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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.
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.
To materialize large volume of imports, it is important to build supply chains from import terminals to demand locations, and to put priority on identifying challenges and find its solutions. Iwatani Corporation, Chubu Electric Power Co., Other member companies in the study group include Idemitsu Kosan Co., Toho Gas Co.,
Toyota Motor Corporation and Honda R&D Co., Moving e equipment set: 1 CHARGING STATION fuel cell bus; 2 units of Power Exporter 9000 external power output device; 36 units of Honda Mobile Power Pack; 20 units of LiB-AID E500; 36 units of Honda Mobile Power Pack Charge & Supply Concept charger/discharger.
The supply will go beyond 2030. 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.
and Toyota Motor Corporation have jointly developed a fuel cell power supply vehicle that uses hydrogen to generate electricity. Many of the current generation of power supply vehicles use diesel engines to provide power to the vehicle on the road and when generating electricity.
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., Source: DeepGreen.
Molicel ), a supplier of lithium-ion battery cells, entered into a memorandum of understanding for Molicel to manufacture and supply the battery cells for Archer’s production electric vertical takeoff and landing (eVTOL) aircraft, Midnight. Molicel belongs to the energy business of Taiwan Cement Corporation (TCC).
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.
Neste and All Nippon Airways (ANA), Japan’s largest and a 5-Star airline, are entering a sustainable aviation fuel (SAF) supply agreement. ANA will become the first airline to use SAF on flights departing from Japan; the agreement also represents Neste’s first SAF supply to an Asian airline.
NYK Line, Toshiba Energy Systems & Solutions Corporation, Kawasaki Heavy Industries Ltd., The project, which will begin this month, is Japan’s first effort to develop a commercially available FC vessel and carry out a demonstration operation involving the supply of hydrogen fuel. Role of each company. ENEOS Corporation.
and New Zealand’s Hiringa Energy signed a vehicle supply agreement, with Hyzon commissioned to build and supply Hiringa with zero-emission Heavy Goods Vehicles (HGV). Hyzon’s FCEVs will be powered by green hydrogen supplied through Hiringa’s nationwide refueling infrastructure. Hyzon Motors Inc. Earlier post.).
ANGI Energy Systems, a Vontier company announced a strategic collaboration with Nikola Corporation to support Nikola’s plan to create the largest North American open-network of commercial hydrogen refueling stations by providing technically advanced hydrogen fueling dispensers, under Nikola’s HYLA brand.
time, it announced it had signed initial MoUs to scope the supply of hydrogen to chemicals ?manufacturer products, to scope the supply of clean hydrogen as fuel to reduce hard to abate combustion ?emissions Mitsubishi Chemical Corporation, a leading global manufacturer of chemical products, to scope ?the At the same ?time,
Toyo Engineering Corporation and?Irkutsk Irkutsk Oil Company (IOC), Japan Oil, Gas and Metals National Corporation (JOGMEC), and Itochu Corporation are partnering on a joint feasibility study of a blue ammonia value chain between eastern Siberia and Japan.
has entered into an agreement with Sion Power Corporation ( earlier post ), a leading developer of high-energy rechargeable battery technology, to design and to supply battery cells based on their proprietary lithium-metal technology for commercial vehicle applications. Cummins Inc.
The new fund will invest in early to mid-stage start-ups operating in the sustainability, transportation, manufacturing, and supply chain industries. Of the investments made in Fund I, BMW i Ventures has enabled seven companies to go public so far. BMW i Ventures was established as an independent venture capital firm in 2016.
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.
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.
and Sumitomo Corporation announced an agreement to diversify and strengthen rare earth supplies in Japan. Further, the companies will collaborate on the supply of rare earth metals and other products. With this knowledge, SC will continue to build value added trade by utilizing the company’s enhanced management resources.
Toyota Motor Corporation has commissioned Yamaha Motor to develop a 5.0-liter In Japan, Toyota and other automotive-related companies are about to begin a collaborative effort to expand the range of fuel options for internal combustion engines. 32, which was completed at the company’s headquarters last year. Earlier post.).
TDK Corporation subsidiary TDK Ventures Inc. has invested in AutoFlightX , an electric vertical take-off and landing (eVTOL) air mobility company. AutoFlightX is an eVTOL air-cargo and air-taxi company headquartered in Munich, with R&D centers in Shanghai and Shenzhen, China. V600 prototype unveiled at Aero Friedrichshafen 2019.
The challenge of meeting Net-Zero Emissions by 2050 “will be short-circuited and remain out of reach” unless significant new copper supply comes online in a timely way, according to a new study by S&P Global that examines the growing mismatch between available copper supply and future demand resulting from the energy transition.
United States Steel Corporation announced that its new electrical steel product, InduX, will begin production at its Big River Steel facility in the summer of 2023 with the commissioning of its new non-grain oriented (NGO) electrical steel line. Earlier post.)
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.
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. Pure Hydrogen will supply PepsiCo with a Hydrogen Fuel Cell 160kW 6 x 4 Prime Mover (HFCV Prime Mover).
FREYR Battery announced a new service agreement with ITOCHU Corporation, the Japan-based global trading and import/export company. As part of this agreement, ITOCHU will serve as a direct materials supplier for FREYR’s procurement and supply chain operations. ITOCHU and FREYR are both investors in 24M Technologies, Inc.,
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.
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. Albemarle also estimates the 2030 mined supply to come in at 2.9
The aluminum producer Hydro now supplies sustainable aluminum for the battery housing of the Audi e-tron EV. The two partners pursue sustainability as an important goal in their corporate strategy and together want to reduce CO 2 emissions from the use of aluminum. To do that, we need a sustainable supply chain.
Subaru Corporation, Toyota Motor Corporation, Mazda Motor Corporation, and Yamaha Motor Co., Subaru Corporation, Toyota Motor Corporation, Mazda Motor Corporation, and Yamaha Motor Co., Kawasaki Heavy Industries, Ltd., Kawasaki Heavy Industries, Ltd., Continuing to race using hydrogen engines.
SK IE Technology (SKIET) signed an MOU with Sunwoda , the 9 th largest battery manufacturer in terms of global market share (according to SNE Research in 2022), to strengthen cooperation in supplying battery separators. SKIET plans to supply separators produced at its Changzhou factory in China to Sunwoda.
Limited (CATL) and Toyota Motor Corporation have entered into a comprehensive partnership agreement for the stable supply and further development of New Energy Vehicle (NEV) batteries. To this end, the two companies intend to establish joint systems and engage in specific initiatives together.
announced it has signed a non-binding memorandum of understanding with Nikola Corporation for a global supply agreement to provide GM’s Hydrotec fuel cell system for Nikola’s Class 7/8 semi-trucks. This supply agreement recognizes our leading fuel cell technology expertise and development. General Motors Co. Earlier post.).
Swiss marine power company WinGD and Korean engine builder HSD Engine have initiated a Joint Development Project (JDP) to advance the development of WinGD’s methanol-fueled big-bore engines. In November 1990, Sulzer established its Diesel Engine & Diesel Power Plant Division as a separate company, New Sulzer Diesel Ltd.
Cornish Lithium ( earlier post ), a mineral exploration and development company based in Cornwall, UK, secured an investment package of up to £18 million (US$24 million) from TechMet Limited, a leading technology metals investment company. The investment is the first that Cornish Lithium has secured from a financial institution.
and Mazda Motor Corporation agreed to enter into discussions on establishing a medium- to long-term partnership to meet demand for battery EVs and automotive batteries in a rapidly expanding market. Mazda had installed Panasonic batteries in its Demio EV, which the company had leased in Japan since 2012. Panasonic Energy Co.,
JFE Steel Corporation, Itochu Corporation and Emirates Steel Arkan, the largest steel company in the United Arab Emirates (UAE), will conduct joint detailed feasibility studies on the establishment of a supply chain of ferrous raw material for green ironmaking with low-carbon emission at the project site in Abu Dhabi.
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. VectoIQ Acquisition Corp. Kim Brady, currently the CFO at Nikola, will continue in that role post-close.
Vendia is bringing the combination of blockchain and serverless computing to companies in the Web3 era. Historically, businesses have had to rely on multi-party supply chains across various industries, yet they haven’t been provided with a single source of truth for workloads without retaining the independence of each party’s IT operations.
announced that, following the finalization of the definitive agreements with Nikola Corporation as per the terms sheet described on 9 May 2023, its subsidiary Iveco S.p.A. Iveco Group N.V.
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.
East Japan Railway Company (JR East), Hitachi, Ltd., and Toyota Motor Corporation have entered into an agreement to collaborate on development of test railway vehicles equipped with hybrid systems that use hydrogen powered fuel cells and storage batteries as their source of electricity.
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