World-Premiere: The All-New Volvo XC90

GOTHENBURG, Sweden, Aug. 27, 2014 /PRNewswire/ — Months of speculation ended today after Volvo Cars unveiled its all-new Volvo XC90, delivering on its promise to introduce a visually striking, premium quality seven seat SUV with world leading safety features, new powertrain technologies, an unrivalled combination of power and fuel efficiency and a superlative interior finish.

The all-new XC90 on display at the world premiere launch event Artipelag in Stockholm, August 26-29.

The all-new XC90 on display at the world premiere launch event Artipelag in Stockholm, August 26-29.

To view the Multimedia News Release, please click:
http://www.multivu.com/players/English/7276259-volvo-XC90-world-premiere/

Three years in the making and part of a USD 11bn investment programme, the new XC90 marks the beginning of a new chapter in Volvo history, capturing its future design direction, incorporating its own range of new technologies and utilising its new Scalable Product Architecture (SPA) technology.

“This is one of the most important days in our history. We are not just launching a car but re-launching our brand. This day marks a new era for our company. The XC90 paves the way for a portfolio of exciting new cars to come in the following years,” said Håkan Samuelsson, President and CEO of Volvo Car Group.

The limited First Edition of XC90 includes 1,927 individually numbered cars that celebrate the year Volvo was founded and, for the first time in history, they will only be available for sale via digital commerce at http://www.volvocars.com from September 3rd at 16.00 CET.

“Those who want to be among the first ones to own the best SUV in the world have to act fast. The huge interest in the all-new XC90 indicates that the First Edition will sell out quickly,” said Alain Visser, Senior Vice President, Marketing, Sales and Customer Service of Volvo Car Group.

Fully equipped  

The First Edition cars, which have uniquely numbered tread plates and a distinctive badge on the tailgate, are powered by a high-performance petrol or diesel engine from Volvo Cars’ new four-cylinder Drive-E powertrain family. The supercharged and turbocharged T6 has an output of 320 hp and a maximum torque of 400 Nm, while the D5 twin turbo diesel engine has 225 hp and 470 Nm. The engines are teamed with a smooth 8-speed automatic transmission.

The Onyx Black exterior and 8-spoke, 21-inch Inscription wheels are combined with an interior featuring nappa leather seats in Amber, a Charcoal leather dashboard and Linear Walnut inlays.

Volvo’s new face 

The new XC90 will be the first of its cars to carry the company’s new more prominent iron mark, which has the iconic arrow elegantly aligned with the diagonal slash across the grille.  Together with the T-shaped “Thor’s Hammer” DRL lights, the iron mark introduces an entirely new, distinctive and confident face for Volvo’s forthcoming generation of cars.

The XC90’s larger bonnet with its new topography, the beltline and the sharpened shoulders connecting with the tattoo-like, new rear lights are other important design signatures that will be mirrored across the range.

“The overall impression, both exterior and interior, has a strong connection to the key elements of the Swedish lifestyle: the generous space, the celebration of light and the focus on wellbeing,” said Thomas Ingenlath, Senior Vice President Design of Volvo Car Group.

Note to Editors:

A picture/s accompanying this release is available through the PA Photowire. It can be downloaded from http://www.pa-mediapoint.press.net or viewed at http://www.mediapoint.press.net or http://www.prnewswire.co.uk.

Contact:

Stefan Elfstrom
Media Relations Manager
Corporate Communications
Volvo Car Corporation
Dept. 50250/PVH50
Goteborg
Sweden
Telephone +46-31-3251878

(Logo: http://photos.prnewswire.com/prnh/20140522/683630)
(Photo: http://photos.prnewswire.com/prnh/20140826/702681)

Video: 
http://www.multivu.com/players/English/7276259-volvo-XC90-world-premiere/

Photo – http://photos.prnasia.com/prnh/20140827/8521404809

India to pilot Deutsche Post DHL’s e-commerce solutions for Asia Pacific

Investment in infrastructure and new delivery options to lay foundation for global e-commerce leadership in fastest-growing logistics sector

SINGAPORE and MUMBAI, Aug. 26, 2014 /PRNewswire/ Deutsche Post DHL, the world’s leading mail and logistics group, has chosen India to pilot the development of its e-commerce business model for Asia-Pacific. Through its subsidiary Blue Dart Express, already a national leader in door-to-door delivery, DPDHL ‘s business unit DHL eCommerce  is investing in infrastructure and the development of fulfillment centers, multiple delivery and payment options as part of its aim to become the preferred global provider of e-commerce related services including e-fulfillment and e-facilitation.

Frank Appel, CEO, DPDHL, said:  “Globally, e-retail is rapidly evolving. Over the next five years, the global e-commerce sector is expected to grow by more than 10 per cent per annum with Asia Pacific leading the way. This region is expected to soon surpass North America and Europe as the biggest online market in the world. As the leading logistics company with an unsurpassed global footprint, there’s a huge opportunity for us to become the world’s leading provider of e-commerce logistics and we have a ready solutions infrastructure in India to pilot our solutions.”

Blue Dart Express is well positioned to pilot e-commerce in India and models for Asia Pacific.  The leader in door-to-door delivery solutions and South Asia’s premier express air and integrated transportation and distribution company, Blue Dart services over 34,154 locations in India.

Investing in infrastructure and new delivery options

By 2025, e-commerce share of overall trade volume of emerging markets will be up to 30 percent (40 percent in developed countries), according DPDHL’s report ‘Global E-Tailing 2025′[1].

Malcolm Monteiro, CEO, DHL eCommerce Asia Pacific said: “With 250 million Internet users, Indian e-commerce remains underdeveloped, with online shopping valued at EUR 2.3 billion in 2013. This is expected to grow to EUR 4.1 billion by 2018, a CAGR of 12.3 per cent in 5 years[2].  All countries across Asia are in different evolutionary stages when it comes to e-commerce. We need to adapt our service portfolio within the region accordingly.” 

In India, DHL eCommerce, working closely through Blue Dart will invest in developing multiple delivery options and cash on delivery capabilities. These two key needs were identified by India’s top online shoppers – male, high-income, young urbanites – as part of a 20-country consumer survey on international distance selling ‘Shop the World’, carried out by DHL eCommerce to provide a deeper understanding of the home shoppers’ journey.

Anil Khanna, Managing Director of Blue Dart Express Ltd, said: “Blue Dart’s unrivaled domestic delivery system and network capabilities in India provide the perfect base for piloting the development of region wide e-commerce solutions. We are working closely with leading brands, market place sellers and retailers to help them establish a sustainable e-commerce footprint. That’s why we are investing in the right infrastructure – including IT – to build the right model for consumers and sellers.”

Tapping India’s eCommerce potential with India-specific insights

According to ‘Shop the World’, online purchases in India are limited largely to consumer electronics, fashion and media products with shopping by smart phone the norm. Indians’ main reasons for online shopping are overcoming geographical restrictions on choice and unlimited shopping hours — although the biggest negative was unknown quality of online products. E-shoppers in India revealed delivery expectations that were higher than the global average. Despite the country’s size, Indian shoppers expect delivery within 5 days (global average 6.5 days), parcel tracking options and free delivery. The average rate of return of goods also scored higher than the global average at 29.5 per cent with poor quality or defects the number one reason for returns.

The survey also identified growth opportunities in the development of online payment systems — cash on delivery or cards being India’s top payment choice — and in international sales. The majority of Indian e-commerce is domestic with only a third of consumers having ordered overseas. This is set to grow with more than half planning to place an international online order with US being the number one target market.

[1]DPDHL, Z_punkt and See More, Global E-Tailing 2025 Study 2014 http://www.dpdhl.com/content/dam/global-etailing-2025_en.html

[2]DHL,Shop The World Study 2014 http://www.dhl.com/en/campaigns/globalmail/shop_the_world.html?WT.mc_id=SHOPTHEWORLD_GO_EN_OFFLINE_002   ((Source: The World Bank 2012 &Euromonitor International)

– End –

DHL – The logistics company for the world

DHL is the global market leader in the logistics and CEP industry and “The logistics company for the world”. DHL commits its expertise in international express, national and international parcel delivery, air and ocean freight, road and rail transportation as well as contract and e-commerce related solutions along the entire supply chain. A global network composed of more than 220 countries and territories and around 315,000 employees worldwide offers customers superior service quality and local knowledge to satisfy their supply chain requirements. DHL accepts its social responsibility by supporting environmental protection, disaster management and education.

DHL is part of Deutsche Post DHL. The Group generated revenues of more than 55 billion euros in 2013.

Blue Dart Express Ltd.

Blue Dart Express Ltd., South Asia’s premier express air and integrated transportation & distribution company, offers secure and reliable delivery of consignments to over 34,236 locations in India. As part of the DP DHL Group (DHL Express, DHL Global Forwarding & DHL Supply Chain), Blue Dart accesses the largest and most comprehensive express and logistics network worldwide, covering over 220 countries and territories and offers an entire spectrum of distribution services including air express, freight forwarding, supply chain solutions and customs clearance.

The Blue Dart team drives market leadership through its motivated people force, dedicated air and ground capacity, cutting-edge technology, wide range of innovative, vertical specific products and value-added services to deliver unmatched standards of service quality to its customers. Blue Dart’s market leadership is further validated by numerous awards and recognitions from customers for exhibiting reliability, superior brand experience and sustainability. Some of these include Superbrand and ‘Reader’s Digest Most Trusted Brand Award’, one of ‘India’s Best Companies to Work For’ by The Great Place to Work® Institute five times in a row, ‘Outstanding Contribution to the Cause of Education’ – Global HR Excellence Awards 2011-2012, BSE Best CSR Practice Award and 22nd CFBP Jamnalal Bajaj Fair Business Practices Award – 2010 in the category of Service Enterprises (Medium) to name a few.

Blue Dart accepts its social responsibility by supporting climate protection (GoGreen), disaster management (GoHelp) and education (GoTeach).

Logo – http://photos.prnasia.com/prnh/20140825/8521404749logo

All-new XC90 will be the First Volvo Built on the Company’s new Scalable Product Architecture

GOTHENBURG, Sweden, Aug. 12, 2014 /PRNewswire/ — Volvo’s all-new XC90 — which will be launched in two weeks’ time in Stockholm — will be the first car in its range to be built on the Scalable Product Architecture (SPA) modular chassis technology developed in-house.

To view the Multimedia News Release, please click:
http://www.multivu.com/mnr/7276252-volvo-XC90-first-scalable-product-architecture 

XC90 Front view: Volvo XC90 Front view - Front view of the all-new XC90, including the distinctive new T-shaped running lights.

XC90 Front view: Volvo XC90 Front view – Front view of the all-new XC90, including the distinctive new T-shaped running lights.

(Photo: http://photos.prnewswire.com/prnh/20140812/700922)

SPA has been under in-house development at Volvo for the past four years and is the cornerstone of the company’s ongoing USD 11bn transformation plan. It will be introduced with the all-new XC90 and then rolled out across the product range in future.

The benefits of SPA are twofold.

First, the flexibility of SPA liberates Volvo’s engineers and designers, allowing them to devise and introduce a wide range of new and alluring design features at the same time as improving driveability, introducing world-first safety features, offering the latest connected car technologies and creating more interior space.

“SPA and the XC90 are firm evidence of our Volvo-by-Volvo strategy. The XC90’s outstanding combination of luxury, space, versatility, efficiency and safety will bring the SUV segment into a new dimension, just as the original XC90 did in 2002,” says Dr Peter Mertens, Senior Vice President, Research and Development of Volvo Car Group.

Secondly, SPA will change the way Volvo builds cars in future by allowing a wide range of cars, powertrains, electrical systems and technologies — all of differing complexity — to be fitted on the same architecture, generating significant economies of scale.

The new SPA chassis technology reduces weight and improves weight distribution, improving driving pleasure without compromising on ride comfort.

“SPA gives us a fresh technological start. Around 90 per cent of the components in the all-new XC90 and upcoming models are new and unique. We are raising the bar to the very top of the premium league when it comes to quality and technology level in every vital area,” says Dr Mertens.

With SPA, previous design limitations in areas such as wheelbase, overhang, vehicle height and the height of the front are removed.

“This has created greater freedom for us to design cars with a confident stance, dynamic proportions and a number of distinctive design signatures. Our three recent concept cars have demonstrated this capability. Even though the all-new XC90 is an entirely different type of car, you will recognise the connection instantly when it is revealed in two weeks,” says Thomas Ingenlath, Senior Vice President Design of Volvo Car Group.

The new face of Volvo: ‘Thor’s Hammer’ running lights 

Today, for the first time, Volvo is revealing images of the front end or ‘face’ of the new XC90 SUV, which is distinguished by its T-shaped running lights, christened ‘Thor’s Hammer’ by the design team after the shape of the hammer used by the famous Norse god of thunder Thor.

“Anyone who looks in their rear-view mirror is going to know immediately that there is a new XC90 behind them,” says Mr Ingenlath. “The XC90 is a car that has presence on the road.”

Note to Editors:

A picture accompanying this release is available through the PA Photowire. It can be downloaded from http://www.pa-mediapoint.press.net or viewed at http://www.mediapoint.press.net or http://www.prnewswire.co.uk.

Stefan Elfstrom
Media Relations Manager
Corporate Communications
Volvo Car Corporation
Dept. 50250/PVH50
Goteborg
Sweden
Telephone +46-31-3251878

Photo – http://photos.prnasia.com/prnh/20140812/8521404522

CEVA Holdings LLC Announces Results for the Second Quarter Ended 30 June 2014

HOOFDDORP, Netherlands, Aug. 11, 2014 /PRNewswire/ —  

  • New business wins increase 31% over prior year
  • Oceanfreight volumes up 7% over prior year, exceeding industry growth
  • Senior management team strengthened with industry hires
  • Adjusted EBITDA up 40% sequentially from Q1

CEVA Holdings LLC, one of the world’s leading non-asset based supply chain management companies, today reported results for the three months ended 30 June 2014.  

Key Financials ($ millions)

Quarter

Q2 2014

Q1 2014

% Change

Revenue

1,978

1,865

6%

Adjusted EBITDA[1]

60

43

40%

[1] Excludes the impact of specific items which are significant non-recurring items such as restructuring and certain legal expenses.

Xavier Urbain, CEO of CEVA, said, “Our performance improvement coupled with the strong increase in our new business pipeline points to the company being on the right track for growth. Since joining CEVA in January, I have focused on strengthening the executive management team, expanding our current talent base with additional industry experience to drive forward our strategy, building revenue and improving operational efficiency for the benefit of our customers. The numbers show we are gaining traction and are positioned well to make further progress in the future.

“I am especially pleased with the progress made in rebuilding the leadership team, particularly the new additions. They know the industry and our customers. This allowed them to hit the ground running and make immediate contributions. Volume trends as we exited the quarter were encouraging and I am looking for even more from the entire team in the near future.”

Revenue of $1,978 million declined 4.2% in the second quarter compared to $2,064 million for the same period a year earlier, driven by the prior year’s successful recapitalization, and termination of lower margin business.  Second quarter revenues were up 6.1% sequentially compared to the first quarter. Airfreight and Oceanfreight reported export volumes up both sequentially and year-on-year.  Oceanfreight volumes were up 7% from the prior year, evidencing the company’s early success in the 2014 tender season and well above industry growth. Airfreight volumes increased 1% from the prior year, strengthening as we exited the quarter, with three week rolling volumes up 4% in June.

For the second quarter, adjusted EBITDA of $60 million was 40% ahead of the previous quarter, and adjusted EBITDA as a percentage of revenue improved from 2.3% to 3.0%, reflecting continuing strength in Contract Logistics and the termination of lower margin business. EBITDA came in 25% lower than in the same period a year earlier as Freight Management revenues were impacted by lower rates in the market.  CEVA, however, was able to maintain net revenue margins versus the prior year.

The company’s new business wins were up 31% over the prior year, increasing to $763 million, compared to $582 million[2] for the same period in 2013. CEVA’s investment in its tender management, trade lane management and field sales force each contributed to the improved level of wins in the quarter. CEVA is accelerating plans to improve productivity and on a like-for-like basis, and expects more than 5% cost reductions in the second half of the year.

[2]

New business wins based on expected annualized revenue of new contracts

CEVA – Making business flow

CEVA Logistics, one of the world’s leading non-asset based supply-chain management companies, designs and implements industry leading solutions for large and medium-size national and multinational companies. Approximately 44,000 employees in more than 170 countries are dedicated to delivering effective and robust supply-chain solutions across a variety of sectors where CEVA applies its operational expertise to provide best-in-class services across its integrated network. For more information, please visit www.cevalogistics.com

SAFE HARBOR STATEMENT:

This news release may contain forward-looking statements. These statements include, but are not limited to, discussions regarding industry outlook, the Company’s expectations regarding the performance of its business, its liquidity and capital resources, its guidance for 2014 and beyond, and the other non-historical statements. These statements can be identified by the use of words such as “believes” “anticipates,” “expects,” “intends,” “plans,” “continues,” “estimates,” “predicts,” “projects,” “forecasts,” and similar expressions. All forward-looking statements are based on management’s current expectations and beliefs only as of the date of this press release and, in addition to the assumptions specifically mentioned in the above paragraphs, there are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements, including the effect of local and national economic, credit and capital market conditions, a downturn in the industries in which we operate (including the automotive industry and the airfreight business), risks associated with the Company’s global operations, fluctuations and increases in fuel prices, the Company’s substantial indebtedness, restrictions contained in its debt agreements and risks that it will be unable to compete effectively. Further information concerning the Company and its business, including factors that potentially could materially affect the Company’s financial results, is contained in the Company’s annual and quarterly reports, available on the Company’s website, which investors are strongly encouraged to review. Should one or more of these risks or uncertainties materialize or the consequences of such a development worsen, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected. CEVA disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.

Contact:

Mike Darcy
+31-622-482-604
mike.darcy@cevalogistics.com

Brand Differentiation to Revolutionise Global Luxury Car Market by 2020, Finds Frost & Sullivan

– As most next-generation innovations become standard, luxury OEMs focus on smart mobility technologies to set their products apart

LONDON, Aug. 6, 2014 /PRNewswire/ — Original equipment manufacturers (OEMs) in the increasingly competitive global luxury car market are exploring new means of differentiating and positioning their brand in a bid to gain an edge over the competition. Luxury automotive OEMs are also adapting to various emerging social as well as technology trends to keep pace with consumer demand. For instance, smaller, fuel-efficient luxury cars are gaining popularity since size is no longer the key definition of a luxury vehicle.

New analysis from Frost & Sullivan, Future of the Global Luxury Vehicle Market, finds that compact sedans, SUVs and crossovers will be the next big thing as the line between luxury and premium vehicles blurs. More mass market OEMs are launching luxury models while traditional luxury OEMs are stretching downward by offering models in smaller segments. Often these models are available at a lower price point. The need to reduce product development costs has also led to increased platform sharing between mass and luxury cars.

“OEMs have to strike a fine balance while differentiating between volume and luxury models,” says Frost & Sullivan Automotive and Transportation Research Analyst Shwetha Surender. “While brand perception, price and buyer’s experience remain important; cutting edge technology under the hood, improved connectivity inside the car, and bold aerodynamic design are factors that give a luxury car something extra that elevates and sets it apart from the crowd.”

One differentiation strategy is to offer value-added features such as 3-D video display graphics and collision-avoidance systems as standard fitment in luxury models. Connectivity and autonomous driving too are evolving into key parameters by which a brand will be judged in the future.

“Entry level luxury cars that offer unparalleled smart mobility technologies and connected services will make inroads into the global market, especially since Gen X and Y are expected to account for a majority of the luxury sales over the next few years,” notes Surender. “Luxury makers like Daimler and BMW are introducing the CLA sedan and 3 series models at around $30,000 in anticipation of this trend.”

Further, luxury OEMs are investing in data mining and analytics to enable a seamless transition from online to offline tools and deliver a unique digital brand experience for customers in the luxury vehicle domain.

If you are interested in more information on this study, please send an e-mail to Julian Borchert, Corporate Communications, at julian.borchert@frost.com.

Future of the Global Luxury Vehicle Market is part of the Automotive & Transportation (http://www.automotive.frost.com) Growth Partnership Service program. The study introduces market segments that have developed to meet changing customer needs and analyses branding and new market channel strategies adopted by luxury OEMs. It discusses automotive Mega Trends and their impact on the market while highlighting key technology trends and important launches expected. Other Frost & Sullivan studies available under this subscription include: Key Focus Areas for Driveline Systems in Europe and North America, North American Advanced Features Market and Optional/Standard Strategy of OEMs, In-vehicle Advertising in the North American Automotive Infotainment Market, and Potential of the Luxury Vehicle Market in India. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

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Frost & Sullivan: Demand for Advanced Products Steers Road-marking and Traffic Paints and Coatings Market

– Vertical market integration will help road contractors and applicators gain better control over cost and quality

LONDON, Aug. 4, 2014 /PRNewswire/ — The road-marking and traffic paints and coatings market in Europe and North America is primarily driven by the need for safer roads. Infrastructure spending, new road construction and maintenance activities significantly contribute to the demand for marking materials. As uptake surges, demand will grow for intelligent road-marking systems that communicate temperature, humidity and road conditions to a vehicle’s sensor systems.

New analysis from Frost & Sullivan, Strategic Analysis of Road-marking and Traffic Paints and Coatings Market in North America and Europe, finds that the market earned revenues of $2.23 billion in 2013 and estimates this to reach $2.62 billion in 2020. European countries will increasingly adopt performance-based markings, whereas water-borne solutions will find takers in North America.

“Governments in both Europe and North America have rolled out initiatives to improve road infrastructure, boosting sale volumes as well as encouraging the development of durable, high-performance products with enhanced visibility and skid resistance,” said Frost & Sullivan Chemicals, Materials and Food Research Analyst Soundarya Shankar. “Manufacturers are further making an effort to develop temperature sensitive paints that glow under specified conditions to warn drivers; for instance, when conditions are slippery due to ice formation.”

These advanced solutions are likely to take a few years to gain traction, as several conservative road contractors prefer basic, low-cost products. Others demand high-performance solutions at competitive prices, shrinking coating manufacturer margins. The large number of market participants offering similar products has commoditised road-marking products and added to price pressures.

Moreover, continued economic strain in North America and Europe will affect construction and infrastructure spending to an extent. Focus on expanding railway infrastructure is also posing a threat to road construction and renovation, affecting the road-markings market.

“In this competitive market, enabling vertical market integration by launching manufacturing units for road marking and traffic paints will allow road contractors and applicators to acquire better control over cost and quality of products,” concluded Shankar. “This is a visible trend in the European market and the one that is rapidly gaining momentum in North America.”

If you are interested in more information on this study, please send an e-mail to Julia Nikishkina, Corporate Communications, at julia.nikishkina@frost.com.

Strategic Analysis of Road-marking and Traffic Paints and Coatings Market in North America and Europe is part of the Chemicals & Materials (http://www.chemicals.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: Global Powder Coatings Market, Global Industrial Greases Market and Opportunities for Bio-based Materials, and Electric Vehicles Lithium-ion Batteries Chemicals and Materials Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.