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EC approves second major battery innovation project; €2.9B (US$3.5B) from 12 member states

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The project, called “European Battery Innovation” (EuBatIn) was jointly prepared and notified by Austria, Belgium, Croatia, Finland, France, Germany, Greece, Italy, Poland, Slovakia, Spain and Sweden. In 2018, the Commission adopted the Strategic Action Plan for Batteries and has promoted a wide range of initiatives as part of the plan.

Batteries 482
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Tesla casting machine supplier to build Giga Presses for Volvo

Teslarati

Italian casting machine manufacturer IDRA announced a partnership with Volvo in a press release this week, with the company set to install two 9,000-ton Giga Presses at the automaker’s Košice, Slovakia factory. The collaboration with the brand exemplifies the company’s dedication to driving progress in the industry.”

Volvo 131
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EC approves up to €5.2B of public support for second IPCEI in the hydrogen value chain

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The European Commission approved , under EU State aid rules, a second Important Project of Common European Interest (IPCEI) to support research and innovation, first industrial deployment and construction of relevant infrastructure in the hydrogen value chain. The Member States will provide up to €5.2 The Member States will provide up to €5.2

Hydrogen 195
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European Commission approves up to €5.4B of public support for IPCEI Hy2Tech; 41 hydrogen projects

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The European Commission approved , under EU State aid rules, an Important Project of Common European Interest (IPCEI) to support research and innovation and first industrial deployment in the hydrogen technology value chain. The Member States will provide up to €5.4 billion in public funding, which is expected to unlock additional €8.8

Hydrogen 293
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Kia outlines its path to achieving carbon neutrality by 2045; full electrification in major markets by 2040, in Europe by 2035

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Kia is also working with its suppliers to reduce carbon emissions from the parts supply stage. A key element to this plan is the use of green steel, as the steel industry has traditionally been one of the biggest global carbon emitters.

Kia 395