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THINK Restarts Production of EVs in Finland

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THINK, the Scandinavian electric vehicle (EV) maker, has re-started production of the THINK City—one of the first urban EVs—at a new facility with manufacturing partner Valmet Automotive in Uusikaupunki, Finland. The THINK City in production at Valmet. Click to enlarge.

Finland 186
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China’s battery supply chain tops BNEF ranking for third consecutive time; Canada close 2nd, US drops to 3rd

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Published at the BNEF Summit Bali , the ranking sees Canada rise to the second spot this year, which reflects its large raw material resources and mining activity, as well as its good positioning in environmental, social and governance factors (ESG) and infrastructure, innovation, and industry.

Supplies 195
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Johnson Matthey to exit battery materials business; increased commoditization, lower returns

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Johnson Matthey (JM) has been working to commercialize its eLNO range of high-nickel cathode materials ( earlier post ), principally for the automotive industry. A second eLNO plant is also planned in Finland. JM’s Board has therefore decided to pursue the sale of all or parts of this business with the ultimate intention of exiting.

Batteries 334
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FREYR Battery and Nidec complete formation of joint venture

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The formation of this joint venture catalyzes a firm sales contract under which FREYR will supply Nidec with 38 GWh of next-generation, clean battery cells from 2025 - 2030. FREYR first announced a broad partnership with Nidec in August 2022. Earlier post.).

Batteries 150
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Electric Vehicle Initiative Launched at Clean Energy Ministerial in Washington DC

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At the Clean Energy Ministerial in Washington, DC, 19-20 July, ministers reaffirmed their commitment to previously-announced targets for the deployment of electric vehicles, which the International Energy Agency (IEA) estimates will create global market momentum leading to at least 20 million electric vehicles on the road worldwide by 2020.

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OMV says it will stop oil and gas production by 2050 in transformation to net-zero

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Portfolio upgrades, enhancing efficiency, increasing renewable energy purchases, reducing throughput and sales of fossil refinery products, and increasing the share of recycled and sustainable feedstocks will be the key levers in achieving these targets. Chemicals & Materials.

Oil 465
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COP26 declaration on accelerating the transition to 100% zero emission cars and vans

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Signatories by category: Governments: Austria; Azerbaijan; Cambodia; Canada; Cape Verde; Chile; Croatia; Cyprus; Denmark; El Salvador; Finland; Iceland; Ireland; Israel; Lithuania; Luxembourg; Netherlands; New Zealand; Norway; Poland; Slovenia; Sweden; United Kingdom. The declaration is not legally binding and is focused on a global level.