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Iveco Group acquires full control of Nikola Iveco Europe

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Iveco Group N.V. Iveco Group N.V. Iveco Group is licensed to access freely and continue developing vehicle control software for the jointly developed battery-electric (BEV) and fuel-cell-electric (FCEV) trucks.

Europe 395
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BMW Group begins production of small-series hydrogen-powered iX5

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The BMW Group is commencing production of its BMW iX5 Hydrogen model. Fuel cells don’t require any critical raw materials such as cobalt, lithium or nickel either, so by investing in this type of drive system we are also strengthening the geopolitical resilience of the BMW Group.

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BMW Group and Solid Power deepen joint development partnership with R&D license and prototype line

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Under an expanded Joint Development Agreement, BMW Group and Solid Power have added a research and development license as a basis for their common next steps. As next step in the long-term industrialisation time line, Solid Power plans to deliver full scale automotive cells to BMW Group for testing purposes in 2023. Earlier post.)

BMW 448
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Volkswagen Group, Siemens invests $450M in Electrify America

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The Volkswagen Group and Siemens are investing $450 million in Electrify America, with a post-money valuation of $2.45 The Volkswagen Group had earlier made a capital commitment of $2 billion through 2026. —Thomas Schmall, Volkswagen Group Board of Management member for Technology and CEO of Volkswagen Group Components.

America 397
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BMW Group announces local production of NEUE KLASSE in China from 2026, new gen 6 battery plant

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—Milan Nedeljković The BMW Group has had a presence in the Chinese market since 1994 and founded the BMW Brilliance Automotive joint venture in May 2003. Over the past 20 years, the BMW Group has continuously expanded its activities in China, and production capacity in Shenyang has increased from 30,000 to 830,000 units.

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Toyota Europe establishes Fuel Cell Business Group

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To maximize the opportunities for hydrogen in Europe, Toyota Motor Europe (TME) has established a Fuel Cell Business Group to oversee its hydrogen activities across the region. —Thiebault Paquet, Director of the Fuel Cell Business Group. The base price in Germany is now €64,000 and offers a 650 km (404 mile) range.

Europe 418
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BMW Group to lead €19.5M HyCET project consortium on hydrogen combustion engine trucks

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The German Federal Ministry for Digital and Transport (BMDV) approved the funding application for the consortium research project HyCET (Hydrogen Combustion Engine Trucks) led by the BMW Group. The other HyCET project partners are DEUTZ AG, DHL Freight GmbH, KEYOU GmbH, TotalEnergies Marketing Deutschland GmbH and Volvo Group.

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