Latest news with #EVadoption
Forbes
18 hours ago
- Business
- Forbes
China Market Update: CATL Shares Fall Despite Strong Earnings, Mainland Outperforms Hong Kong
CLN Asian equities were mixed overnight as investors awaited today's decision from the US Federal Reserve, as Taiwan and Vietnam outperformed, while Hong Kong and Indonesia underperformed. Battery giant Contemporary Amperex Technology (CATL) fell over -5% in Mainland trading despite strong earnings. The company reported a net income increase of 34% year-over-year in the first quarter of 2025. CATL is the world's largest battery maker, supplying Tesla worldwide. The company's results are a counter argument to the narrative of slowing electric vehicle (EV) adoption outside of China. They are also impressive amid all of discussion of overcapacity in China's automobile sector. CATL investors are concerned about Tesla's partnership with another battery maker based in South Korea. Tesla likely just needs to balance its supply chain exposure. In our opinion, CATL still has the superior technology with the best range on its batteries, which is what counts for adoption, after all. Mainland investors were net buyers of Alibaba and internet stocks broadly on weakness and they were net sellers of recent outperformers in health care as well a technology hardware stocks, such as Semiconductor Manufacturing (SMIC). Overall, Southbound flow was positive as Mainland investors bought a net $1.5 billion worth of Hong Kong -listed stocks and ETFs, following multiple billion dollar-plus days, which is positive. There was little new news on the trade front as representatives wrapped up their Stockholm meeting. Investors would like more clarity on this, as there have been some conflicting signals. Trump's pressure on Russia is a benefit to trade negotiations, in my opinion. The US can ask China to help bring Russia to the negotiation and/or cease fire table. Mainland-listed A shares significantly outperformed Hong Kong stocks, a rare divergence and some welcome momentum in the Mainland market, which has been lackluster in terms of returns so far this year, compared to Hong Kong's meteoric rise and outperformance versus most global stock markets. New Content Read our latest article: KraneShares KOID ETF: Humanoid Robot Rings Nasdaq Opening Bell Please click here to read Chart1 Chart2 Chart3 Chart4 Chart5 Chart6
Yahoo
a day ago
- Automotive
- Yahoo
Electric Vehicle Tires Market worth $27.63 billion by 2032
DELRAY BEACH, Fla., July 30, 2025 /PRNewswire/ -- The global electric vehicle tires market size is projected to grow from USD 11.21 billion in 2025 to USD 27.63 billion by 2032, at a CAGR of 13.6%., according to a new report by MarketsandMarkets. The market's growth is driven by surging electric vehicle adoption across the passenger and commercial segments, necessitating tires with higher load capacity and optimized rolling resistance. OEMs are increasingly integrating EV-specific tires as standard fitments, enhancing demand. Advancements in tire technology, such as low-noise compounds and smart features, further support EV efficiency and safety. Government incentives and tightening emission norms also accelerate the shift toward electric mobility, indirectly fueling tire market growth. Download an Illustrative overview: Browse in-depth TOC on "Electric Vehicle Tires Market" 276 - Tables 75 - Figures 312 - Pages The passenger cars segment is projected to account for the largest share during the forecast period Switch Auto Insurance and Save Today! Affordable Auto Insurance, Customized for You The Insurance Savings You Expect Great Rates and Award-Winning Service By vehicle type, the passenger cars segment is projected to account for the largest share during the forecast period. Increasing focus on reducing CO2 emissions from passenger cars is driving the demand for electric vehicle tires among several automotive manufacturers. Hence, tire manufacturers work closely with automakers to develop and provide electric vehicle tires. For example, in May 2025, Pirelli & C. SpA launched the P Zero Fifth Generation tire, engineered for electric vehicles with AI-driven tread patterns and low rolling resistance for extended range, and the Cinturato Summer Tire, targeting luxury EVs with top wet grip and noise reduction ratings. These launches support Pirelli's 12% volume growth target for 2025 and strengthen partnerships with leading global electric vehicle makers. In February 2025, Michelin launched the e. Primacy All-Season tire, designed for EVs, hybrids, and ICE vehicles. The tire is up to 25% more efficient than competitors, extends EV range by up to 32 km (20 miles), and lasts up to 21,000 km (13,000 miles) longer than competitors. Features include GreenPower Compound for low energy consumption, Cushion Guard for comfort, and Piano Acoustic Technology for noise reduction. In February 2025, Hyundai and Michelin extended their R&D partnership to develop next-generation tires optimized for premium EVs, focusing on eco-design, use of renewable and recycled materials, tire performance for heavier EVs, and real-time tire monitoring systems. In February 2025, Bridgestone Corporation was selected by Porsche to supply custom-engineered Potenza Sport ultra-high-performance tires for the new Macan Electric and Panamera models. The latest Panamera model can also be equipped with tailor-made Blizzak LM005 winter tires, marking Bridgestone's first winter OE fitment for Porsche. This collaboration reinforces Bridgestone's role in premium, EV-compatible tyre development. The off-road segment is projected to exhibit the highest growth during the forecast period By application, the off-road segment is projected to achieve the highest electric vehicle tires market growth by 2032. The off-road application of electric vehicle tires includes heavy-duty trucks and construction. The construction industry has recently experienced rapid growth in developing economies, which has catalyzed the demand for off-road tires. Also, North America is the largest pick-up truck market for transporting goods and passengers. As a result, many vehicle manufacturers, such as Ford, Chevrolet, Rivian, and Tesla, are releasing electric pick-up trucks. The F-150 Lightning, Rivian R1T pick-up truck, Silverado EV pick-up truck, and Tesla Cybertruck are among the few models offering off-road applications. This growing availability of electric trucks will boost the demand for off-road electric vehicle tires. Additionally, many fleet owners providing vehicles at construction and mining sites are being educated regarding the long-term benefits of using electric vehicles and their tires. Hindustan Zinc Limited, an Indian mining and resource production company, has added the Normet Agitator SmartDrive EV into its underground mining operations. There is an increasing need for high-quality electric vehicle tires with excellent durability and better grip for all terrains. Therefore, many key tire manufacturers are investing heavily in this segment and launching off-road capable tires. For example, in April 2025, Pirelli & C. SpA launched the Scorpion XTM AT, an all-terrain tire designed for EVs and ICE trucks, with initial rollout focused on EV applications. Available in 37 sizes for wheels from 17" to 24", the tire expands Pirelli's Scorpion family, emphasizing performance and comfort for electric SUVs and trucks. In January 2025, Michelin and Beontag expanded their partnership to integrate RFID technology into millions of new commercial and passenger tires over the next two years. The RFID-enabled tires will provide full lifecycle traceability, support for predictive maintenance, and compliance with new sustainability regulations. Similarly, in September 2024, Goodyear Tire & Rubber Company 2025 showcased the new EQMAX and EQMAX ULTRA tire range, both Electric Drive Ready and made with up to 55% sustainable materials. These tires offer up to 20% better mileage and 6% improved rolling resistance versus previous models, targeting commercial fleets and EVs. The tour also highlights Goodyear's Tires-as-a-Service and TPMS Connect solutions for fleet efficiency and sustainability. Get 10% Free Customization on this Report: Germany is projected to dominate the European electric vehicle tires market during the forecast period Germany is projected to account for the largest market in Europe during the forecast period. The country is considered the hub of the automotive industry and the largest producer of passenger cars. Increasing sales of electric passenger cars are the key driving factor for electric vehicle tires in Germany. Advancements in the automotive industry in the country are another key factor impacting the growth of the electric vehicle tires market in the region. Additionally, increasing government initiatives to control carbon emissions are boosting the sales of electric vehicles in Europe, which will boost the electric vehicle tires market in the region. In February 2025, Continental AG launched the new Conti Eco HS 5 and Conti Efficient Pro HS 5 tire lines, specifically engineered for electric commercial vehicles. These tires feature higher load indices to support heavier EVs, reduced rolling resistance for increased range, and are developed in partnership with Designwerk Technologies. The new lines help optimize total cost of ownership (TCO) and support the electrification of commercial vehicle fleets in Europe. In March 2025, Kumho Tire Co., Inc. announced an investment of USD 750 million to build its first European factory (targeted for 2027) to capitalize on the electric vehicle market. It introduced EnnoV, an EV-dedicated tire with enhanced quietness, aiming for 150,000 units sold in 2025 and targeting up to 35% of total sales from EV tires. In June 2024, at the Tire Cologne, Kenda showcased its entire automotive product range and announced the development of an all-season electric vehicle tire for the European market. The new tire will focus on smaller SUVs and passenger cars, meeting all EV requirements, including higher weight carrying abilities, lower rolling resistance, and lower noise levels. Key Market Electric Vehicle Tires Industry: Prominent players in the Electric Vehicle Tires Companies include as Michelin (France), Bridgestone Corporation (Japan), The Goodyear Tire & Rubber Corporation (US), Continental AG (Germany), and Pirelli & C. SpA (Italy), Sumitomo Rubber Industries, Ltd. (Japan), among others. Related Reports: Electric Vehicle Market Automotive Green Tires Market OTR Tires Market Get access to the latest updates on Electric Vehicle Tires Companies and Electric Vehicle Tires Industry Growth About MarketsandMarkets™: MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter , LinkedIn and Facebook . Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC. 1615 South Congress Ave. Suite 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Website: Logo: View original content: SOURCE MarketsandMarkets
Yahoo
23-07-2025
- Automotive
- Yahoo
Electric car grant supercharges salary sacrifice EV deals
The UK Government's new Electric Car Grant (ECG) is a welcome and overdue boost for electric vehicle adoption, one that makes salary sacrifice schemes more appealing than ever for drivers and employers alike. Offering up to £3,750 off the price of a new electric car under £37,000, this grant reintroduces meaningful financial support for clean transport, and does so in a smarter, more targeted way. A two-tier system rewards the lowest-emission models with the highest discounts, while all eligible cars will see the grant applied automatically at the point of sale—no forms, no hassle. For companies offering EVs through salary sacrifice schemes, this is a game-changer. Combined with existing tax benefits, the grant pushes costs down further, making net-zero motoring accessible to even more people. Salary sacrifice has already proven to be one of the most cost-effective routes into EV ownership. Drivers benefit from tax-efficient monthly payments, employers improve their green credentials, and the public sees fewer polluting cars on the road. Now, with the ECG in play, the monthly savings grow even more substantial—provided you're with a provider that knows how to make the most of it. The best salary sacrifice companies, those worth their salt, will pass these new savings on immediately and transparently. They'll also offer a broad range of vehicles from multiple manufacturers, ensuring drivers aren't limited to a handful of eligible models. With the right provider, you'll see the grant applied seamlessly, with clear pricing and no added complexity. Backed by £650 million in government funding until at least 2028/29, the ECG represents a serious and long-term commitment to decarbonising transport. It builds on the legacy of the now-defunct Plug-in Car Grant but ties funding to sustainability performance, a move that rewards greener engineering and encourages manufacturers to push even further. This isn't just about individual drivers saving money. It's about accelerating the shift away from fossil fuels, and salary sacrifice is playing a crucial role in that transition. When supported by smart government policy like the ECG, and delivered by capable providers, the model offers a win for the environment, for businesses, and for drivers alike. For those still on the fence about making the switch to electric, this grant might just be the nudge that makes it a no-brainer. The message is clear: go electric now, and do it through a salary sacrifice scheme that delivers real value. "Electric car grant supercharges salary sacrifice EV deals" was originally created and published by Motor Finance Online, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Bloomberg
22-07-2025
- Automotive
- Bloomberg
Bloombergnef's Electric Vehicle Outlook 2025
The electric vehicle landscape is evolving unevenly across regions. A mix of technological developments, policy decisions, and global political dynamics are shaping growth trends across markets and vehicle types. BloombergNEF's Electric Vehicle Outlook 2025 offers insights into both the near- and long-term pathways for EV adoption, the transformation of road transport, shifts in oil and metal demand, electricity consumption, charging infrastructure rollouts, emissions trajectories, and more. Discussion Topics: - Near-term and long-term EV adoption trends by country and segment - The impact of recent policy changes on vehicle electrification - Uptake of battery-electric vehicles, plug-in hybrids and range-extender electric vehicles - Battery chemistries and costs, and the demand and supply of key materials - Charging infrastructure requirements, deployment trends and outlook - Highlights on the rising costs of public EV charging, the commercialization of solid-state batteries and the uses of ethanol across different modes of transport Speakers Aleksandra O'Donovan Head of Electrified Transport BloombergNEF Aleksandra O'Donovan is Head of Electrified Transport at BloombergNEF. She is responsible for the coverage of the global electrified transport markets, and specializes in the analysis of the electric vehicles sales trends, infrastructure development and changing policy environment. Aleksandra has been with BloombergNEF since 2008, and prior to her role in the Advanced Transport team she has lead research focused on global biomass-to-power, waste-to-energy and biofuels markets. Aleksandra finished her Master's degree in Sustainable Technologies at the Royal Institute of Technology in Stockholm, Sweden. She also holds a BSc in Environmental Protection and Management from the Gdansk University of Technology, Poland. Andrew Grant Intelligent Mobility BloombergNEF Andrew Grant leads BloombergNEF's global Intelligent Mobility research team, which produces research, datasets and long-term outlooks on shared mobility services and autonomous vehicles. Andrew is also an author and the lead modeler of BNEF's annual 'Long-Term Electric Vehicle Outlook'. Based in London, U.K., Andrew holds MSc Applied Economics and Bachelor of Business Science in Economics degrees from the University of Cape Town. Charging Infrastructure BloombergNEF Ryan leads Charging Infrastructure research at BloombergNEF. He covers the technology, policy and economic factors shaping the transport sector. Within the team Ryan authors research on the status of the industry, financial analysis and forecasts. He regularly contributes to Bloomberg's Hyperdrive column with opinions and analysis from his research. Prior to joining BloombergNEF Ryan worked at Jaguar Land Rover for five years working on their electrification and mobility strategies. Ryan holds a master's degree in Automotive Technology from the University of Warwick and a degree in Aerospace Engineering from the University of Liverpool.
Yahoo
09-07-2025
- Automotive
- Yahoo
Major street charging push as avalanche of EV models set to hit Australian market
Hundreds of new electric vehicle chargers are being rolled out across Australia's most populous state to cater to rising demand, as fresh data reveals that EVs continue to climb in popularity across the country. In NSW, 549 new kerbside chargers are set to be rolled out across 130 suburbs (full list below), in what the state government said will "help slash household transport costs" and "accelerate our efforts to reach the legislated net zero emissions targets". It comes as EV sales in Australia outpace the first half of last year, with the environmentally friendly vehicles representing 12 per cent of all new car sales, up from 9.6 per cent during the same period in 2024, according to the Electric Vehicle Council. For the first time since entering the Australian market, Chinese brand BYD has surpassed long-time rival Tesla by a significant margin. In particular, BYD's Shark 6 plug-in hybrid electric ute was snapped up by almost 3,000 motorists last month, representing more than double its sales in May. The boost lifted BYD to become Australia's fifth-best-selling vehicle brand during June, surpassing electric competitor Tesla, which ranked in tenth place. Australia does continue to trail behind other developed nations when it comes to EV adoption, including in places like Norway, where almost 90 per cent of new car sales are electric or hybrid. As well as in China, the world's largest EV market by volume, and the Netherlands and Sweden, where nearly 50 per cent of new car sales are electric or hybrid. Yet in June 2025 alone, electric vehicles did account for almost 16 per cent of all new cars sold, a steadily rising figure. The milestone comes as the nation prepares to welcome an avalanche of new models in the coming months. More than 100 electric and hybrid vehicles were on display at the Melbourne EV Show last month, with organiser Future Drive Auto chief executive Ray Evans, extolling 2025 as a major tipping point for EVs in Australia. "The changes are certainly happening fast," he told AAP. "Before we had very limited products available — obviously Tesla and BYD and a few others — but that's escalated to a point where next year there are 70 new (electric) models going to be released in Australia." Industry experts say the packed recent event and others like it planned for this year demonstrate Australia's transport policies are having an impact and changing the future make-up of our roads. That impact is expected to accelerate after the federal government's New Vehicle Efficiency Standard that sets emissions limits for manufacturers came into effect this year, with penalties now enforced from this month. As a result, more electric cars are scheduled to launch, and some petrol and diesel vehicles may be removed from sale, although debate continues over whether motorists are ready for the changes. For Electric Vehicle Council chief executive Julie Delvecchio, the arrival of penalties under the standard is "where the rubber hits the road" and consumers will be able to see what the rules deliver. The standard, introduced in January, sets yearly emission limits for new vehicle fleets that manufacturers must meet or trade credits, or otherwise pay penalties, to be compliant. Brands must register new vehicles with the government from July to begin tracking emission levels, to reach no more than 141 grams of carbon dioxide per kilometre for passenger vehicles and 210 grams per km for light goods vehicles this year. Having fines embedded into the scheme is important for enforcement, Ms Delvecchio said, even though brands are expected to avoid them by selling more advanced, low-emission transport options. According to her, the start of July was "an important turning point for clean energy and clean transport in Australia," as the new standards got some teeth. The new chargers announced on Wednesday by the NSW government are slated to make charging easier, more accessible and convenient for drivers who don't have off-street parking, such as those who live in apartments and dense housing areas. The state government is tipping in $2.8 million for the new chargers and partnering with Charge Post, Connected Kerb, EVX, Plus ES and EF Asset Management for the new devicces. They will be installed across 22 Local Government Areas: City Of Parramatta – 70 Inner West – 47 City of Sydney – 48 Bayside – 37 Northern Beaches – 66 Newcastle City – 48 Ryde City – 42 Ku-ring-gai – 25 Penrith City – 14 Hunter's Hill – 26 Strathfield – 24 Hornsby Shire – 22 The Hills Shire – 10 Cumberland – 9 Willoughby City – 18 Woollahra – 9 Wollongong City – 12 Randwick City – 7 Waverley– 7 Lane Cove – 2 Shellharbour – 4 Sutherland Shire – 2 with AAP Do you have a story tip? Email: newsroomau@ You can also follow us on Facebook, Instagram, TikTok, Twitter and YouTube.
