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Deutsche Post DHL Group sells StreetScooter production rights to international consortium ODIN Automotive S.à.r.l.

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Deutsche Post DHL Group is selling the rights and know-how for the production of its StreetScooter electric vehicles to the international consortium ODIN Automotive S.à.r.l. In addition, Deutsche Post DHL Group will become a minority shareholder in ODIN. Luxembourg). ODIN Automotive S.à.r.l.,

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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.

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Volkswagen Group to launch battery-electric pick-up and rugged SUV in US under revived Scout brand

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Volkswagen Group will launch an all-electric pick-up and rugged SUV (“R-SUV”) in the United States. The decision of the Board of Management was confirmed by the Supervisory Board of the Volkswagen Group earlier this week. By 1986, International became solely a truck and engine manufacturer and reorganized as Navistar.

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HIF Global, Porsche and Volkswagen Group unveil new direct air capture unit to be installed at eFuels plant in Chile in 2024

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At the IAA Summit in Munich, HIF Global, together with Porsche AG, Volkswagen Group Innovation and MAN Energy Solutions, announced the development and installation of a Direct Air Capture (DAC) unit at the HIF Haru Oni Demonstration facility in southern Chile in 2024. Earlier post.) Earlier post.)

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

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This could have been due to the companies trying to strengthen their core business and diversify the investment risk given the global economic situation. Despite the challenging global economic conditions, the number of investments in low-carbon hydrogen increased from 600 to over 1,700 between Q4 2021 and Q4 2022.

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SAE International and ISO collaborate to update and refine SAE Levels of Driving Automation; SAE J3016

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This latest update to SAE’s Levels of Driving Automation refines the previous version of the Recommended Practice with the addition of several new terms, substantial refinement and clarification of misinterpreted concepts, and restructuring of certain definitions into more logical groupings.

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International Lithium Association (ILiA) established to be the voice of the global lithium industry

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The International Energy Agency (IEA) has estimated that the growth in EVs could see lithium demand increase by more than 40 times by the year 2030. Orocobre Ltd; and Pilbara Minerals, which between them account for well more than half of global lithium production. The five founding members of ILiA are SQM; Ganfeng Lithium Co.,