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Australian freight company orders 36 Volvo FL Electric trucks

Green Car Congress

Australian express freight company, Team Global Express, has placed an order for 36 Volvo FL Electric trucks. The 36 units will become a part of Team Global Express Sydney metropolitan pick-up and delivery fleet. Volvo Trucks’ target is that half of its global total sales of new trucks will be electric by 2030.

Volvo 448
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SK makes strategic investment in clean hydrogen company Monolith; “cyan hydrogen”

Green Car Congress

SK Corp, the holding company of SK Group, has made a strategic investment in Monolith , a US company that has developed a plasma-based process to produce “cyan” hydrogen—between green (via electrolysis using renewable energy) and blue (conversion of methane accompanied by CO 2 capture and storage). Earlier post.).

Hydrogen 468
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Direct lithium extraction company EnergyX secures $20M in funding commitments

Green Car Congress

Direct lithium extraction (DLE) technology company Energy Exploration Technologies Inc. The company said that the funding makes it the highest-valued direct lithium extraction technology company on the market. In 2020 global supply was roughly 315k tons; this is expected to rise to 5.5M Earlier post.) tons by 2040.

Companies 448
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Saga Pure takes 33% stake in liquid hydrogen storage technology company

Green Car Congress

Norway-based Green inverstment company Saga Pure ASA has committed to subscribe for NOK 30 million (US$3.5 Following the private placement, Saga will have an ownership of approximately 33% in the company. Completion of the private placement is subject to the success of certain near-term company milestones.

Hydrogen 475
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Faurecia and Accenture partner on products and services for connected and autonomous vehicles

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15+ global automotive brands testing StoreDot extreme fast charging high energy battery cells

Green Car Congress

StoreDot, a developer of extreme fast charging high energy batteries for electric vehicles, announced that its XFC batteries and systems are now being tested by more than 15 global automotive brand manufacturers, and that it has additional potential manufacturing partnerships in the pipeline for this year.

Global 417
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Top 10 EV battery manufacturers all Asian companies; China accounts for 56% of market, Korea 26% and Japan 10%

Green Car Congress

The top 10 global producers of Li-ion batteries for electric vehicles are all Asian companies, according to an analysis posted on the Visual Capitalist. Chinese companies make up 56% of the EV battery market, followed by Korean companies (26%) and Japanese manufacturers (10%).

Li-ion 458