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Toshiba splitting into three companies; first such spin-off scheme for a Japanese company of this size

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Toshiba Corporation intends to split itself into three standalone companies: Infrastructure Service Co. consisting of Toshiba’s Energy Systems & Solutions, Infrastructure Systems & Solutions, Building Solutions, Digital Solutions and Battery businesses; Device Co. New structure: overview of three companies.

Companies 321
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Benchmark: Saudi Arabia is building an EV battery supply chain

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Saudi Arabia’s ambitions for an EV supply chain are part of the diversification of the national economy away from oil, a project guided by the government’s Vision 2030 reform plan announced in 2016. Rabigh Refining & Petrochemical Company will supply feedstock in the form of decant oil. Earlier post.) Earlier post.)

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Northern Graphite closes acquisition of two graphite mines; 3rd largest non-Chinese graphite company

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The acquisitions will provide Northern with 40-50,000 tonnes per year (tpy) of graphite production capacity in Québec and Namibia, which will make it the third-largest non-Chinese natural graphite producing company. the company paid Imerys approximately CDN$17.8 million in lease payments for use of the land and buildings.

Namibia 284
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Hyundai and Kia invest in autonomous vehicle technology company Aurora

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Hyundai Motor Company and Kia Motors Corporation have invested in Aurora to accelerate development of autonomous vehicle technologies. With the new investment, the companies have agreed to expand research to a wide range of models and to build an optimal platform for Hyundai and Kia’s autonomous vehicles. Earlier post.).

Kia 220
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Hyundai Motor Group building new fuel cell system plant in China; first outside of Korea

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Moreover, the Group will work with Chinese companies to participate in the Guangdong government’s hydrogen-related pilot project and initiatives, which will help Hyundai secure a competitive advantage in China’s hydrogen industry.

Hyundai 277
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ITM Power establishing subsidiary to build, own and operate H2 refueling stations

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ITM Power is establishing ITM Motive as a separate, wholly owned subsidiary for building, owning and operating a portfolio of hydrogen refueling stations in the UK. In October 2019, the Company announced the completion of a £58.8-million

Building 210
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FCA to invest $400M to convert idled Indiana transmission plant to build GMET4 engines

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to build the GMET4 engine—the Company’s 2.0-liter liter turbocharged I-4 engine is part of FCA’s Global Medium Engine family. The GMET4 will be a very important engine for us as we look to deliver on the promises we made as part of our five-year plan in 2018. While the 2.0-liter

Indiana 269