgemarketresearch.com/reports/global-vehicle-electrification-market

Industry Segmentation and Size

The vehicle electrification market is segmented on the basis of product type, voltage, vehicle type, degree of hybridization, channel type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets. 

On the basis of product type, the vehicle electrification market has been segmented into start-stop, EPS, liquid heater PTC, electric air conditioner compressor, electric vacuum pump, electric oil pump, electric water pump, thermoelectric generator, electric turbocharger, starter motor, alternator, ISG and actuator.

On the basis of voltage, the vehicle electrification market has been segmented into 12V, 14V, 24V, 48V.

On the basis of vehicle type, the vehicle electrification market has been segmented into passenger car (PC), two-wheeler, light-commercial vehicle (LCV) and heavy commercial vehicle (HCV).

On the basis of degree of hybridization, the vehicle electrification market has been segmented into ICE and micro hybrid vehicle, hybrid electric vehicle (HEV), plug-in hybrid electric vehicle (PHEV), battery electric vehicle (BEV) and FCEV, 48 V Vehicle.

On the basis of channel type, the vehicle electrification market has been segmented into OEMs and aftermarket.

Market Country Level Analysis

The countries covered in the vehicle electrification market report are the

U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

A reliable Vehicle Electrification Market marketing report proves to be the finest and excellent market research report as it is formulated with the following critical factors. These consist of primary research, benchmarking studies, secondary research, company profiles, competitive intelligence & reporting, syndicated research, data collection, data processing and analysis, survey design, and survey programming. The report performs market study and analysis to provide market data by considering new product development from beginning to launch. The Automotive business report also provides evaluations based on the market type, organization size, availability on-premises, end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.

Industry Share Analysis

The major players covered in the vehicle electrification market report are

Ford Motor Company, Volkswagen AG, Continental AG, Robert Bosch GmbH, Magna International Inc., Westfalia-Automotive GmbH, TowGo, LLC, WABCO, Carit Automotive GmbH & Co. KG, Daimler AG., Valeo, Garmin Ltd., Cogent Embedded, Inc., DornerWorks, Ltd., Jaguar Land Rover Limited, POCLAIN HYDRAULICS, General Motors, BorgWarner Inc., DENSO CORPORATION, Johnson Electric Holdings Limited, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately.

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[tatatechnologies]

Celebrating India’s EV Journey

Today is World EV Day. The day is observed every year with special awareness campaigns being organized globally to educate people about the benefits of electric vehicles.

While China is the world’s largest EV market, India is the second largest and most promising. Driven by incentives by the Centre and the states, the adoption of EVs is gaining momentum. India’s EV sector is attracting increasing investments in battery technology, charging infrastructure and product options. Some of the biggest brands in the EV space include Tata Nexon in cars, the Mahindra Treo in three-wheelers and Hero Electric and Ola in scooters. In addition, there are a whole lot of startups that are working on various aspects of the EV eco-system.

In this article, Autocar Professional takes you through India’s EV landscape with leaders in the segment commenting on sustainable mobility and a zero-emission future.

Meanwhile, a recent study by Castrol study has highlighted key insights on EV readiness for markets, carmakers, and consumers. Its global survey ‘Switching ON the rEVolution’ covering 10,000 consumers and 100 leaders from car manufacturers in 10 key global markets, including India suggests that 44 percent of consumers surveyed in India are considering an EV for their next vehicle purchase while 55 percent are still considering an ICE vehicle.

Shailesh Chandra, MD, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility

World EV Day is indeed a special day for us, as we look back and reflect on our journey so far. We are proud to lead the EV market in India, with a lion’s share of 88 percent. As early entrants, we have shaped the market and seen it grow with Nexon EV and Tigor EV. We have over 40,000 Tata EVs plying on road. We have also established Tata UniEVerse, a one of its kind EV ecosystem, which is further propelling the EV adoption.

Santosh Iyer, VP-Sales & Marketing, Mercedes-Benz India

Mercedes-Benz Indian has a very aggressive EV roadmap for the Indian market with three new luxury EVs. We pioneered luxury EVs in India with the EQC in 2020, which received good response from the early adopters in the luxury segment. EQC’s acceptability and market success set the ground for other brands to foray into the luxury EV segment.

Suman Mishra, Mahindra Electric Mobility

We celebrate India’s electrification journey. At Mahindra Last Mile Mobility, we are committed to promoting sustainable motoring with zero emission products. I am confident that with our collective efforts, we can enable a green and smarter tomorrow for India.

Warren Harris, CEO, Tata Technologies

Tata Technologies’ vision of Engineering a better world embodies our commitment to providing sustainable solutions especially in the rapidly growing Electric Vehicle Market. The transition to EV is also an opportunity and would also be synonymous with a move to connected vehicles enabled by ADAS and digital customer experience solutions. Tata Technologies offers end-to-end solutions for engineering, manufacturing support, and customer experience solutions for EVs globally. We have developed an elaborate EV ecosystem through alliances and partnerships across the world, including an alliance with MIH Consortium which enables us to leverage the EV ecosystem to deliver best value for our Customers.

Nagesh Basavanhalli, Executive Vice Chairman, Greaves Cotton

Greaves Electric Mobility owned Ampere is one of the fastest growing electric two-wheeler brands in the Country while the company also operates/owns the rapidly growing e-rickshaw brand Ele (Bestway) and the Teja (MLR Auto) range of L5 category three wheelers. Together the portfolio offers a strong value proposition to electrifying the way people and goods move across our country.

Mahesh Babu, CEO, Switch Mobility India, COO, Switch Mobility

To meet India’s global commitment to become Net Zero by 2070, we need to prioritize not just public transport, but public transport with zero tailpipe emissions. Electric buses are clearly the best and obvious solution to accelerate decarbonisation with increasing mass mobility. It is this imperative that guides us at Switch Mobility — to help India attain its ambitious Net Zero target by offering the society with smart, clean mass mobility solutions that are also technologically advanced, safe and comfortable for passengers. Our vision is to transform mass mobility across cities and highways, and bring about a clean revolution in the way people travel. I take the opportunity on World EV Day 2022 to invite partners and people who share the same vision to jointly achieve this critical transition.

Balbir Singh Dhillon, Head of Audi

We have installed 100+ chargers pan-India and 16 high-speed 50kW chargers across our dealerships located across strategic highways within the country. In line with our global plans to be all-electric by 2033, we are aiming to achieve about 15 percent of our India sales from EVs by 2025–2026. It’s time we start to care for the climate. I think the sooner we realise we are responsible for it, the better it is for all.

Read More: https://www.tatatechnologies.com/en/media-center/celebrating-indias-ev-journey/

[vijukumar]

The Automobile Market: Trends, Players, and Growth Outlook

The global automobile market is a vast and dynamic industry, encompassing a wide range of vehicle types, from passenger cars to commercial vehicles, and catering to diverse consumer preferences. This report provides an in-depth analysis of the automobile market, including market size, share, growth, trends, key players, challenges, and future outlook.

Market Size, Share, and Growth

The global automobile market is significant, with millions of vehicles produced and sold annually. According to industry data, the global automobile production reached approximately 80.1 million units in 2021, reflecting a recovery from the COVID-19 pandemic's impact on the industry.

In terms of market share, the passenger vehicle segment accounts for the largest portion of the global automobile market, with a share of approximately 74% in 2021. The commercial vehicle segment, including light, medium, and heavy-duty vehicles, holds the remaining 26% market share.

The automobile market is expected to experience steady growth in the coming years, driven by increasing urbanization, rising disposable incomes, and evolving consumer preferences. The global automobile market is projected to grow at a compound annual growth rate (CAGR) of around 4% during the forecast period of 2022-2028, reaching a market value of over $3.5 trillion by 2028.

Market Trends

Several key trends are shaping the automobile market:

Electrification: The transition towards electric vehicles (EVs) is gaining momentum, driven by environmental concerns, government incentives, and technological advancements. Major automakers are investing heavily in EV production and expanding their electric vehicle portfolios.

Autonomous and Connected Vehicles: The development of autonomous and connected vehicle technologies is transforming the automotive industry. Companies are investing in advanced driver assistance systems (ADAS), vehicle-to-vehicle (V2V) communication, and self-driving capabilities to enhance safety, efficiency, and convenience.

Ride-sharing and Mobility Services: The rise of ride-sharing services and mobility solutions is reshaping consumer preferences and urban transportation dynamics. This trend is prompting automakers to explore new business models and revenue streams beyond traditional vehicle sales.

Connectivity and In-vehicle Infotainment: Advanced infotainment systems, seamless connectivity, and digital services are becoming increasingly important in modern vehicles. Automakers are integrating cutting-edge technologies to provide enhanced user experiences and cater to tech-savvy consumers.

Lightweight Materials and Fuel Efficiency: To meet stricter emission regulations and improve fuel efficiency, automakers are exploring the use of lightweight materials, such as aluminum, carbon fiber, and advanced composites, in vehicle construction.

Market Players and Market Share

The global automobile market is highly competitive, with numerous players vying for market share. Here are some of the key players and their respective market shares:

Toyota Motor Corporation: Toyota is one of the largest automakers in the world, with a global market share of approximately 12.6% in 2021. The company is known for its diverse vehicle lineup, including popular models like the Toyota Corolla, RAV4, and Camry.

Volkswagen AG: The German automaker Volkswagen held a market share of around 11.9% in 2021. Volkswagen is a major player in both the passenger and commercial vehicle segments, with brands like Volkswagen, Audi, Porsche, and Škoda under its umbrella.

Ford Motor Company: Ford, a leading American automaker, secured a market share of approximately 6.2% in 2021. The company is known for its popular F-Series pickup trucks, as well as models like the Mustang, Explorer, and Escape.

General Motors Company: Another prominent American automaker, General Motors, held a market share of around 6.1% in 2021. The company's portfolio includes brands like Chevrolet, Buick, GMC, and Cadillac.

Honda Motor Company: Honda, a Japanese automaker known for its reliable and fuel-efficient vehicles, captured a market share of approximately 5.4% in 2021. Popular models include the Civic, Accord, and CR-V.

Hyundai Motor Company and Kia Corporation: These two South Korean automakers, part of the Hyundai Motor Group, collectively held a market share of around 6.4% in 2021. Hyundai and Kia offer a range of passenger and commercial vehicles, including popular models like the Hyundai Sonata, Kia Shortage, and Kia Soul.

Market Challenges

While the automobile market presents significant opportunities, it also faces several challenges:

Supply Chain Disruptions: The COVID-19 pandemic and other global events have highlighted the vulnerabilities of automotive supply chains. Shortages of critical components, such as semiconductors, have impacted production and caused delivery delays.

Regulatory Compliance: Automakers must navigate a complex web of regulations related to emissions, safety standards, and environmental requirements across different markets, adding to operational costs and complexity.

Intense Competition: The automobile market is highly competitive, with established players and new entrants vying for market share. Automakers must continuously innovate and differentiate their offerings to stay ahead of the competition.

Technological Disruption: The rapid pace of technological change, including the development of autonomous driving, connected vehicles, and alternative powertrains, requires significant investments and adaptability from automakers.

Changing Consumer Preferences: Evolving consumer preferences, such as the shift towards shared mobility, sustainability, and connected experiences, are forcing automakers to rethink their product offerings and business models.

Conclusion

The global automobile market is poised for continued growth, driven by rising consumer demand, urbanization, and technological advancements. However, the industry faces significant challenges, including supply chain disruptions, regulatory compliance, intense competition, and the need to adapt to rapidly evolving consumer preferences and technological disruptions.

Automakers that can successfully navigate these challenges and capitalize on emerging trends, such as electrification, autonomous driving, and connected vehicles, will be well-positioned for long-term success. Investing in research and development, fostering innovation, and adopting agile business models will be crucial for thriving in this dynamic market. As the industry continues to evolve, collaborations, strategic partnerships, and cross-industry collaborations are expected to play a pivotal role in driving innovation and shaping the future of mobility. Companies that can effectively leverage these opportunities and deliver compelling products and services tailored to the evolving needs of consumers are likely to emerge as leaders in the highly competitive global automobile market.

[martin-cambell]

Top 10 Electric Car Companies in the Luxury Segment

In a world where opulence intertwines with innovation, the landscape of luxury electric cars stands as a testament to the evolving realm of automotive engineering. These vehicles embody sleek designs, sustainable performance, and cutting-edge technology, ushering in a new era of luxurious, eco-conscious transportation. Let’s embark on a journey through the top 10 electric car companies that are propelling this revolution.

1. Mini: Mini, a British automotive brand under BMW’s ownership, introduced the MINI Cooper SE in 2020, marking its foray into fully-electric vehicles. With a 32.6 kWh battery and a 110-mile range, the MINI Cooper SE combines sustainability with agile performance, solidifying its position among the leaders in luxury electric mobility.

2. Citroen: Citroen India unveiled the Ë-C3, an electric variant of the C3, showcasing its commitment to innovative electric mobility solutions. With a range of 320 kilometers per charge and advanced features, the E-C3 embodies Citroen’s dedication to combining performance and practicality in the electric vehicle segment.

3. Skoda: Skoda Auto’s electrification journey includes the Skoda Enyaq iV, a groundbreaking electric SUV boasting a 316-mile range and rapid charging capabilities. With a commitment to manufacturing electrified models and battery production for the Volkswagen Group, Skoda emerges as a formidable player in the electric car industry.

4. Porsche: Porsche’s pioneering efforts in electric mobility include the Taycan, equipped with a 350 kW charging station capable of achieving an 80% charge in just 15 minutes. With a focus on cutting-edge technology and infrastructure, Porsche sets new standards in luxury electric vehicles.

5. Jaguar: Jaguar’s commitment to an all-electric future is exemplified by the I-Pace, a luxury SUV lauded for its design and performance. With plans to transition to fully electric vehicles by 2025, Jaguar leads the charge towards sustainable luxury transportation.

6. Kia Motors: Kia’s visionary approach to electric mobility is embodied by the Kia EV6, showcasing innovation and style in the electric vehicle segment. With groundbreaking features like augmented reality head-up display, Kia redefines luxury electric vehicles for the modern era.

7. Pravaig: Pravaig Dynamics’ Defy electric SUV marks a significant milestone in India’s electric vehicle landscape, boasting impressive performance and range. As Pravaig ventures into global markets, its role among the top 10 electric car companies becomes increasingly prominent.

8. BMW: BMW’s flagship luxury sedan, the BMW i7, combines opulent design with electric performance, setting new standards in the luxury electric vehicle segment. With a focus on innovation and luxury, BMW solidifies its position as a leader in electric mobility.

9. Mercedes: Mercedes-Benz’s EQS reshapes the electric vehicle landscape with its futuristic design and outstanding performance. As Mercedes-Benz expands its electric portfolio in India, it reaffirms its commitment to shaping the future of electric mobility.

10. Audi: Audi’s e-tron series, including the e-tron GT, showcases performance and innovation in the electric vehicle domain. With a focus on luxury and high-performance driving experiences, Audi leads the way in redefining luxury electric mobility.

In conclusion, the top 10 electric car companies are at the forefront of a revolution in luxury electric mobility, combining innovation, performance, and sustainability to shape the future of transportation. As these companies continue to push the boundaries of electric vehicle technology, the landscape of luxury electric cars will undoubtedly evolve, offering consumers a compelling blend of luxury and eco-consciousness.

Also Read

Discover Best Electric Cars Under 10 Lakhs In 2024

[rabbittales12]

Navigating the Landscape of Car Companies in India: A Comprehensive Overview

  India's automobile sector is a vibrant and critical component of its economy, showcasing a remarkable blend of global giants and robust local manufacturers. This article delves into the landscape of car companies in India, highlighting key players, market trends, and the evolving consumer preferences that are shaping this dynamic industry.   The Pioneers and Market Leaders Maruti Suzuki India Ltd.: Dominating the Indian car market, Maruti Suzuki, a subsidiary of the Japanese auto giant Suzuki Motor Corporation, is synonymous with affordable and reliable vehicles. The brand's extensive dealership network and a broad portfolio catering to various segments have solidified its market leadership.   Hyundai Motor India Ltd.: As the second-largest car manufacturer in India, Hyundai has made significant inroads with its diverse range of models, including the popular i10, i20, and Creta. Known for its innovative features and premium quality, Hyundai continues to appeal to a wide customer base.   Tata Motors: A flagship of the Indian automotive industry, Tata Motors has seen a resurgence with models like the Nexon, Harrier, and Altroz. Emphasizing safety, technology, and design, Tata Motors is redefining its position in the market.   Mahindra & Mahindra: Specializing in SUVs and utility vehicles, Mahindra has a strong presence in the Indian market. With models like the Scorpio, Thar, and XUV500, Mahindra caters to the rugged and adventurous side of Indian consumers.   Emerging Players and Evolving Market Dynamics Kia Motors: The South Korean automaker has quickly established itself in the Indian market with the Seltos and Sonet. Focusing on design, quality, and technology, Kia is challenging established norms and attracting a younger demographic.   MG Motor India: A subsidiary of the Chinese automotive giant SAIC Motor, MG Motor has made a splash with the Hector and ZS EV. Leveraging technology and innovation, MG is carving out a niche in the competitive SUV segment.   The Electric Revolution India's automotive landscape is on the cusp of transformation with the advent of electric vehicles (EVs). Companies like Tata Motors, Mahindra, and newcomers like Ola Electric and Ather Energy are leading the charge towards electrification, driven by government incentives and growing environmental consciousness among consumers.   Challenges and Opportunities While the Indian car market offers immense potential, companies face challenges such as regulatory changes, increasing competition, and the need for continuous innovation. The shift towards electric vehicles, the adoption of connected car technologies, and changing consumer preferences towards shared mobility and sustainability are shaping the future of the industry.   Conclusion The car industry in India is a testament to the country's growing economic prowess and its appetite for mobility. With a mix of established brands and new entrants pushing the boundaries, the sector is poised for a future that promises innovation, growth, and a shift towards more sustainable and advanced automotive solutions.  

[corporatenews]

Analyzing the Business of Formula E: Trends, Challenges, and Future Outlook

Formula E, the world's premier electric racing series, has emerged as a disruptive force in motorsport, pioneering the transition towards sustainable and electrified racing. Formula E Business Analysis As a leading observer of business trends, we delve into the intricacies of the Formula E ecosystem to provide a comprehensive analysis of its business model, market dynamics, and strategic considerations.

Understanding the Formula E Business Landscape

Formula E represents a unique fusion of motorsport, technology, and sustainability, offering a platform for automakers, sponsors, and stakeholders to showcase their commitment to innovation, environmental stewardship, and electrification. Founded in 2014 by the FIA (Fédération Internationale de l'Automobile), Formula E features all-electric racing cars competing on temporary street circuits in major cities around the world, attracting a global audience of motorsport enthusiasts, tech enthusiasts, and environmentally conscious consumers.

Key Trends Shaping the Formula E Business

Shift Towards Electric Mobility

One of the primary drivers of growth in the Formula E business is the global shift towards electric mobility and the increasing demand for sustainable transportation solutions. With governments, regulators, and consumers prioritizing decarbonization efforts and reducing reliance on fossil fuels, electric vehicles (EVs) have gained traction as a viable alternative to traditional internal combustion engine vehicles. Formula E serves as a powerful catalyst for promoting the adoption of electric vehicles, raising awareness of EV technology, and accelerating the development of electric drivetrains, batteries, and charging infrastructure.

Rise of Corporate Sustainability Initiatives

In an era of heightened environmental consciousness and corporate social responsibility, Formula E provides a compelling platform for companies to align their brand values with sustainability goals and showcase their commitment to environmental stewardship. Corporate sponsors and partners view Formula E as an opportunity to enhance their brand visibility, engage with eco-conscious consumers, and demonstrate their leadership in promoting clean energy, innovation, and sustainable mobility solutions. As such, Formula E has attracted a diverse roster of sponsors and partners from various industries, including automotive, technology, energy, and telecommunications, seeking to leverage the platform to drive positive social and environmental impact.

Technological Innovation and R&D Collaboration

Formula E serves as a crucible for technological innovation and research and development (R&D) collaboration among automakers, suppliers, and technology providers. The competitive nature of the championship fosters a culture of innovation, pushing teams to push the boundaries of electric vehicle technology, aerodynamics, materials science, and energy management. The transfer of technology and know-how from Formula E to road-going electric vehicles has the potential to accelerate the pace of innovation in the automotive industry, drive down costs, and improve the performance, efficiency, and sustainability of electric vehicles.

Growth Drivers and Challenges

Global Expansion and Market Penetration

One of the primary growth drivers for Formula E is its ongoing expansion into new markets and regions, tapping into the growing appetite for motorsport entertainment and sustainable mobility solutions worldwide. By staging races in major cities across Asia, Europe, the Americas, and the Middle East, Formula E has cultivated a diverse and geographically dispersed fan base, driving viewership, attendance, and commercial opportunities. However, expanding into new markets presents challenges such as logistical complexities, regulatory compliance, and cultural considerations, requiring careful planning, investment, and stakeholder engagement.

Monetization and Revenue Generation

While Formula E has attracted significant interest from sponsors, broadcasters, and investors, monetizing the sport and generating sustainable revenue streams remain ongoing challenges. Unlike traditional motorsport series such as Formula 1, which rely heavily on broadcast rights fees and corporate sponsorships, Formula E operates in a rapidly evolving media landscape where digital content consumption, streaming platforms, and social media engagement are reshaping the economics of sports broadcasting and sponsorship. As such, Formula E must innovate and diversify its revenue sources, explore new commercial opportunities, and optimize its commercial model to ensure long-term financial viability and growth.

Future Opportunities and Outlook

Evolution of Electric Racing Technology

The future of Formula E is closely tied to the evolution of electric racing technology and the continued advancement of electric mobility. As battery technology improves, energy density increases, and charging infrastructure becomes more widespread, Formula E is poised to showcase faster, more efficient, and more sustainable electric racing cars capable of delivering thrilling racing action while promoting the adoption of electric vehicles on a global scale. Moreover, advancements in vehicle-to-grid (V2G) technology, energy storage solutions, and renewable energy integration have the potential to transform Formula E into a dynamic platform for showcasing the synergy between electric racing and sustainable energy systems.

Embrace of Digital Engagement and Fan Interaction

In an increasingly digital and connected world, Formula E has an opportunity to leverage digital engagement, social media platforms, and interactive fan experiences to enhance viewer participation, fan loyalty, and brand engagement. By embracing emerging technologies such as augmented reality (AR), virtual reality (VR), and gamification, Formula E can create immersive and interactive experiences that transcend traditional spectatorship and empower fans to become active participants in the racing spectacle. Moreover, Formula E can capitalize on its urban racing format, unique track layouts, and city center locations to create compelling content and storytelling opportunities that resonate with global audiences.

Conclusion

In conclusion, Formula E represents a compelling convergence of motorsport, sustainability, and innovation, offering a unique platform for showcasing the future of electric mobility and sustainable transportation. As the sport continues to grow and evolve, it faces both opportunities and challenges in expanding its global footprint, monetizing its commercial potential, and driving technological innovation. By embracing collaboration, innovation, and digital engagement, Formula E can position itself as a leader in the transition towards a cleaner, greener, and more sustainable future of motorsport and mobility.

[wealthview]

Ola Electric IPO Date, Price, GMP, Review, Company Profile, Risks & Financials 2023

New Post has been published on https://wealthview.co.in/ola-electric-ipo/

Ola Electric IPO Date, Price, GMP, Review, Company Profile, Risks & Financials 2023

Ola Electric IPO: Ola Electric is a young Indian electric vehicle (EV) company, aiming to disrupt the transportation landscape with its electric scooters and cars. They compete in the rapidly growing Indian EV market, fueled by government incentives and increasing environmental awareness.

Page Contents

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Ola Electric IPO Details:

Ola Electric Company Profile:

Ola Electric Financials:

Ola Electric IPO Objectives:

Ola Electric IPO Lead Managers & Registrar:

Ola Electric IPO Risks:

Ola Electric IPO Details:

IPO status: Not yet launched. DRHP filed with SEBI on December 22, 2023.

Expected timeline: Subscription likely in early 2024, listing soon after.

Offer size: Up to ₹5,500 crore fresh issue and offer for sale of 95,191,195 shares.

Price band: Not yet announced. Targeted valuation is $7-8 billion.

News and Developments:

Positive buzz: Filing the DRHP is a crucial step, generating excitement among investors and analysts.

Funding secured: Recent reports about Ola Electric securing $500 million in loan B financing demonstrate investor confidence.

Gigafactory progress: Progress on Ola’s ambitious Gigafactory project in Tamil Nadu adds weight to their production capabilities.

Market uncertainty: Global economic worries and potential inflation may dampen investor sentiment for risky ventures like IPOs.

Ola Electric Company Profile:

Ola Electric, a name synonymous with India’s electric vehicle revolution, is rapidly carving its niche in the burgeoning industry. Founded in 2017 by Bhavish Aggarwal, the mastermind behind Ola Cabs, Ola Electric has come a long way in its mission to disrupt the traditional transportation landscape. Let’s delve into the company’s history, operations, and market position.

A Brief History of Electrification:

2017: Ola Electric embarks on its electric journey, initially focusing on electric rickshaws.

2019: The company unveils its first electric scooter, the S1, followed by the S1 Pro in 2020.

2021: Ola Futurefactory, the world’s largest two-wheeler manufacturing facility, is inaugurated in Krishnagiri, Tamil Nadu.

2022: Ola launches its electric car, the Ola S1, marking its entry into the four-wheeler segment.

2023: The company files its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its highly anticipated IPO.

Operations and Market Position:

Products: Ola Electric currently offers a range of electric scooters, including the S1, S1 Pro, and S1 Air, along with its flagship electric car, the Ola S1.

Market Share: In the Indian electric two-wheeler market, Ola Electric holds a dominant position, capturing over 50% share in FY23. However, it faces stiff competition from established players like Hero Electric and Ather Energy.

Global Ambitions: Ola Electric aspires to become a global leader in the EV space, with plans to enter international markets like the UK and Australia.

Key Facts and Figures:

Funding: Ola Electric has raised over $1 billion in funding from prominent investors like SoftBank, Temasek, and Tiger Global.

Valuation: The company is currently valued at around $5.4 billion, potentially reaching $7-8 billion after its IPO.

Employees: Ola Electric employs over 10,000 people across its various operations.

Prominent Brands and Partnerships:

Ola Futurefactory: This state-of-the-art facility boasts a production capacity of 20 million electric two-wheelers per year.

Ola Electric Mobility Institute (OEMI): This dedicated institute focuses on research and development in electric vehicle technology.

Partnerships: Ola Electric has partnered with key players like Flipkart, Axis Bank, and Bharat Petroleum to facilitate e-commerce sales, financing options, and charging infrastructure development.

Milestones and Achievements:

Building the world’s largest two-wheeler factory.

Becoming the leading electric two-wheeler manufacturer in India.

Developing and launching its own electric car within a short timeframe.

Competitive Advantages and USP:

First-mover advantage in the Indian electric scooter market.

Vertically integrated operations, including battery production.

Focus on cutting-edge technology and innovation.

Building a robust charging infrastructure network.

Ola brand recognition and established customer base.

Ola Electric’s journey is a testament to its ambition and agility in the dynamic EV landscape. With its aggressive expansion plans, focus on innovation, and strategic partnerships, the company is poised to play a pivotal role in shaping the future of mobility in India and beyond.

Ola Electric Financials:

Revenue: Ola Electric has demonstrated explosive revenue growth in FY23, with total revenue reaching Rs. 2,782 crore, a rise of over 500% compared to FY22. This growth is primarily driven by increased sales of its electric two-wheelers.

Profitability: Despite the remarkable revenue increase, the company continues to incur losses. Net loss in FY23 stood at Rs. 1,472 crore, widening from Rs. 784 crore in FY22. This is mainly due to high operating expenses associated with factory setup, research & development, and marketing initiatives.

Ola Electric IPO Objectives:

Ola Electric’s decision to go public through an IPO is driven by several key objectives, all of which align with its ambitious future growth strategy:

1. Capital Raising: The primary objective is to raise funds, estimated to be around Rs. 7,250 crore, through a combination of fresh issue and offer for sale (OFS). This capital injection is crucial for:

Funding Growth: Ola Electric aims to expand its product portfolio beyond electric scooters, introducing new models and venturing into four-wheeler segments like electric cars and commercial vehicles.

Building Manufacturing Capacity: Scaling up production capacity for existing and future models requires significant investments in infrastructure and technology. Ola’s Futurefactory, while impressive, needs additional resources to meet its long-term goals.

R&D and Innovation: Continued investment in research and development is essential for staying ahead in the rapidly evolving EV landscape. This includes battery technology advancements, autonomous driving features, and other cutting-edge innovations.

Debt Reduction and Financial Flexibility: A portion of the raised funds might be used to repay or pre-pay existing debt, enhancing the company’s financial stability and flexibility for future investments.

2. Enhanced Brand Recognition and Market Credibility: Going public brings Ola Electric under the public spotlight, increasing brand recognition and attracting a wider investor base. This can solidify its position as a leading player in the Indian EV market and strengthen its credibility among potential partners and customers.

3. Access to Talent and Partnerships: A successful IPO can attract and retain top talent, crucial for executing the company’s growth strategy. Public listing also opens doors for potential partnerships with established players in the automotive, technology, and financial sectors.

Ola Electric IPO Lead Managers & Registrar:

Ola Electric has entrusted a consortium of renowned investment banks to act as lead managers for its highly anticipated IPO:

Lead Managers:

Kotak Mahindra Capital Company Limited: A leading financial institution in India with extensive experience in managing large-scale IPOs, including SBI Cards, HDFC Life, and LIC.

Citigroup Global Markets India Private Limited: Renowned global investment bank with a strong track record in IPOs across various sectors, including Zomato, Nykaa, and Paytm.

BofA Securities India Limited: Global leader in investment banking with extensive experience in managing major Indian IPOs like IRCTC, Indian Railway Finance Corporation, and Coal India.

Goldman Sachs (India) Securities Private Limited: Reputable investment bank with deep expertise in handling tech-oriented and high-growth IPOs, including Delhivery, Macrotech Developers, and Policybazaar.

Axis Capital Limited: Leading domestic investment bank with successful involvement in IPOs like Adani Wilmar, Glenmark Life Sciences, and Dixon Technologies.

ICICI Securities Limited: Established Indian financial institution with significant experience in managing IPOs like Sona BLW Precision Forgings, Indigo Paints, and Astral Poly Technik.

SBI Capital Markets Limited: Investment arm of India’s largest bank, SBI, with significant involvement in IPOs like Glenmark Pharmaceuticals, Larsen & Toubro Infotech, and Indiabulls Real Estate.

BOB Capital Markets Limited: Investment banking arm of Bank of Baroda, with experience in managing IPOs like Aavas Financiers, RBL Bank, and Sundaram Asset Management.

Track Record:

These lead managers collectively boast a proven track record of successfully managing complex IPOs in diverse sectors, highlighting their experience, expertise, and network of investors. This expertise provides investors with confidence in the execution and overall success of the Ola Electric IPO.

Registrar:

Link Intime India Private Limited is appointed as the registrar for the Ola Electric IPO. The registrar’s role involves handling shareholder records, managing share transfers, dividend payments, and other administrative tasks related to the issue and trading of shares. This ensures a smooth and transparent process for investors throughout the IPO and beyond.

Ola Electric IPO Risks:

While Ola Electric’s IPO holds immense potential, it’s crucial to acknowledge and understand the inherent risks associated with investing in this high-growth, high-risk venture. Here are some key points for potential investors to consider:

Industry Headwinds: The EV market, despite its promising prospects, faces challenges like rising battery costs, dependence on government subsidies, and the potential for policy changes. These factors could impact Ola Electric’s profitability and growth trajectory.

Company-Specific Challenges:

Profitability Concerns: Ola Electric continues to incur significant losses, raising concerns about its ability to achieve long-term profitability. The company’s ambitious growth plans might further strain its finances in the short term.

Intense Competition: Established players like Hero Electric and Ather Energy, along with potential new entrants, will intensify competition in the Indian EV market. Ola Electric needs to differentiate itself and maintain its market share to achieve sustained success.

Manufacturing and Supply Chain Risks: Reliance on imported components and potential supply chain disruptions can impact production timelines and delivery schedules, affecting the company’s ability to meet demand.

Execution Risks: Implementing Ola’s ambitious expansion plans and future ventures like car production requires strong execution capabilities. Any missteps or delays could hinder the company’s progress.

Financial Health:

While Ola Electric’s revenue growth is impressive, its current financial position raises some red flags for investors:

High Losses: The company’s net loss nearly doubled in FY23, highlighting the need for significant improvement in cost management and profitability.

Limited Operating History: Ola Electric is a relatively young company with limited operating history, making it difficult to assess its long-term viability and ability to overcome challenges.

Debt Levels: While currently low, the company might need to take on debt to finance its expansion plans, potentially increasing its financial risks.

Ola Electric Mobility Limited – DRHP

Also Read: How to Check IPO allotment status?

[lanshengic]

STMicroelectronics' SiC Technology Enables BorgWarner's Viper Power Module Design to Power Volvo's Next-Gen Electric Vehicles

【Lansheng Technology Information】September 7, 2023, STMicroelectronics will cooperate with BorgWarner Corporation (NYSE: BWA), a global leader in providing innovative and sustainable mobility solutions, for BorgWarner Proprietary Viper-based power modules provide STMicroelectronics' latest third-generation 750V silicon carbide (SiC) power MOSFET chips. BorgWarner will use the power module to design electric drive inverter platforms for Volvo's current and future electric models.

Javier Varela, Chief Operating Officer and Deputy Chief Executive Officer of Volvo, said: "This partnership will increase the range and charging speed of Volvo electric vehicles, and has the opportunity to further increase the popularity of Volvo electric vehicles in the market, while also helping us in 2030. To achieve the goal of electrification of all models, and to improve the vertical integration of the industrial chain, and strengthen the control over key automotive components."

Javier Varela, Chief Operating Officer and Deputy Chief Executive Officer of Volvo, said: "This partnership will increase the range and charging speed of Volvo electric vehicles, and has the opportunity to further increase the popularity of Volvo electric vehicles in the market, while also helping us in 2030. To achieve the goal of electrification of all models, and to improve the vertical integration of the industrial chain, and strengthen the control over key automotive components."

In order to give full play to the advantages of STMicroelectronics' SiC MOSFET chips, BorgWarner and STMicroelectronics' technical team work closely together to strive to perfectly match STMicroelectronics' chips with BorgWarner's Viper power switches to maximize inverter performance. Reduce the size of the electric drive architecture and improve economic efficiency. The cooperation between the two companies can better realize the scale manufacturing effect and meet the rapidly growing demand of the electric vehicle market.

Marco Monti, President of STMicroelectronics Automotive and Discrete Group (ADG), said: "STMicroelectronics' cooperation with BorgWarner, the world's leading automotive electrification supplier, will help Volvo provide customers with outstanding vehicle performance and range. We will continue to expand SiC production capacity and increase SiC supply, including vertically integrated supply chains, to fully support the electrification and energy-efficient transformation of global automotive and industrial customers."

STMicroelectronics STPOWER SiC power chips are mass-produced in two front-end factories in Italy and Singapore, and advanced packaging and testing are carried out in the back-end manufacturing plants in Morocco and China. In October 2022, STMicroelectronics announced that it will expand the production capacity of wide bandgap products and build a new comprehensive SiC substrate manufacturing plant in Catania, Italy. Catania is not only the power semiconductor technology center of STMicroelectronics, but also the research and development and manufacturing base of silicon carbide.

Lansheng Technology Limited, which is a spot stock distributor of many well-known brands, we have price advantage of the first-hand spot channel, and have technical supports. 

Our main brands: STMicroelectronics, Toshiba, Microchip, Vishay, Marvell, ON Semiconductor, AOS, DIODES, Murata, Samsung, Hyundai/Hynix, Xilinx, Micron, Infinone, Texas Instruments, ADI, Maxim Integrated, NXP, etc

To learn more about our products, services, and capabilities, please visit our website at http://www.lanshengic.com

[kenresearch2023]

Wallan Trading and Renault Group Join Hands to Reshape the Future of Saudi Arabian Automotive Industry: Ken Research

Buy Now

The Riyadh-based firm looks to expand its automotive offerings in the Kingdom. Riyadh-based Wallan Trading Co., a prominent player in the Saudi car market, has entered into a strategic partnership with Renault Group to become the official distributor of Renault vehicles in the Kingdom.

STORY OUTLINE

Wallan Group partners with Renault Group as the official distributor for Renault in Saudi Arabia, marking a significant milestone in the country's automotive industry.

Renault Group is a renowned automotive innovator with a history of introducing ground breaking products, including Europe's first mass-produced electric car.

The partnership between Wallan Trading and Renault Group aims to enhance the automotive landscape in Saudi Arabia, offering expanded options and exceptional driving experiences to customers.

The collaboration aligns with Saudi Arabia's Vision 2030, focusing on economic diversification and the growth of non-oil sectors, with the automotive industry playing a pivotal role.

According to Ken Research, the strategic partnership strengthens Saudi Arabia's position as a vibrant automotive hub, driving the expansion and diversification of the sector while contributing to employment opportunities and broader economic goals.

Wallan Group, a longstanding leader in the Kingdom's automotive sector for over four decades, is proud to announce a ground breaking partnership with Renault Group. Effective from June 1st, 2023, Wallan Group assumes the prestigious role of the official distributor for Renault in the Kingdom of Saudi Arabia, signifying a significant milestone in the advancement of the country's automotive industry.

To learn more about this report Download a Free Sample Report

In the 1980s, Wallan Group embarked on its business journey by establishing itself as the authorized agent for Hyundai in the central region of Saudi Arabia. Since then, the company has steadily expanded its automotive portfolio through strategic alliances with renowned global brands, encompassing both passenger and commercial vehicles. This ongoing growth has solidified Wallan Group's position as a key player in the Kingdom's automotive industry.

Renowned for its automotive innovation and technological prowess, Renault Group boasts a storied history of pioneering ground breaking products in the market. Notably, the company has been at the forefront of automotive electrification, introducing Europe's first mass-produced electric car. Established in more than 130 countries, the Group has sold 2.1 million vehicles in 2022. It employs nearly 106,000 people who embody its Purpose every day, so that mobility brings people closer.

Visit this Link: – Request for custom report

Aiming to elevate the Saudi market's automotive landscape, Wallan Trading and Renault Group have united to deliver an unparalleled level of automotive excellence. Leveraging Wallan Trading's robust distribution network and local market expertise alongside Renault Group's industry-leading vehicles and cutting-edge technologies, customers in Saudi Arabia can anticipate expanded choices and exceptional driving experiences.

By forging a strategic partnership, Wallan Trading and Renault Group strengthen Saudi Arabia's status as a vibrant automotive industry hub. As the Kingdom experiences rapid economic growth and increased consumer demand, this collaboration will drive the expansion and diversification of the automotive sector, generating employment opportunities and aligning with the Kingdom's overarching economic objectives.

In line with the Kingdom of Saudi Arabia's Vision 2030, Renault Group's collaboration with Wallan Trading reinforces the emphasis on economic diversification and the growth of non-oil sectors. With the automotive industry serving as a key driver in achieving these objectives, the partnership between Wallan Trading and Renault Group actively contributes to the establishment of a dynamic and competitive automotive market in Saudi Arabia.

In summary, the strategic partnership between Wallan Trading and Renault Group represents a major milestone in the Saudi automotive market. Wallan Trading aims to solidify its leadership position, while Renault Group strives to enhance its footprint in the Kingdom. Together, they are well-positioned to introduce innovative automotive solutions, establish new benchmarks of excellence, and fuel the growth of the automotive sector in Saudi Arabia.

[thxnews]

Tesla: Leading the Electric Vehicle Revolution

  In the world of technology and innovation, few names are as well-known and reputable as that Tesla. Founded in 2003 by CEO Elon Musk, Tesla has become one of the most successful companies in the world. It offers a variety of state-of-the-art electric vehicles and energy solutions that are revolutionizing the way we think about transportation and renewable energy sources. But what was Tesla like when it first started? How has it changed since then?  

  Tesla Then: A Brief History.

Tesla is a name synonymous with innovation and forward-thinking. Founded by Martin Eberhard and Marc Tarpenning in 2003, the company has revolutionized the way we think about transportation, energy production, and more. They founders named the company after electrical engineer/inventor called Nikola Tesla. Less than one year after the company was formed, Elon Musk invested $6M and eventually became CEO in 2008.  The company gained initial notoriety when it unveiled its first vehicle – the Tesla Roadster – in 2008. This car was revolutionary because it could travel up to 244 miles on a single charge, making it the longest range of any electric vehicle on the market then.  

Nikola Tesla portrait. Photo by Thierry Ehrmann. Flickr.  

Early Innovations.

The history of innovation is a long and complicated one. Many famous names have been credited with major inventions, from Thomas Edison to Steve Jobs. However, one name stands out as an undisputed leader in the field: Nikola Tesla.  Tesla was born in Serbia in 1856, and his innovations have impacted the world since then. He worked on advances in electricity and magnetism that would eventually lead to inventions like laser beams, alternating current (AC) power systems, robotics, remote control technology, and so much more. His works are still relevant today; some of Tesla's technologies are even used by present-day companies such as Apple or Google for their devices or services.  Tesla's pioneering work continues to influence many aspects of modern technology today, from the power grids that keep our cities running to the wireless communication devices we use daily.  

Tesla's Store and Service Center. Photo by Maxim. Unsplash.  

Developing the Brand.

Tesla, Inc., the American automotive and energy company, has been a leader in electric vehicles since its inception in 2003. Over the last 17 years, Tesla has made incredible strides in developing and innovating their brand to become one of the most recognizable names in automobiles.  Today, Tesla is present in over 30 countries, and their electric vehicles are some of the most sought-after on the market. Through revolutionary products such as Autopilot, solar roofs, and even a pickup truck slated for production later this year, Tesla continuously pushes boundaries that were once thought impossible. Innovation from CEO Elon Musk has been a major factor in Tesla Inc's high-level achievements by pioneering electrification technology within the auto industry.  

Tesla Model S as electric taxi. Photo by Otmezger. Flickr.  

Recent Accomplishments.

The Tesla company has been making waves in the automotive industry recently. Tesla has unveiled several products, including electric vehicles like the Model S and Model X, as well as new energy storage solutions such as Powerwall and Solar Roof. In addition to these products, Tesla is also working on autonomous driving technology and self-driving cars. Some innovations have given consumers access to safer transportation options that reduce air pollution levels and lower overall carbon emissions. Tesla's accomplishments don't stop there; they have recently announced plans to expand their operations globally by opening new factories in China and Germany.  

Tesla production line. Photo by Windell Oskay. Flickr.  

Future Prospects.

At present, Tesla has not only made significant strides in becoming an established leader in electric vehicle production but it also is providing energy storage solutions for homes and businesses. With a passionate customer base and ambitious plans for the future, the company looks to continue its growth and further expand its influence worldwide.  In recent years, Tesla's innovation has greatly expanded its global presence with multiple car factories located around the globe. This expansion into new markets will enable Tesla to develop a larger customer base while continuing to provide quality electric vehicles that are efficient, stylish, and affordable.  

  Impact on Automotive Industry.

The automotive industry has experienced a major shift in recent years, largely due to the impact of Tesla. The revolutionary electric car manufacturer is responsible for some of the most significant changes in the industry since its inception. Tesla has revolutionized both vehicle production and design. The company's use of cutting-edge technology has enabled them to create vehicles with longer ranges and faster acceleration than traditional gas-powered cars. They have also introduced innovative features such as Autopilot, which allows drivers to navigate independently without any physical input from the driver. These advances have allowed Tesla to dominate the luxury electric car market and significantly impact how other automakers are designing their vehicles today. Tesla's success has been largely driven by its focus on customer satisfaction and its commitment to environmental sustainability.  

Conclusion.

In conclusion, They have come a long way from their humble origins. The company has grown from a small, independent manufacturer to a global leader in the automotive industry. Tesla's innovative approach to design and technology has revolutionized the industry and given us a glimpse into the future of transportation. Their commitment to sustainability and environmental protection is even more impressive, making them an example for other companies. As technology advances, so will Tesla and its unique vision for our future on the roads.   Sources: THX News & Wikipedia. Read the full article

[blogaarti]

South Africa Vehicle Battery Market :Industry Growth, Size, Trends and Forecast Analysis Report to 2025

Fairfield Market Research, a leading market intelligence firm, has unveiled a comprehensive report highlighting a positive growth trajectory for the vehicle battery market. With the increasing adoption of e-mobility and the nation's commitment to zero-emission transportation in the coming decade, vehicle battery sales are projected to exceed US$43 billion by the end of 2030. The market is expected to witness a steady CAGR of 4.6%, driven by advancements in battery technology.

For More Industry Insights Read: https://www.fairfieldmarketresearch.com/report/vehicle-battery-market

According to the report, lithium-ion batteries, renowned for their longer lifespan, higher energy density, and enhanced safety features, are poised to experience an impressive 15% sales growth throughout the forecast period. These batteries will remain the most sought-after type, playing a vital role in the electrification of vehicles. 

Forecasts for the auto industry indicate a strong possibility of electric vehicles outnumbering conventional vehicles in the next few decades, propelled by the growing global sustainable mobility movement. This transition towards electric vehicles will contribute to the buoyancy of vehicle battery sales. The role of governmental and non-governmental entities will be crucial as they announce substantial investments and initiatives to promote electric vehicles, boost battery technologies, and accelerate the development of EV charging infrastructure. The advancements in battery technology hold the promise of enhancing performance, extending battery lifespan, and improving safety, further supporting the surge in electric vehicle sales. 

While North American and European nations lead in demand generation for electric vehicles due to their regulatory support, South Africa is projected to benefit from a transformation in its regulatory framework, favoring electric vehicles. This shift will contribute to the country's growth in the vehicle battery market. 

China, known as the world's largest manufacturing hub, experienced the impact of the COVID-19 pandemic, including a significant decline in auto sales in 2020. However, the Chinese market quickly rebounded as the crisis subsided. Currently, China houses over 45% of the world's total battery manufacturing brands and continues to lead the vehicle battery landscape in the Asia Pacific region. Additionally, high-potential markets in the region, including Japan and South Korea, are expected to capture a substantial share of the market. 

The report also provides a detailed analysis of key competitors in the global vehicle battery market. Prominent market players such as BYD Company Limited, Johnson Controls International PLC, Panasonic Corporation, SAMSUNG SDI Co., Ltd., LG Chem Ltd., and Contemporary Amperex Technology Co., Limited have been profiled in the report. These leading battery manufacturers are anticipated to collaborate with researchers to drive research and development efforts, focusing on innovative battery technologies. Notably, researchers and start-ups are expected to prioritize the development of high-density vehicle batteries, with a focus on achieving faster charging capabilities and increased storage capacity.

For More Information Visit: https://www.fairfieldmarketresearch.com/

[stevecarell600]

Aircraft Microturbine Market Key Manufacturers, Market Growth and Forecast by 2028

The global Aircraft Micro Turbine Market size was USD 25.9 million in 2020. The market is projected to grow from USD 29.1 million in 2021 to USD 58.7 million in 2028 at a CAGR of 10.6% in the 2021-2028 period. This information is published by Fortune Business Insights™, in its report, titled, “Aircraft Micro Turbine Market, 2021-2028.”

As per our expert analysts, the market for micro turbine for aviation sector is developing since the past decade. The rising utilization of micro turbines for UAVs and small aircrafts is among the prime aspect, which is said to be accountable for considerable growth in the impending years.

Information Source:

 Report Coverage

We conduct our reports based on an exhaustive review approach that precisely emphasizes on providing accurate information. Our experts have imposed a data navigation technique that thereby aids us to offer reliable approximations and examine the general market aspects precisely. Further, our researchers have gained admittance to various international as well as domestically sponsored registers for offering the up-to-date material so that the stakeholders and business experts capitalize only in the fundamental zones.

Segmentation

On the basis of engine type, the market is classified into turboshaft, turbojet, and turboprop.

In terms of fuel type, the market is segregated into JET-A-1, diesel, kerosene, natural gas, and sustainable aviation fuel.

Based on the application, the market is categorized into VTOL, Air Taxi, RC planes, and UAVs.

In regards of end-user, the market is bifurcated into military and commercial.

The military segment is anticipated to have a dominant share in the market during the forecast period.

The Aircraft Micro Turbine market has been divided into North America, Europe, Asia Pacific, and the rest of the world.

Driving Factors

Rising Inclination towards Hybrid Electrification & Zero Carbon Emission Initiative to Boost Growth

Research demonstrates that the variety of high battery-powered electrical air vehicles are not compatible with moderately lesser power density of presently obtainable batteries. Basically adding more batteries will lead to the aircraft transforming to be heavy to fly with a practical cargo. The solution is a hybrid system that in turn is set to power the aircraft in flight with battery power offering an elevation during crucial stages such as take-off, hover, and landing. Prime players engaged in the business are capitalizing more in R&D to develop as the forthcoming prime players of hybrid technologies in Aircraft Micro Turbine market.

Regional Insights

North America market size stood at USD 10.2 million in 2020. North America to dominate the market owing to the existence companies, sellers, and suppliers in the U.S and Canada. This region held the largest Aircraft Micro Turbine market share in 2020.

The market Europe is anticipated observe considerable growth owing to majority of prime players and OEMs used to micro turbine manufacturing business belonging to this region.

The market in Asia Pacific is estimated to display significant growth owing to the growing demand for target drones and UAVs.

Competitive Landscape

Crucial Announcements by Fundamental Organizations to Spur Aircraft Micro Turbine Market Growth

The key players implement numerous tactics to boost their position in the market as dominating companies. One such crucial tactic is procuring companies to boost their brand importance among users. Another efficient stratagem is to intermittently unveil inventive products with systematic review of the market as well as its target audience.

Industry Development

September 2021: DRDO declared that they have positively completed flight-tests high speed dispensable aerial target ABHYAS off Odisha coast. It is driven by a gas turbine engine to withstand a long durable flight at subsonic speed and that the target aircraft is fortified with MEMS (Micro-Electro-Mechanical Systems).

List of Key Players Covered in the Report

AeroDesignWorks GmbH (Germany)

General Electric Company (U.S.)

Kratos Defense & Security Solutions, Inc. (U.S.)

PBS Group. a.s. (India)

Sentient Blue Technologies (Italy)

Turbotech SAS (France)

Williams International (U.S.)

[howll-blog]

The all-new Accord e: PHEV ushers in China's public debut

According to data from the China Association of Automobile Manufacturers, the Chinese automobile market achieved sales of 20.543 million vehicles in 2022, with new energy vehicle sales reaching 5.674 million, a year-on-year increase of 90%. In the rapidly changing era, only by embracing and leading the times can we maintain strong vitality.

The 2023 Shanghai Auto Show officially launched, with all major car companies showcasing their achievements. Among the masses of Wanfang, GAC Honda is as independent as Hanmei, and has become a unique presence at the auto show through its brand new high-quality products and electrification concept. Multiple models have made a stunning debut, and the all-new Accord showcases a new style

At this auto show, GAC Honda brought a series of heavyweight products. The flagship sedan product, the all-new Accord e: PHEV, is leading the way. The second bullet model of the e: NP brand, the e: NP2 Prototype, has made its global debut, and the third bullet electric concept car, the "e: N SUV Series," has made a high-energy debut. In addition, the new generation of Haoying e: HEV, the new model HATCHBACK e: HEV, ZR-V Zhizai e: HEV and other full matrix electric products have all participated in the exhibition with full sincerity. The all-new Accord e: PHEV. As a globally popular Accord model with a million Chinese audiences, it also embarked on an electrification journey at this auto show. The plug-in hybrid Accord has been named the all-new Accord e: PHEV, which made its debut to the Chinese public at the Shanghai Auto Show with its electric and intelligent charm of full dimensional reconstruction. As a culmination of Honda's cutting-edge technology, the all-new Accord e: PHEV is built on the Honda HA new architecture platform and is equipped for the first time with the fourth generation i-MMD PHEV plug-in hybrid technology and Honda's new generation intelligent networking technology, the Honda CONNECT 4.0 intelligent guidance interconnection system, providing users with a worry free PHEV driving experience of "power on, power off, fast, energy-saving, and stable", which can be considered the optimal solution for users to travel in the new energy era. It also brings a new round of transformation and competition to the mid to high-end plug-in hybrid sedan market Ms. Liu, the owner of a 12 year old hybrid Accord, shared with Shell Finance: "I have been driving this old Accord for 12 years, with a mileage of over 100000 kilometers, but so far there are no additional costs except for vulnerable parts and normal costs. The Accord is truly reassuring." For the new Accord e: PHEV, multiple consumers expressed their expectations for the comprehensive upgrade of the Accord in intelligence, networking, and low-carbon. The Accord, a global product with beauty, reliability, taste, and elegance, is expected to bring surprises to the new energy vehicle market after upgrading to the e: PHEV model.

[vijukumar]

The Automotive Market: Trends, Market Players

The automotive industry has undergone significant transformations in recent years, driven by technological advancements, shifting consumer preferences, and increasing environmental concerns. As a leading market research company, we have analyzed the current state of the automotive market, highlighting key trends, market players, and challenges that shape its future.

Market Size and Share

The global automotive market size is projected to reach $7.4 trillion by 2025, growing at a compound annual growth rate (CAGR) of 4.4% from 2020 to 2025. The market is dominated by the top five players: Toyota, Volkswagen, General Motors, Ford, and Honda, which collectively hold a market share of over 50%.

Market Trends

Several trends are shaping the automotive market:

Electrification: Electric vehicles (EVs) are gaining popularity, driven by government incentives, declining battery costs, and increasing environmental awareness. EVs are expected to account for 30% of global sales by 2030.

Autonomous Vehicles: Autonomous driving technology is advancing rapidly, with companies like Waymo, Tesla, and Cruise leading the charge. Autonomous vehicles are expected to revolutionize the industry, improving safety and efficiency.

Connected Cars: The rise of connected cars has enabled advanced safety features, improved infotainment systems, and enhanced customer experiences. This trend is expected to continue, with 75% of new vehicles featuring connectivity by 2025.

Sustainable Manufacturing: The industry is shifting towards sustainable manufacturing practices, focusing on reducing waste, energy consumption, and environmental impact. This trend is driven by consumer demand for eco-friendly products and government regulations.

Market Players

The top five players in the global automotive market are:

Toyota Motor Corporation: With a market share of 14.1%, Toyota is the largest player in the market, known for its reliable and fuel-efficient vehicles.

Volkswagen AG: Volkswagen holds a market share of 11.4%, with a strong presence in Europe and a growing presence in Asia.

General Motors Company: General Motors has a market share of 10.4%, with a diverse portfolio of brands including Chevrolet, Cadillac, and GMC.

Ford Motor Company: Ford has a market share of 8.5%, with a focus on electric and autonomous vehicles.

Honda Motor Co., Ltd.: Honda has a market share of 7.4%, with a strong presence in Asia and a growing presence in North America.

Market Challenges

The automotive market faces several challenges:

Regulatory Pressures: Stricter emissions regulations and increasing environmental concerns are driving the adoption of electric and hybrid vehicles, posing a significant challenge for traditional internal combustion engine manufacturers.

Technological Disruption: The rapid advancement of autonomous and connected car technologies is forcing companies to invest heavily in research and development to stay competitive.

Global Economic Uncertainty: Economic downturns and trade tensions can impact consumer spending and demand for vehicles, affecting the market's growth.

Supply Chain Disruptions: Global supply chain disruptions, such as those caused by the COVID-19 pandemic, can impact production and delivery of vehicles, leading to losses and revenue declines.

Conclusion The automotive market is undergoing significant transformations driven by technological advancements, shifting consumer preferences, and increasing environmental concerns. The top five players in the market are Toyota, Volkswagen, General Motors, Ford, and Honda, which collectively hold a market share of over 50%. The market is expected to grow at a CAGR of 4.4% from 2020 to 2025, driven by trends such as electrification, autonomous vehicles, connected cars, and sustainable manufacturing. However, the market faces challenges such as regulatory pressures, technological disruption, global economic uncertainty, and supply chain disruptions. To stay competitive, companies must invest in research and development, adopt sustainable manufacturing practices, and adapt to changing consumer preferences.

[hx-technology]

5g Era Of The Big Winner-PCB

Why PCB is the winner in the 5G era?

First, 5G base stations compared to 4G will have an increase in the number. According to public

 data from China's three major telecom operators, in 2016 China Mobile, China Telecom, China Unicom added 400,000 4G base stations, 380,000, 340,000, respectively, raising the total to 1.51 million, 890,000, 740,000, a total of about 3.14 million. And it is estimated that the number of small base stations alone will be more than 10 times the current base station market.

 Second, due to the characteristics of 5G high speed and high frequency, the value of the communication board will also be greatly enhanced in terms of individual base stations. On the one hand, with the increase of 5G frequency bands, the increase in frequency makes the number of RF front-end components increase significantly, as well as Massive MIMO integration to the AAU, the use of PCB circuit boards on the AAU area increased significantly, the number of layers increased, the added value of the antenna AAU to the PCB board and copper laminate; on the other hand, with the significant increase in 5G transmission data, the data processing capacity of the base station BBU has On the other hand, with the significant increase of 5G transmission data, there is a higher requirement for the data processing capacity of BBU of base station, which will adopt larger area and higher layer PCB, and the base material needs to use high speed and high frequency material. Conservative estimates show that the PCB telecommunication for 5G value of a single 5G macro base station is more than twice that of 4G.

 5G cell phones and tablet PCs and other thin and light demand to drive the FPC market

IDC has predicted that the first 5G smartphones will be available in the second half of 2019, and 5G phone shipments will reach 7% of total smartphone shipments by 2020 (about 212 million units), and 18% by 2022.

 According to industry research, the new Apple phone at least 20 pieces of FPC material number, the value of space more than $ 20, and flat-panel products are expected to further thin and light, will use a large number of FPC products. At the same time, leading domestic brands such as Huawei, OPPO, Vivo, etc. have also improved the amount of FPC to 10-12 pieces.

 In 2016, the global market size of FPC grew to 85.2 billion yuan, and the market size of FPC in China grew to 31.6 billion yuan. It is expected that by 2021, China FPC market is expected to reach 51.6 billion yuan, with a compound growth rate of 10%.

 Automotive electronics, electrification, and intelligence will bring incremental market space for PCBs

First, intelligent driving & automotive electronics: the electronicization of the car will bring the growth of automotive PCB usage, automotive electronics accounted for about 30% of the vehicle BOM in 2010, the proportion is expected to rise to 50% by 2030. The current mid-range models PCB use an area of about 0.5 to 0.7 square meters, the economic car PCB use an area of 0.3 to 0.4 square meters, assuming that the average PCB assembly price is 1000 yuan / square meter, the average value of about 800 yuan per car, luxury cars PCB use an area of about 2.5-3 square meters, the value of more than 2500 yuan per car, with the deepening of automotive electronics, automotive PCB demand area will gradually increase. Automotive PCB demand area will gradually grow. In addition, the advanced driver assistance system for intelligent driving ADAS also requires a large number of PCBs.

 Second, new energy vehicles: new energy vehicles than traditional cars with PCB volume has been greatly enhanced, if the preliminary estimate of single-vehicle PCB for 3 square meters, assuming that the average price of PCB is 1,000 yuan / square meter, the new energy vehicles in 2018 to 2020 corresponding PCB new market size of 2.850 billion yuan, 3.960 billion yuan, 5.430 billion yuan.

 Cloud Computing

Data centers drive the demand for high-end PCB products such as high-frequency and high-speed currently global data centers to high speed, high capacity and other characteristics of development. According to IDC, the global data center market size reached $45.2 billion in 2016, with a growth rate of 17%. China's data center growth is significantly faster than the global pace, with a scale of 71.5 billion RMB in 2016, a growth rate of 37%.

 https://www.hx-technology.com/5g-era-of-the-big-winner-pcb.html

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Int'l companies confident in China's innovation vitality

At the 2023 CES, Chinese companies impressed global exhibitors with innovative products and solutions, illustrating their emphasis on R&D investment and technology upgrades.

* "A lot of things happening in the tech world are starting in China and then are being extended to the world," said Oliver Zipse, chairman of the Board of Management of BMW AG.

LOS ANGELES, -- At the recently concluded 2023 Consumer Electronics Show (CES) in Las Vegas, many multinational companies showed great interest in China's innovative products and solutions and expressed optimism about China's innovation vitality.

The world's premier tech show, which concluded over the weekend with more than 3,200 exhibitors from over 170 countries and regions, drew hundreds of Chinese companies, including well-known brands like TCL, Lenovo and Hisense, as well as startups.

Oliver Zipse, chairman of the Board of Management of BMW AG, said the German auto giant would continue to deepen cooperation with its Chinese partners due to China's market and strong innovation capability.

In an interview with Xinhua and several other Chinese news outlets during the CES, Zipse said BMW is motivated to cooperate with its Chinese partners for two reasons. One is the market, as China has already been the largest market for BMW; the other is innovation since BMW's development strategy could only be realized with inspiration and innovation from China.

"A lot of things happening in the tech world are starting in China and then are being extended to the world," Zipse said, citing BMW's i7 Series, the latest electric luxury sedan launched in China in December, as the best example.

"The future of the BMW Group is very clear: digital, electric and circular. The future of the BMW Group also lies in the growth and the further development of our footprint in China. Because China is the frontrunner in all three strategic areas," he said. "I'm glad to see our strategic directions perfectly match the national policies of China."

More and more multinationals consider China one of the important production bases, sales markets and research and development (R&D) centers. According to Zipse, BMW has established the largest R&D and innovation team outside of Germany, with centers in Beijing, Shanghai, Shenyang, and Nanjing. Currently, BMW has about 3,200 employees in China that engaged in innovation-related work involving R&D, digitalization, electrification and other fields.

Jim Misener, senior director of product management for U.S. tech giant Qualcomm Technologies, also expressed his optimism about China's electric car innovation.

Misener said that China is leading the world in C-V2X (cellular vehicle-to-everything) technology development, mainly due to its government support and mature policies. "We always pointed to China when we talk to U.S. policymakers."

The C-V2X technology holds the potential to deliver transformational benefits in road safety and enhance environmental sustainability.

At the 2023 CES, Chinese companies impressed global exhibitors with innovative products and solutions, illustrating their emphasis on R&D investment and technology upgrades.

IRest, a massage equipment company based in China's southeastern Zhejiang Province, showcased different types of massage chairs, attracting a long line of visitors.

Liu Shijian, iRest's manager of the exhibition department, told Xinhua the company is committed to technology innovation and has introduced artificial intelligence in its 3D intelligent manipulator, which is the core technology of its massage chairs and can better assist programming and offer a personalized experience for consumers.

China's machinery and electronics industry has strong resilience, relatively complete industry chains and efficient supply chains, Shi Yonghong, vice president of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, told Xinhua. Shi added that China has been the world's largest exporter of mechanical and electrical products since 2009.