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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%).
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. Under the new plan, the company aims to boost annual global BEV sales to 1.87
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.).
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.
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.
Geely Auto Group (Geely Auto) officially announced the widely reported formation of Zeekr—a new electric mobility technology and solutions company based in China that will serve growing global demand for premium electric vehicles. Zeekr aims to deliver a new electric vehicle to market each year in the coming five years.
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.
Hyundai Motor Company plans to ramp up the US commercial vehicle market entry with XCIENT Fuel Cell trucks. We are running out of time to limit global warming. —Mark Freymueller, Senior Vice President and Head of Commercial Vehicle Business Innovation at Hyundai Motor Company. million km as of 30 April 2022.
Vaekstfonden, the Danish Growth Fund, and the German engine manufacturer DEUTZ AG, are investing €15 million in methanol fuel cell company Blue World Technologies. The aim is to bring the company’s green fuel cell products and solutions to the globalmarket. million in the company.
The Covid-19 crisis in 2020 triggered the largest annual drop in global energy-related carbon dioxide emissions since the Second World War, according to IEA data, but the overall decline of about 6% masks wide variations depending on the region and the time of year. Many economies are now seeing emissions climbing above pre-crisis levels.
ABIC), a special purpose acquisition company (SPAC), have entered into a definitive business combination agreement under which ABIC will combine with LiveWire, Harley-Davidson’s electric motorcycle division ( earlier post ), to create a new publicly traded company. Harley-Davidson and AEA-Bridges Impact Corp.
Automotive supplier Eberspächer is entering the fast-growing market of hydrogen and fuel cell technology. The company has acquired 100% of the shares of the US company ViCTORi LLC, better known as VAIREX air systems, effective 2 July 2021. In the future, Eberspächer will offer air supply components for fuel cell systems.
New statistics show that Volvo Trucks was the market leader for heavy all-electric trucks in Europe 2021 with a market share of 42%. In 2021 the company took orders, including letters of intent to buy, for more than 1,100 electric trucks worldwide. Volvo Trucks has the largest market share at 42%. Data: IHS Markit.
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.
The investment will support acceleration of Infinium’s commercial developments globally. SK Trading International (SKTI), a wholly owned subsidiary of SK Innovation, has closed a round of institutional funding into electrofuels developer Infinium. Earlier post.)
A new report from IDTechEX forecasts the solid-state battery market will grow to $8 billion by 2031. The car plug-in market will take the largest share (66%) in 2031, followed by smartphone applications. The car plug-in market will take the largest share (66%) in 2031, followed by smartphone applications. Source: IDTechEx.
Concurrent with the closing of the round, Till Reuter, former CEO of KUKA, and David Fuller, former CTO of KUKA and current CEO of Artificial, will join the company as independent board directors. Supply chain efficiency and resiliency are top of mind for many companies today.
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. VW Group stays on the top of the list with a US$100.5-billion
Following initial contracts with European suppliers, the BMW Group has now concluded further 2 -reduced-steel-for-global-production-network">agreements for the supply of CO 2 -reduced steel in the US and China. Steel is one of the main sources of CO 2 emissions in our supply chain.
Joint ventures between automakers and battery companies have been central to this growth. In 2031, China is set to have almost 4,500 GWh of gigafactory capacity, representing 70% of global capacity. Europe has increased its pipeline by eight gigafactories over the same period.
To support these developments and be able to offer a complete and competitive Renault Trucks range on the market, the company is setting up an organization dedicated to electric mobility. To help meet the Paris Agreement’s goal of limiting global warming to less than 1.5 Preparations are underway to market a Z.E.
eFuels company HIF Global ( earlier post ) and Siemens Energy reached an agreement under which Siemens Energy will supply electrolyzers to the HIF Matagorda eFuels Facility. We face a time of incredible expansion in hydrogen production amid global supply chain challenges.
Deepsea mining company TMC The Metals Company ( earlier post ) announced a strategic partnership with Low Carbon Royalties Inc. This transaction also offers TMC shareholders exposure to a royalty company that I am confident under Brian’s leadership will become a market leader.
Octillion Power Systems, a global provider of advanced lithium-ion batteries, has moved to a new US headquarters in Richmond, California. The company’s North and South American operations will be based there. The company has operations in 16 locations in Asia, Europe and North America with a global workforce of more than 400 employees.
Russia-based Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, presented its eleventh review of the nickel and platinum group metals (PGM) markets based on the fundamental analysis of world economic and industry data. Mt to 3.22 Mt (7% year-on-year growth).
bp ventures has committed $10 million, leading the Series B investment round, in WasteFuel , a California-based biofuels company that will use proven, scalable technologies to convert bio-based municipal and agricultural waste into lower carbon fuels, such as biomethanol. billion metric tons by 2050.
Ricardo has partnered with UK-based technology company Brightec to develop a smartphone app which will enable hybrid vehicles to sense that they have entered a clean air zone and encourage a switch to electric mode. The project addresses both the existing vehicle fleet and also extends to long-term improvements in air quality.
By 2045, Kia plans to reduce 97% of the company’s 2019 level of carbon emissions. The company will attain carbon neutrality by implementing additional measures to fully offset its remaining carbon emissions. Achieving full electrification in major markets by 2040. Rendering of Concept EV9.
The Metals Company (TMC) announced that its Australian subsidiary, The Metals Company Australia Pty Ltd., The Metals Company (TMC) announced that its Australian subsidiary, The Metals Company Australia Pty Ltd., Ongoing testing of Pilot Collection System before planned upgrade to Project Zero System. Source: TMC.
The new Qashqai follows the new Rogue sold in North America as the second global model for Nissan to feature aluminum parts produced with the closed-loop recycling process. In addition, it helps accommodate more technology, including the vehicle’s electrified powertrain.
Trading Economics global macro models and analysts expectations forecast battery-grade lithium carbonate to trade at 504,813 CNY (US$74,000) per tonne in 12 months time. Global consumption of lithium in 2021 was estimated to be 93,000 tons, a 33% increase from 70,000 tons in 2020. Lithium is expected to trade at 484,185.00
This includes an initial order of 100,000 Teslas by the end of 2022 and new EV charging infrastructure across the company’sglobal operations. Today, 40% of US consumers say they are likely to consider an electric vehicle the next time they are in the market for a new vehicle, according to Pew.
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.
The technology company plans to acquire assets of the US chipmaker TSI Semiconductors, based in Roseville, California. With a workforce of 250, the company is a foundry for application-specific integrated circuits, or ASICs. Above all, the global ramp-up of electromobility is resulting in huge demand for such special semiconductors.
Austria-based OMV, an international, integrated oil, gas and chemicals company, announced its intention to become a net-zero (Scope 1, 2 and 3) company by no later than 2050. The business segment Chemicals & Materials will instead be the growth engine of the company. The company can build on a strong position.
Since its foundation in 2001, Yadea has achieved major milestones, including being listed on the Hong Kong Exchanges and Clearing Limited in 2016, and selling 10 million units globally in 2020, to grow rapidly by capturing needs for vehicle electrification. ???01(Huan 01(Huan Dian Shou 01)’s rear wheel.
The company now expects its 2022 electric vehicle revenue to grow to approximately $850 million—more than double what it was in 2021. BorgWarner has just added Rhombus Energy Solutions, a provider of charging solutions in the North American market. billion of electric vehicle revenue by 2025. Earlier post.)
The companies will work together to drive adoption of open, interoperable standards in wireless charging for global electric vehicle (EV) infrastructure Siemens makes strategic investment in WiTricity and licenses their technology for future wireless EV charging products. —Markus Mildner, CEO of Siemens eMobility.
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.
SK Innovation has decided to spin off its battery production and exploration & production (E&P) business as independent companies. SK Innovation will be a holding company that plays the role of the “Green Portfolio Designer & Developer” and puts greater emphasis on the improvement of the enterprise value. The SK Battery Co.,
Cummins has entered into a definitive agreement to acquire Meritor, a global leader of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. Under the terms of the agreement, Cummins will pay $36.50 billion, including assumed debt and net of acquired cash.
Hyundai Motor Company shipped the first 10 units of the Hyundai XCIENT Fuel Cell, the first mass-produced fuel cell heavy-duty truck, to Switzerland. The company plans to ship a total of 50 XCIENT Fuel Cells to Switzerland this year, with handover to commercial fleet customers starting in September. Earlier post.)
The demand for high purity nickel as one of the necessary materials for the cathode materials used in high-capacity batteries, will increase 23% yearly on average, and may lead to supply constraints after 2025, according to globalmarket research firm WoodMac.
Through this strategic acquisition, META expands its nanomaterials library and core expertise to address key challenges in battery safety and other applications, opening multi-billion-dollar markets. The globalmarket for lithium-ion battery separators was an estimated $5.1 —George Palikaras, President and CEO META.
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