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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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IEA: key oil trends 2018

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in 2018 compared to 2017, reaching a record total monthly production of over 100 million tons at the beginning of the year and remaining above this for almost all of 2018, according to the IEA. Production from the United States rose to a record high in the third quarter of 2018, and increased by 17.1%

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Hyundai Mobis building third core EV parts plant in Korea

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Hyundai Mobis is building its third core parts plant for electric vehicles in Pyeongtaek, Gyeonggi-do, Korea, following plants in Chungju and Ulsan. Hyundai Mobis’ investment in the Pyeongtaek plant is in line with the company’s strategy of leading the electric vehicle core parts market.

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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 A tech-heavy ESG company mining in the emerging markets is a rare find.

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thyssenkrupp’s water electrolysis technology qualified as primary control reserve in Germany; hydrogen production for the electricity market

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green hydrogen meets the requirements for participation in the primary control reserve market. Operators can now link their plants to the German electricity market via E.ON’s virtual power plant. Plant operators can market their willingness to adapt flexibly to general electricity demand and thus generate additional revenues.

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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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Porsche and Boeing to partner on premium urban air mobility market; electric VTOL concept

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Porsche and Boeing signed a Memorandum of Understanding to explore the premium urban air mobility market and the extension of urban traffic into airspace. With this partnership, both companies will leverage their respective market strengths and insights to study the future of premium urban air mobility vehicles.

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