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Arkema boosting Kynar PVDF production to meet Li-ion materials demand; targeting €1B in battery sales by 2030

Green Car Congress

France-based specialty chemicals and materials company Arkema announced a 50% increase in its Kynar PVDF fluoropolymer production capacities at its Pierre-Bénite site in order to address the fast-growing demand for materials for lithium-ion batteries. Arkema now aims for sales of at least €1 billion in the battery sector by 2030.

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LG Energy Solution cuts investments after weak earnings

Teslarati

“W e will have to cut capital expenditure considering sluggish EV market conditions and client demand, ” commented Lee Chang-sil, LGES’ Chief Finance Officer. The South Korean battery manufacturer reported an operating profit of 157.3 Legacy automakers have started turning to plug-in hybrid production while EV sales are down.

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

Green Car Congress

The company also unveiled targets for sales and financial performance to be achieved by 2030. Under the new plan, the company aims to boost annual global BEV sales to 1.87 Presentation of Gang Hyun Seo, Executive Vice President and Head of Finance & Accounting Division at Hyundai Motor Company.

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Renault-Nissan Alliance, CEA and FSI to Form Joint Venture to Develop and Manufacture Batteries for Electric Vehicles

Green Car Congress

The Renault-Nissan Alliance, the French Atomic Energy Commission (CEA) and the French Strategic Investment Fund (FSI) signed a letter of intent to set up a joint venture company that would develop and manufacture batteries for electric vehicles, under the patronage of Christian Estrosi, the French Minister for Industry.

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Volkswagen brand to spend more than €9B on electrification over next 5 years; expansion of platform model

Green Car Congress

This number will increase to around 20 by 2025, with planned production set at more than one million units. Work on converting the Zwickau plant to be run exclusively as an electric mobility site is already underway, and in addition the plants in Emden and Hanover will switch to the production of electric vehicles from 2022.

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Abandoned History: Oldsmobile's Guidestar Navigation System and Other Cartography (Part VI)

The Truth About Cars

But behind the layers of finance and paperwork, Guidestar GPS was developed. The show car was production ready, save for the Guidestar. The show car was production ready, save for the Guidestar. The all-new navigation system entered testing in late 1994 and was put into production Oldsmobiles for the 1995 model year.

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Volvo Cars raises US$533M via issuance of preference shares to Swedish investors

Green Car Congress

The share sale follows two bond issues earlier this year, a €500-million (US$521-million) bond to global institutional investors in May, and a further SEK3 billion (US$320 million) to Swedish institutional investors in November. The latest financing move is another step towards Volvo Cars’ long-expressed ambition to act as a listed company.

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