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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.
Toshiba Corporation intends to split itself into three standalone companies: Infrastructure Service Co. Toshiba , holding its shares in Kioxia Holdings Corporation (KHC) and Toshiba Tec Corporation. Toshiba , holding its shares in Kioxia Holdings Corporation (KHC) and Toshiba Tec Corporation.
Mazda Motor Corporation, working separately with Nippon Steel & Sumitomo Metal Corporation and JFE Steel Corporation, has developed the world’s first cold-stamped vehicle body parts made from 1,310 MPa-class high-strength steel. Parts using 1,310 MPa-class high-strength steel.
Global automotive Tier 1 manufacturer Motherson Group is collaborating with Israeli cleantech company UBQ Materials. The companies are joining efforts to implement the carbon-negative UBQ thermoplastic ( earlier post ) into auto parts manufactured by Motherson Group for the automotive industry. Polymers typically emit 1.9
BYD Company Ltd. and Toyota Motor Corporation signed an agreement to establish a joint company to research and development for battery-electric vehicles (BEVs). Additionally, BYD and Toyota plan to staff the new company by transferring engineers and the jobs currently involved in related R&D from their respective companies.
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.
American Battery Technology Company , Large-Scale Demonstration of Domestic Manufacturing of Low-Cost and Low- Environmental Impact Battery-Grade Lithium Hydroxide from Unconventional Domestic Sedimentary Resources, $57,744,831.
Steelmaker SSAB has started a partnership in fossil-free steel applications with Oshkosh Corporation, a leading producer of mission-critical vehicles and essential equipment, including heavy-duty truck bodies, fire apparatus, access equipment and other specialty trucks.
Uranium One is the world’s fourth-largest uranium producer and part of Russia’s State Atomic Energy Corporation, Rosatom. Other highlights of the acquisition include the following: Largest US uranium mining company. Positions UEC, a US corporation headquartered in Texas, as the largest American uranium mining company.
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.
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.
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.
Nidec Corporation announced that its in-wheel motor has been adopted for the first time for ???01(Huan 01(Huan Dian Shou 01), Yadea’s latest model, is part of the series corresponding to the battery replacement system of Gogoro Inc., 01(Huan Dian Shou 01), an electric motorcycle released by Yadea Group Holdings Ltd. in October 2021.
The BMW investment was part of Lilac’s just-closed US$150-million Series B financing. New investors in the round in addition to BMW include SK Materials, Presidio Ventures (a Sumitomo Corporation Group Company), MCJ Collective, and Earthshot Ventures.
They are the product of Amazon’s partnership with Rivian, which the companies announced in 2019 when Amazon co-founded, and became the first signatory of The Climate Pledge—a commitment to reach net-zero carbon across its operations by 2040.
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.
TAE Technologies , the world’s largest private fusion energy company, has spun-out a new subsidiary, TAE Power Solutions. TAE Power Solutions intends to deliver a novel technology to improve fundamentally the reliability, efficiency, longevity, and affordability of electric-powered products, from vehicles to renewable energy storage.
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.
In case the relevant refueling infrastructure is set up and there is a demand for the new kind of eco-transport on the part of Moscow, we plan to provide for final assembly of hydrogen fuel cell buses at the Sokolniki Car Repair and Construction Plant in the capital of the country, where Kamaz electric buses are already assembled successfully.
Lordstown Motors Corporation, a startup developing an all-electric pickup truck serving the commercial fleet market, merged with DiamondPeak Holdings Corporation, a special purpose acquisition company (SPAC). In November 2019, the Lodstown Motors acquired the Lordstown Complex, formerly a General Motors Corporation (GM) factory.
Hyundai Motor Company released images of its newly upgraded XCIENT Fuel Cell, the world’s first mass-produced, heavy-duty truck powered by hydrogen. The company is also planning to host XCIENT Fuel Cell roadshows and other events open to the general public. The upgraded heavy-duty XCIENT features design and performance updates.
The funds from this round are intended to be used for working capital and general corporate purposes, including Archer’s continued development of its aircraft and related technology, as well as the build out of its manufacturing and test facilities.
AVTOVAZ Group is part of the Dacia-LADA business unit with the Group Renault structure. In particular, we decided to pull ahead this Summer corporate vacation to 4-24 April 2022, and we will do our best to use this period to restore our supply chains. AVTOVAZ manufactures cars for two brands: LADA and Renault.
We are proud to partner with Fermata Energy to accelerate the deployment of its bidirectional offering and believe Carlyle’s broad network and expertise in business development will help jumpstart the company’s growth. —J.B. Oldenburg, a Managing Director specializing in renewables investing at Carlyle.
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. SKC, a US$5.0-billion SJL is a private equity firm that seeks cross-border investments in partnership with Asia-based strategic investors.
announced the development of a hydrogen fuel cell system for maritime applications based on fuel cell technology for automobiles, as part of efforts to offer environment-friendly powertrain solutions. As a part of this challenge, Yanmar has been working on development of future powertrains using hydrogen as fuel. Yanmar Holdings Co.,
Australia-based Pure Hydrogen Corporation has entered an arrangement with PepsiCo Australia to trial a hydrogen-fueled prime mover at one of PepsiCo’s manufacturing sites in the City of Brisbane. The company will also provide additional hydrogen fuel as required, including refueling along with arranging repair & maintenance services.
Addionics, a chemistry-agnostic battery technology company, raised $27 million in a Series A funding round to scale up its efforts to redesign battery architecture with the company’s Smart 3D Electrodes, which improve the cost and performance of batteries with any chemistry—existing or emerging. Earlier post.).
Ford Motor Company, in collaboration with GE Healthcare, will begin producing in Michigan the Airon pNeuton model A ventilator with the goal to produce 50,000 of the needed units within 100 days and up to 30,000 a month thereafter as needed. a small, privately held company specializing in high-tech pneumatic life support products.
Toyota Motor Corporation and Toyota Financial Services Corporation launched a cross-Group virtual organization, Toyota Blockchain Lab, in April 2019. In this regard, Toyota Blockchain Lab will expand collaborations more with its various partner companies. and relationship-building with partner companies.
Hyundai Motor Company is partnering with Incheon International Airport Corporation (IIAC), Air Liquide Korea and Hydrogen Energy Network (HyNet) to establish a hydrogen refueling station for fuel cell electric buses at Incheon Airport’s Terminal 2 by March 2021.
The AV shuttle service is part of the Together in Motion Indiana initiative announced earlier this year by TMF and ESN that previously provided a similar autonomous shuttle service in downtown Indianapolis for six months. Fishers will be its ninth shuttle deployment since the company began operations.
Specifically, the investment is for developing and localizing automotive battery production, including those for battery electric vehicles, and is part of the global total of approximately $13.5 trillion) set aside for investment in battery development and production announced last month by Toyota Motor Corporation. billion (¥1.5
Yamaha Corporation and Sumitomo Corporation Power & Mobility Co., a Sumitomo Corporation Group company, jointly demonstrated a new waste heat recovery system based on a thermoelectric generator (TEG), which generates electrical power via exhaust gas heat. With the TEG, 1.9% of CO 2 emissions (i.e. CO 2 reduction (i.e.
Wisk Aero, an Advanced Air Mobility (AAM) company, revealed the first self-flying, all-electric, four-passenger vertical takeoff and landing (eVTOL) air taxi. Wisk is one of the only AAM companies to pursue a self-flying first approach. Wisk is backed by The Boeing Company and Kitty Hawk Corporation.
Eve UAM, the urban air mobility (UAM) business created by Embraer and established as an independent company in October 2020, has entered into a definitive business combination agreement with Zanite Acquisition Corp., a special purpose acquisition company focused on the aviation sector.
iM3NY has an exclusive North American technology license agreement with C4V, a Binghamton, NY-based R&D company with IP/patented technologies in the development and design of environmentally friendly lithium-ion batteries. The company’s substantial growth plans include building out 32 GWh of capacity over eight years.
As part of the “Development of Production Technologies for Biojet Fuels” of New Energy and Industrial Technology Development Organization, a Japanese national research and development agency, JAL has conducted a flight—JL515 (From Tokyo (Haneda) to Sapporo (Shin-Chitose))—with 3,132 liters (9.1% the other by IHI Corporation.
The California pilot program was part of a $22.6m-illion The company has a clear path to power new locomotives—and repower existing locomotives—with batteries, hydrogen internal combustion engines, and hydrogen fuel cells. —Eric Gebhardt, Wabtec Chief Technology Officer.
Hyundai Motor Group will collaborate with the Saudi Arabian Oil Company (Aramco) and King Abdullah University of Science and Technology (KAUST) jointly to research and develop an advanced fuel for an ultra lean-burn, spark-ignition engine that aims to lower the overall carbon dioxide emissions of a vehicle. —Ahmad O.
Established in 2022, BOS Semiconductors aims to grow into a global fabless company. Starting with this investment, the Group plans to seek various automotive-related semiconductor technologies continuously and to cooperate with diverse chip companies to secure competitive semiconductors for automotive.
Corporate Cash The idea of private digital currencies goes back to at least 1994, when the late Edward de Bono wrote of the “IBM dollar.” In de Bono’s vision, “large manufacturing corporations” should create their own currencies, which could be used to buy their products. These companies had two main concerns.
Syzygy Plasmonics , LOTTE Chemical and LOTTE Fine Chemical (LOTTE Chemical HQ), and Sumitomo Corporation of Americas (SCOA) announced a joint development agreement to test a photocatalytic reactor for clean hydrogen production. Among other climate-focused goals, the company is setting the stage to advance the hydrogen economy in Korea.
and Toyota Motor Corporation (Toyota) are partnering to establish a mobile retail business that uses a fuel cell vehicle in specified reconstruction and revitalization bases. With the aim of more sustainable community building, the two towns will work together with partner companies to resolve issues faced by local residents.
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