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Volvo Trucks leading market in Europe and in N America for electric heavy-duty trucks

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Volvo Trucks leads the market in Europe and in North America for heavy electric trucks after the first quarter of 2023. Now, its electric product range is being made available in new markets in Asia, Latin America and Africa. The group is also investing in a charging corridor in North America.

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Solvay and Orbia to create JV to supply PVDF to battery market; largest capacity in N America

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Solvay and Orbia have entered into a joint venture framework agreement to create a partnership for the production of suspension-grade polyvinylidene fluoride (PVDF), creating the largest capacity in North America. Solvay, a global leader in PVDF, brings process technology and global market know-how to this venture.

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S&P Global: US faces new challenges meeting increased demand for critical minerals spurred by IRA

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However, ensuring enough qualifying supply to meet that demand faces “considerable challenges,” according to a new analysis by S&P Global. Source: Inflation Reduction Act: Impact on North America Metals and Minerals Market Demand for copper will be 12% higher by 2035 than pre-IRA projections.

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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

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BNEF’s 2H 2022 Energy Storage Market Outlook sees an additional 13% of capacity by 2030 than previously estimated, primarily driven by recent policy developments. The US and China are set to remain the two largest markets, representing more than half of global storage installations by the end of the decade.

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New FIAT 500e EV to come to N America

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At the Los Angeles Auto Show, Olivier Francois, FIAT CEO and CMO global of Stellantis, officially announced plans to offer the fully electric Fiat 500e in North America. The new 500e will arrive in the US market in early 2024. Fiat 500e hatchback (European specification). Earlier post.)

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Mercedes-Benz to launch global branded high-power charging network, starting in North America with €1B investment

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Mercedes-Benz plans to launch a global high-power charging network across North America, Europe, China and other key markets. The aim is to have the full network in place before the end of the decade, when Mercedes-Benz intends to go all-electric wherever market conditions allow.

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GlobalData: Government mandates and infrastructure investments to fuel EV growth globally

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Global EV sales reached 7.7 China is the largest EV market in the world, with annual sales of battery electric vehicles (BEVs) of five million units in 2022. The government’s focus on the promotion and adoption of EVs to reduce pollution is another important factor contributing to the growth of the EV market in China, GlobalData said.

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