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Porsche strengthens commitment to industrial production of eFuels with $75M investment in HIF Global

Green Car Congress

Porsche is investing US$75 million in HIF Global LLC, a holding company of internationally active project developers of eFuel production facilities. Initiated by Porsche and implemented with partners including Siemens Energy and ExxonMobil, production of eFuels from hydrogen and CO 2 using wind energy is expected to start there in mid-2022.

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Porsche and Hydro to cooperate on low-carbon aluminum and battery materials recycling

Green Car Congress

Porsche AG and Norsk Hydro ASA will work together to further reduce the carbon footprint of Porsche’s car models by using low-carbon aluminum and extrusions from Hydro. Hydro will deliver to Porsche and several of Porsche’s component suppliers its low-carbon aluminum offering, Hydro Reduxa 4.0

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Porsche and UP.Labs to build startups tailored for Porsche’s business

Green Car Congress

Porsche is expanding its venturing network by collaborating with UP.Labs, a new model for fostering innovative startups. The startups’ focus will revolve around Porsche’s core activities. The startups’ focus will revolve around Porsche’s core activities. Porsche is investing a sum in the double-digit millions for this purpose.

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Haru Oni e-fuels demo plant in Chile officially opens

Green Car Congress

Chile’s Minister of Energy, Diego Pardow, headed the ceremony where a Porsche 911 was loaded with synthetic fuel. Porsche, one of the partners, contributed with research and an offtake agreement to purchase Haru Oni eGasoline for lighthouse projects such the Porsche Mobil 1 Supercup and the Porsche Experience Centers.

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Porsche, Siemens Energy and partners advance climate-neutral eFuels development; Haru Oni pilot in Chile

Green Car Congress

Porsche, Siemens Energy and partners are developing and implementing a pilot project—the “Haru Oni” project—in Chile that is expected to yield the world’s first integrated, commercial, industrial-scale plant for making synthetic climate-neutral fuels (eFuels). Porsche will be the primary customer for the green fuel.

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Mercedes, Porsche, BMW stocks defy market downturn despite disruptions

Teslarati

The stocks of German luxury automakers, including Mercedes, Porsche, and BMW, have remained strong in recent months despite numerous disruptions. But simultaneously, luxury German automakers have mysteriously not seen the same rapid declines in stock prices, some (Porsche) even increasing in value over the same timeframe.

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Report: Vehicle Supplies Are Climbing Back Up

The Truth About Cars

This is according to a report from Cox Automotive , which stated that the month of February opened with the industry seeing an average new vehicle supply of 80 days. However, the figure still doesn’t match the supply averages seen at the start of 2020. Toyota had the lowest by far with a supply of just 38 days.

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