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Alstom and MOL to explore use of hydrogen technologies for rail transport in Hungary

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As part of its National Hydrogen Strategy, Hungary has been investigating the feasibility of introducing hydrogen technology to rail transportation. Alstom is a pioneer of hydrogen technology, having introduced the Coradia iLint to the German market in September 2018 ( earlier post ).

Hungary 334
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Schaeffler opens new dedicated e-mobility plant in Hungary; expects €2-3B in annual e-mobility orders from 2022 on

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Automotive and industrial supplier Schaeffler has opened a new production facility at its Szombathely location in the west of Hungary. Construction work on Szombathely II, the Schaeffler Group’s second plant in western Hungary, started in 2020. Jochen Schröder, President of the E-Mobility division of Schaeffler AG.

Hungary 221
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Frost & Sullivan: Li-ion battery materials market to reach $51.60B by 2027 from $18.75B in 2020; 15.6% CAGR

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Frost & Sullivan projects that the global Li-ion battery materials market will reach $51.60 billion in 2020 at a 15.6% The advancements in battery chemistries and technologies, upsurge in electric vehicle (EV) sales, evolving regulatory scenario, and increasing consumer preferences toward EVs are expediting market growth worldwide.

Li-ion 170
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ACEA: EU commercial vehicle registrations: down 23.2% in Q1 2020; -47.3% in March

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In March 2020, demand for new commercial vehicles fell by 47.3% Each vehicle segment was strongly affected by the fallout of the COVID-19 outbreak and all 27 EU markets recorded substantial declines last month. In the first quarter of 2020, the EU commercial vehicle market contracted by 23.2% and Spain saw a 67.2%

2020 259
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Roskill: surge in electrodeposited copper foil projects to meet projected EV demand

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The first half of 2021 has seen a tidal wave of announcements of new electrodeposited copper foil mill projects, as well as second- and third-phase expansions at existing mills, according to market consultancy Roskill. The majority of the projects are targeted at making copper foil for lithium-ion batteries to meet demand from EVs.

Malaysia 225
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SK On signs MOU with Global Lithium Resources to bolster key battery materials supply chain

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SK On ranked ninth in terms of global EV battery market share in 2019, but has shot up to fifth this year. The company, which supplies batteries to automakers including Ford, Hyundai and Volkswagen, currently operates seven factories in the United States, Hungary, China and South Korea and is currently in construction of seven more plants.

Supplies 259
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JATO Dynamics: in decline of Euro new car market, electrified vehicles increase share to almost 13%

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The decline of the European new car market has continued throughout February. As of 29 February, JATO data has shown that the impact of COVID-19 had yet to hit the European automotive market. February 2020 registrations of HEVs were up 46% to 59,000; PHEVs were up 153% to 28,700; and BEVs were up 92% to 38,700 units year-on-year.

Market 221