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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. Top: Steel Dynamics; Center: US Steel; Bottom: HBIS Group.
The E-Mobility Group of Daimler Trucks & Buses is launching a worldwide initiative to establish a charging infrastructure for battery-electric trucks. —Gesa Reimelt, Head of E-Mobility Group Daimler Trucks & Buses. Global electric truck portfolio at Daimler Trucks.
The BMW Group has officially opened its new Additive Manufacturing Campus. The new center brings together production of prototype and series parts under one roof, along with research into new 3D printing technologies, and associate training for the global rollout of toolless production. —Milan Nedeljkovi?
Hyundai Motor Group will acquire a controlling interest in the mobile robot firm Boston Dynamics from Softbank in a deal that values Boston Dynamics at $1.1 The deal came as Hyundai Motor Group envisions the transformation of human life by combining world-leading robotics technologies with its mobility expertise. Hyundai Mobis Co.
The Buick Electra concept vehicle made its global premiere in Shanghai. The all-electric crossover offers a glimpse of Buick’s vision for a new intelligent electric future. It also helps balance chemistry within the individual battery cell groups and conduct real-time battery pack checks to safeguard battery health.
Hyundai Motor Group opened Hyundai Hydrogen World—an exhibition hall dedicated to the fuel-cell electric vehicle, related technologies and energy—at the center of the Century Square in Shanghai. —Byungho Lee, the President of Hyundai Motor Group (China) Ltd. The opening ceremony on Aug. The opening ceremony on Aug.
Hyundai Motor Group (HMG) entered into an agreement with the State of Georgia to build its first dedicated full electric vehicle and battery manufacturing facilities in the US. Non-affiliated Hyundai Motor Group suppliers will invest approximately another $1 billion in the project. billion by 2025 to foster future mobility in the U.S,
Eighteen months after start of construction of its intelligent satellite production and testing center in Taizhou, China, Geely Technology Group has begun mass production of commercial satellites. The first mass-produced satellite made at the satellite plant was developed independently by Geely Technology Group subsidiary, Geespace.
Under an expanded Joint Development Agreement, BMW Group and Solid Power have added a research and development license as a basis for their common next steps. As next step in the long-term industrialisation time line, Solid Power plans to deliver full scale automotive cells to BMW Group for testing purposes in 2023. Earlier post.)
The BMW Group will begin sourcing aluminum produced using solar electricity with immediate effect. Generating the electricity needed to produce primary aluminum, i.e. aluminum obtained directly from the mineral compound alumina, is alone responsible for about 60% of the global aluminum industry’s greenhouse gas emissions.
In a New Year’s message, Hyundai Motor Group Chairman Euisun Chung outlined the company’s strategic direction and commitments for the year 2021 and beyond. Hyundai Motor Group plans to expand its battery electric vehicle lineup from the current eight models to 23 by 2025 and sell 1 million units annually in global markets.
Canada has released a list of 31 minerals considered critical for the sustainable economic success of Canada and its allies—minerals that can be produced in Canada, are essential to domestic industry and security and have the potential to support secure and resilient supply chains to meet global demand. Platinum group metals.
Deutsche Post DHL Group is introducing a global DHL Green Carrier Certification to reward road transport subcontractors for their efforts to become more sustainable. As part of its sustainability roadmap, Deutsche Post DHL Group aims to reduce greenhouse gas emissions to below 29 million tons by 2030 and net-zero by 2050.
Volkswagen is expanding its global production network for electric vehicles by now starting to make the all-electric ID.4 million all-electric vehicles a year based on the MEB in the future at its sites in Europe, the US and China. 4’s start-up is on schedule, despite the global challenges during the two-year conversion phase.
In a public letter , shipping companies DFDS, CMB and Viking Cruises, commodities trader Trafigura, and green group Transport & Environment (T&E) say green hydrogen and ammonia are sustainable and can be produced in sufficient quantities to decarbonise the industry. Globally, €1.4 —Faïg Abbasov, shipping program director at T&E.
The Volkswagen Group’s software company Car.Software Organization will collaborate with Microsoft to build a cloud-based Automated Driving Platform on Microsoft Azure and tp leverage its compute and data capabilities with the goal of delivering reliable and safe automated driving (AD) experiences even faster and on a global scale.
Several organizations, encompassing companies, research labs, and academia, have formed the Hydrogen Opposed Piston Engine Working Group. The Working Group consists of members undertaking research and development in the field of hydrogen combustion in an opposed-piston engine. Mahle Powertrain, Plymouth, MI. Shell plc, London, England.
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. The investments affirm that the future must be electric and there is no turning back for traditional automakers.
Hyundai Motor Group has revealed TIGER (Transforming Intelligent Ground Excursion Robot), the company’s second Ultimate Mobility Vehicle (UMV) ( earlier post ) and the first designed to be uncrewed. TIGER is being developed by Hyundai Motor Group’s New Horizons Studio, headquartered in Mountain View, California.
The BMW Group is hosting the first conference on Quantum Computing for Automotive Challenges. The BMW Group sees its role not only as one member of the quantum computing community but wants to actively network, collaborate and thereby bridge the gap between foundational and applied research.
Russian Rosatom State Atomic Energy Corporation and the EDF Group signed a strategic cooperation agreement in March 2021 to develop green hydrogen in Russia and Europe. We are ready to become one of the key players in the emerging global hydrogen production, transport and consumption market. million customers, 28.1
Under the new plan, the company aims to boost annual global BEV sales to 1.87 million units and secure 7% of global market share by 2030 by strengthening its line-up with 17 new BEV models by 2030; 11 for Hyundai models and 6 for Genesis luxury brand. The innovation will be expanded to global plants in the future.
An important lever for this is the adjustment and realignment of capacity within its global production network. In light of future high investments, especially in electrification and digitalization, we are consistently implementing measures to increase efficiency. An important goal for us is to secure the future of the location.
The BMW Group is systematically pursuing its goal of significantly reducing CO 2 emissions at their source in the supply chain. The BMW Group has now reached an agreement to this effect with the Swedish startup H2 Green Steel (H2GS), which uses hydrogen and only green power from renewable energies for steel production. Earlier post.).
Volkswagen Group of America, Inc. VWGoA) announced Port Freeport as the new major Gulf Coast hub for its future vehicle logistics port operations, in collaboration with Port Freeport and developer PRP and KDC. —Anu Goel, Executive Vice President, Group After Sales & Services, Volkswagen Group of America.
Groupe PSA and Punch Powertrain have signed an agreement to establish a second Joint Venture and to expand their strategic partnership in the field of electrification. The business will initially supply Groupe PSA’s global operations and aims to supply other vehicle manufacturers worldwide.
Instead, the wBMS helps to ensure the scalability of Ultium batteries across GM’s future lineup, encompassing different brands and vehicle segments, from heavy-duty trucks to performance vehicles. —Kent Helfrich, GM executive director of Global Electrification and Battery Systems.
We have always used our wealth of expertise as a global market leader in technical aircraft services to also contribute to reducing the ecological footprint of our industry. In doing so, we can leverage significant savings potential from all aircraft generations.
The Volkswagen Group broke ground for its first cell factory in Salzgitter; production will start in 2025. With immediate effect, responsibility for global battery business is to be held by the newly created company “PowerCo”. Future gigafactory for battery cells at the Salzgitter site: Salzgiga. Standard factory. Unified cell.
To support its accelerated expansion of e-mobility in the coming years, the BMW Group will source lithium from a second leading supplier, US-based Livent. Livent will supply the lithium directly to the BMW Group’s battery cell manufacturers from 2022 on. The value of the multi-year contract will total around €285 million.
Volvo Group Venture Capital AB has invested in Driivz Ltd. , a global EV charging software company which has developed a platform for managing large charging networks for electric vehicles from end-to-end. —Erik Johansson, Investment Director, Volvo Group Venture Capital.
Hyundai Motor Group, Boston Dynamics, Inc. and SoftBank Group Corp. Post-closing, the Group holds an 80% stake in Boston Dynamics and SoftBank, through one of its affiliates, retains the remaining 20% stake. In the field of robotics, the Group aims to develop advanced technologies that enhance people’s lives and promote safety.
Geely Holding Group, Geely Automobile Holdings Limited (collectively “Geely”) and Renault Group have signed a non-binding framework agreement to create a new global leader to develop, manufacture and supply best-in-class hybrid powertrains and highly efficient ICE powertrains. —Luca de Meo, CEO Renault Group.
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. Platinum Group Metals (PGM).
Hyundai Motor Group announced that its dedicated hydrogen fuel cell system brand, HTWO, will make its motorsports debut, providing its fuel cell generator to the ETCR (Electric Touring Car Racing) category. Only vehicles without internal combustion engines are allowed to participate.
The BMW Group will increase e-component production capacity at its manufacturing base in Leipzig with another eight production lines by 2024. The battery cells they will process will be manufactured by external suppliers working to BMW Group specifications. Earlier post.).
Hyundai Motor Group (HMG) will invest more than KRW100 trillion (US$87 billion) over next 5 years—KRW20 trillion (~US$17.4 Through the new EV architecture development system, Hyundai Motor Group will innovate its cost structure for electric vehicles by sharing components in their application to various models.
The technology group Wärtsilä is developing the combustion process in its gas engines to enable them to burn 100% hydrogen fuel. This development is part of the company’s strategy to future-proof its engine technology in line with the global trend towards decarbonization of the energy and marine markets.
Hyundai Motor Group surpassed 10 million global connected car service subscribers this month. The Group said that this rapid growth supports the acceleration of the Group’s Software-Defined Vehicle (SDV) strategy. The milestone comes one year and 10 months after reaching 5 million subscribers in August 2021.
At the IAA Summit in Munich, HIF Global, together with Porsche AG, Volkswagen Group Innovation and MAN Energy Solutions, announced the development and installation of a Direct Air Capture (DAC) unit at the HIF Haru Oni Demonstration facility in southern Chile in 2024. Earlier post.) Earlier post.) This stores the CO 2 long-term.
CATL ) signed a cooperation agreement with Honda Motor in Tokyo to cooperate formally to develop electric vehicles for the future market. In 2016, Honda officially announced its strategy to accelerate electrification: its global sales of the electric vehicles including HEV, PHEV, and EV are to reach 65% of the group in 2030.
Renault Group and Minth Group, a leading global automotive supplier, signed a memorandum of understanding for the creation of a France-based joint venture to produce battery casings.
Mercedes-Benz is transforming its Mercedes-Benz Drive Systems unit and its Stuttgart-Untertürkheim site for an “Electric First” future in the context of Ambition 2039—the company’s path toward carbon neutrality. The site will focus on research, development and production ramp-ups of drive systems.
Euisun Chung, Executive Vice Chairman of Hyundai Motor Group and Under Secretary of Energy Mark W. 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. Kia Motors Corp.
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