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Mercedes-Benz acquires electric motor technology company YASA

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Under the terms of the acquisition, YASA will operate as a wholly owned subsidiary of Mercedes-Benz, developing ultra high-performance e-motors, while retaining its own brand, team, facilities and continuing to supply existing automotive supercar customers. YASA’s axial-flux electric motor.

Mercedes 459
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Hyundai Motor targeting 7% of global EV market by 2030; 1.87M BEVs

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In Seoul, Hyundai Motor Company unveiled a strategic roadmap to accelerate its electrification ambition as it pursues sustainable progress for the company. The company also unveiled targets for sales and financial performance to be achieved by 2030. The company earmarked KRW 95.5

Hyundai 370
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Why New Production Sources of Tungsten Are Critical for Increased Global Supply

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This shift is also taking place in other motorized segments including trucks and mining machinery. and global economies with businesses and manufacturers having to close doors and furlough employees, the global trade markets plummeted to an 11-year low of 41.5% New Tungsten Production Will Open the Global Supply Chain.

Supplies 380
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S&P Global: looming shortfalls in copper supply will short-circuit net-zero goals absent significant new supply

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The challenge of meeting Net-Zero Emissions by 2050 “will be short-circuited and remain out of reach” unless significant new copper supply comes online in a timely way, according to a new study by S&P Global that examines the growing mismatch between available copper supply and future demand resulting from the energy transition.

Supplies 243
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Toyota to supply fuel cell modules to European truck company Hyliko

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Toyota Motor Europe’s (TME’s) Fuel Cell Business is looking to expand further into the wider commercial vehicle sector as a means to accelerate the growth of zero emissions hydrogen mobility. Globally, Toyota is already working with multiple truck partners to integrate fuel cell technology in heavy-duty transport. Earlier post.)

Toyota 293
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Hyundai Motor Group signs MOU with SK On to secure EV battery supply for N America

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Hyundai Motor Group signed a memorandum of understanding (MOU) with SK On to secure a supply of EV batteries in North America. Hyundai Motor Group plans to produce various EV models in the United States through Hyundai Motor Alabama Plant (HMMA), Kia Georgia Plant (KaGA), and Hyundai Motor Group New Plant (HMGMA).

Hyundai 199
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Geely and Renault Group to create global powertrain company for advanced hybrid and efficient ICE powertrains

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Geely Holding Group, Geely Automobile Holdings Limited (collectively “Geely”) and Renault Group have signed a non-binding framework agreement to create a new global leader to develop, manufacture and supply best-in-class hybrid powertrains and highly efficient ICE powertrains. —Luca de Meo, CEO Renault Group.

Global 186