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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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Daimler Trucks E-Mobility Group starts global initiative for electric-truck charging infrastructure

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The E-Mobility Group of Daimler Trucks & Buses is launching a worldwide initiative to establish a charging infrastructure for battery-electric trucks. —Gesa Reimelt, Head of E-Mobility Group Daimler Trucks & Buses. Global electric truck portfolio at Daimler Trucks.

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Geely and Renault Group to create global powertrain company for advanced hybrid and efficient ICE powertrains

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Geely Holding Group, Geely Automobile Holdings Limited (collectively “Geely”) and Renault Group have signed a non-binding framework agreement to create a new global leader to develop, manufacture and supply best-in-class hybrid powertrains and highly efficient ICE powertrains. —Luca de Meo, CEO Renault Group.

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Volkswagen Group delivers 42% more all-electric vehicles in the first quarter

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Volkswagen Group deliveries of all-electric vehicles (BEVs) rose by 42% in Q1 2023 compared to the prior-year period, which was hit harder by supply chain issues. China was the Group’s second-largest BEV market with deliveries of 21,500 vehicles (global share: 15%). BEVs made up 6.9% 5 41,900 Volkswagen ID.3

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HIF Global, Porsche and Volkswagen Group unveil new direct air capture unit to be installed at eFuels plant in Chile in 2024

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At the IAA Summit in Munich, HIF Global, together with Porsche AG, Volkswagen Group Innovation and MAN Energy Solutions, announced the development and installation of a Direct Air Capture (DAC) unit at the HIF Haru Oni Demonstration facility in southern Chile in 2024. Earlier post.) Earlier post.)

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Hyundai Motor Group’s connected car services reach 10M global service subscribers

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Hyundai Motor Group surpassed 10 million global connected car service subscribers this month. The Group said that this rapid growth supports the acceleration of the Group’s Software-Defined Vehicle (SDV) strategy. The milestone comes one year and 10 months after reaching 5 million subscribers in August 2021.

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

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This could have been due to the companies trying to strengthen their core business and diversify the investment risk given the global economic situation. Despite the challenging global economic conditions, the number of investments in low-carbon hydrogen increased from 600 to over 1,700 between Q4 2021 and Q4 2022.

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