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EIA expects new production milestones for US crude oil amid sustained global petroleum demand and rising prices

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The US Energy Information Administration (EIA) expects US crude oil production to surpass 12.9 In its August Short-Term Energy Outlook (STEO), EIA forecasts US crude oil production to average 12.8 In its August Short-Term Energy Outlook (STEO), EIA forecasts US crude oil production to average 12.8 million b/d, with 1.2

Oil 370
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Tesla publishes Master Plan Part 3; $10.4T for a sustainable global energy economy

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During Tesla’s Investor Day held in March, Elon Musk touched on Tesla’s Master Plan Part 3, which outlines a proposed path to reach a sustainable global energy economy through end-use electrification and sustainable electricity generation and storage. Earlier post.)

Economy 464
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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. In addition, production of the iconic ID. 4’s start-up is on schedule, despite the global challenges during the two-year conversion phase.

Global 435
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BYD and UzAuto to form NEV production JV in Uzbekistan

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The new joint venture company, which will manufacture best-selling NEVs including the DM-i super hybrid models and related parts, is anticipated to be based in Uzbekistan. Strong cooperations with other international enterprises on the development of vehicle electrification is part of the core business strategy.

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Air Products and Cummins partner on hydrogen fuel cell trucks; Air Products to convert global 2K truck fleet to H2

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Air Products and Cummins signed a memorandum of understanding (MOU) to work together to accelerate the integration of hydrogen fuel cell trucks in the Americas, Europe and Asia. Cummins and Air Products expect the demonstration phase to begin in 2022. —Seifi Ghasemi, Air Products’ chairman, president and CEO.

Hydrogen 334
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GM investing $632M in Fort Wayne Assembly for future ICE truck production

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General Motors plans to invest $632 million in Fort Wayne Assembly to prepare the plant for production of the next-generation internal combustion engine (ICE) full-size light-duty trucks. Product details and timing related to GM’s future trucks are not being released at this time. billion since 2013.

GM 370
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Kia Georgia to expand to accommodate EV9 production

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Based on the Electric Global Modular Platform (E-GMP), the EV9 delivers a targeted all-electric range of more than 541 km (WLTP). The K5, Sportage, Sorento, and Telluride (excluding HEV and PHEV models) are assembled in the US from US- and globally-sourced parts. and began mass production on 16 November 2009.

Georgia 369