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Benchmark: Saudi Arabia is building an EV battery supply chain

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Although the Saudi government has been investing into the EV sector since 2018, the midstream and upstream segments are still in their early stages, Benchmark noted. March 2023: Novonix announced a joint venture deal to build a 30,000 tonne capacity graphite anode materials facility with TAQAT Development, a Saudi energy company.

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ABI Research: 16B ride-hailing trips completed globally in 2017, 24B expected in 2018; 70% in Asia

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ABI forecasts that 24 billion completed trips by the end of 2018. Uber’s withdrawal from the region, however, has helped create extra opportunities for local players, as they look to establish themselves and expand within the region and globally. The Indonesia market was once a three-way race between Uber, GO-JEK, and Grab.

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GM building new center for next-generation battery cell technology

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The Wallace Center will be located on the campus of GM’s Global Technical Center in Warren, Michigan. The facility will build on more than a decade of advanced battery development at GM Research and Development. The facility is expected to build its first prototype cells in the fourth quarter of 2022.

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Brine-to-battery company EnergyX secures $450M funding agreement with Global Emerging Markets

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Lithium and battery technology company Energy Exploration Technologies announced a $450-million investment commitment from Global Emerging Markets (GEM). Founded in 1991, GEM (Global Emerging Markets) is a $3.4-billion billion alternative investment firm with offices in Paris, New York, and the Bahamas.

Global 199
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Adamas: 93% of all xEVs sold in 2018 used permanent magnet traction motors

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In 2018, 93% of all passenger BEVs, PHEVs and HEVs sold globally used permanent magnet (PM) traction motors, an increase of 1% over 2017 penetration rates, according to a model-by-model build-up using Adamas Intelligence’s “ EV Motor Power and Motor Metals Tracker ”.

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Mercedes-Benz to build electric vehicles in 6 plants on 3 continents; global battery network; EQC in 2019

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Mercedes-Benz is in the process of building out hubs for the production of electric vehicles and batteries around the globe. Markus Schäfer, Member of the Divisional Board of Mercedes-Benz Cars, Production and Supply Chain said that Mercedes-Benz will build its electric vehicles in six plants on three continents. Earlier post.).

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Daimler Trucks E-Mobility Group starts global initiative for electric-truck charging infrastructure

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The sooner and more exactly the energy suppliers and power grid operators know what customers’ infrastructure requirements will be, the faster and more efficiently they can build them up. Global electric truck portfolio at Daimler Trucks. Different energy suppliers can use these concepts, significantly reducing their planning time.

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