article thumbnail

Volvo Cars global sales up by 43% in May; plug-ins accounted for 23.7% globally

Green Car Congress

Volvo Cars achieved its eleventh consecutive month of sales growth as the company’s global sales increased by 43% in May, compared with the same month last year. In China, where sales returned to growth around this time last year, the company reported a steady increase of 11.7%. Globally, Recharge cars accounted for 23.7%

Volvo 301
article thumbnail

GlobalData: Hydrogen market growth to surge in 2023 despite slowing global economy

Green Car Congress

Hydrogen development, given its application across various industries, is indispensable to attaining energy transition, meeting decarbonization goals, and positioning leading companies as market experts. During 2022, over 393 deals related to hydrogen were closed, representing a significant increase compared to 277 deals registered in 2021.

Hydrogen 473
article thumbnail

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

Green Car Congress

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
article thumbnail

XL Fleet partnering with Curbtender to develop all-electric and plug-in hybrid refuse trucks

Green Car Congress

Under the terms of the agreement, XL Fleet and Curbtender will jointly develop a series of battery electric (BEV) and plug-in hybrid electric (PHEV) commercial trucks for use in waste management applications. XL Fleet Corp. Refuse collection trucks travel 25,000 miles annually on average and contribute around 1.4%

Plug-in 418
article thumbnail

BYD Global Plug-In Car Sales Exceeded 200,000 In January 2024

InsideEVs

The company increased its plug-in car sales by 34% year-over-year.

Plug-in 120
article thumbnail

SK makes strategic investment in clean hydrogen company Monolith; “cyan hydrogen”

Green Car Congress

SK Corp, the holding company of SK Group, has made a strategic investment in Monolith , a US company that has developed a plasma-based process to produce “cyan” hydrogen—between green (via electrolysis using renewable energy) and blue (conversion of methane accompanied by CO 2 capture and storage). Earlier post.).

Hydrogen 468
article thumbnail

Plug Power, Olin JV to produce green hydrogen in 15 ton per day plant in Louisiana

Green Car Congress

Olin Corporation, a leading vertically integrated chlor alkali producer and marketer, and Plug Power Inc., a leading provider of turnkey hydrogen solutions, intend to create a joint venture (JV) to produce and market green hydrogen to support growing fuel cell demand in the global hydrogen economy. The first production plant in St.

Louisiana 243