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Tesla publishes Master Plan Part 3; $10.4T for a sustainable global energy economy

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During Tesla’s Investor Day held in March, Elon Musk touched on Tesla’s Master Plan Part 3, which outlines a proposed path to reach a sustainable global energy economy through end-use electrification and sustainable electricity generation and storage. Earlier post.)

Economy 464
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Groupe Renault creating first European factory dedicated to the circular economy of mobility in Flins

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Groupe Renault is creating the REFACTORY in Flins, the first European circular economy site dedicated to mobility. The implementation of this industrial and commercial ecosystem will take place gradually between 2021 and 2024, replacing the production of new vehicles. ISO 14 001 and ISO 9 001 certifications, logistics hub, etc.)

Economy 397
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Juniper Research forecasts on-road hydrogen vehicles to exceed 1M globally by 2027

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A new study from Juniper Research forecasts that the number of hydrogen vehicles in service globally will exceed 1 million in 2027, from just over 60,000 in 2022—substantial growth of more than 1,500%—with the bulk of the deployed vehicles in China and the Far East. —study co-author Olivia Williams.

Hydrogen 474
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Bosch introducing CVT for electric vehicles: CVT4EV

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Bosch is introducing a continuously variable transmission (CVT) with Bosch push belt, specially designed for electric vehicles: the CVT4EV. CVT4EV is a compact variable ratio transmission that supports the performance demands of electric vehicles for a wider audience. CVT4EV electric drivetrain.

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Hyundai Motor and INEOS partnering on driving hydrogen economy forward

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Hyundai Motor Company and INEOS signed a memorandum of understanding to explore new opportunities to accelerate the global hydrogen economy. The agreement also includes the evaluation of Hyundai’s proprietary fuel cell system for the recently announced INEOS Grenadier 4x4 vehicle. Earlier post.) Earlier post.)

Hydrogen 329
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Volkswagen lays out its NEW AUTO strategy: transforming from manufacturer to software-driven mobility provider; Scalable Systems Platform

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Volkswagen Group executives laid out the basics of the new Group strategy “NEW AUTO – Mobility for Generations to Come”, which will see the Group realign from being a from vehicle manufacturer to a leading, global software-driven mobility provider. Over its lifetime, more than 40 million vehicles are projected on this basis.

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Cummins investing more than $1B in US engine manufacturing network

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In addition to recent investments in Fridley, Cummins is investing more than $1 billion across its US engine manufacturing network in Indiana, North Carolina and New York. Hydrogen produced by electrolyzers can power hydrogen fuel cell vehicles and is used in industrial processes like steel production.