PALO ALTO, CA—Tesla Inc. has agreed to acquire ATW Automation, which builds battery and transmission assembly lines for major automakers like BMW and Daimler.
Sales of electric vehicles (EVs), particularly plug-in hybrids and full battery electrics, are growing faster than expected, according to a study released earlier this year by the Boston Consulting Group.
COEUR d'ALENE, ID–KORE Power, a leading developer of battery cell and energy system storage technologies, recently announced that it is building a large-scale battery cell manufacturing facility that will open in early 2021 and create an estimated 18,000 direct and indirect jobs.
Navigant says that plug-in electric vehicle sales last year doubled in North America, and sales in Europe and China increased 39% and 77%, respectively. And by 2030, annual PEV sales are estimated to be between 15% and 32% of the global light-duty vehicle market.
Battery electric vehicles could be on the fast track to reach an installed base of over 100 million by 2029, but much of the growth in electrification hinges on battery technology as well as educated and willing consumers.
The electrification of automotive powertrains has accelerated as the world's automakers come to the realization that traditional ICE (internal combustion engine) vehicles can no longer keep pace with stringent global emissions requirements, especially those in Europe.
Automakers are scrambling to build a new generation of vehicles that are intelligent, connected and electrified. That’s forcing engineers to rethink how traditional assembly lines and production processes function.
The Budweiser Clydesdales have been an advertising icon since April 7, 1933, when the first hitch of eight horses trotted away from the Anheuser-Busch brewery in St. Louis with a wagon-load of beer to celebrate the end of Prohibition.