Europeans Buying Electric Cars May Lift Weak Lithium Market


(Bloomberg) —

European consumers are getting hefty incentives to buy electric cars, mining projects are getting delayed and some auto plants are reopening. All of that will pull lithium out of the doldrums.

That’s the view of Albemarle Corp., the world’s largest producer of the battery metal.

Despite mining delays as well as restarts of some auto plants following coronavirus lockdowns, prices for the metal used in electric-vehicle batteries remain at multiyear lows. But the head of Albemarle’s lithium business says hefty incentives for consumers to buy EVs in Europe, as well as changes to encourage carmakers to build greener

Growth of Asia Pacific Automotive Camera Market Projected to Amplify During 2019-2025


The MarketWatch News Department was not involved in the creation of this content.

Aug 10, 2020 (Market Insight Reports) —
The growing awareness regarding the Advanced Driver-Assist System (ADAS) is propelling the Asia Pacific automotive camera market growth. These components are integrated into ADAS to provide emergency braking, forward collision warning, and lane departure assist. The increasing sales of luxury vehicles are aiding to the Asia Pacific automotive camera market development. Increasing advancements in camera-based driver assist systems are further supporting the industry expansion. Automotive manufacturers are integrating vision systems with the mid-sized passenger cars segment to differentiate their products

Geely Wants To Become China’s ‘First Global Auto Giant’


Geely has ambitions, Hyundai is getting more serious about EVs, Buick wants the Encore GX to perform, and a lawyer accused GM of McCarthyism. All that and more in The Morning Shift for August 10, 2020.

a car parked on the side of a road

© Photo: Getty Images (Getty Images)

Geely bought Volvo a decade ago in a time when that deal was seen as … sketchy at best, since Volvo wasn’t really on solid footing and Geely was an unknown. All Volvo has done since then is hit it out of the park, while Geely has been rising along with it. Geely is now sketching out

BWA, HMC & Others Report Quarterly Loss Amid Coronavirus Woes


A host of auto companies reported quarterly numbers in the past week. Companies including Honda Motors, Lear Corporation and BorgWarner incurred quarterly loss for their latest reporting cycle. The pandemic-induced lower demand and sales weighed on the companies’ quarterly performance. Nonetheless, most of the companies have still managed to report better-than-expected results.

Early last week, various automakers reported U.S. car sales for July. However, since major auto bigwigs have unveiled just the quarterly sales numbers, it’s difficult to get a clear picture of how the industry is recovering. Hyundai, Volvo and Mazda came out with higher year-over-year sales for July,