News in Numbers

In its latest sustainability report, GKN said it reduced direct CO₂ emissions by 10.5% in 2023. Energy savings contributed the majority of on-site emissions reductions.

Gotion is to build a US$1.3bn battery plant in Morocco. The North African country is positioning itself to become a key supplier of batteries.

GlobalData forecast for US Light Vehicle sales for 2024.

US tariffs on Chinese-made EVs are set to surge from around 25% to 100%. Similarly, import taxes on lithium-ion EV batteries will rise from 7.5% to 25%.

The UK new car market marked its 22nd consecutive month of growth as registrations rose 1.7% in May. Fleets and businesses continued to fuel market growth.