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Hyundai Motor targeting 7% of global EV market by 2030; 1.87M BEVs

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In Seoul, Hyundai Motor Company unveiled a strategic roadmap to accelerate its electrification ambition as it pursues sustainable progress for the company. Under the new plan, the company aims to boost annual global BEV sales to 1.87 Presentation of Jaehoon Chang, President and CEO of Hyundai Motor Company.

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Raven SR & Hyzon Motors to build up to 100 waste-to-hydrogen hubs

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Raven SR , a renewable fuels company, and Hyzon Motors Inc., a global supplier of hydrogen fuel cell-powered commercial vehicles, announced a joint venture to build up to 100 hydrogen hubs across the United States and globally. As a non-combustion process, there is no ash, no slag, build up, or hotspots in the equipment.

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Volkswagen global EV production network grows with launch of second German site in Emden

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Volkswagen is expanding its global production network for electric vehicles by now starting to make the all-electric ID.4 4) and Hanover will also commence production this year. As a result, Volkswagen is creating the conditions in 2022 for building 1.2 In addition, production of the iconic ID. 4 in Emden.

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Bosch begins electric motor production in Charleston; more than $260M in new investment

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Bosch has begun production of electric motors at its Charleston, S.C. Additionally, the company plans to invest more than $260 million to expand further the production of electrification products at the site, which is expected to create at least 350 net new jobs by 2025. manufacturing facility.

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Cadillac CELESTIQ to be built at GM’s Global Technical Center

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General Motors will invest more than $81 million into the company’s Global Technical Center in Warren, Michigan, to prepare the campus to build the Cadillac CELESTIQ ( earlier post ). The investment will be used to purchase and install related equipment to hand-build the CELESTIQ and campus renovation work has already begun.

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Ford, LG Energy Solution, Koç Holding to form JV to build battery gigafactory in Turkey

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Ford Motor Company, LG Energy Solution and Koç Holding signed a non-binding memorandum of understanding (MoU) to form a new joint venture subject to final agreement by all the parties to create one of Europe’s largest commercial electric vehicle battery cell facilities near Ankara, Turkey. Earlier post.)

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Linear Labs to begin mass production of high-torque M200 e-mobility motor in September

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The company will start with an allocation of production that is distributed between itself and several Tier One sub-contractors in order to expedite the manufacturing ramp rate and delivery of motors to early customers. Linear Labs is expecting to manufacture and deliver at least 100,000 M200 motors by the end of 2021.

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