The automotive industry refers to the sector of the economy that is involved in the design, development, manufacturing, marketing, and selling of motor vehicles. This industry encompasses a wide range of companies and organizations, including automobile manufacturers, suppliers of parts and components, dealerships, and service providers. It includes a variety of vehicle types, such as cars, trucks, buses, and motorcycles, as well as advancements in technologies like electric vehicles and autonomous driving systems. The automotive industry plays a significant role in global economies, contributing to employment, technological innovation, and trade. Its dynamics are influenced by factors such as consumer demand, regulatory standards, and environmental concerns.
Electric Vehicles (EVs) could provide 114 terawatt-hours of capacity, powering 30 million homes annually, or 4% of Europe’s energy supply. By 2040, EVs may meet 10% of Europe's power needs…
Europe is focusing on nearshoring to revitalise its automotive industry and reduce reliance on distant supply chains. Batteries, essential for electric vehicles (EVs), are central to Europe's strategy for sustainability…
Stellantis is partnering with Zeta Energy to develop innovative lithium-sulfur (Li-S) batteries for electric vehicles. Li-S technology uses abundant sulfur, significantly reducing battery production costs by up to 50%. Future…
The rise in electric vehicle popularity has caused their resale values to decline significantly. Used EV batteries can retain up to 80% of their capacity after the vehicle's life, making…
BMW Group is embarking on an ambitious journey towards sustainability. In a groundbreaking move, the automaker is investing €10 million (approximately $10.5 million) to establish a state-of-the-art battery recycling center…