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Delhi Transport Corporation (DTC) signed a definitive agreement with Tata Motors’ fully owned subsidiary, TML CV Mobility Solutions Ltd. for operation of 1,500 electric buses in the city of New Delhi. As part of the agreement, TML CV Mobility Solutions Ltd.
The Hydrogen Heavy Duty Vehicle Industry Group—comprising Air Liquide, Hyundai, Nel Hydrogen, Nikola Corporation, Shell and Toyota—has signed agreements with Tatsuno Corporation and Transfer Oil S.p.A. to industrialize globally-standard 70 MPa hydrogen heavy-duty vehicle high-flow (H70HF) fueling hardware components.
After the first two LNG car carriers entered service in 2020, Volkswagen Group Logistics has now ordered four more ships with dual-fuel engines that can be powered with LNG. The Volkswagen Group has therefore committed to e-mobility as well as to the sustainable production and use of new electric vehicles. million new cars.
Hyundai Motor Group will collaborate with the Saudi Arabian Oil Company (Aramco) and King Abdullah University of Science and Technology (KAUST) jointly to research and develop an advanced fuel for an ultra lean-burn, spark-ignition engine that aims to lower the overall carbon dioxide emissions of a vehicle.
Power management company Eaton’ Vehicle Group has partnered with Ballard Fuel Cell Systems and the Department of Energy’s National Renewable Energy Laboratory (NREL) to develop heavy-duty truck fuel cell technology. —Karl Sievertsen, vice president and chief technology officer, Eaton’s Vehicle Group. —Karl Sievertsen.
Saying that “ investment-grade climate change and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climate change.
Russian Rosatom State Atomic Energy Corporation and the EDF Group signed a strategic cooperation agreement in March 2021 to develop green hydrogen in Russia and Europe. We are ready to become one of the key players in the emerging global hydrogen production, transport and consumption market. million customers, 28.1
Global automotive Tier 1 manufacturer Motherson Group is collaborating with Israeli cleantech company UBQ Materials. The companies are joining efforts to implement the carbon-negative UBQ thermoplastic ( earlier post ) into auto parts manufactured by Motherson Group for the automotive industry. Polymers typically emit 1.9
Hyundai Motor Group (the Group) announced that five key affiliate companies, including Hyundai Motor Company and Kia Corporation, will join Climate Group’s RE100 , a global initiative committed to moving toward 100% renewable energy. More than 300 global companies are participating.
Hyundai Motor Group has launched the Boston Dynamics AI Institute , with the goal of making fundamental advances in artificial intelligence (AI), robotics and intelligent machines. Hyundai Motor Group acquired an 80% controlling interest in Boston Dynamics in 2021. Earlier post.).
The use of artificial intelligence (AI) is a central element of the digital transformation process at the BMW Group. The BMW Group already uses AI throughout the value chain to generate added value for customers, products, employees and processes. The BMW Group’s AI applications should be implemented so they work responsibly.
Hyundai Motor Group plans to set up an electric vehicle (EV) battery cell production joint venture in the US with partner SK On. The Group affiliates Hyundai Motor Company, Kia Corporation and Hyundai Mobis each approved the plan at their respective board meetings.
However, the flurry of announcements from the OEMs could also be interpreted as a high-stakes game of one-upmanship or a corporate PR exercise to boost investor confidence. VW Group stays on the top of the list with a US$100.5-billion Prior to this, Toyota had only a few BEV models manufactured with its Chinese partner GAC Group.
Mercom Capital Group, a global clean energy research and communications firm, released its report on funding and mergers and acquisitions (M&A) activity in 2022 for the energy storage, smart grid, and energy efficiency sectors. Corporate funding for energy storage, smart grid, and energy efficiency companies. billion in 2021.
Daimler Trucks has launched an E-Mobility Group (EMG) comprising all of its electric activities. The Mitsubishi Fuso Truck and Bus Corporation (MFTBC) has already delivered the first models of its fully-electric FUSO eCanter to selected customers in the USA, Europe and Japan.
Euisun Chung, Executive Vice Chairman of Hyundai Motor Group and Under Secretary of Energy Mark W. This partnership, along with other collaborations with global industry partners, will help address technical barriers and enable progress in hydrogen and fuel cell technologies across applications and sectors. Kia Motors Corp.
continued] The post As Tesla Hibernates, Other Electric Trucks Grow Globally (Part 1) appeared first on CleanTechnica. Every truck maker aspired to create its own sleek behemoth with self-driving capabilities, 500 miles hauling distance, and space warping acceleration. It promised to be the next chapter in long-haul freight.
The Volkswagen Group and Ganfeng Lithium Co., Under the agreement, Ganfeng will supply lithium to the Volkswagen Group and its suppliers for the next ten years. Over the next ten years the Volkswagen Group will be launching 70-plus new pure electric vehicles. The global lithium demand is expected to more than double by 2023.
Nidec Corporation announced that its in-wheel motor has been adopted for the first time for ???01(Huan 01(Huan Dian Shou 01), an electric motorcycle released by Yadea Group Holdings Ltd. in October 2021. 01(Huan Dian Shou 01), Yadea’s latest model, is part of the series corresponding to the battery replacement system of Gogoro Inc.,
a global supplier of hydrogen fuel cell-powered heavy vehicles, signed a strategic collaboration agreement with Sojitz Machinery Corporation of America (SMA) to partner in penetrating new markets and exploring the development of new fuel cell-powered commercial mobility applications. Hyzon Motors Inc.,
the component group of Shanghai Automotive Industry Corporation (SAIC), have signed a definitive agreement to form a global automotive interiors joint venture. The new company will be headquartered in Shanghai with global engineering, development and customer centers in the United States, Europe, China, Japan and India.
To promote environmentally-friendly, resource-efficient extraction of lithium, the BMW Group is investing , through its venture capital fund BMW i Ventures, in US startup Lilac Solutions. The BMW Group has made sustainability and resource efficiency central to the company’s strategic direction.
Rio Tinto and Giampaolo Group, one of North America’s largest fully-integrated metal management businesses, have entered into an agreement to form a joint venture to manufacture and market recycled aluminum products. The Giampaolo Group was founded over 50 years ago in Toronto, Ontario with a distinct focus in the recycling industry.
Hyundai Motor Group (HMG) has completed its creation of a global innovation network with the establishment of Hyundai CRADLE Beijing. China is the world’s largest automotive market and has one of the largest start-up cultures globally, making it an ideal location for Hyundai Motor Group’s fifth CRADLE office.
and its strategic Mobile Energy Group (MEG) announced a strategic partnership with the China National Petroleum Corporation Nanjing (CNPC or PetroChina) to begin converting existing fossil fuel gas stations in the city of Nanjing. We are very pleased to be working with Ideanomics’ MEG Group. Ideanomics Inc.
Workhorse Group Inc., Marathon, based in New York, NY, is an opportunistic global credit event-driven manager with approximately $15 billion in assets under management. In addition to closing the Marathon loan facility, Workhorse continues working in partnership with Duke Energy Corporation. —Workhorse CEO Steve Burns.
Chevron Corporation, through its subsidiary Chevron Shipping Company LLC, and the Angelicoussis Group , through its Energy Transition division, Green Ships, announced a Joint Study Agreement (JSA) to explore how tankers can be used to transport ammonia, a potential lower carbon marine fuel.
Toyota Motor and five Chinese OEMs—China FAW Corporation Limited (FAW); Dongfeng Motor Corporation (DFM); Guangzhou Automobile Group Co., GAC Group); Beijing Automotive Group Co., BAIC Group); and Beijing SinoHytec Co., Total initial investment will be approximately ¥5.019 billion (US$46 million).
The Climate Group announced that global pharmaceutical giant AstraZeneca will join its business leadership initiative on electric vehicles, EV100 ( earlier post ); AstraZeneca will switch its 16,000-vehicle fleet to electric by 2030. Companies representing US$900 billion in annual turnover and 2.8
The BMW Group has signed a long-term supply contract worth €2 billion for battery cells with the Swedish company Northvolt. The BMW Group will also source cells manufactured in Europe from the Chinese manufacturer CATL from the plant currently under construction in Erfurt, Germany. —Andreas Wendt.
Global electrolyzer capacity will reach an estimated 3,100 gigawatts by 2050, according to a June 2022 report published by DNV. The group forecasts that electricity-based green hydrogen will be the dominant form of hydrogen production by the middle of this century, accounting for 72% of output.
Four key Hyundai Motor Group affiliate companies—Hyundai Motor Company (Hyundai Motor), Kia Corporation (Kia), Hyundai Mobis, and Hyundai Wia—are now members of Climate Group’s RE100 , a global initiative committed to large corporates moving toward 100% renewable electricity.
Stage 1 Ventures led the round with participation from Air Waves Wireless Electricity and a strategic investment by Mitsubishi Corporation through its US subsidiary, Mitsubishi Corporation (Americas). Mitsubishi Corporation’s investment in WiTricity reflects an innovative vision for the future of smart cities.
Toyota Motor Corporation and Toyota Financial Services Corporation launched a cross-Group virtual organization, Toyota Blockchain Lab, in April 2019. It is also engaging in global collaboration with Group companies, including Toyota Research Institute - Advanced Development, Inc.
The auditing criteria require evidence of material stewardship, such as a holistic lifecycle analysis for the company’s own products and a comprehensive recycling strategy, as well as compliance with standards for transparency, overall management and corporate integrity. The BMW Group has a long tradition of responsible use of aluminum.
Volkswagen Group Components is the central supplier for the first models of the new Volkswagen ID. family and numerous other Group brand models based on the modular electric drive matrix (MEB). The independent corporate business unit is responsible for the development and manufacturing of strategic components for the Group’s brands.
In June we announced our collaboration with the Volvo Group, Hitachi Energy, H2 Green Steel and Nel Hydrogen with the purpose to invest in fossil-free hydrogen in Hofors. At present, global emissions for the industry are estimated at 1700 kg of CO 2 per tonne of crude steel.
Hyundai Motor Group signed a memorandum of understanding (MOU) with SK On to secure a supply of EV batteries in North America. Under the MOU, both parties will cooperate to provide SK On batteries to the Group’s plants in the US after 2025 for the EV production. Further details on the cooperation will be revealed at a later stage.
Japan-based Chiyoda Corporation has been awarded a $2.7-billion PTFI had been in discussions with China’s Tsingshan Holding Group for the construction of the new smelter, but could not reach an agreement with the China-based company. Copper mining and production. Source: European Copper Institute.
Shell Ventures and Sumitomo CorporationGroup have invested in LO3 Energy to support the global development of its blockchain-based community energy networks. Earlier post.).
Mercom Capital Group, LLC, a global clean energy communications and consulting firm, released its report on funding and mergers and acquisitions (M&A) activity for the global Battery Storage, Smart Grid, and Energy Efficiency sectors for the third quarter (Q3) and first nine months (9M) of 2020. billion compared to $1.2
In July, the BMW Group, in collaboration with Amazon Web Services Inc. AWS), called on the global quantum computing community to develop innovative quantum algorithms for four specific industrial challenges and to test them on real quantum computing technologies. The BMW Group is providing €5.1
Various globalcorporations have already committed to invest more than $5 billion to produce green hydrogen in NEOM in the world’s largest hydrogen production plant. A green hydrogen ecosystem will play a role both for the export of renewable energy and for net-zero carbon technologies for power and transportation in NEOM.
The Board of Management and Supervisory Board of Daimler AG has approved a new corporate structure for Daimler AG. Following approval by the Board of Management and Supervisory Board the corporation can now move into the implementation phase of what it calls “PROJECT FUTURE”.
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