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MagREEsource secures €5M in financing; opening first pilot magnet recycling facility in Grenoble

Green Car Congress

MagREEsource, a 2020 spin-off of the CNRS-Institut Néel that is commercializing processes for recycling rare-earth magnets and then remanufacturing new magnets from the recycled powders, has secured €5 million in financing and has opened its first pilot facility in Grenoble, with a capacity of 50 tons by 2023.

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Cirium: 21 years of airline passenger traffic growth wiped out in 2020

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Global aviation data firm Cirium released its new Airline Insights Review 2020 which reveals the deep impact on aviation of worldwide travel restrictions to curb COVID-19. In comparison to last year, passenger traffic is estimated to be down 67% in 2020. This marks an extraordinary 86% reduction in flights. million flights to just 16.8

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Air Liquide, Idex, STEP, Toyota create HysetCo to promote development of hydrogen mobility in Paris region; 600 Hype H2 taxis by the end of 2020

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HysetCo will make it easier to roll out hydrogen fuel cell vehicles and their recharging infrastructure within the Île-de-France region in order to reach the objective of 600 taxis by the end of 2020. Toyota will deliver an additional 500 Mirais by the end of 2020, which will complete the existing fleet of 100 Hype vehicles.

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European electrolyzer manufacturers commit to boosting capacity tenfold by 2025

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Today, industry agreed to a tenfold increase in electrolyzer manufacturing capacities in Europe. The Joint Declaration also features Commission actions to put in place a supportive regulatory framework, facilitate access to finance and promote efficient supply chains. —Commissioner for Internal Market, Thierry Breton. Background.

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Europe’s Most Financed Luxury Car Brand

EV Info

Latest research from Specialist Car Finance Experts, Forza Finance , has revealed that BMW is the most popular luxury car brand to finance in 16 of Europe’s 44 countries including the UK & Ireland based on finance rather than sales or units. Forza – Car Finance Map of Europe Infogram.

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IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

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IHS Markit is forecasting that global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 will be down 22% (more than 650,000 units) to 2.6 decline in global real GDP in 2020. million units, in the wake of the COVID-19 pandemic. China slowly gaining momentum after shutdown.

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Frost & Sullivan: inductive (wireless) EV charging to grow with 126.6% CAGR 2012-2020

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from 2012 to 2020, with approximately 351,900 units likely to be sold. in Europe, according to the report. The market for inductive charging will grow the fastest in Europe, owing to a number of demonstration projects conducted by government bodies, OEMs, and charging station manufacturers. While in the short-term 3.3

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