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Battery Electric Vehicles Market from heavy-duty vehicles segment to grow at 9% CAGR till 2025

Improvements in battery technologies, higher driving range, and charging infrastructure are providing a significant boost to battery electric vehicles market expansion.

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According to Global Market Insights, the battery electric vehicles market share from heavy-duty vehicles segment will exhibit a CAGR of 9% over 2019-2025. The adoption of battery electric heavy-duty vehicles in a bid to reduce emission from commercial transportation will thus propel the global battery electric vehicles market in the coming years.

The rising demand for electric heavy-duty trucks is attributed to the benefits offered including higher efficiency, lower maintenance costs, and the availability of superior power and torque. Industry players are engaged in developing advanced electric powertrain for improving the electric truck performance in diversified operating conditions.

The rising concerns pertaining to vehicular emissions are expected to boost the global battery electric vehicles market over the forthcoming years. In 2018, carbon emissions were at an all-time high, with the automotive industry being a major contributor. Emissions from cars and trucks using fossil fuels continue to grow at an alarming rate in all parts of the world. A common factor among both developed and developing economies on these grounds has been the continuous rise in the use of oil in the transport sector.

Get a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/3181

According to the latest forecasts, the level of CO2 in the atmosphere is projected to witness an average rise of 2.75 parts per million over 2019. If the world needs to meet the temperature goals of the Paris agreement, global emissions need to plummet by 2020. Unlike conventional vehicles though, battery powered vehicles don’t require fuels and hence don’t release much CO2. The growing number of issues related to vehicular emissions paired with the increasing need to reduce the effects of greenhouse gases will thus propel battery electric vehicles market share in the future.

Improvements in battery technologies, higher driving range, and charging infrastructure are providing a significant boost to battery electric vehicles market expansion. Industry players are constantly investing in R&D to diversify and expand their product portfolio to target a wide customer base. Several economies are testing the feasibility of deploying electric buses for felicitating daily transportation to enhance the efficiency and reduce greenhouse gas emissions.

Industry players are continuously investing in R&D for developing advanced battery solutions. For instance, in October 2017, Toshiba unveiled its advanced battery for electric vehicles that can enable around 320 km range coupled with ultra-fast charging technologies. Additionally, advent of graphene and zebra solid state batteries are further providing a positive outlook for the battery electric vehicles market expansion over the forecast timeframe.

North America battery electric vehicles will account for a considerable share on account of favorable government incentives and tax policies. Additionally, governments across the region are focusing on developing charging infrastructure to support the growing demand for such vehicles. For instance, the government in British Columbia offers discounts and rebates of up to USD 5,000 for battery electric vehicles under its Clean Energy Vehicles for British Columbia – Point of Sale Incentive Program.

Browse key industry insights spread across 210 pages with 218 market data tables & 9 figures & charts from the report, “Battery Electric Vehicles Market” in detail along with the table of contents: https://www.gminsights.com/industry-analysis/battery-electric-vehicles-bev-market

Few of the key players in the battery electric vehicles market place include BYD company Ltd., BMW, Daimler AG, Volkswagen AG, Ford Motor Company, Toyota Motor Corporation, Nissan Motor Corporation, Hyundai Motor Company, and Tesla Inc.

Glimpse of Table of Content (ToC)

Chapter 3 Battery Electric Vehicles Market Insights

3.1 Industry segmentation

3.2 Industry landscape, 2013 – 2025

3.3 Industry ecosystem analysis

3.3.1 Component suppliers

3.3.2 Manufacturers

3.3.3 Profit margin analysis

3.3.4 Distribution channel analysis

3.3.4.1 Dealers

3.3.4.2 End-users

3.3.5 Vendor matrix

3.4 Pricing analysis

3.4.1.1 North America

3.4.1.2 Europe

3.4.1.3 Asia Pacific

3.4.1.4 Latin America

3.4.1.5 Middle East & Africa

3.4.2 Cost structure analysis

3.5 Technology Landscape

3.5.1 Lithium-ion batteries

3.5.2 Na/NiCl2(Zebra) battery (Zebra battery)

3.6 Regulatory landscape

3.6.1 North America

3.6.1.1 U.S.

3.6.2 Europe

3.6.3 Asia Pacific

3.6.3.1 China

3.6.3.2 India

3.6.4 Latin America

3.6.4.1 Mexico

3.6.5 MEA

3.6.5.1 UAE

3.7 Industry impact forces

3.7.1 Growth drivers, by region

3.7.1.1 North America

3.7.1.1.1 Government initiatives to reduce carbon footprint

3.7.1.2 Europe

3.7.1.2.1 Presence of multiple automotive OEMs along with investments for technology advancements

3.7.1.3 Asia Pacific

3.7.1.3.1 Increasing requirement for lower cost and clean mobility & transportation solutions

3.7.1.4 Latin America

3.7.1.4.1 Presence of Lithium reserves

3.7.1.5 Middle East & Africa

3.7.1.5.1 Increasing demand for premium electric vehicles

3.7.2 Industry pitfalls & challenges

3.7.2.1 Higher vehicle costs

3.7.2.2 Lower vehicle driving range, higher charging time along with limited charging infrastructure

3.8 Innovation and sustainability

3.8.1 Zinc-air batteries

3.8.2 Solid state batteries

3.9 Industry best practices & key buying criteria

3.9.1 Need Recognition

3.9.2 Information Search

3.9.3 Evaluation of Alternatives

3.9.4 Purchase Decision

3.9.5 Post-Purchase Behavior

3.10 Key insights on technology trends

3.11 Growth potential analysis, 2018

3.12 Porter’s analysis

3.13 Competitive landscape, 2018

3.13.1 Top player analysis, 2018

3.13.2 Key stakeholders

3.13.3 Strategy dashboard

3.14 PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/battery-electric-vehicles-bev-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Lead8 Design for Newly Unveiled ‘11 SKIES’ in Hong Kong

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Hong Kong’s $20 Billion Mixed-use Destination at SKYCITY

 

HONG KONG SAR – Media OutReach – 25 November 2020 – Lead8, the international award-winning design firm, is excited to announce the firm’s appointment as Lead Consultant on ’11 SKIES’ has been extended to include Interior Design alongside its Masterplanning and Architecture scope.

11 SKIES, the brand new HK$20 billion mixed-use destination at SKYCITY, will be Hong Kong’s largest hub for Retail, Dining and Entertainment (RDE), and the first such development to combine wealth management and wellness services. The latest designs and name were unveiled this week by New World Development.

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“Lead8’s multi-disciplinary undertaking as Masterplanners, Architects and Interior Designers on 11 SKIES has been an incredible achievement. This is a ground-breaking development which continues to attract international interest. It is a testament to the commitment, creativity and expertise of our team that we have been entrusted to design and deliver the city’s most comprehensive and enhanced RDE destination to date,” said Claude Touikan, Co Founder & Executive Director at Lead8.  

Operated by K11, 11 SKIES is a brand new landmark in Hong Kong for locals and tourists covering a gross floor area of 3.8 million sqft. The destination will feature 2.66 million sqft dedicated to dining and retail outlets and 570,000 sqft for experiential entertainment facilities. There will be over 800 shops including more than 120 dining concepts together with entertainment never seen before in the region, all under one roof.

Notably, the destination has attracted the first launch in Greater China for famous entertainment brand KidZania. Further unique and imaginative entertainment facilities will also be on offer including SkyTrack, the world’s largest indoor and outdoor karting track, a flying theatre, digital media performances and immersive educational experiences. Once complete, 11 SKIES will be the largest indoor entertainment centre in Hong Kong.

As part of the mixed-use development, 11 SKIES also integrates three grade A office towers covering 570,000 sqft which will be operated under K11 ATELIER. They will feature anchor tenancies from five large-scale international institutions in financial services, insurance and health management. As the first to combine wealth management and wellness services within an RDE destination, 11 SKIES aims to provide unique connectivity and redefine the traveller and consumer experience.

Strategically located next to the Hong Kong International Airport, the Hong Kong Zhuhai-Macao Bridge, and the future Tuen Mun-Chek Lap Kok Link, 11 SKIES will benefit from the high volume of passengers travelling through Hong Kong International Airport, and a further 72 million people residing in the GBA. The destination will become a centerpiece within the GBA’s ‘one-hour living circle’ and a gateway to the rest of the world.

Opening in phases from 2022 to 2025, 11 SKIES is set to deliver a first-of-its-kind ecosystem offering brand new experiences for retail, entertainment, dining, wellness and business in Hong Kong and the Greater Bay region. 


Project Details

  • Location: Hong Kong
  • Developer: New World Development Company Limited
  • Size: 3.8 million sqft
  • Masterplan: Lead8
  • Architecture: Lead8
  • Interior Design: Lead8


Image Gallery
All images ©Lead8 Hong Kong Limited

About Lead8

Lead8 is an international design studio with award-winning expertise in architecture, interior design, masterplanning, branding and graphic design. With a team of over 250, the firm works on projects in more than 40 cities around the world from studios in Hong Kong, Singapore, Kuala Lumpur and London. Since its inception, Lead8 has partnered with some of the world’s leading property developers, owners and operators with a portfolio which includes 11 SKIES at Hong Kong International Airport, MixC Shenzhen Bay, One Bangkok and the Shangri-La Mixed-use Development in Fuzhou. 

www.lead8.com

About 11 SKIES

11 SKIES will be Hong Kong’s largest hub for Retail, Dining and Entertainment (RDE), and the first to combine wealth management and wellness services in one complete ecosystem for people in Hong Kong, the Greater Bay Area and the rest of the world. The destination is owned and developed by New World Development Company Limited and operated by K11 Group.


www.11-skies.com

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Senoko Energy Rewards Customers With Delights To Illuminate Holiday Season

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Senoko Energy introduces thoughtfully curated offers & special giveaways to reward customers and brighten up the festive season

 

SINGAPORE  – Media OutReach – 25 November 2020 – Reimagine the holiday celebrations with Senoko Energy, as the authorised electricity retailer kicks off its year-end “Ho-Ho-Home with Senoko” campaign with a series of thoughtfully curated offers and festive giveaways, alongside a cheery Christmas video. While holiday celebrations will certainly look a little different this year with social distancing measures and travel restrictions in place, Senoko Energy seeks to share rewards that will help invigorate celebrations while sparking ways Singaporeans can relish the festivities even as they stay home this season.

 

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Senoko Energy has released a 3-minute video starring home-grown vocal group MICappella, which seeks to put a spotlight on the many different ways to celebrate the season at home. With the use of imagination and selected rewards from Senoko Energy, the band spends Christmas at home in a uniquely local way with their families, creating endearing memories.

 

As part of the campaign, Senoko Energy is running a social media contest that encourages the public to submit tips on how they plan to reimagine their festive celebrations in the comfort of home. The contest will span over 2 weeks and the 10 most creative entries will stand to win a $50 GrabFood voucher.

 

Heather Ang, Head of Marketing at Senoko Energy said: “With travel restrictions still widely in place, we hope to help keep festivities merry with our rewards, even as our customers celebrate Christmas at home”.

 

“November 2020 also marks the second anniversary of our launch in Singapore’s Open Electricity Market, and we want to take this opportunity to thank our loyal customers for their support with compelling rewards and benefits.” She added.

 

Smart Rewards

To help bring the Christmas cheer to homes through its loyalty programme, Smart Rewards, Senoko Energy has partnered with home & lifestyle brands to offer three festive giveaways:

 

  • 1 lucky customer will stand to win a Thermomix® TM6 and a unique opportunity to enjoy a “Cook & Bond” private cooking session for the whole family (worth over $2,500).
  • 20 customers will also win a specially curated DIY winter-themed terrarium.
  • 800 customers will get to redeem a $10 GrabFood e-voucher

 

Existing customers can participate in these festive lucky draws by submitting their interest within their Senoko Energy online account or via the mobile app.

 

Other highlights within the Smart Rewards programme include discounts from merchant partners such as Fassler Gourmet, RedMart, Lazada, Sonos, BooksActually, etch&bolts, CatchPlay, The Art of Sake, and more, to help kick-start the gift-giving.

 

Heather Ang

Head of Marketing

[email protected]

Nicole Ye

Digital Marketing Manager

[email protected]

About Senoko Energy Pte Ltd

Senoko Energy Pte Ltd provides energy for life to generations of Singaporeans, delivering safe, innovative, and efficient energy supply to customers since 1977. Integral to Singapore’s development, it is a pioneer in power generation and energy solutions, serving Singapore’s energy needs with proven reliable performance.

 

As one of the largest power generation companies by installed capacity in Singapore, Senoko Energy has a licensed capacity of 2,807 megawatts (MW), providing about one-fifth of the nation’s electricity needs. The company launched its retail brand in 2018, offering retail products and services for Singapore households and small and medium enterprises (SMEs) in the Open Electricity Market.

 

Visit www.senokoenergy.com for more information.

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Communications Association of Hong Kong Supports The New Initiatives on Telecommunications Industry in The Chief Executive’s 2020 Policy Address

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New initiatives will be beneficial to the long-term development of innovation and technology and the implementation of the Smart City blueprint

 

HONG KONG SAR – Media OutReach – 25 November 2020 – Communications Association of Hong Kong (CAHK) has expressed positive support to the Chief Executive’s 2020 Policy Address, in particular its new initiatives on Network Development and Wider Application of 5G as highlighted under the “New Impetus to the Economy”.

 

We welcome the Hong Kong SAR (HKSAR) Government’s plan to release more 5G spectrum (currently at 3.5GHz, 4.9GHz, and 3.3GHz ranges) in different frequency bands in 2021 to meet the needs of various 5G applications in terms of speed, capacity and coverage, as cited in the Policy Address. Making available more spectrum to all mobile operators in Hong Kong is fundamental to meeting the ever-increasing demand for mobile data services.

 

In addition, the new initiatives will address the restriction zone issue in the Tai Po area, which is caused by the interference between 5G and the satellite earth station in the 3.5GHz band.  When the telemetry, tracking and control stations of the two satellite operators are relocated from Tai Po to Chung Hom Kok Teleport in four years’ time, the overall 5G coverage in Tai Po will be improved when mobile network operators could deploy the 5G frequency bands in a more holistic and efficient manner. 

 

On the promotion of 5G application, we note from the Policy Address that the HKSAR Government is determined to improve the deployment of 5G technology and application with the extension of the subsidy scheme application period under the Anti-epidemic Fund for six months until May 2021.  Furthermore, the HKSAR Government has also worked with a number of public organisations to encourage the deployment of 5G technology in various sectors to facilitate the early adoption of 5G technology and application in government departments and public organisations. 

 

All these encouraging initiatives are welcomed by us and the industry. These initiatives will also promote the long-term development of innovation and technology and facilitate the implementation of the HKSAR Government’s Smart City blueprint.

About Communications Association of Hong Kong

CAHK is a non-profit making organisation incorporated in Hong Kong on 27 May 1983 following the announcement of deregulation of local communication products and services. It is the association for Hong Kong’s communications industries, with responsibilities across broadcasting, wireline and wireless communications, and other sectors in information communications technology.

For more information, please visit:  www.cahk.hk

This press release is distributed by Communications Association of Hong Kong.

 

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