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BYD and UzAuto to form NEV production JV in Uzbekistan

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The new joint venture company, which will manufacture best-selling NEVs including the DM-i super hybrid models and related parts, is anticipated to be based in Uzbekistan. Founded in 1995, BYD is a leading NEV (plug-in hybrids and battery-electric vehicles] manufacturer.

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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. Luxembourg). The deal includes the intellectual property for the D17 and D20 vehicle models as well as the two wholly owned subsidiaries in Switzerland and Japan.

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

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In 2022, green hydrogen production capacity reached more than 109 kilotons per annum (ktpa) worldwide, representing 44% growth compared to 2021, according to data and analytics company GlobalData. During 2022, over 393 deals related to hydrogen were closed, representing a significant increase compared to 277 deals registered in 2021.

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GM investing $632M in Fort Wayne Assembly for future ICE truck production

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General Motors plans to invest $632 million in Fort Wayne Assembly to prepare the plant for production of the next-generation internal combustion engine (ICE) full-size light-duty trucks. Product details and timing related to GM’s future trucks are not being released at this time. billion since 2013.

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Cummins scaling Belgium electrolyzer manufacturing capacity to 1GW through IPCEI support

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Cummins will expand PEM electrolyzer manufacturing capacity at its Oevel, Belgium, factory to 1 gigawatt with the support from the Important Project of Common European Interest (IPCEI) Hy2Tech program. The expansion in Belgium adds to Cummins’ already scaling global electrolyzer manufacturing footprint.

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ICCT report finds US domestic EV production and investment continues to fall; only 5% of global EV investment to go to US EV assembly plants

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The United States is the third-largest electric vehicle (EV) producer behind China and Europe; a new study from the International Council on Clean Transportation (ICCT) finds that the gap has widened. Cumulative electric vehicle sales and production from 2010 through 2020, in major regions (based on EV-Volumes, 2021). Source: The ICCT.

Global 397
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Porsche strengthens commitment to industrial production of eFuels with $75M investment in HIF Global

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Porsche is investing US$75 million in HIF Global LLC, a holding company of internationally active project developers of eFuel production facilities. In total, an amount in the low nine-figure USD range is flowing into HIF Global LLC. AME remains the majority shareholder of HIF Global LLC. Earlier post.).

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