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Thailand’s EV industry growing rapidly

Green Car Congress

According to the Electric Vehicle Association of Thailand, the number of companies that are part of Thailand’s electric vehicle industry has risen significantly since 2015, from 76 to 420 in 2019. million units in 2018. Thailand is making great progress in the area of sustainable mobility.

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Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

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Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. Benchmark’s analysis shows that the expansion of the global lithium industry will need $51 billion of investment. Cathodes and anodes.

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BMW Group founds company to develop and distribute innovative robots and management software for logistics solutions

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The name “IDEAL” stands for Industry-Driven Engineering for Autonomous Logistics. We are becoming a provider of logistics robotics beyond the automotive industry. Since 2015, the innovations team from BMW Group Logistics has been working on future-focused industry 4.0 —Jimmy Nassif, CTO IDEALworks GmbH.

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Northvolt acquires US Li-metal battery company Cuberg; next-gen battery cells for electromobility

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European battery-maker Northvolt has acquired Cuberg , a US-based battery technology company delivering high-performance lithium-metal cells produced on existing lithium-ion manufacturing lines for electromobility solutions. Department of Energy, and the TomKat Center at Stanford. —Peter Carlsson, CEO and Co-Founder, Northvolt.

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CCM: China Li-ion industry booming; domestic outputs triples in 2015 to 15.7 GWh

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Over the past five years, the growth of electrochemical energy storage market in China has outpaced that of the global market, with a CAGR (2010-2015) of 110%—six times as high as that of the global. The power Li-ion battery industry and related industries have become cash cows. million in 2015, up by 3.13% year-in-year.

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EV AI software company Electra Vehicles raises $21M in a round led by United Ventures with participation from Stellantis

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Electra Vehicles , a B2B electric vehicle AI software company headquartered in Boston that produces Cloud and onboard software to optimize the performance of electric vehicle battery systems, raised $21 million in an oversubscribed investment round. Existing investors LIFTT S.p.A., Since raising an investment round of $3.6

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Occidental Petroleum and Chevron invest in direct air carbon capture and synthetic fuels company Carbon Engineering

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CE) has received equity investment from two global energy companies: Oxy Low Carbon Ventures, LLC (OLCV), a subsidiary of Occidental Petroleum Corporation; and Chevron Technology Ventures (CTV), the venture capital arm of Chevron Corporation. since 2015. Canada-based Carbon Engineering Ltd. (CE) —Steve Oldham, CEO of CE.

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