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Groupe Renault creating first European factory dedicated to the circular economy of mobility in Flins

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Groupe Renault is creating the REFACTORY in Flins, the first European circular economy site dedicated to mobility. The ReFactory aims to achieve a negative carbon balance by 2030—an objective in line with the Group’s ambition to achieve carbon neutrality in Europe by 2050.

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BMW Group secures CO2-reduced steel for global production network

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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.

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BMW Group begins production of small-series hydrogen-powered iX5

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The BMW Group is commencing production of its BMW iX5 Hydrogen model. Fuel cells don’t require any critical raw materials such as cobalt, lithium or nickel either, so by investing in this type of drive system we are also strengthening the geopolitical resilience of the BMW Group.

BMW 542
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Hyundai Motor Group, Aramco and KAUST collaborate on new e-fuel for novel combustion system

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Hyundai Motor Group will collaborate with the Saudi Arabian Oil Company (Aramco) and King Abdullah University of Science and Technology (KAUST) jointly to research and develop an advanced fuel for an ultra lean-burn, spark-ignition engine that aims to lower the overall carbon dioxide emissions of a vehicle.

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

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—Andres Angulo, Energy Analyst at GlobalData Despite the high number of partnerships formed between companies as compared to government agencies, investing and raising capital were of the utmost importance to developing the hydrogen economy in 2022. Last year, mergers and acquisitions (M&A) deals reached $24.4 million to over $3,001.1

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SK Group to invest $1.5B in Plug Power; strategic partnership and JV to accelerate H2 economy in Asia

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a leading provider of hydrogen fuel cell and fueling solutions enabling e-mobility, and SK Group, one of the leading South Korean business groups, intend to form a strategic partnership to accelerate hydrogen as an alternative energy source in Asian markets. Under the terms of the investment, a US subsidiary of SK Group will make a $1.5-billion

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BMW Group creates closed recycling loop for high-voltage batteries in China

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The raw materials obtained in this way are then used in production of new battery cells for the BMW Group. The BMW Group will expand its recycling concept in China in the future—which will not only contribute to environmental protection, but also effectively support China’s transition to a low-CO 2 economy.

BMW 317