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

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Hydrogen development, given its application across various industries, is indispensable to attaining energy transition, meeting decarbonization goals, and positioning leading companies as market experts. During 2022, over 393 deals related to hydrogen were closed, representing a significant increase compared to 277 deals registered in 2021.

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Nornickel presents market review of nickel and platinum group metals

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Russia-based Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, presented its eleventh review of the nickel and platinum group metals (PGM) markets based on the fundamental analysis of world economic and industry data. Platinum Group Metals (PGM). Mt to 3.22

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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. Around 70% of the Group’s BEV deliveries went to its home region of Europe. BEVs made up 6.9% of total deliveries in this period, compared with 5.2% 5 41,900 Volkswagen ID.3

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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. Japan is the next market to follow. —Gesa Reimelt, Head of E-Mobility Group Daimler Trucks & Buses. The focus of activities is currently on the United States and Europe.

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

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Under the new plan, the company aims to boost annual global BEV sales to 1.87 million units and secure 7% of global market share by 2030 by strengthening its line-up with 17 new BEV models by 2030; 11 for Hyundai models and 6 for Genesis luxury brand. The innovation will be expanded to global plants in the future.

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