Category: Automotive

  • Alcoa Corporation Reports Second Quarter 2023 Results

    Alcoa Corporation reported second quarter 2023 results that included higher sequential revenue as increased shipments outweighed lower average realized pricing. Second Quarter Generated revenue of $2.68 billion Posted Net loss attributable to Alcoa of $102 million, or $0.57 per share, an improvement of 56 percent sequentially Recorded Adjusted EBITDA excluding…

  • Wärtsilä To Convert Some Stena Line Ferries To Methanol

    Technology group Wärtsilä has been contracted by Swedish ferry operator Stena Line to carry out and convert some of its vessels to operate with methanol fuel. The conversions will include the fuel supply system and engine modifications, as well as integrating the new installations with the ships’ existing systems. The…

  • J.D. Power Study Finds Consumer EV Consideration In Canada Significantly Lags US

    Canada’s electric vehicle (EV) holdouts are digging in their heels, with That’s according to Study,SM released today, which finds that Overall consumer EV consideration in Canada has declined 13 percentage points to 34% from 47% in 2022, and significantly lags EV consideration rates in the US where 61% of consumers…

  • PEUGEOT Cycles Introducing New Range Of Connected Electric Bikes Designed And Manufactured By Startup Beweel

    At the end of 2023 and early 2024, PEUGEOT Cycles will expand its range of electric bikes with several new innovative models benefiting from the best connected technologies. These, through a new dedicated smartphone application, offer users at launch, among other things, adaptive electrical assistance, an anti-theft system, an alarm,…

  • Johnson Matthey Partners With Diffusion Alloys To Boost Supply Chain For Low-Carbon Hydrogen

    Johnson Matthey (JM) and Diffusion Alloys, a specialist diffusion coatings producer, are partnering to scale-up production and enable the increasing demand for low-carbon hydrogen used to reduce global carbon emissions. By partnering, JM and Diffusion Alloys will share their areas of expertise and ensure a robust supply chain for the…

  • Maglev Aero Selects GE Additive’s Addworks To Support Development Of Maglev Hyperdrive Propulsion Platform

    MagLev Aero, which recently emerged from stealth mode with its proprietary MagLev HyperDrive aero propulsion platform for eVTOL aircraft, has selected GE Additive’s AddWorks consultancy team to support the development of additive technologies and materials for the platform. MagLev Aero’s innovation enables a large rim-driven circular rotor that maximizes efficiency…

  • EPA And DOE To Provide More Than $1B To Reduce Methane Emissions From Oil And Gas Sector

    The US Environmental Protection Agency (EPA) and US Department of Energy (DOE) are partnering to provide more than $1 billion in funding to help reduce methane emissions from the oil and gas sector through the creation of the Methane Emissions Reduction Program. This collaboration will leverage EPA and DOE’s shared…

  • Stellantis Signs Offtake Terms With And Invests In Kuniko For Low-Carbon Nickel And Cobalt Sulfate

    Stellantis N.V. and Australia-based Kuniko Ltd announced the signing of a binding offtake term sheet agreement securing a 35% future production offtake of nickel sulfate and cobalt sulfate from Kuniko’s Norwegian exploration projects for a term of nine years. Kuniko’s projects located in Norway are targeting three fundamental metals for…

  • Reliance And Bp Begin Production From 3rd Deepwater Field In India’s KG D6 Block

    Reliance Industries Limited (RIL) and bp p.l.c. have begun production from the MJ field, following testing and commissioning activities. The MJ field represents the last of three major new deepwater developments the RIL-bp consortium have brought into production in block KG D6 off the east coast of India. The start…

  • Imerys And British Lithium Form JV To Accelerate Development Of UK’s Largest Lithium Deposit

    Imerys, a global leader in mineral-based specialty solutions, and British Lithium, a private company having developed a processing route to produce battery-grade lithium carbonate from mica in Cornish granite, have formed a joint venture with the objective of creating the United Kingdom’s first integrated producer of battery-grade lithium carbonate. Imerys…

  • General Motors Acquires Battery Software Startup Algolion

    General Motors has acquired substantially all the assets of Israel-based battery software startup ALGOLiON Ltd. for an undisclosed sum. The acquisition was led by the newly formed Technology Acceleration and Commercialization (TAC) organization, a group within GM that works to identify emerging technology that can support GM’s leadership position in…

  • BASF Co-Locates Battery Materials Plant And Recycling Center In Schwarzheide

    BASF has opened Europe’s first co-located center of battery material production and battery recycling in Schwarzheide, Germany. The inauguration of a production facility for high-performance cathode active materials (CAM) and the unveiling ceremony for a battery recycling plant for the production of black mass represent steps toward closing the loop…

  • ZF Expands Production Of Electronic Components At Its New Monterrey Plant

    ZF continues to expand its production of Advanced Driver Assist Systems (ADAS) technologies with the start of production at its electronics plant in Monterrey, Nuevo Leon. The facility, which employs 120 people, is ZF’s first manufacturing project in the state of Nuevo Leon. Its operation focuses on the manufacture of…

  • DOE Issues Notice Of Intent To Award $2B To Accelerate Domestic Manufacturing Of EVs; Retooling And Refurbishing

    The US Department of Energy (DOE) released a notice of intent (DE-FOA-0003113: Domestic Manufacturing Conversion Grants) to invest $2 billion from the Inflation Reduction Act to accelerate domestic manufacturing of electrified vehicles. These investments are expected to be made available in the coming months. The Inflation Reduction Act (IRA) combines…

  • ZF To Speed Up Transformation To Electromobility And Networked Chassis Technology

    Technology company ZF unveiled its self-developed thermal management system for electric vehicles at its annual Global Technology Day demonstration event. The new system not only offers a more compact design of the drive but can also increase the range of vehicles in winter by up to one third. In combination…

  • Groundbreaking On New BMW Group High-Voltage Battery Assembly Plant In South Carolina

    The BMW Group broke ground for a new high-voltage battery assembly plant in Woodruff, South Carolina. The BMW Group Plant Woodruff will produce sixth-generation batteries to supply fully electric vehicles at nearby BMW Manufacturing in Spartanburg. More than 300 jobs will be created onsite at Plant Woodruff with the opportunity…

  • USDA To Invest Up To $500M To Increase Availability Of Domestic Biofuels Through HBIIP

    The US Department of Agriculture (USDA) plans to invest up to $500 million from the Inflation Reduction Act to increase the availability of domestic biofuels. In December 2022, USDA made available $50 million in Inflation Reduction Act funding to expand the use and availability of higher-blend biofuels through the Higher…

  • Aston Martin Partners With Lucid On EVs

    Aston Martin announced a new supply agreement with Lucid Group for electric vehicle technologies. Access to Lucid’s current and future powertrain and battery technology will be at the center of Aston Martin’s all-new Battery Electric Vehicle (BEV) platform. Aston Martin’s electrification program is a pillar of the brand’s wider Racing.…

  • Toyota, Toyota Tsusho, And Mitsubishi Kakoki To Introduce Thailand’s First Biogas-Derived Hydrogen Production Equipment, Operation To Begin In 2023 – Biogas Derived From Chicken Manure And Food Waste To Help Achieve Carbon Neutrality In Thailand

    Toyota Tsusho Corporation (Toyota Tsusho), and Mitsubishi Kakoki Kaisha, Ltd. (Mitsubishi Kakoki) will introduce biogas-derived hydrogen production equipment for the first time in Thailand. The hydrogen production equipment to be introduced will be manufactured by Mitsubishi Kakoki and installed in Thailand in November 2023 to produce hydrogen from biogas derived…

  • Marubeni To Acquire Stake In Norway-Based Klaveness Dry Bulk AS To Participate In Digitally Driven Dry Bulk Operations

    Marubeni Corporation is pleased to announce that it has agreed with Torvald Klaveness Group, a major Norwegian shipping company, to acquire a stake in Klaveness Dry Bulk AS, Klaveness’ core Panamax-type bulk carrier operating business. Marubeni will execute the investment subject to regulatory clearances to participate in Klaveness’ ship operation…

  • Launch Of Po-Rein Joint Venture In China

    The new 50/50 joint venture between Plastic Omnium and Rein Hytech, a subsidiary of Shenergy Group, is now operational, under the name PO-Rein. The joint venture has for ambition to manufacture and market high-pressure hydrogen storage systems for the Chinese commercial vehicle market. https://www.plasticomnium.com/en/launch-of-po-rein-joint-venture-in-china/

  • Michelin Launches Air X SKY LIGHT MICHELIN Tire

    With Air X Skylight, Michelin is launching at the 54th Paris Air Show, a new radial tire technology intended for commercial aviation, a world first. Lighter than previous generations, its weight has been reduced by 10-20%. This major weight saving is accompanied by better performances over the long term (Landing…

  • Hydro Joins ‘Cleanest Dirt Bike Ever’ Project, Aiming For Near-Zero Carbon Footprint

    Hydro is joining forces with CAKE and Vattenfall for their pioneer project ‘Cleanest Dirt Bike Ever,’ aiming to inspire the industry to minimize its carbon footprint. Hydro will contribute with its low-carbon aluminium, Hydro CIRCAL 100R, and EcoDesign expertise to adapt the motorbike to new aluminium alloys. CAKE and Vattenfall…

  • Rio Tinto Invests To Strengthen Copper Supply In US

    Rio Tinto is investing in its Kennecott operation near Salt Lake City, Utah, to strengthen its supply of copper in the United States by increasing production from underground mining and improving the health of key assets. $498 million1 of funding has been approved to deliver underground development and infrastructure for…