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Daimler Truck North America (DTNA) and Sysco Corporation (NYSE: SYY) a leading US foodservice distribution company, have signed a Letter of Intent (LOI) to deliver up to nearly 800 battery-electric Freightliner eCascadia Class 8 tractors by 2026.
sennder, Europe’s leading digital road freight forwarder and Cabot Corporation, a leading global specialty chemicals and performance materials company, transported one of Europe’s first zero-emission cross-border heavy duty loads. Cabot recently announced its ambition to achieve net-zero emissions globally by 2050.
Mercom Capital Group, a global clean energy research and communications firm, released its report on funding and mergers and acquisitions (M&A) activity in 2022 for the energy storage, smart grid, and energy efficiency sectors. Corporate funding for energy storage, smart grid, and energy efficiency companies. billion in 2021.
Hyundai Motor Company released images of its newly upgraded XCIENT Fuel Cell, the world’s first mass-produced, heavy-duty truck powered by hydrogen. With the launch of the enhanced model, Hyundai plans to accelerate the global roll-out of its heavy-duty fuel cell truck.
In addition, the companies intend to design and develop jointly even more advanced next-generation battery cells and packs for truck-specific applications, with a focus on high modularity and scalability in order to support different truck applications and flexible compatibility with future e-truck models.
Toyota Motor and five Chinese OEMs—China FAW Corporation Limited (FAW); Dongfeng Motor Corporation (DFM); Guangzhou Automobile Group Co., Each company will invest in the joint venture. FCRD is a company that holds tremendous significance for Toyota's global FC strategies.
Sumitomo Corporation of Americas (SCOA), the largest subsidiary of Sumitomo Corporation, one of the world’s largest traders of goods and services, has invested in OneH2, a hydrogen fuel company headquartered in Longview, North Carolina. Their solution is both mobile and scalable.
Lightning eMotors, a leading provider of commercial electric vehicles for fleets, announced a $45-million order for its zero-emission powertrain systems from Faribault, Minnesota-based motorcoach supplier ABC Companies. —Roman Cornell, president and chief commercial officer of ABC Companies. —Roman Cornell.
The resulting company will have a A$4-billion (US$3.1-billion) The merged entity will also be the fifth-largest lithium company by production according to Benchmark’s Lithium Forecast, with Orocobre and Galaxy’s active assets delivering a combined capacity of around 35,000 tpa LCE. —Galaxy Chairman Martin Rowley.
Companies to retain independent corporate structures. The collaboration will be overseen by a new governance model, supported by Geely Holding, the lead shareholder in both companies. Volvo Cars and Geely Auto confirmed the combination of their existing powertrain operations into a new standalone company.
Therefore, automakers are committing operational investments of nearly US$600 billion to secure their position in the future automotive market, according to GlobalData, a leading data and analytics company. It is near the top of the game for companies active in the EV space. The company leads in deals (M&A, partnerships, JV, etc.)
billion (assuming no redemptions) for the combined company, which will be renamed “TMC the metals company Inc.” and operate as The Metals Company upon closing. billion (assuming no redemptions) for the combined company, which will be renamed “TMC the metals company Inc.” DeepGreen Metals Inc., Transaction overview.
Nucor Corporation, a North American manufacturer of steel and steel products, has made an equity investment in Electra , a Colorado-based start-up developing a process to produce carbon-free iron that can be used to make steel. —Leon Topalian, Chair, President and Chief Executive Officer of Nucor Corporation.
Nidec Corporation announced that its in-wheel motor has been adopted for the first time for ???01(Huan a company successful in Taiwan, and features a battery that can be replaced at any of the charging stations installed across town. 01(Huan Dian Shou 01), an electric motorcycle released by Yadea Group Holdings Ltd. in October 2021.
The company subsequently has established itself as South Korea’s sole provider of full-stack autonomous vehicle simulation solutions. It has also formed partnerships with a variety of global players such as NVIDIA, Ansys, and dSPACE. Digital Twin Environment generated from MORAI SIM – Las Vegas, NV.
Uranium One is the world’s fourth-largest uranium producer and part of Russia’s State Atomic Energy Corporation, Rosatom. Also, the opportunity to have acquired an advanced asset base of this quality from one of the global leaders in the nuclear energy industry is highly unique. Wyoming Hub and Spoke. million pounds U 3 O 8 per year.
Tokyo Electric Power Company Holdings, Inc. TEPCO HD) and Toyota Motor Corporation (Toyota) have developed a stationary storage battery system (1 MW output, 3 MWh capacity) that combines TEPCO’s operating technology and safety standards for stationary storage batteries and Toyota’s system technology for electrified vehicle storage batteries.
Lightning eMotors and ABC Companies, a leading provider of motor coach, transit and specialty passenger transport equipment, announced the sale of the largest battery-electric double-decker motor coach to All Aboard America! Holdings, the fourth-largest motor coach operator in the US.
Artemis DNA, a clinical diagnostic laboratory company providing proprietary Next Generation Sequencing (NGS) genetic and diagnostic testing that enables precision medicine through early disease detection in the US, has reserved 100 VinFast EVs. With the reservation placed, Artemis DNA will be VinFast’s first corporate customer in the US.
LG Chem plans to spin-off its global battery business. LG Chem will seek approval from an extraordinary meeting of stockholders on 30 October and officially launch the spin-off—tentatively named LG Energy Solution—as a new corporation exclusively in charge of the battery business from 1 December.
BYD and Uzavtosanoat JSC (UzAuto) signed an agreement to establish a joint venture company producing new energy vehicles (NEVs). The new joint venture company, which will manufacture best-selling NEVs including the DM-i super hybrid models and related parts, is anticipated to be based in Uzbekistan.
CF Fertilisers, one of the largest global producers of ammonia and ammonia-based fertilizers ?products, Mitsubishi Chemical Corporation, a leading global manufacturer of chemical products, to scope ? These companies are seeking to decarbonize existing operations in Teesside by switching fuel from ?natural
Hyundai Motor Company is expanding its partnership with the US Department of Energy (DOE) and its support of the DOE Hydrogen and Fuel Cells Program. Menezes announced the expansion of the partnership between Hyundai Motor Company and the US Department of Energy (DOE) for its support of the DOE Hydrogen and Fuel Cells Program.
Airbus and Munich Airport International signed a Memorandum of Understanding at ILA Berlin Air Show to start marketing turnkey solutions to cities and regions interested in developing advanced air mobility (AAM) ecosystems globally. —Ivonne Kuger, Executive VP Corporate Development MAI.
Daimler Truck Holding AG, Mitsubishi Fuso Truck and Bus Corporation (MFTBC), Hino Motors Ltd. Hino) and Toyota Motor Corporation concluded a Memorandum of Understanding (MoU) on accelerating the development of advanced technologies and merging MFTBC and Hino.
This includes an initial order of 100,000 Teslas by the end of 2022 and new EV charging infrastructure across the company’sglobal operations. Global EV sales skyrocketed 200% in the last year and will likely continue to grow with commitments from global automakers to increase EV sales.
New investors in the round in addition to BMW include SK Materials, Presidio Ventures (a Sumitomo Corporation Group Company), MCJ Collective, and Earthshot Ventures. The company seeks to significantly reduce environmental impact compared to conventional methods, while, at the same time, protecting local communities and ecosystems.
NYK Line, Toshiba Energy Systems & Solutions Corporation, Kawasaki Heavy Industries Ltd., The companies will target newly constructed domestic vessels in the entire vessel value chain (i.e., Role of each company. Toshiba Energy Systems & Solutions Corporation. ENEOS Corporation. Overview of demonstration project.
Toshiba Corporation, Sojitz Corporation, and CBMM have entered into a joint development agreement for the commercialization of next generation lithium-ion batteries using niobium titanium oxide (NTO) as the anode material. In June 2018, the three companies entered into a joint agreement to develop NTO’s potential as an anode material.
MOBIUS.energy Corporation secured a $50-million investment commitment from GEM Global Yield LLC SCS, a $3.4-billion, MOBIUS has issued warrants to GEM, exercisable upon public listing, to purchase up to 3% of the common stock of the company. billion, Luxembourg-based private alternative investment group.
Via , a company that provides digital infrastructure to power public mobility in cities around the world ( earlier post ), has raised a Series E financing led by EXOR. The financing values the company at $2.25 First launched in New York City in 2013, Via’s technology is now deployed globally, including in Europe as ViaVan.
Mitsubishi Motors Corporation (MMC) released a first look at the redesigned Mitsubishi Eclipse Cross, the next step in the company’s commitment to delivering a showroom full of new and extensively redesigned vehicles in the United States by the second quarter of 2021. The Eclipse Cross will be the second Mitsubishi PHEV on the market.
The facility was developed and built in partnership with the Tokyo Metropolitan Government, TODA Corporation, TOKYU Construction, CHIYODA Kenko and researchers at Tokyo University of Science to help Japan meet growing demand for renewable hydrogen while demonstrating a new pathway for sustainable disposal of waste. Ways2H, Inc. Ways2H, Inc.
Nikola Corporation, a designer and developer of BEV and FCEV Class 8 trucks is executing a reverse merger with VectoIQ Acquisition Corp. to create a company focused on the development of next generation smart transportation. Milton served as CEO of dHybrid Systems, a natural gas storage technology company. Transaction Overview.
Japan-based Chiyoda Corporation has been awarded a $2.7-billion billion engineering, procurement and construction (EPC) contract by PT Freeport Indonesia (PTFI)—a mineral mining company affiliate of US-based Freeport-McMoRan (FCX) and MIND ID Indonesia’s Mining Industry—for a copper smelter in Gresik, East Java, Indonesia.
NYK Line, Japan Marine United Corporation (JMU), and Nippon Kaiji Kyokai (ClassNK) signed a joint R&D agreement for the commercialization of an ammonia-fueled ammonia gas carrier (AFAGC) that would use ammonia as the main fuel, in addition to an ammonia floating storage and regasification barge (A-FSRB).
Through this transaction, Nexeon enters into a strategic partnership with SKC, a major global battery and semiconductor materials company, for volume manufacturing of its silicon anode materials. Ltd (SKC), SJL Partners LLC (SJL), BNW Investment Co. Ltd, (BNW) and Kiwoom Private Equity Inc. Ltd (Kiwoom). SKC, a US$5.0-billion
Australia-based Woodside has signed an agreement with Japanese companies JERA Inc, Marubeni Corporation and IHI Corporation to undertake a joint study examining the large-scale export of hydrogen as ammonia for use decarbonizing coal-fired power generation in Japan. and Chubu Electric Power Company Inc.
MAN Energy Solutions has signed a Conversion Commitment Agreement with Seaspan Corporation (Seaspan), a global leader in containership ownership and management in collaboration with Hapag-Lloyd, one of the leading global liner shipping companies. This agreement includes 45 optional engine retrofit solutions.
a developer of high-performance functional materials and nanocomposites, signed a definitive agreement to acquire substantially all of the assets and intellectual property, including 67 issued and 22 pending patents, of Optodot Corporation for an aggregate of $48.5 The global market for lithium-ion battery separators was an estimated $5.1
Global specialty chemicals and performance materials company Cabot Corporation launched its new ENTERA aerogel particles portfoli o. ENTERA aerogel particles are a thermal insulation additive designed to enable the development of ultra-thin thermal barriers for electric vehicle (EV) lithium-ion batteries.
In its 2023 Strategic Update , Albemarle Corporation raised its forecast for 2030 global lithium demand (LCE, lithium carbonate equivalent) to 3.7MMt—an increase of 15% from its previous forecast due to the impact of the US “Inflation Reduction Act” and strong EV demand.
Fermata Energy, a vehicle-to-everything (V2X) technology services provider, recently raised $40 million to accelerate the company’s growth with investment from new partners, including funds managed by global investment firm Carlyle and Verizon Ventures.
million Series A financing round led by prominent Silicon Valley venture fund, Playground Global, with the investor syndicate comprising Fortescue Future Industries, Coatue, Global Founders Capital, Plug Power, Airbus Ventures, JetBlue Technology Ventures, Toyota AI Ventures, Sojitz Corporation, and Future Shape.
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