October 23, 2020

Arrival’s Electric Vehicle Vision Gets $118 Million Boost From BlackRock

Arrival, an electric vehicle maker backed by Hyundai and Kia that’s preparing to build electric delivery vans for UPS, just raised $118 million from investment giant BlackRock
BLK
to fund small-scale factories that the U.K.-based startup says give its battery-powered models a cost advantage over competitors.

BlackRock’s investment is the biggest infusion of funds Arrival has won to date and comes days after the company said its first U.S. “microfactory” will be built in South Carolina. The $46 million facility will be able to make as many as 1,000 electric buses a year and employ 240 people when it opens late next year. Arrival’s first microfactory, in Bicester, England, also opens in 2021.

“This additional capital will be invested into Arrival’s growth, as we deepen and

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Global Autonomous Vehicle Sensor Market | Increased Need to Reduce Road Accidents to Boost the Market Growth

The global autonomous vehicle sensor market size is poised to grow by 45.3 million units during 2020-2024, progressing at a CAGR of over 37% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201014005120/en/

Technavio has announced its latest market research report titled Global Autonomous Vehicle Sensors Market 2020-2024 (Graphic: Business Wire)

The rise in the urgency in curbing road accidents is one of the primary drivers for this market. Road traffic accidents are one of the leading causes of death. In an attempt to counter the rising number of

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Flourishing Electric Vehicle Industry to Boost Demand for Automotive Software in Asia-Pacific (APAC) in Coming Years

The rising urbanization, rapid technological advancements and innovations in the automotive industry, and the increasing consumer preference for vehicles equipped with advanced safety features have caused a sharp rise in the demand for advanced automobiles such as connected cars all over the world. As a result, the sales of connected cars have climbed steeply in several countries around the world. Because of this reason, the global connected car market industry reached a revenue of almost $72.5 billion in 2019. The ballooning sales of these vehicles are fueling the surge in the requirement for automotive software.

This is because of the integration of advanced technologies such as the internet of things (IoT) in the various systems incorporated in the connected cars. The IoT-based technologies and systems are helping the automobile manufacturers achieve pathbreaking results related to in-vehicle connectivity solutions. Furthermore, the integration of these innovative technologies enhances the safety of the

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Automotive Engineering Service Providers Market | Increasing Vehicle Digitization and Electrification to Boost the Market Growth

LONDON–(BUSINESS WIRE)–Oct 9, 2020–

The global automotive engineering service providers market size is poised to grow by USD 5.31 billion during 2020-2024, progressing at a CAGR of over 6% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201009005403/en/

Technavio has announced its latest market research report titled Global Automotive Engineering Service Providers (ESP) Market 2020-2024 (Graphic: Business Wire).

Disruptive technology-driven trends in the automotive industry have been propelling automotive OEMs to incorporate advanced driver-assistance systems (ADAS) primarily for product differentiation and gain competitive advantage. The significant demand from the

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Global Automotive Usage-Based Insurance Market | Use of Smartphone-enabled Programs to Boost the Market Growth

The global automotive usage-based insurance market size is poised to grow by 37.25 million units during 2020-2024, progressing at a CAGR of almost 7% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201009005433/en/

Technavio has announced its latest market research report titled Global Automotive Usage-Based Insurance Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Automotive Usage-Based Insurance Market 2020-2024 (Graphic: Business Wire)

The growth in smartphone-enabled programs and their usage will be a significant factor driving the growth of the automotive usage-based insurance market. Automotive OEMs are increasingly collaborating with smartphone and tablet manufacturers to provide in-vehicle products and services.

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Technavio Research: Bicycle Market | Environmental & Economic Benefits of Bicycles to Boost the Market Growth

The global bicycle market size is poised to grow by USD 10.5 billion during 2020-2024, progressing at a CAGR of almost 4% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201009005263/en/

Technavio has announced its latest market research report titled Global Bicycle Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Bicycle Market 2020-2024 (Graphic: Business Wire)

The health, environmental, and economic benefits of cycling will be a significant factor driving the growth of the bicycle market. Regular physical activity such as riding a bicycle can help in reducing the risk of various health issues, including cardiovascular diseases, obesity,

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Bicycle Market | Environmental & Economic Benefits of Bicycles to Boost the Market Growth

The global bicycle market size is poised to grow by USD 10.5 billion during 2020-2024, progressing at a CAGR of almost 4% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201009005263/en/

Technavio has announced its latest market research report titled Global Bicycle Market 2020-2024 (Graphic: Business Wire)

The health, environmental, and economic benefits of cycling will be a significant factor driving the growth of the bicycle market. Regular physical activity such as riding a bicycle can help in reducing the risk of various health issues, including cardiovascular diseases, obesity,

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Loveland-based electric vehicle manufacturer teams up with Fluid Truck to boost more zero-emission fleet

A Loveland-based company that designs and manufactures electric vehicles for commercial and government fleets has landed an order for 600 vans and trucks from Fluid Truck, which rents commercial vehicles.

The order calls for Lightning Systems to produce an assortment of all-electric Lightning Electric Ford Transit delivery vans and medium-duty trucks. The two companies said in a statement Thursday that the vehicles will be used in major metropolitan areas across the U.S.

“This is an exciting opportunity for both companies due to the rising demand for electric vehicles from commercial customers who have sustainability requirements for their fleets,” said Tim Reeser, CEO of Lightning Systems.

Reeser expects to see demand for electric commercial vehicles to keep rising as cities look at designating zero-emission zones.

In September, California Gov. Gavin Newsom signed an executive order directing state regulators to develop a plan requiring automakers to sell more zero-emissions passenger vehicles, including

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Automotive ADAS Market in China Will Showcase Negative Impact During 2020-2024 | Growing Importance of Crash Test and NCAP Ratings to Boost the Market Growth | Technavio

LONDON–(BUSINESS WIRE)–Technavio has been monitoring the automotive advanced driver assistance system (ADAS) market in China and it is poised to grow by $ 2.30 billion during 2020-2024, progressing at a CAGR of about 14% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aptiv Plc, Continental AG,

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Paints and Coatings Market | Growth of Automotive Industry to Boost the Market Growth

The global paints and coatings market size is poised to grow by USD 33.64 billion during 2020-2024, progressing at a CAGR of about 4% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201008005449/en/

Technavio has announced its latest market research report titled Global Paints and Coatings Market 2020-2024 (Graphic: Business Wire)

The growth of the global automotive industry is one of the key factors driving the global paints and coatings market growth. Economic growth in emerging countries and rising foreign investments have increased per capita income. As a result,

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