Researchers in US are developing new technology for fast-charging batteries. Read more: https://t.co/neAltKTMhq
Portuguese vehicle production grows 30.6% y/y in Q1
Portuguese vehicle production has seen strong growth during the first quarter of 2019. According to data published by the Portuguese Car Trade Association (Associação Comércio Automóvel de Portugal: ACAP), output increased by 30.6% year on year (y/y) during the first three months of the year to 94,471 units, with a gain of 37% y/y in March alone to 31,693 units. Supporting this growth has been passenger car production, which gained by 31.5% y/y in the quarter to 78,156 units, with a 39.5% y/y uplift in the most recent month to 25,885 units. In addition, light commercial vehicle (LCV) production has increased by 26.7% y/y in the quarter to 14,818 units, while in March this was an improvement of 28.7% y/y to 5,276 units. As for medium- and heavy commercial vehicles (MHCV), output in the quarter has increased by 21.1% y/y to 1,497 units, while in March this is up by 9.5% y/y to 532 units.
Significance: Although there may have been some benefit from the timing of Easter this year, data for the quarter show that this is a longer-term trend. Also, with a limited number of light vehicle producers in Portugal, it relatively easy to analyse where these improvements have stemmed from. IHS Markit expects that passenger car production will grow by a further 11.5% y/y to 246,300 units in 2019, before starting to slip back during 2020, while LCV production is forecast to expand by around 20% y/y to nearly 81,800 units, with a further more modest gain expected in 2020.
Read more articles like this one. Get a free trial to AutoIntelligence Daily
- Researchers in US developing new technology for fast charging batteries
- COVID-19 Pandemic Impact on Automotive Suppliers
- Coronavirus Impact on Global Auto Demand
- Automotive Rapid Response Report - 25 March 2020
- European automotive industry helps in COVID-19 response
- Italian industry head calls to delay full EU CO2 implementation
- COVID-19 pandemic: Motor Equipment Manufacturers Association in US seeks government aid
- Coronavirus Impact on European and North American Auto production
COVID-19 Pandemic Impact on Automotive Suppliers IHS Markit conducted a survey among executives at automotive suppl… https://t.co/Z56gFjgcs9
Stephanie Brinley discusses the North America light vehicle assembly numbers amid the COVID-19 pandemic. OEM plant… https://t.co/oKECPGrMIA