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T&E: two-thirds of European battery production at risk as companies weigh investing in US instead

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More than two-thirds (68%) of lithium-ion battery production planned for Europe is at risk of being delayed, scaled down or cancelled, according to new analysis by the European NGO Transport & Environment. Battery production capacity equivalent to 18 million electric cars—1.2 Europe must act or risk losing it all.

Companies 430
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New USGS methodology identifies 23 mineral commodities the supply of which poses greatest risk to manufacturing

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Researchers at the US Geological Survey (USGS) and its partners have developed a new methodology to identify which mineral commodities important to US manufacturing are at greatest risk to supply disruption. The methodology evaluated the global supply of and US demand for 52 mineral commodities for the years 2007 to 2016. Nassar et al.

Supplies 529
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Magna to supply battery enclosures for Silverado EV

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Magna has secured new business from General Motors (GM) to supply battery enclosures on the all-new 2024 Chevrolet Silverado EV. The company will produce the enclosures at its Magna Electric Vehicle Structures facility in St. Production is expected to begin later in 2023.

Silverado 435
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Cummins to supply 35MW electrolyzer system to Linde for green hydrogen production in Niagara Falls

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Cummins will supply a 35-megawatt (MW) proton exchange membrane (PEM) electrolyzer system for Linde’s new hydrogen production plant in Niagara Falls, New York. The new plant will be the largest electrolyzer installed by Linde globally and will more than double Linde’s green liquid hydrogen production capacity in the United States.

Hydrogen 321
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Hyundai HTWO supplying fuel cell generator to ETCR racing for EV charging

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The hydrogen mobile generation concept can also be implemented to supply power in remote areas where electricity is not accessible, or serve as an emergency power source for data centers and similar applications in the event of a power outage.

Hyundai 482
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Molicel to supply battery cells to Archer for production Midnight eVTOL

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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. TCC is the first listing company in Taiwan stock market.

Taiwan 334
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BMW i Ventures leads investment in autonomous forklift company, Fox Robotics

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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.

BMW 448