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Abetted by Green Factories, Global Smart Manufacturing Market Estimated to Reach US$620 Billion by 2026, Says TrendForce

17 August 2022

According to TrendForce research, companies are moving actively on energy conservation and carbon reduction. In the short term, the introduction of automation as an intelligent foundation will attract increasing attention from the industry and emerging market demands such as remote operations, virtual reality, and simulation operations will become more practical in the medium term. This stage of development is expected to solve the dilemma posed by the slow progress of Industry 4.0, accelerate the development of related technologies, and drive the global smart manufacturing market to reach US$620 billion by 2026.

Global NEV Sales Reach 2.19 Million Units in 2Q22, TESLA Market Share Falls to 15.9%, Says TrendForce

16 August 2022

The new car market remained under the shadow of supply chain shortages and the pandemic in 2Q22 but new energy vehicles (NEVs including battery electric vehicles, plug-in hybrid electric vehicles, and fuel cell vehicles) still outperformed gasoline vehicles and maintained positive growth. According to TrendForce data, total sales of NEVs in 2Q22 reached 2.192 million units, 53.5% YoY. Sales of battery electric vehicles (BEV) reached 1.608 million units, 64.9% YoY, and sales of plug-in hybrid electric vehicles (PHEV) were 580,000 units, 29% YoY.

EVs and Charging Industry Poised to Take Off as the World Chases Decarbonization and Net Zero, Says TrendForce

18 July 2022

According to TrendForce research, sales of electric vehicles (EVs) that can be externally charged or refueled such as BEVs, PHEVs, and FCVs are estimated to exceed 25% of global new vehicle sales by 2025. The main driving force in the market comes from accelerated worldwide decarbonization. In order to meet the goals of carbon neutrality, nations and corporations will eliminate internal combustion vehicles that are highly dependent on fossil fuels and also major carbon emitters.

Bucking Trends NEV Market Grew in 1Q22 with Global Sales Exceeding 2 Million Units, Says TrendForce

16 May 2022

According to TrendForce data, total sales of new energy vehicles (NEVs including battery electric vehicles, plug-in hybrid electric vehicles, and fuel cell vehicles) in 1Q22 was 2.004 million units, an annual growth rate of 80%. Battery electric vehicles (BEV) demonstrated the strongest growth with sales reaching 1.508 million units. Plug-in hybrid electric vehicles (PHEVs) sold 493,000 units. Growth in NEV sales did not come easy, as global auto market sales (regardless of powertrain type) fell by 7% YoY in 1Q22 due to factors such as the chip shortage, Russian-Ukrainian war, and China's pandemic lockdown and prevention measures.

Russian-Ukrainian War Rages On, Affecting Renault, Hyundai, and Volkswagen, Says TrendForce

23 March 2022

Due to the Russian-Ukrainian war, automotive factories currently located in Russia have shut down successively and stopped importing vehicles, TrendForce asserts. In addition, Russia has stated that if foreign-funded enterprises choose to permanently suspend business or withdraw from the market during this period, the Russian government will nationalize their business assets. Most automotive brands have factories in Russia and now face the dual pressures of international public opinion and corporate losses. According to TrendForce investigations, after Renault-Nissan acquired the Russian brand LADA, its market share reached 32%, making it the largest automotive brand in Russia followed by Hyundai-Kia at 23% and Volkswagen at 12%.


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