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Nippon Steel to invest in Canadian coal company; steelmaking coal offtake agreement

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EVR), which will be spun-off from Teck as an independent publicly-listed Canadian company and will own and operate the steelmaking coal business previously conducted by Teck. The remainder of Teck’s business will be spun-off as the independent company Teck Metals, which will focus on base metals production.

Coal 273
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BYD, Toyota to establish joint company for battery-electric vehicle research and development

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BYD Company Ltd. and Toyota Motor Corporation signed an agreement to establish a joint company to research and development for battery-electric vehicles (BEVs). Additionally, BYD and Toyota plan to staff the new company by transferring engineers and the jobs currently involved in related R&D from their respective companies.

BYD 283
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Sumitomo to develop ammonia-fueled bulker with Oshima, explore ammonia fuel business with Keppel

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Sumitomo Corporation will launch a full-scale project to design and develop an ammonia-fueled dry bulk carrier jointly with Oshima Shipbuilding Co., Oshima Shipbuilding has been manufacturing and selling dry bulk carriers jointly with Sumitomo Corporation since 1973. Speed is to be 14.3

Fuel 259
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SK IE Technology to supply separators for EV batteries to Sunwoda

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Shanghai Automotive Industry Corporation Motor, Volvo Cars, and Volkswagen. According to the MOU, both companies agreed to communicate actively about expanding the supply of separators with technological capabilities, quality, and price competitiveness in the future. Sunwoda, founded in 1997, began its EV battery business in 2008.

Supplies 199
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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Oil (..)

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Toshiba making SCiB battery business an independent unit; higher energy density batteries with titanium niobium oxide anodes for EVs

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Toshiba Corporation is taking its SCiB rechargeable battery business from Toshiba Infrastructure Systems & Solutions Corporation (TISS) to make it an independent business unit within Toshiba. Positioning the business as an independent operation will remove layers of management and allow for more rapid decision making.

Batteries 247
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Allison Transmission makes strategic equity investment in Jing-Jin Electric Technologies

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Along with Allison, FAW Group Corporation of Changchun, Jilin, China, will also participate as a strategic investor in JJE’s IPO, according to the IPO announcement from the Shanghai Stock Exchange. US$42 million). Earlier post.).