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OMV says it will stop oil and gas production by 2050 in transformation to net-zero

Green Car Congress

In keeping with this strategic shift of business, OMV will reduce its oil and gas production by around 20% by 2030 and will completely cease oil and gas production for energy use by 2050. Driven by Asian markets, global demand for virgin polyolefins is expected to grow above global GDP by 2030.

Oil 465
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Ford investing £150M in Halewood plant to scale up EV portfolio

Green Car Congress

Building on its commitment to grow an all-electric vehicle range, Ford has invested a further £125 million in its Halewood Plant, on Merseyside in the UK—increasing capacity by 70%—plus £24 million in the supporting E:PRiME product development center. billion (US$2.6 billion) annually.

Ford 434
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TECO 2030 aims to build hydrogen fuel cell gigafactory in Norway

Green Car Congress

TECO 2030 ( earlier post ) is aiming to establish Norway’s first large-scale production of fuel cells, optimized to be the heart of hydrogen-powered ships and other heavy-duty installations. This will be the first volume production of fuel cells in Norway and a hub for the Norwegian hydrogen industry. gigawatt, per year.

Norway 468
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Rock Tech Lithium breaks ground on Guben converter; battery-grade LiOH for Mercedes-Benz battery suppliers starting in 2026

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Lithium hydroxide monohydrate (LiOH⋅H 2 O) is a crucial precursor for the production of lithium-ion battery cathode material. Under the supply agreement, the two companies will cooperate to create a roadmap for achieving net carbon-neutral production of lithium hydroxide by the end of 2030. Earlier post.)

Mercedes 221
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Stellantis-Leapmotor announces global expansion, to enter India by Q4 of 2024 | Autocar Professional

Baua Electric

Carlos Tavares, Stellantis’ global CEO, has announced that Leapmotor will enter the Indian market in Q4 of 2024 as part of Leapmotor International’s global expansion strategy. The company is likely to introduce models from the A to C segments, and add more MPVs, SUVs and hatchbacks in future.

India 52
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ZF has begun delivery of cubiX software for intelligent chassis control

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In the beginning of 2023, the first production vehicles with the new ZF cubiX software have been rolling on the roads: The Lotus Eletre electric SUV from the Geely Group has been delivered to the first customers since February. Further production start-ups of the innovative ZF software will follow from 2023.

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Ford launches production of 1.0-liter EcoBoost engine; could reach 1.3M units per year worldwide in future

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Ford President and CEO Alan Mulally launched volume production of Ford’s smallest gasoline engine—the 1.0-liter, The engine also will feature in the Ford C-MAX, and in the new Ford B-MAX, which enters production in 2012. Further global applications for both the 125PS and 100PS variants will be announced by Ford later.

Ford 268