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The Nikkei reports that the Japanese government, major automakers and highway infrastructure companies are now working together to package technologies and services for sale in emerging markets such as India and Indonesia to address the growing problem of traffic congestion. and Toyota Tsusho Corp.
Toyota Motor Corporation has developed a product that packages a fuel cell (FC) system into a compact module; the company plans to begin selling it in the spring of 2021 or later. As a result, the need for hydrogen and FC technologies has been increasing in a variety of applications.
Tesla aims to bring the all-electric Cybertruck to a brand new market in what the company believes will be a massive advantage. Tesla Cybertruck gets pushback in Europe, increasing need for ‘international’ version However, Tesla plans to expand Cybertruck into other markets. He continued: We want it here.
In Seoul, Hyundai Motor Company unveiled a strategic roadmap to accelerate its electrification ambition as it pursues sustainable progress for the company. The company also unveiled targets for sales and financial performance to be achieved by 2030. The company earmarked KRW 95.5
Porsche and Boeing signed a Memorandum of Understanding to explore the premium urban air mobility market and the extension of urban traffic into airspace. With this partnership, both companies will leverage their respective market strengths and insights to study the future of premium urban air mobility vehicles.
The company will build on the widespread use of mobile devices to assist people in urban areas. ” To support the move into this area, BMW has established BMW i Ventures, a venture capital company based in New York City. “ Premium services users may become premium customers.”
Under the terms of the agreement, Anjie Wireless will license WiTricity’s patented magnetic resonance technology and industry-leading designs to develop and commercialize highly efficient wireless electric vehicle (EV) charging systems for sale to leading carmaker brands in the China market.
The company will officially begin delivering keys to customers at a special launch event scheduled for 4 October in Los Angeles with a select group of early reservation holders along with the company’s first fleet owners. The company earlier introduced a new fleet and commercial version of the SOLO Cargo EV.
ECD), a global manufacturer of thin-film flexible solar laminate products and systems for the building-integrated and commercial rooftop markets, has initiated a process to divest its Ovonic Battery Company (OBC) subsidiary. Energy Conversion Devices, Inc.
sale under the Toyota brand in the European market. for the two companies to enter into capital tie-ups. already make compact passenger vehicles for the European market under a joint-venture. We regard the light commercial vehicle market in Europe to be. Toyota Motor Corporation’s (TMC’s) European. Toyota and PSA.
Ovonic Battery Company, Inc. GS Yuasa is a holding company jointly established by Yuasa Corporation and Japan Storage Battery Co., Ovonic Battery Company, Inc. OBC) a subsidiary of Energy Conversion Devices, Inc. has extended its license agreement with GS Yuasa International Ltd.,
3M and Chesapeake Energy Corporation will collaborate in designing, manufacturing and marketing a broad portfolio of compressed natural gas (CNG) tanks for use in all sectors of the United States transportation market. 3M expects these tanks to be available for sale during the fourth quarter of 2012.
The company delivered 834,800 (November 2013: 828,900; +0.7%) vehicles in November (also excluding MAN and Scania). The ten million mark is within reach in spite of all the uncertainties in the global automotive sector ,” Christian Klingler, Group Board Member for Sales, said in Wolfsburg. Developments at Group brands.
LION Smart GmbH , an engineering service company for original equipment manufacturers (OEMs) and for suppliers specializing in testing and development of lithium-ion batteries for automotive applications, has finished its start-up phase. Currently the company creates conceptual designs and constructions in Solidworks for its first clients.
Toyota Motor Corporation and Suzuki Motor Corporation (Suzuki) agreed to start discussing new joint projects in the fields of technological development, vehicle production, and market development. TKM) to produce models developed by Suzuki for sale in India through each of the Toyota and Suzuki brand network.
Separately, a new report by Pike Research forecasts that green chemistry represents a market opportunity that will grow from $2.8 billion pound, $3-billion worldwide market. Designing greener chemicals: The Sherwin-Williams Company, Cleveland, Ohio. billion in 2011 to $98.5 billion by 2020.
Wärtsilä has released its Wärtsilä 20DF US Tier 4- and ECA-compliant dual-fuel engine for sale in the US market. Engines supplied to the US market will operate primarily on natural gas, with marine diesel oil (MDO) as a pilot fuel or as an emergency backup fuel. Wärtsilä has delivered more than 1,000 dual-fuel engines.
PEV Sales in China by segment: 2012-2017. Pike projects the PEV market in China will grow at a compound annual growth rate (CAGR) of 60% from 2012 to 2017, surpassing 152,000 units sold annually by 2017. However, that figure represents less than 1% of the total light duty vehicle market in China. Market development.
Additionally, this milestone will allow the Company to secure its own supply of lithium metal for its anode production, in order to implement its vertically integrated business model. We believe we are one of the first internationally to produce lithium metal directly from lithium carbonate at this scale.
HUMMER is also in the process of obtaining emissions certification for a diesel H3 that will be introduced in markets outside of North America. Tengzhong is one of China’s major privately owned engineering companies. Citi is acting as financial advisor to GM.
BASF now has the worldwide distribution rights for RheoFalt smart additives to modify asphalt and bitumen manufactured by the Netherlands-based company Ventraco. We estimate that the market volume worldwide and especially in the region of EMEA will increase sharply in the near future.
announced that its Universal Biofuels subsidiary has won a $6-million first contract to supply biodiesel to the India government-owned Oil MarketingCompanies (OMC) in a public tender process. The OMC’s provide about 70% of the fuel consumed in India, and the diesel fuel market is growing at a rate of more than 5% per year.
Tesla Mexico is ramping up its hiring efforts for sales and service jobs. Gutiérrez has over 20 years of professional experience in different roles, including consulting, strategic planning, innovation, and marketing. She has worked for companies like Mattel and Nestlé. She has worked for companies like Mattel and Nestlé.
Honda last week announced key targets for sales of electrified vehicles in North America, with a plan to make battery-electric and fuel cell electric vehicles (BEVs and FCEVs) to represent 100% of its vehicle sales by 2040, progressing from sales of 40% by 2030 and 80% by 2035.
Some utility companies offer special electricity rate structures for PEV owners to incentivize vehicle charging during off-peak hours, generally in the evening. California’s ZEV mandate requires automobile companies to produce for sale a certain percentage of zero emission vehicles, such as electric and hydrogen fuel cell.
Butane and lighter HCs are processed further to separate them into fuel gas (mostly methane and ethane), propane, propylene, butane, and butene for sale, or for further processing or use. —Herbert Exner, BASF Vice President, Refinery Catalysts & Technologies.
GKN Driveline continues its rapid growth in China with plans for a 12 th manufacturing facility; expansion of an existing research center; and the introduction of new low-cost and electric-hybrid technologies for the China market. Changchun is the second new plant GKN has constructed in the last 18 months in China.
Volkswagen Financial Services AG has already acquired a 92% shareholding in Sunhill Technologies GmbH, the German market leader in mobile-parking solutions across 90 German cities. Christian Dahlheim, the management board member responsible for sales and marketing at Volkswagen Financial Services AG.
Stellantis will supply TME with the new large-size commercial van for sale in Europe under the Toyota brand. The large-size LCV announcement deepens the collaboration enabling Toyota to complete a full LCV line-up in Europe, while allowing both companies to benefit from development and production cost optimisation.
This trend has provided opportunities for companies such as EnergyX to introduce DLE technologies to make lithium extraction more efficient, sustainable, and economic. Orocobre is an Australian-based mineral resource company specialized in lithium and borax extraction.
China is the world’s largest truck market. AB Volvo has signed an agreement with the Chinese vehicle manufacturer Dongfeng Motor Group Company Limited (DFG) to acquire 45% of a new subsidiary of DFG, Dongfeng Commercial Vehicles (DFCV), which will include the major part of DFG’s medium- and heavy-duty commercial vehicles business.
Hyundai Motor Company and Kia Motors Corporation today made a strategic investment of €100 million (US $110 million) in a new partnership with Arrival , a UK-based electric vehicle startup ( earlier post ). At its CEO Investor Day on 14 January, Kia also announced its plan to develop PBVs for shared-service companies and logistics companies.
Polestar vehicles built in South Carolina will be for sale in the United States. From now on, the USA is no longer an export market but a home market. The manufacturing announcement also underlines Polestar’s commitment to the American retail market, which is undergoing a period of rapid expansion.
Three energy companies have agreed to fines totaling $785,000 following investigations by the California Air Resources Board (CARB). All three companies violated provisions of the Low Carbon Fuel Standard (LCFS). CARB took Alon and Paramount to court for their failure to accurately report its sales.
The first deliveries of the all-electric commercial vehicle are planned for the first quarter of 2023 in Europe, followed by market launches in Asia, the Caribbean and South America. As a result, the LS100 is eligible for sale in all 27 EU member states and other countries that adopt EU vehicle homologation standards.
Brightmark Energy , a San Francisco-based waste and energy development company, closed a $260-million financing package for the construction of the US’ first commercial-scale plastics-to-fuel plant, which will be located in Ashley, Indiana.
Nissan is working in collaboration with Portland (Oregon) General Electric (PGE) on a six-week trial to help determine the viability of an electric commercial vehicle in the US market. Oregon has been a top five market for Nissan LEAF sales in the U.S. —Toby Perry, Nissan’s director of EV Marketing in the US.
Daihatsu Motor and Toyota Motor are forming a new cooperative business in Indonesia, under which the two companies are to respectively market a new Daihatsu-brand and Toyota-brand compact car there. Both the vehicles are planned for display at the Indonesia International Motor Show in September as models planned for sale in Indonesia.
These states make up more than 35 percent of the automobile market in the US and represent a significant share of the fleet market. The retail distribution timeline coincides with the company’s plans to expand production at its Elkhart, Ind. —THINK spokesperson Brendan Prebo. manufacturing facility.
Audi achieved new record figures in the Chinese market in the first half of the year, increasing unit sales in China including Hong Kong and Macau by 17.8% In June, the company for the first time passed the mark of 50,000 deliveries in one month (50,756, up 14.1% to 268,666 automobiles.
President and CEO of Porsche Cars North America, Kjell Gruner, has left the company. The former Porsche AG chief marketing officer took the wheel to oversee our region less than three years ago and has reportedly made an abrupt exodus.& The news came out of left field," said an insider who requested to remain anonymous.
Separately, Solazyme and Archer-Daniels-Midland Company, a leading global agricultural processor, signed strategic collaboration, manufacturing and market development agreements in which Solazyme and ADM will produce Solazyme’s tailored algal oils in ADM’s advanced fermentation plant at Clinton, Iowa. Solazyme, Inc., Earlier post.).
ZHRO has developed a financial and marketing model to accelerate the commercial launch of their breakthrough technology and has already contracted with a number of North American distributors for sales and installation of its fuel injector/engine conversion system, the company says.
Using their existing sales and service channel, GAS, the largest commercial alternative fuel conversion company in the country, has partnered to provide installations for ROUSH CleanTech propane autogas fueling systems in the transit, paratransit and commercial ground transportation markets.
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