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Rock Tech Lithium intends to build Europe’s first lithium converter—a production plant for battery-grade lithium hydroxide—in Guben, Brandenburg, Germany. The company intends to locate all production steps of lithium refining in one overall plant at the Guben site. The converter is scheduled to start operations in 2024.
Solid-state batteries can also reduce the time for EV recharge to a level similar to the time it takes to refuel an ICE car, the company said. From recovery to reuse, the entire recycling process will help build up a sustainable circular economy for the local battery industry.
Daimler plans a fundamental change in its structure, splitting into two independent pure-play companies: Mercedes-Benz Cars & Vans, and Daimler Truck, which will be a spin-off the current Truck and Bus business. It represents the start of a profound reshaping of the company. This is a historic moment for Daimler.
Direct lithium extraction (DLE) technology company Energy Exploration Technologies Inc. The company said that the funding makes it the highest-valued direct lithium extraction technology company on the market. EnergyX) has secured commitments of $20 million in financing. Source: EnergyX.
Our ambition is to build an advanced innovation center combined with a giga factory, meaning that we will produce fuel cells with a capacity of 1200 megawatts, or 1.2 We combine a best-in-class fuel cell solution with a long history of being a trusted engineering partner to leading companies in the global maritime industry.
Volvo Penta and TICO have completed the build of the first terminal tractor prototypes powered by Volvo Penta’s electric driveline. The Volvo Group recently announced its ambition to be a net-zero emissions company by 2050, at the latest. TICO will build a series of prototypes in close collaboration with Volvo Penta. Next steps.
Hyundai Motor Group (the Group) has started building an initial development model of a lunar exploration mobility rover in tandem with aerospace partners. Following discussions with the various stakeholders, the Group decided the direction for the initial lunar exploration mobility development model.
The investment will help boost production to meet the surging demand for advanced semiconductors, powering a new generation of innovative products from Intel and serving the needs of foundry customers as part of the company’s IDM 2.0 A rendering shows early plans for two new leading-edge Intel processor factories in Licking County, Ohio.
Vaekstfonden, the Danish Growth Fund, and the German engine manufacturer DEUTZ AG, are investing €15 million in methanol fuel cell company Blue World Technologies. The aim is to bring the company’s green fuel cell products and solutions to the global market. million in the company. —Dr Frank Hiller, CEO of DEUTZ AG.
Raven SR , a renewable fuels company, and Hyzon Motors Inc., a global supplier of hydrogen fuel cell-powered commercial vehicles, announced a joint venture to build up to 100 hydrogen hubs across the United States and globally. As a non-combustion process, there is no ash, no slag, build up, or hotspots in the equipment.
CARIAD, the Volkswagen Group’s software company, has selected BlackBerry QNX technology as one component of its software platform VW.OS. Announced as part of Volkswagen Group’s NEW AUTO strategy, CARIAD is developing a unified software platform that consists of VW.OS, the Volkswagen Cloud VW.AC
The system is expected to be used in a variety of situations, such as urban-area office buildings, municipalities, and disaster areas, among others. The ISOP system can be made larger or smaller, and even movable vehicle-mounted models are being developed.
Iberdrola Australia and Australia-based hydrogen developer ABEL Energy will build a green hydrogen and green methanol production plant at Bell Bay in northern Tasmania (Australia). To this end, the company has a project portfolio of 2,400 MW in different regions, mainly in Spain, the United States and Australia.
We see a strong interest from owners of ferries, offshore supply ships, fishing vessels, and from energy-producing companies. However, the project has already established Letters of Intent (LOI) with several heavyweight industrial partners. In total, they require an amount of energy surpassing what we can achieve in this project.
Together with eight project partners, it is now seeking public funding to build one of the world’s first hydrogen-powered high-speed vessels. The company is currently working to establish hydrogen filling stations for trucks, buses and other heavy-duty transport all across Norway. Everfuel will seek to develop this filling station.
In addition to strong consumer interest in the SOLO EV, the company has seen growing interest in commercial fleet and utility applications. ElectraMeccanica also expects this new facility to generate second-order effects that will positively impact the local and state economies.
Tesla is planning to build a new UFO-inspired Supercharger in the heart of Alien country — Roswell, New Mexico. As Tesla is planning to build a Supercharger in the area, it is using the same sort of inspiration for the location, which will feature just eight charging stalls located under a CyberCanopy.
Deepsea mining company TMC The Metals Company ( earlier post ) announced a strategic partnership with Low Carbon Royalties Inc. This transaction also offers TMC shareholders exposure to a royalty company that I am confident under Brian’s leadership will become a market leader.
Toyota Motor will join seven other leading Japanese companies—Sony Group, NEC, Toyota supplier Denso, NTT, chipmaker Kioxia Holdings, SoftBank and Mitsubishi UFJ Financial Grou—in working with the Japanese government in a new next-generation semiconductor venture named Rapidus. The companies are investing a combined ¥7.3
ABIC), a special purpose acquisition company (SPAC), have entered into a definitive business combination agreement under which ABIC will combine with LiveWire, Harley-Davidson’s electric motorcycle division ( earlier post ), to create a new publicly traded company. Harley-Davidson and AEA-Bridges Impact Corp. billion at closing.
Ford has produced its 150,000 th Mustang Mach-E electric vehicle since starting production nearly two years ago, a significant milestone as the company scales EV production to a rate of 600,000 annually by late 2023 and more than 2 million annually by 2026.
Ford Motor Company, LG Energy Solution and Koç Holding signed a non-binding memorandum of understanding (MoU) to form a new joint venture subject to final agreement by all the parties to create one of Europe’s largest commercial electric vehicle battery cell facilities near Ankara, Turkey. Earlier post.)
Stellantis will work with Archer to stand up Archer’s recently announced manufacturing facility in Covington, Georgia at which the companies plan to begin manufacturing the Midnight aircraft in 2024.
In addition, the company completed the first close of its Series F raise for a combined US$25 million. It also included new grant funding from the Government of British Columbia, which builds upon the Canadian government’s ongoing support through the Strategic Innovation Fund (SIF).
The initiative marks the largest single investment yet for a stand-alone battery manufacturing facility in North America; it is also more than four times the amount the company initially announced last year (KRW 1.7 billion) in building cylindrical battery manufacturing facility with a capacity of 27GWh, and KRW 3 trillion (US$2.3
Cepsa—the Spain-based multinational oil and gas company—will invest more than €3 billion to establish the Andalusian Green Hydrogen Valley, creating the largest green hydrogen hub in Europe in southern Spain. The company will build two plants with a total capacity of 2 GW to produce green hydrogen.
With the SOEC technology and decades of experience as a world-leading technology provider within ammonia, methanol, gasoline, jet-fuel, diesel, and hydrogen, Topsoe is one of the few companies that can deliver insights and technology along the entire value chain for next-generation fuels and chemicals.
The two companies aim to work together to provide a convenient customer journey through digital integration of the bp pulse and APCOA Connect app in the UK and APCOA Flow app in Europe.
Early last year, the company took over the entire building on the campus located at Southwest 14 th Street and Taft Avenue, expanding its square footage from 45,000 to 124,000. Now the company is adding another 107,000 square feet in an adjacent building, for a total of 231,000 square feet of space for its operations.
Tesla critics would typically paint the company’s electric vehicles as reliability nightmares with subpar build quality and cheap materials. “While we were always impressed by the technology withinTesla’s range of exclusivelyelectrically powered cars, build quality seemed to be a little hit and miss, to say the least.
Norwegian state-owned energy company Equinor and Germany-based energy company RWE have agreed to work together to develop large-scale value chains for low carbon hydrogen. The cooperation has these main building blocks: Construction of new gas power plants (CCGTs), contributing to Germany’s phase-out roadmap for coal.
Volvo Cars formally inaugurated a new battery assembly line at its Belgian manufacturing plant in Ghent, where it will start building its first fully electric car, the XC40 Recharge P8, later this year. Volvo XC40 Recharge powertrain. The XC40 Recharge P8 is the first of a family of fully electric Volvos.
A coalition of major oil & gas, power, automotive, fuel cell, and hydrogen companies have developed and released the full new report, a “ Road Map to a US Hydrogen Economy. ” The report was developed with input from 19 companies and organizations: Air Liquide; American Honda Motor Co., billion MMBTU per year. Toyota; and Xcel Energy.
The company is building on its nearly century-long expertise of school bus manufacturing to expand its zero-emission transportation solutions to the commercial vehicle market. School bus manufacturer Blue Bird Corporation unveiled a Class 5-6 electric vehicle platform at the 2022 Advanced Clean Transportation (ACT) Expo.
The two companies share a common vision of automated driving and of safe automated driving systems. The platform is able to analyze real data from a fleet of test vehicles, create advanced testing scenarios, and build a simulation environment that makes it possible to assess and validate system behavior at hyper-scale. Picture: Five.
In parallel, the company is starting to contract preferred suppliers for the plants, potential customers for hydrogen and CO 2 , and companies that can provide waste of suitable quantity and quality. A final investment decision is to be made in 2024. The plant is expected to produce 54,000 tonnes of hydrogen per year.
ABB and Canada-based Hydrogen Optimized have signed an agreement to expand the companies’ existing strategic relationship. KEY), the parent company of HOI, as they seek to accelerate the fast-emerging green hydrogen production segment with unique large-scale architecture. This includes an investment by ABB into Key DH Technologies Inc.
Each company is positioned to build on their histories in agriculture as they step forward into new powertrain technologies. Cummins has recently announced its plan to leverage existing platforms and expertise in spark ignited technology to build hydrogen engines. Cummins M15H. Versatile 620 fitted with a Cummins X15 diesel.
Polestar, the Swedish electric performance car company, confirmed plans to put the Polestar electric roadster concept into production. Interested customers in all active Polestar markets are now able to reserve a build slot online. The production car is expected to launch in 2026 as the Polestar 6 electric performance roadster.
In the fourth quarter, the company produced more 439,000 vehicles and delivered more than 405,000 vehicles. On 25 December, Tesla tweeted that its 4680 cell team managed to build 868,000 k cells in that format over that prior 7 days—equal to 1,000+ cars. For the year, Model 3/Y deliveries accounted for 95% (1,247,146 units).
Lithium-ion batteries power the vast majority of todays EVs, but they dont contain the most efficient formulation, and there are many legitimate environmental concerns around extracting the raw materials needed to build them. That could allow Theion to develop much lighter battery cells without slashing driving range estimates.
The sports car manufacturer’s venture capital arm, Porsche Ventures, has held a stake of around 10% in the Croatian company since 2018. It invested in Greyp at the same time that it invested in its sister company, Rimac Automobili. Porsche is acquiring a majority stake in the e-bike manufacturer Greyp Bikes. Greyp e-SUV model.
Ford Motor Company is investing C$1.8 The investment allows Ford to repurpose and transform existing buildings into a state-of-the-art facility that leverages Ford of Canada’s skilled and experienced workforce. The current 487-acre Oakville site includes three body shops, one paint building, one assembly building.
billion to build. The company says that it will produce up to 500,000 Hyundai, Kia, and Genesis electric and. The largest economic development project in the history of Georgia is now open. Hyundai Motor Group Metaplant America is a battery and vehicle assembly factory that Hyundai Motor Group invested $12.6
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