Remove business
article thumbnail

SK Innovation to spin off battery business and E&P business

Green Car Congress

SK Innovation has decided to spin off its battery production and exploration & production (E&P) business as independent companies. The upcoming spin-off of two businesses will take place in the form of simple division and split-off, wherein SK Innovation will own the entire issued stocks of the new companies. The SK Battery Co.,

article thumbnail

Aramco to explore hydrogen-powered vehicle business with Gaussin

Green Car Congress

The Saudi Arabian Oil Company (Aramco) signed five agreements with leading French companies, including an agreement to explore a hydrogen-powered vehicle business with Gaussin , a pioneer in clean and intelligent transport solutions.

article thumbnail

Embarer’s Eve eVTOL urban air mobility business going public via SPAC

Green Car Congress

Eve UAM, the urban air mobility (UAM) business created by Embraer and established as an independent company in October 2020, has entered into a definitive business combination agreement with Zanite Acquisition Corp., The business combination values Eve at an implied $2.4-billion Embraer S.A., billion enterprise value.

New York 454
article thumbnail

Toyota Europe establishes Fuel Cell Business Group

Green Car Congress

To maximize the opportunities for hydrogen in Europe, Toyota Motor Europe (TME) has established a Fuel Cell Business Group to oversee its hydrogen activities across the region. —Thiebault Paquet, Director of the Fuel Cell Business Group.

Europe 418
article thumbnail

LG Chem spinning off battery business

Green Car Congress

LG Chem plans to spin-off its global battery business. LG Chem will seek approval from an extraordinary meeting of stockholders on 30 October and officially launch the spin-off—tentatively named LG Energy Solution—as a new corporation exclusively in charge of the battery business from 1 December.

Batteries 382
article thumbnail

BP axes jobs and scales back its EV charging business

Electrek

Oil and gas giant BP is slashing jobs at its electric vehicle charging business and pulling out of several markets as its big bet on rapid growth in commercial EV fleets “didn’t pay off,” according to company sources.

Charging 128
article thumbnail

How can businesses survive the ‘cookie apocalypse’?

Innovation News Network

details how businesses can shift away from third-party cookies and adapt to this transition. The post How can businesses survive the ‘cookie apocalypse’? Rob Wild, Digital Director of Europe L.E.K., appeared first on Innovation News Network.

Europe 66