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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. mtpa low-carbon hydrogen capacity was announced in the US, Denmark, Egypt, Canada, Portugal, and other countries. In 2022, more than 111.9 mtpa active and upcoming capacity combined.

Hydrogen 473
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China’s CALB wants lithium battery factory in Portugal – ET Auto

Baua Electric

Chinese manufacturer CALB is planning on building a lithium-ion battery factory in Portugal, the APA Portuguese environment agency said on Monday. Portugal has the largest reserves in Europe of lithium, the main element in the batteries that power electric cars. The two billion-euro (USD 2.2

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Galp and Northvolt establish JV for lithium conversion plant in Portugal; initial annual capacity of 35,000 tons of lithium hydroxide

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Portugal-based energy company Galp and Sweden-based battery manufacturer Northvolt have agreed to set up a joint company, Aurora, that aims to become a steppingstone for the development of an integrated lithium-battery value-chain aligned with Portuguese and European ambitions. —Paolo Cerruti, Co-Founder and COO of Northvolt.

Portugal 170
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Snam invests €33M in electrolyzer manufacturer ITM Power

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The subscription of the shares as part of the ITM Power capital increase will take place in cash, using Snam’s financial resources. Several European countries, including France, Germany, Italy, the Netherlands, the United Kingdom, Portugal and Spain, have already prepared or announced the launch of plans to develop hydrogen.

Power 243
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Northvolt to build 100 GWh/year cathode material plant in Sweden; reusing shuttered pulp and paper mill

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Northvolt will develop the site into a manufacturing plant for active material and battery cells, reusing and refurbishing much of the existing facilities and site infrastructure. The factory is expected to start the first part of its operations in late 2024 and will employ up to 1,000 people, utilizing 100% clean energy from the region.

Sweden 443
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Stellantis-Leapmotor announces global expansion, to enter India by Q4 of 2024 | Autocar Professional

Baua Electric

Carlos Tavares, Stellantis’ global CEO, has announced that Leapmotor will enter the Indian market in Q4 of 2024 as part of Leapmotor International’s global expansion strategy. So, we are entering the execution part of our deal.” The brand will be sold across 200 dealerships in the region.

India 52
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JATO: global vehicle sales fall by 39% in March; electrified vehicles up to 17.4% new registration market share in Europe

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The outbreak of COVID-19 has already impacted the automotive industry significantly, according to JATO Dynamics, a leading provider of global automotive data and insight. Global vehicle sales totalled 5.55 —Felipe Munoz, JATO’s global analyst. million units in March 2020, down by 39% from March 2019. million units.

Europe 261