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Top 10 EV battery manufacturers all Asian companies; China accounts for 56% of market, Korea 26% and Japan 10%

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The top 10 global producers of Li-ion batteries for electric vehicles are all Asian companies, according to an analysis posted on the Visual Capitalist. Chinese companies make up 56% of the EV battery market, followed by Korean companies (26%) and Japanese manufacturers (10%).

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Major companies with large fleets release new EV roadmap for car & truck manufacturers

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Members of the Corporate Electric Vehicle Alliance presented top vehicle manufacturers, including Volvo, GM, Daimler and Toyota, with a roadmap for developing the types of electric vehicles that companies plan to acquire in the US over the next five years. million on-road vehicles in the United States.

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PEM electrolyzer company Ohmium closes $45M Series B; quadrupling manufacturing capacity

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PEM electrolyzer company Ohmium International closed a $45-million Series B financing round. The funds will support Ohmium’s rapid growth plan to quadruple hydrogen manufacturing capacity from 500 MW annually to approximately two GW annually by the end of 2022. —Arne Ballantine, CEO of Ohmium International.

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Siemens to expand EV charging manufacturing in US to support rapid market growth

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Siemens will invest and expand the company’s US manufacturing operations to support electric vehicle infrastructure in America. The company will bolster its existing manufacturing footprint of EV infrastructure with the VersiCharge Level 2 AC series product line of commercial and residential EV chargers.

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

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Hydrogen development, given its application across various industries, is indispensable to attaining energy transition, meeting decarbonization goals, and positioning leading companies as market experts. Last year, mergers and acquisitions (M&A) deals reached $24.4 mtpa active and upcoming capacity combined.

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PEUGEOT Cycles introducing new range of connected electric bikes designed and manufactured by startup Beweel

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Companies of all sizes, from the craftsperson making a two-carrier cargo bike a new work tool, to logistics companies looking for a complementary and competitive offer of light vehicles adapted to last-mile delivery. Beweel, for its part, will market the 3 new models of connected bicycles through its own distribution channels.

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onsemi and Magna sign strategic agreements, invest in SiC manufacturing for growing EV market

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Additionally, onsemi’s end-to-end silicon carbide (SiC) manufacturing capability, combined with its ability to ramp production quickly, improves Magna’s vertical integration and simplifies its supply chain to meet the growing demand for its SiC-based products for EVs.