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Delhi Transport Corporation (DTC) signed a definitive agreement with Tata Motors’ fully owned subsidiary, TML CV Mobility Solutions Ltd. for operation of 1,500 electric buses in the city of New Delhi. As part of the agreement, TML CV Mobility Solutions Ltd.
In Tokyo, Subaru Corporation today unveiled its new battery electric vehicle (BEV) SOLTERRA; SOLTERRA will make its US debut at the LA Auto Show later this month. Subaru jointly developed the e-Subaru Global Platform together with Toyota Motor Corporation as a BEV-dedicated platform.
Daimler Truck North America (DTNA) and Sysco Corporation (NYSE: SYY) a leading US foodservice distribution company, have signed a Letter of Intent (LOI) to deliver up to nearly 800 battery-electric Freightliner eCascadia Class 8 tractors by 2026.
With the launch of the enhanced model, Hyundai plans to accelerate the global roll-out of its heavy-duty fuel cell truck. Hyundai Hydrogen Mobility, a joint venture between Hyundai Motor and H2 Energy, is working on the introduction of XCIENT Fuel Cell in other European markets.
Mitsubishi Motors Corporation (MMC) released a first look at the redesigned Mitsubishi Eclipse Cross, the next step in the company’s commitment to delivering a showroom full of new and extensively redesigned vehicles in the United States by the second quarter of 2021. The Eclipse Cross will be the second Mitsubishi PHEV on the market.
sennder, Europe’s leading digital road freight forwarder and Cabot Corporation, a leading global specialty chemicals and performance materials company, transported one of Europe’s first zero-emission cross-border heavy duty loads. Cabot recently announced its ambition to achieve net-zero emissions globally by 2050.
Sumitomo Corporation of Americas (SCOA), the largest subsidiary of Sumitomo Corporation, one of the world’s largest traders of goods and services, has invested in OneH2, a hydrogen fuel company headquartered in Longview, North Carolina. Their solution is both mobile and scalable.
In 2021, global investment in the low-carbon energy transition totaled $755 billion, up 27% from $595 billion in 2020 and just $264 billion in 2011, according to Energy Transition Investment Trends 2022, a new report published by research firm BloombergNEF (BNEF). degrees of global warming.
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. and is an innovation leader with the highest number of patents filed amongst other global automakers.
In February 2022, GTI Energy, S&P Global Commodity Insights and the National Energy Technology Laboratory (NETL) launched the Open Hydrogen Initiative (OHI), a collaboration to further transparency into the environmental impact of hydrogen production and help unlock its full potential as an important driver of energy transitions.
Mercom Capital Group, a global clean energy research and communications firm, released its report on funding and mergers and acquisitions (M&A) activity in 2022 for the energy storage, smart grid, and energy efficiency sectors. Corporate funding for energy storage, smart grid, and energy efficiency companies. billion compared to $19.5
TEPCO HD) and Toyota Motor Corporation (Toyota) have developed a stationary storage battery system (1 MW output, 3 MWh capacity) that combines TEPCO’s operating technology and safety standards for stationary storage batteries and Toyota’s system technology for electrified vehicle storage batteries. Tokyo Electric Power Company Holdings, Inc.
At its recent “Kia Sustainability Movement” virtual presentation, Kia Corporation announced a commitment to achieve carbon neutrality throughout its value chain by 2045. Achieving full electrification in major markets by 2040. Rendering of Concept EV9. Earlier post.). Kia aims to electrify its full vehicle line-up in Europe by 2035.
LG Chem plans to spin-off its global battery business. LG Chem will seek approval from an extraordinary meeting of stockholders on 30 October and officially launch the spin-off—tentatively named LG Energy Solution—as a new corporation exclusively in charge of the battery business from 1 December.
This includes an initial order of 100,000 Teslas by the end of 2022 and new EV charging infrastructure across the company’s global 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.
Nidec Corporation announced that its in-wheel motor has been adopted for the first time for ???01(Huan 01(Huan Dian Shou 01), an electric motorcycle released by Yadea Group Holdings Ltd. in October 2021. China’s largest manufacturer specialized in two-wheel vehicles, Yadea has more than 50 million users in 80-plus countries around the world.
As of November 2022, BYD has sold more than 3 million NEVs to global customers. The company cooperates with global OEMs such as General Motors, Sinotruck, MAN, and Isuzu. Collaboration is a core part of the BYD strategy, and it is important to work with other corporations who share the same vision.
Cabot Corporation plans to establish a new technology center in Münster, Germany. In addition, the center will feature advanced testing equipment to provide best-in-class technical application capabilities to serve the battery industry globally.
Airbus and Munich Airport International signed a Memorandum of Understanding at ILA Berlin Air Show to start marketing turnkey solutions to cities and regions interested in developing advanced air mobility (AAM) ecosystems globally. —Ivonne Kuger, Executive VP Corporate Development MAI.
billion) market capitalization, making it the fifth-largest by capitalization. A new name for the merged entity will be selected in due course representing the global reach of the new entity, which will have its head office in Buenos Aires, Argentina, a corporate headquarters on the Australian East Coast and an office in Perth.
Toshiba Corporation, Sojitz Corporation, and CBMM have entered into a joint development agreement for the commercialization of next generation lithium-ion batteries using niobium titanium oxide (NTO) as the anode material. One of the major requirements for rechargeable battery development is greater energy density and faster charging.
Neste Corporation and Marathon Petroleum Corporation (Marathon) announced an agreement to establish a 50/50 joint venture to produce renewable diesel following a conversion project of Marathon’s refinery in Martinez, California (the Martinez Renewable Fuels project ). Earlier post.).
In addition, Embraer has granted Eve a royalty-free license to Embraer’s background IP to be used within the UAM market. As a global aerospace company, with leadership position in multiple segments, we understand that innovation and technology play a strategic role in driving sustainable growth and redefining the future of aviation.
a developer of high-performance functional materials and nanocomposites, signed a definitive agreement to acquire substantially all of the assets and intellectual property, including 67 issued and 22 pending patents, of Optodot Corporation for an aggregate of $48.5 The globalmarket for lithium-ion battery separators was an estimated $5.1
Acura announced that its first all-new full-electric SUV coming to market in 2024 will be named the Acura ZDX. The ZDX is being co-developed with GM utilizing the highly flexible global EV platform powered by Ultium batteries. Acura then will launch additional EV models starting in 2026 based on the company’s own global e:Architecture.
Protean Electric, a leader of in-wheel motor (IWM) technology for passenger cars, light commercial vehicles and future transport solutions, announced a new partnership between Dongfeng Motor Corporation Technical Center and Protean’s joint venture in China, Wuxi Weifu Electric Drive Technology (WFDT).
Toyota Motor and five Chinese OEMs—China FAW Corporation Limited (FAW); Dongfeng Motor Corporation (DFM); Guangzhou Automobile Group Co., FCRD is a company that holds tremendous significance for Toyota's global FC strategies. GAC Group); Beijing Automotive Group Co., BAIC Group); and Beijing SinoHytec Co.,
CE) has received equity investment from two global energy companies: Oxy Low Carbon Ventures, LLC (OLCV), a subsidiary of Occidental Petroleum Corporation; and Chevron Technology Ventures (CTV), the venture capital arm of Chevron Corporation. Canada-based Carbon Engineering Ltd. (CE)
Global specialty chemicals and performance materials company Cabot Corporation launched its new ENTERA aerogel particles portfoli o. —Jeff Zhu, executive vice president and president, Performance Chemicals segment and Asia Pacific region Cabot has a full range of products that serves the EV battery market.
Envisioning the future market environment, uses and technological advancements, Honda is exploring a range of future personal-use models including ones equipped with a power source besides swappable batteries. Suzuki Motor Corporation and Yamaha Motor Co.—have Commuter EMs / EBs. Platform strategy. Battery sharing.
Building on his leadership experience at General Motors and Nikola Corporation, Lie will oversee the development of future Volkswagen vehicles for the North American market, as well as research and development priorities across North America.
In response to the global trend toward decarbonization, the shipping industry is also stepping up its environmental initiatives. of global anthropogenic emissions. In addition, the two companies will explore future collaboration to expand the market for zero-emission vessels in Europe.
This partnership, along with other collaborations with global industry partners, will help address technical barriers and enable progress in hydrogen and fuel cell technologies across applications and sectors. to strengthen cooperation between the two countries to vitalize the global hydrogen economy.
The challenge of meeting Net-Zero Emissions by 2050 “will be short-circuited and remain out of reach” unless significant new copper supply comes online in a timely way, according to a new study by S&P Global that examines the growing mismatch between available copper supply and future demand resulting from the energy transition.
This will be the most sophisticated vehicle that we have ever built and will be a standout in the EV market and on the road. Based on the Electric Global Modular Platform (E-GMP), the EV9 delivers a targeted all-electric range of more than 541 km (WLTP). Best of all, it will be assembled in West Point, Georgia.
With global production strategies underway, Dana has commitments from global OEM customers with deliveries beginning in late 2023. e-Axle production for Freightliner Custom Chassis Corporation electric delivery vehicle.
SafeAI, a global leader in autonomous heavy equipment, announced a collaboration with Siemens today to create an autonomous, zero emission heavy vehicle fleet for Obayashi Corporation. In partnership with pioneers like SafeAI and Obayashi Corporation, we can imagine a more sustainable future for these industries.
Daimler Truck Holding AG, Mitsubishi Fuso Truck and Bus Corporation (MFTBC), Hino Motors Ltd. Hino) and Toyota Motor Corporation concluded a Memorandum of Understanding (MoU) on accelerating the development of advanced technologies and merging MFTBC and Hino.
Plug Power, a provider of turnkey hydrogen solutions for the global green hydrogen economy, and Nikola Corporation, a developer of zero-emissions transportation and energy supply and infrastructure solutions, have entered a strategic relationship focused on moving the hydrogen economy forward.
Australia-based Woodside has signed an agreement with Japanese companies JERA Inc, Marubeni Corporation and IHI Corporation to undertake a joint study examining the large-scale export of hydrogen as ammonia for use decarbonizing coal-fired power generation in Japan.
The partnership’s objective is to deliver a customizable, FAA-certified, hydrogen-fuel-cell system to the global eVTOL marketplace. The global eVTOL market size is forecasted to grow from an estimated $74 million in 2025 to $860 million by 2030, according to new market research. The initial $6.5-million
Unifrax, a global manufacturer of high-performance specialty materials, plans to build its first large-scale SiFAB (silicon fiber anode material) manufacturing line at its north central Indiana facility. The Indiana Economic Development Corporation offered Unifrax up to $1.1 —John Dandolph, president and CEO, Unifrax.
The Government of Canada and the Government of Ontario are each investing $5 million in First Cobalt Corporation to accelerate domestic production of battery-grade cobalt sulfate, a required element needed to produce long-range electric vehicles (EVs).
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