The battery electric vehicles market is expected to account for 15% of global light vehicle production by 2024. This would increase from 12% in 2023 and 10% in 2022, according to projections by S&P Global Mobility. Overall, the electric vehicle market is steadily growing, experiencing a significant increase
Global automotive production grew at a year-on-year rate of 9.3% in 2023, to 88 million 619,000 vehicles. This reflects a return to pre-pandemic 2019 production levels, but is still 5% below 2017 peak levels. Overall, global automotive production was subject to fluctuations due to factors such as market
Auto imports to Germany totaled $78.053 billion in 2023, with the United States and Czech Republic as its top sources. Those purchases registered a 13.9% growth over 2022, according to data from Germany’s Federal Statistical Office. Germany is home to some of the world’s renowned automakers, including Volkswagen,
Airbnb‘s competitors are varied for this online platform that allows people to rent out their properties or rooms on a short-term basis to interested guests. Airbnb competes to attract and retain guests on its platform, as guests have a variety of options to search and book accommodations and
3M Company, also known as Minnesota Mining and Manufacturing Company, increased its sales in Mexico in 2022 and 2023 at double-digit rates. In 2023, its sales in Mexico grew 12 percent, which included a 10 percent increase in organic sales. To remember: 3M is a diversified technology company
The beverage industry is increasingly highlighting the problem of global water scarcity as a major ingredient. In addition, water is vital for the production of the agricultural ingredients that many companies in the beverage industry rely on in their manufacturing processes. It is also critical to the prosperity