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Volvo Cars will build a third manufacturing plant in Europe, positioning the company well to meet the continued demand from its customers for electric cars and capture future growth potential. The new facility represents an investment of around €1.2 billion; Volvo expects around 20% to be funded by governmental support.
T company, which in addition to Hyundai and Kia also supplies components to other well-known automotive carmakers in North America and Asia, will be presenting the latest technology solutions in the following areas: Hydrogen-electric powertrains. Hyundai Mobis is participating in the IAA for the first time in 2021.
European R&D and battery production company InoBat Auto has acquired a 290,000 sq ft (27,000 sq m) facility close to Bratislava, Slovakia. The property will house a 100MWh facility combining proprietary High Throughput Process ( HTP ) R&D with prototype battery cell-manufacturing capabilities.
Hyundai Motor Group (the Group) announced that five key affiliate companies, including Hyundai Motor Company and Kia Corporation, will join Climate Group’s RE100 , a global initiative committed to moving toward 100% renewable energy. To be a member, a company must have significant power footprint (i.e.
Rio Tinto is supporting the development of a battery ecosystem in Europe with an investment in Inobat Auto (InoBat), a Europe-based battery technology and manufacturing company. This investment will support the completion of InoBat’s research and development center and pilot battery line in Voderady, Slovakia.
In partnership with the Czech technology company IBG ?esko, So far, 160 pre-orders have been received from dealers in the Czech Republic, Germany, the Netherlands and Slovakia. The system has a total capacity of up to 328 kWh, which can be used to supply fast-charging stations with a transmission power of up to 150 kW.
Rio Tinto and InoBat, a European battery technology and manufacturing company, signed a Memorandum of Understanding to work together to accelerate the establishment of a “cradle-to-cradle” battery manufacturing and recycling value chain in Serbia.
The pillars will guide Kia in its efforts to reduce carbon emissions in all operational facets, from supply, logistics, vehicle production and vehicle use through to disposal of waste. By 2045, Kia plans to reduce 97% of the company’s 2019 level of carbon emissions.
The project, called “IPCEI Hy2Use” was jointly prepared and notified by thirteen Member States: Austria, Belgium, Denmark, Finland, France, Greece, Italy, Netherlands, Poland, Portugal, Slovakia, Spain and Sweden. The IPCEI will involve 35 projects from 29 companies, including SMEs and start-ups, with activities in one or more Member States.
Hyundai Motor Group’s supplier, Hyundai Mobis , is investing around $256 million (350 billion won) in building new plants in Slovakia for EV parts. The companysupplies parts to automakers outside of Hyundai, including Volkswagen and Mercedes-Benz. A new BSA plant is also being built in Spain to supply Volkswagen.
As energy represents a high proportion—more than a third—of production costs, the sharp increase in the price of gas has a huge impact on companies’ profitability, especially in Europe where the price of natural gas has increased by almost 550% from December 2020 to December 2021, according to the World Bank.
While Starlink plays the vital role of keeping key parts of the nation connected to the internet, electric vehicles from Musk’s EV company, Tesla, are also aiding people on the ground. It’s not just the company itself, either. The ongoing conflict in Ukraine has shown the world harrowing images and videos of the war.
As Aptera has moved ever closer to being ready for production, they have been making agreements with several companies who will be supplying their production run, including setting up an agreement with Elaphe Motors for producing in-hub motors in Slovakia. What do you think of the article?
This war will have many long-term consequences, but possibly none more important than its effects on the future of the European energy supply. Rapid severing of Europe’s Russian supplies would create an unprecedented economic and existential emergency on the continent. European gas supplied three-fifths of the continent’s demand.
Citing two US officials familiar with the matter, the publication noted that the Pentagon would likely be using a fund that’s been used to supply weapons and equipment to Ukraine, the Ukraine Security Assistance Initiative.
Amara Raja Energy & Mobility Ltd (ARE&M), a prominent battery manufacturer in India, has inked a technical licensing agreement with GIB EnergyX Slovakia s.r.o., With an expected capacity layout of 300GWh by 2025, the company stands out in the global new energy landscape. In Amara Raja 3.0,
Tesla’s Giga Presses continue to catch on with other automakers shifting to electric vehicles (EVs), as the company’s casting machine supplier has just announced a new contract with Volvo. The collaboration with the brand exemplifies the company’s dedication to driving progress in the industry.”
At the same time, companies like the online travel agency Hopper , which says it uses 70 trillion data points in its pricing prediction model, continue to work the problem from the other side, in a kind of A.I. Hotel supply is primarily in larger urban centers or along interstates,” he added. Finally, A.I.
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