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Under the new plan, the company aims to boost annual global BEV sales to 1.87 million units and secure 7% of globalmarket share by 2030 by strengthening its line-up with 17 new BEV models by 2030; 11 for Hyundai models and 6 for Genesis luxury brand. The innovation will be expanded to global plants in the future.
Magna continues its growth in electrification with secondary eDrive systems hitting the market in Asia, Europe and North America on Volkswagen’s MEB platform. HME is the global supplier of secondary eDrives for Volkswagen’s all-wheel drive MEB models with power greater than 185 kW. The HASCO Magna Electric Drive Systems Co.,
UK-based Expleo, a global engineering, technology and consultancy service provider, has developed a closed-loop fuel solution for global shipping that delivers a 92% reduction in greenhouse gas emissions (GHGe) in the model vessel. Bibby Wavemaster 1, the model vessel.
The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. million b/d since the start of 2020, contributing 184,000 b/d to the global decline in 2021. million b/d in 2022 and by an additional 1.6
Volkswagen is expanding its global production network for electric vehicles by now starting to make the all-electric ID.4 As a result, Volkswagen is creating the conditions in 2022 for building 1.2 As a result, Volkswagen is creating the conditions in 2022 for building 1.2 Following its market launch in early 2021, the ID.4
Canada has released a list of 31 minerals considered critical for the sustainable economic success of Canada and its allies—minerals that can be produced in Canada, are essential to domestic industry and security and have the potential to support secure and resilient supply chains to meet global demand. —Seamus O’Regan Jr.
In a new report , Deloitte forecasts that the clean hydrogen market will top the value of the liquid natural gas trade by 2030 and grow further to US$1.4 To achieve climate neutrality by 2050, the clean hydrogen market capacity can grow to 170 million tons (MtH 2 eq) in 2030 and to 600 MtH 2 eq in 2050. trillion per year by 2050.
Cummins and Canada-based Buhler Industries , a leading tractor manufacturer under the Versatile brand, signed a letter of intent for plans to integrate the Cummins 15-liter hydrogen engines in Versatile’s equipment to lead the decarbonization of the agriculture market. —Adam Reid, Versatile’s Vice-President of Sales and Marketing.
Unifrax, a global manufacturer of high-performance specialty materials, plans to build its first large-scale SiFAB (silicon fiber anode material) manufacturing line at its north central Indiana facility. The Indiana plant will be the first to begin building SiFAB long-term manufacturing capacity.
The International Council on Clean Transportation (ICCT) just dropped its third annual Global Automaker Rating, showing that Chinese carmakers dominate the zero-emission vehicle (ZEV) space. China now accounts for over 11 million EVs sold annually – over half of global EV sales. ” India’s Tata Motors also hit a turning point.
Hyundai Motor Group (HMG) entered into an agreement with the State of Georgia to build its first dedicated full electric vehicle and battery manufacturing facilities in the US. Through the battery manufacturing facility, the Group also aims to establish a stable supply chain and build a healthy EV ecosystem in the US.
A new report sponsored by ABB Robotics and authored by the automotive intelligence unit of Ultima Media auggests that concerns over EV battery supply to meet the escalation in demand poses serious risk to the growth of market share of electric vehicles, despite plans for 80 new global battery gigafactories. —Tanja Vainio.
Hyundai Motor Company plans to ramp up the US commercial vehicle market entry with XCIENT Fuel Cell trucks. Our ultimate goal is to fight climate change and build a sustainable future. We are running out of time to limit global warming. million km as of 30 April 2022.
Our ambition is to build an advanced innovation center combined with a giga factory, meaning that we will produce fuel cells with a capacity of 1200 megawatts, or 1.2 We combine a best-in-class fuel cell solution with a long history of being a trusted engineering partner to leading companies in the global maritime industry.
A new report from IDTechEX forecasts the solid-state battery market will grow to $8 billion by 2031. The car plug-in market will take the largest share (66%) in 2031, followed by smartphone applications. The car plug-in market will take the largest share (66%) in 2031, followed by smartphone applications. Source: IDTechEx.
Statevolt , a battery startup seeking to build hyperlocal gigafactories, has acquired a 135-acre site in Imperial Valley, California, as the location for its 54 GWh Gigafactory. Earlier post.) The CTR team has more than 30 years’ experience constructing and managing geothermal operations in the Imperial Valley.
As part of this effort, by the early 2030s every all-new Nissan vehicle offering in key markets—Japan, China, the US and Europe—will be electrified. The company’s electrification and emissions reduction efforts support the aims of the UN Paris Agreement on climate change and global progress toward carbon neutrality by 2050.
New Zealand, Brazil and Argentina are among the latest markets added to the Mustang Mach-E stable. Global growth comes as Ford upgrades Cuautitlán Stamping and Assembly Plant—which built the 150,000 th vehicle—to support even more customers.
The plant is another cornerstone of Volkswagen’s global e-mobility push. Volkswagen Anhui is set to become a global hub for e-mobility innovation and a cornerstone of the Group’s decarbonization strategy. Volkswagen Anhui is set to become a global hub for e-mobility innovation and a cornerstone of the Group’s decarbonization strategy.
Japan is the next market to follow. 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.
Ford and Koç Holding had originally signed a non-binding MoU with battery maker SK On to build the battery JV in Turkey. This new joint venture project builds on long-standing business relationships Ford has with both LGES and Koç Holding. LGES aims to expand its global production capacity to 300GWh by the end of this year.
With many transport authorities reviewing their urban planning costs as they continue to deal with the impacts of the global pandemic, Ricardo will demonstrate how data and insight can provide a holistic, detailed picture of air quality for an individual town or city, to enable cost-effective and insight-driven, sustainable mobility solutions.
Chile-based Ensorcia Metals , a specialist in the extraction and transformation of high purity lithium, will invest €200 million to build a lithium hydroxide conversion plant in Europe. Ensorcia holds there the exclusive license to operate the modular DLE technology from its long-standing partner IBAT.
These heterogeneous effects mean that different countries will have differing incentives to abide by the Paris Agreement, which aims to limit global warming below 2 °C relative to pre-Industrial levels. Of course, this logic is correct only from a global planner’s point of view, where the planner puts equal weights across individuals.
The world is in a race to dominate the electric vehicle market—the Europeans have made their Battery Alliance a priority and the Chinese are chomping at the bit. Some experts estimate that the known lithium resource in the Salton Sea can meet more than one-third of today’s global lithium demand. Earlier post.).
of cars on the road globally are electrified, which begs the question: How do we fulfill the promise of EVs to deliver sustainable mobility? It’s clear that we need to create a circular battery economy in order to build a responsible, electrified future.
The global capacity for carbon capture in 2030 is set to increase sixfold from today’s level, to 279 million tons of CO 2 captured per year, according to research company BloombergNEF’s (BNEF) newly released 2022 CCUS Market Outlook. of global emissions. The amount of CO 2 being captured today is 43 million tons, or 0.1%
SpaceXs Starlink constellation expanded with a Falcon 9 launch on May 6, strengthening its role in global connectivity as demand surges and competition intensifies. The satellite broadband market is heating up. Global interest in satellite communications is rising, driven by strategic and commercial needs.
The global auto market is very sensitive to macroeconomic conditions and will be hit hard by the coronavirus and any economic contraction that accompanies it, BNEF says. Early data from the main markets in Asia shows a drop in vehicle sales of 44% for China and 18% for Korea, two of the hardest hit countries.
In February 2022, GTI Energy, S&P Global Commodity Insights and the National Energy Technology Laboratory (NETL) launched the Open Hydrogen Initiative (OHI), a collaboration to further transparency into the environmental impact of hydrogen production and help unlock its full potential as an important driver of energy transitions.
For Umicore this investment represents the final step in establishing a global production presence with battery material value chains that are regionally fully integrated to support its customers in their fast transformation towards sustainable electric mobility.
Topsoe is currently a global leader in hydrogen technology, catalysts, and services that enable efficient production of hydrogen. Development of the automated manufacturing facility that will be the largest of its kind is ongoing. Construction will commence in 2022 in order for the facility to be operational by 2023.
Heliox, a global leader in DC charging systems for medium- and heavy-duty vehicles, announced a supply agreement with PACCAR Parts to support the rollout of PACCAR’s electric vehicles. Heliox will supply mobile 25kW and 50kW chargers to PACCAR’s dealers and customers who are building their electric truck fleets.
The Refining & Marketing business is to become a leading European provider of sustainable fuels, feedstock, and mobility solutions. Driven by Asian markets, global demand for virgin polyolefins is expected to grow above global GDP by 2030. The company can build on a strong position. Refining & Marketing.
These investments allow us to meet customer needs and quickly respond to an evolving market. Additionally, the facility will expand its footprint by 114,000 square feet, which marks the plant’s sixth building expansion since 2003. Toyota Alabama has the capacity to build 900,000 engines annually and represents a nearly $1.5-billion
Building on the design of the E-45 engine released earlier this year, the E-60 model provides 59 kW net output power (67 kW gross power) to help OEMs meet increasing vehicle performance demands and market requirements, broadening the range of applications that can benefit from fuel cell power. road vehicles.
Global oil consumption outpaced oil production for the six consecutive quarters ending with the fourth quarter of 2021 (4Q21), which has led to persistent withdrawals from global oil inventories and significant increases in crude oil prices.
With 790,842 units taking to the roads, the all-electric car market grew by 21% year on year. China led the global electric vehicle (EV) market in terms of volume. of the global PHEV market in January, while the US only took a 4.5% year on year, its market share dipped by 2.8 But which models led the way?
To build on a partnership first announced in October 2022, VinES and Li-Cycle will also continue to explore global recycling solutions for VinFast (also part of Vingroup), the first global electric vehicle (EV) manufacturer in Vietnam and Southeast Asia.
million to build a hydrogen development and test facility at its Shoreham Technical Centre in the UK. It will significantly increase the range of hydrogen and fuel cell services and solutions which can be delivered to Ricardo’s global customers. Ricardo announced an initial investment of £2.5 Earlier post.).
Building on its commitment to grow an all-electric vehicle range, Ford has invested a further £125 million in its Halewood Plant, on Merseyside in the UK—increasing capacity by 70%—plus £24 million in the supporting E:PRiME product development center.
Copper prices plunged 27% to a low of US$4,617/t in late March as the global impact of COVID-19 became apparent, but copper stabilized and then began to rise, completing a full recovery to its January starting point by the end of July. (By 10 December, that dropped back to $7,712/t.) Copper prices since 1 Jan 2020.
The company will build two plants with a total capacity of 2 GW to produce green hydrogen. Establishing the Andalusian Green Hydrogen Valley will position Andalusian ports as global leaders in international green hydrogen corridors and in the supply of new sustainable fuels for maritime transport.
The joint venture will primarily focus on the rapidly growing electric vehicle (EV) market, while continuously serving global consumer electronic and energy storage segments. With this investment in China, we are ideally positioned to serve the world’s largest battery market.
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