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Daimler to split into two pure-play companies: cars & vans, trucks & buses

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Daimler plans a fundamental change in its structure, splitting into two independent pure-play companies: Mercedes-Benz Cars & Vans, and Daimler Truck, which will be a spin-off the current Truck and Bus business. It represents the start of a profound reshaping of the company. This is a historic moment for Daimler.

Companies 497
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Hyundai Motor Group deepens partnership with Grab to accelerate EV adoption in Southeast Asia

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are enhancing their ongoing strategic partnership in mobility services to focus on accelerating EV adoption in Southeast Asia. Hence, the enhanced partnership will focus on addressing some of these barriers by piloting new EV business models such as leasing EVs with a battery-as-a-service model or car-as-a-service model, and EV financing.

Asia 199
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Aqua Metals and Yulho form strategic partnership for sustainable lithium battery recycling in S Korea

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Li-ion battery recycling technology company Aqua Metals ( earlier post ) entered into a strategic partnership with Yulho Co., a storage solution and battery materials company based in South Korea. This deal was arranged by Network 1 Financial Securities and Nexpedia Holdings Co.,

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Mercom: battery storage, smart grid, and efficiency companies raise $210M in VC funding in Q1 2019, down 55.5% YoY

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A combined $210 million was raised by battery storage, smart grid, and energy efficiency companies in Q1 2019—a 55.5% Total corporate funding (including VC, debt, and public market financing) in battery storage came to $130 million in nine deals compared to $110 million in 14 deals in Q4 2018.

2019 170
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Hyundai, Kia invest additional US$250M in Grab; pilot EV projects

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Southeast Asia’s leading O2O (online to offline) mobile platform, announced an agreement under which Hyundai Motor Company and Kia Motors Corporation will invest an additional US$250 million into Grab and establish a partnership to pilot EV programs across Southeast Asia. Hyundai Motor Group and Grab Holdings Inc., —Dr.

Hyundai 236
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Hynfra and Amarenco MENA form strategic partnership to produce hydrogen and ammonia in MENA region

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The strategic partnership is aimed at building infrastructure for the production of hydrogen and its derivatives, primarily ammonia, using electrolysis powered by clean energy resources. The company finances, develops, builds and operates C&I and large-scale solar PV plants across Europe, the Middle East, and Asia.

Hydrogen 150
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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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Energy storage installations around the world are projected to reach a cumulative 411 GW (or 1,194 GWh) by the end of 2030, according to the latest forecast from research company BloombergNEF (BNEF). The “Inflation Reduction Act” will drive roughly 30GW/111GWh of energy storage build from 2022 to 2030, according to BNEF.