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Top 10 EV battery manufacturers all Asian companies; China accounts for 56% of market, Korea 26% and Japan 10%

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Chinese companies make up 56% of the EV battery market, followed by Korean companies (26%) and Japanese manufacturers (10%). China-based CATL, the world’s top supplier, expanded its market share from 32% in 2021 to 34% in 2022.

Li-ion 458
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Toyota Motor Manufacturing Turkey to become Toyota’s first European plant to produce plug-in-hybrid vehicles and batteries

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The second-generation Toyota C-HR will be produced at Toyota Motor Manufacturing Turkey (TMMT) in Sakarya—about 150 km east of Istanbul. Toyota is committed to achieving full carbon neutrality in Europe by 2040, and is targeting carbon neutrality in all its manufacturing facilties by 2030. market share.

Turkey 459
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Blue Bird enters commercial vehicle market with flexible Class 5-6 EV chassis

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School bus manufacturer Blue Bird Corporation unveiled a Class 5-6 electric vehicle platform at the 2022 Advanced Clean Transportation (ACT) Expo. The company is building on its nearly century-long expertise of school bus manufacturing to expand its zero-emission transportation solutions to the commercial vehicle market.

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China’s largest electric two-wheel vehicle manufacturer adopts Nidec in-wheel motor

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China’s largest manufacturer specialized in two-wheel vehicles, Yadea has more than 50 million users in 80-plus countries around the world. 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.

Motoring 487
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GlobalData: Hydrogen market growth to surge in 2023 despite slowing global economy

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Hydrogen development, given its application across various industries, is indispensable to attaining energy transition, meeting decarbonization goals, and positioning leading companies as market experts. During 2022, over 393 deals related to hydrogen were closed, representing a significant increase compared to 277 deals registered in 2021.

Hydrogen 473
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DOE awarding $1.16B to 9 battery component manufacturing projects as part of $2.8B funding

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billion to 21 projects to expand domestic manufacturing of batteries for electric vehicles (EVs) and the electrical grid and for materials and components currently imported from other countries. billion will go to 9 projects in the component manufacturing segment of the supply chain. The awardees are: Component Manufacturing (Anode).

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Cummins and Versatile partner to bring 15L hydrogen engines to ag market

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Cummins and Canada-based Buhler Industries , a leading tractor manufacturer under the Versatile brand, signed a letter of intent for plans to integrate the Cummins 15-liter hydrogen engines in Versatile’s equipment to lead the decarbonization of the agriculture market. Cummins M15H.

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