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T&E: two-thirds of European battery production at risk as companies weigh investing in US instead

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More than two-thirds (68%) of lithium-ion battery production planned for Europe is at risk of being delayed, scaled down or cancelled, according to new analysis by the European NGO Transport & Environment. Without this expansion, Europe will not be able to satisfy its battery demand in 2030 and will need to import from foreign rivals.

Companies 430
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Volvo Trucks had 42% market share of heavy-duty electric trucks in Europe in 2021

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New statistics show that Volvo Trucks was the market leader for heavy all-electric trucks in Europe 2021 with a market share of 42%. In 2021 the company took orders, including letters of intent to buy, for more than 1,100 electric trucks worldwide. 16 tonnes) were registered in Europe—an increase of 193% from 2020.

Volvo 455
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TSMC, Bosch, Infineon, and NXP to establish JV to bring advanced semiconductor manufacturing to Europe; €10B investment

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plan to invest jointly ina joint venture—European Semiconductor Manufacturing Company (ESMC) GmbH, in Dresden, Germany—to provide advanced semiconductor manufacturing services. Their reliable availability is also of great importance for the success of the global automotive industry.

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Cepsa to invest €3B in Andalusia to build the largest green hydrogen hub in Europe; additional €2B for renewable power

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Cepsa—the Spain-based multinational oil and gas company—will invest more than €3 billion to establish the Andalusian Green Hydrogen Valley, creating the largest green hydrogen hub in Europe in southern Spain. The company will build two plants with a total capacity of 2 GW to produce green hydrogen.

Hydrogen 397
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Rimac Technology and EVE Energy partner on 46xx battery cell production in Europe

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Rimac Technology, a leading provider of high-performance automotive technology solutions to global OEMs, has partnered with battery maker EVE Energy. The solution meets the stringent demands of the industry offering class-leading energy density, customizable cell-to-pack solutions, and an advanced battery management system.

Europe 301
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Finnish Minerals Group and Beijing Easpring to form JV company to advance €774M CAM plant project

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The parties have now agreed to set up a joint venture company by the end of 2023, of which Beijing Easpring Material Technology will own 70% and Finnish Minerals Group 30%. The CAM plant planned in Kotka and a pCAM plant planned in Hamina will form one of the largest clusters of battery material plants in Europe.

Companies 195
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Daimler Truck and TotalEnergies partner to develop hydrogen ecosystem for transportation in Europe

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In order to develop these projects and to establish hydrogen-based transportation as a viable option, both companies want to jointly investigate the means of reducing the Total Cost of Ownership (TCO) of hydrogen truck operations, in line with their common approach to work together with authorities on the regulatory framework in the European Union.

Hydrogen 393