The report covers the present scenario and the growth prospects of the Li-ion battery market for AEVs in Europe for the period 2015-2019.
Technavio's report, Li-ion Battery Market for AEVs in Europe 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts.
Both companies will participate in the Progressive Autmotive X Prize competition with BMS facilitating the transition of AEVs from concept cars to the showroom floor.
BMS will support both traditional and non-traditional OEMs, like Velozzi, with high-performance materials including plastics, polyurethanes, carbon nanotubes, coatings, adhesives and sealants to manufacture low-weight, high-efficiency AEVs. Velozzi is designing multiple lightweight, plug-in, multi-fuel hybrid electric vehicles that will capitalize on materials and application technologies from BMS.
We will build renewable power where it makes sense and will always remain resolute in protecting the environment and the interests of our host communities," said Erramon Aboitiz, chief executive officer of both AEV and AboitizPower.
Moving forward, AEV sees more growth opportunities from infrastructure investments, which the conglomerate is grooming to be the fifth leg of its business.