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Search Results for: electric vehicles
CMD23: Volkswagen Group Unveils Strategic Realignment and Performance Programs to Boost Profitability and Cash Flow: Priority is value over volume
(IN BRIEF) Volkswagen Group has announced a strategic realignment and the launch of performance programs to enhance profitability and cash flow. At its Capital Markets Day, the Group emphasized leadership principles focused on customer orientation and entrepreneurship. Each brand will … Read the full press release
Michelin Expands Presence in Engineered Fabrics and Films with Flex Composite Group Acquisition
(IN BRIEF) Michelin has announced its agreement to acquire Flex Composite Group (FCG) for an enterprise value of €700 million. FCG is a European leader in engineered fabrics and films, serving industries such as marine, supercars, electric vehicles, sports, and … Read the full press release
Posted in Automotive, Business, Chemicals, France, Industrial, Investment, Management
Tagged acquisition, engineered fabrics, FCG, films, Flex Composite Group, IDI, Michelin, polymer composite solutions
Siemens Introduces Groundbreaking LV Insights X Software to Enhance Grid Capacity in Energy Networks
(IN BRIEF) Siemens has unveiled LV Insights X software, a pioneering solution for managing low-voltage grids. The software enables distribution grid operators to address the challenge of increasing grid capacity while accommodating the rise of decentralized renewable energy and additional … Read the full press release
Increasing Popularity of MAN Lion’s City E: MAN Truck & Bus Leads the Transition to E-Mobility
(IN BRIEF) MAN Truck & Bus is driving the transition to sustainable mobility with its popular all-electric city buses, the MAN Lion’s City E. These buses have gained popularity across Europe for their reliability, range, and comfort. More public transport … Read the full press release
EBRD Drives Sustainable Mining in Greece with €56 Million Investment in Eldorado Gold
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is investing €56 million in Eldorado Gold Corporation to support the development of the Skouries copper and gold mine in Greece. The investment aims to foster a sustainable and inclusive … Read the full press release
E.ON and alpitronic Collaborate to Deploy 4,500 Fast-Charging Stations Across Europe
(IN BRIEF) E.ON and alpitronic have partnered to accelerate the growth of e-mobility by deploying 4,500 additional fast-charging stations across Europe by 2025. With the goal of registering 15 million electric vehicles in Germany by 2030, E.ON is investing in … Read the full press release
Stellantis Invests in Lyten’s Revolutionary Graphene-Based EV Batteries
(IN BRIEF) Stellantis, a global automaker, has made an investment in Lyten, a Silicon Valley-based company known for its innovative 3D Graphene technology. The investment aims to accelerate the development and commercialization of Lyten’s breakthrough Lithium-Sulfur EV battery technology, lightweighting … Read the full press release
Posted in Automotive, Environment, Financial, France, Investment, Technology, Transportation & Logistics
Tagged 3D Graphene™ applications, battery, Carlos Tavares, Dan Cook, decarbonization, EV, graphene, Inflation Reduction Act, Lithium-Sulfur batteries, Lithium-Sulfur EV battery, lower carbon footprint, lowest emissions EV battery, Lyten, mobility, Silicon Valley, Stellantis
Bentley Drives Towards Carbon Neutrality with Launch of Sustainability Council and Publication of Sustainability Report
(IN BRIEF) Luxury automotive brand Bentley has launched its Bentley Sustainability Council, consisting of three experts, as part of its commitment to sustainability. The council will advise the company on its Beyond100 strategy and help achieve carbon neutrality by 2030. … Read the full press release
Posted in Automotive, Business, Energy, Gas & Oil, Environment, Industrial, Management, United Kingdom
Tagged Adrian Hallmark, Bentley, Beyond100 strategy, Dr Andrew Dent, Dr Nicholas Garrett, Dr Sally Uren, sustainability, Sustainability Report, sustainable luxury mobility, The Bentley Sustainability Council, value chain
EnBW opens one of Germany’s largest fast-charging stations with solar canopy
(IN BRIEF) EnBW, a German energy company, has opened a new fast-charging station with a solar canopy near the A7 autobahn. With 32 high-power charging (HPC) points, it is one of the largest fast-charging stations in Germany, and EnBW’s second-largest. … Read the full press release
FAW-Volkswagen Boosts Battery Production with Over 100 KUKA Robots
(IN BRIEF) FAW-Volkswagen is using over 100 KUKA robots to increase battery pack production at its Fo-shan facility in southern China. The MEB Smart Factory produces up to 300,000 battery packs per year for the all-electric MEB platform. The factory … Read the full press release
ArcelorMittal shareholders approve dividend and board member re-elections
(IN BRIEF) ArcelorMittal’s Annual General Meeting and Extraordinary General Meeting have been held, with over 75% of voting rights represented. The meetings approved the distribution of a dividend of US$0.44 per share and re-elected Lakshmi N. Mittal, Aditya Mittal, and … Read the full press release
BMW and E.ON partner to create ‘Connected Home Charging’
(IN BRIEF) BMW and E.ON have partnered on a pan-European scheme for intelligent charging at home. The strategic collaboration aims to create “Connected Home Charging,” a charging ecosystem to connect customers’ electric BMW or Mini vehicles to the energy system … Read the full press release
Posted in Automotive, Business, Germany, Industrial, Infrastructure & Utilities, Management, News, Technology
Tagged BMW, E.ON partnership, Frank Weber, Patrick Lammers, ‘Connected Home Charging’
Škoda Auto Commits to E-Mobility Transformation with Battery System Production Milestone
(IN BRIEF) Škoda Auto has announced the production of 500,000 battery systems at its plant in Mladá Boleslav, which are mounted in MEB vehicles and plug-in hybrid models by Volkswagen Group brands, including Škoda, Volkswagen, Audi and SEAT. The milestone … Read the full press release
Posted in Automotive, Business, Czech Republic, Industrial, Management, News, Technology
Tagged battery, e-mobility, Michael Oeljeklaus, ŠKODA AUTO, transformation
Volkswagen Group Technology Focuses on Scalability and Competitiveness in E-Mobility
(IN BRIEF) Volkswagen Group Technology has announced that it contributed around 40% of the total value added, including a new electric drive generation, for Volkswagen’s new flagship ID.7. The highly efficient drive generation, called APP550, has higher performance and improved … Read the full press release
Posted in Automotive, Business, Germany, Industrial, Infrastructure & Utilities, Management, News, Technology
Tagged APP550, competitiveness, e-mobility, ID.7, Scalability, Thomas Schmall, Volkswagen
Extreme E offsets carbon emissions from Season 2 through purchase of verified carbon standard environmental certificates
(IN BRIEF) Extreme E, the electric off-road racing series, has released its second Sustainability Report in collaboration with EY, revealing its environmental footprint for Season 2. The report shows that the racing series maintained its carbon-neutral status while racing electric … Read the full press release
Volkswagen’s PowerCo to create up to 3,000 jobs in Canadian battery factory
(IN BRIEF) Volkswagen’s battery company, PowerCo SE, plans to build its largest gigafactory in St. Thomas, Ontario, Canada, with an annual production capacity of up to 90 GWh in the final expansion phase. The plant will be PowerCo’s second pillar … Read the full press release
Continental’s Global Test Sites Ready for E-Mobility with Increased Charging Capacities
(IN BRIEF) Tire manufacturer Continental is expanding the electric vehicle charging infrastructure at its three test sites in Arvidsjaur, Jeversen, and Uvalde. The expansion is part of Continental’s strategy to align its in-house development and testing capacities towards electric transportation … Read the full press release
Posted in Automotive, Business, Germany, Industrial, Infrastructure & Utilities, Management, News, Technology
Tagged Arvidsjaur, charging, Continental, e-mobility, electric vehicle tire, Jeversen, Meletis Xigakis, Uvalde, Wolfgang Rötter
ABB’s innovative technology supports sustainable mobility solutions for Germany’s EV market
(IN BRIEF) The ABB FIA Formula E World Championship returns to Berlin’s Tempelhof Airport, the largest EV market in Europe. ABB provides robotics and automation solutions for Germany’s automotive sector and helps establish the country’s EV charging infrastructure. Battery production … Read the full press release
Posted in Automotive, Business, Energy, Gas & Oil, Germany, Industrial, Infrastructure & Utilities, Sports, Switzerland, Technology, Transportation & Logistics
Tagged ABB, ABB FIA Formula E World Championship, ACOPOStrak, automation, B&R, Daniela Lužanin, e-mobility, electric vehicle, EV, EV charging infrastructure, Exacom, Formula E, German Special Olympics, PowerTech Converter, robotics, Tempelhof airport, x-ray inspection units
ArcelorMittal Brazil partners with Casa dos Ventos for 554 MW wind power project in Bahia
(IN BRIEF) ArcelorMittal Brazil has partnered with renewable energy producer Casa dos Ventos to develop a 554 MW wind power project in Bahia, Brazil. ArcelorMittal will hold a 55% stake in the joint venture, with Casa dos Ventos holding the … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Metals and Minerals
Tagged Aditya Mittal, AM/NS India, ArcelorMittal, ArcelorMittal Brazil, Babilonia project, CADE, Casa dos Ventos, electricity, Greenko group, Jefferson de Paula, JV, renewable energy, solar power, steelmaking, wind power
Eni’s Plenitude selects Enosi and Jedlix as winners of Call for Innovation
(IN BRIEF) Eni’s Benefit Corporation, Plenitude, has announced Enosi and Jedlix as the winners of its Call for Innovation. The Call aimed to find innovative solutions to manage the integration and synergies between Plenitude’s renewable energy generation, energy services, and … Read the full press release
Posted in Awards, Business, Energy, Gas & Oil, Environment, Industrial, Italy, Small Business, Technology, Transportation & Logistics
Tagged Archygram, Call for Innovation, e-mobility, ELIS, Energiency, Eni, Enosi, Episensor, Henshin, Jedlix, LVenture Group, Martina Opizzi, One To Zero Challenge, Plenitude, Rabot Charge, renewable energy, scale-ups, SMEs, start-ups, Streem, Tilt Energy, Zerofy
Rheinmetall’s Materials and Trade division wins mid-double-digit million-euro order from Xiaomi for EV components
(IN BRIEF) Rheinmetall’s Castings business unit has won a first order from Chinese firm Xiaomi to produce triangular beams and assembly plates for electric vehicles. The order is worth a figure in the mid-double-digit million-euro range and some 600,000 sets … Read the full press release
Posted in Automotive, Business, Germany, Industrial, Management, News, Technology
Tagged EV components, Rheinmetall, Xiaomi
illimity Bank’s digital arm b-ilty to provide funding for Italian SMEs in new EIB deal
(IN BRIEF) The European Investment Bank (EIB) has signed a €200m deal with illimity Bank to provide funding to small and medium-sized enterprises (SMEs) in Italy. The two banks will mobilize €100m each in 2023 to ensure that SMEs have … Read the full press release
Posted in Banks, Business, European Union, Financial, Investment, Italy, Luxembourg, Small Business
Tagged b-ilty, Corrado Passera, digital bank, EIB, energy efficiency, Gelsomina Vigliotti, illimity, illimity Bank S.p.A., Italian SMEs, renewable energy, SMEs, sustainable mobility, sustainable water, The European Investment Bank, waste management
CTP leases two sustainable warehouse spaces to Valeo and Raben in Prague
(IN BRIEF) CTP, the largest listed industrial and logistics property developer, owner, and manager in Europe by gross lettable area (GLA), has leased two sustainable warehouse spaces in the Czech Republic to Valeo, a French global automotive supplier, and Raben, … Read the full press release
Posted in Business, Czech Republic, Industrial, Infrastructure & Utilities, Management, News, Transportation & Logistics
Tagged CTP, CTPark Cerhovice, Jakub Kodr, Jakub Trnka, Prague, Raben, Tomáš Hejný, Valeo, warehouse
Crédit Agricole acquires 30% stake in Michelin-backed Watèa for low-carbon mobility push
(IN BRIEF) Crédit Agricole Leasing & Factoring has finalized its purchase of a 30% stake in Watèa, a company founded by Michelin, to accelerate low-carbon mobility in Europe. The partnership aims to support the transition to a low-carbon economy and … Read the full press release
MacGregor secures EUR 20 million RoRo equipment deal with Grimaldi Group
(IN BRIEF) Cargotec’s MacGregor has received an order valued at over EUR 20 million for comprehensive RoRo equipment packages for five new Pure Car and Truck Carriers (PCTC) vessels to be built by China Merchant Heavy Industries for Grimaldi Group. … Read the full press release
Uber and bp strike deal to offer EV charging for ride-hail drivers
(IN BRIEF) Oil and gas company bp and ride-hailing platform Uber have signed a deal to collaborate on accelerating Uber’s transition to an all-electric fleet in the US, Canada, and Europe by 2030, and worldwide by 2040. The deal will … Read the full press release
ArcelorMittal’s Joint Venture with Nippon Steel Secures $5 Billion Loan for India Expansion
(IN BRIEF) ArcelorMittal has announced that AMNS Luxembourg Holding S.A., the parent company of its steelmaking joint venture with Nippon Steel Corporation in India, has secured a $5 billion loan agreement with several banks including the Japan Bank for International … Read the full press release
Posted in Banks, Business, Industrial, Luxembourg, Metals and Minerals
Tagged AM/NS India, AMNS Luxembourg Holding S.A., ArcelorMittal, Hazira plant, Japan Bank for International Cooperation, JBIC, Mizuho Bank, Mizuho Bank Europe N.V.., MUFG BANK, Nippon Steel Corporation, steelmaking, Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank
JBIC Facilitates Partnership with ArcelorMittal to Support Japanese Companies in Steelmaking Industry
(IN BRIEF) ArcelorMittal and the Japan Bank for International Cooperation (JBIC) signed an MOU on March 30, 2023, to strengthen their partnership in the steelmaking industry and decarbonization efforts. This agreement builds on their existing relationship, which includes JBIC’s financing … Read the full press release
Volkswagen’s PowerCo and Umicore receive regulatory clearance for European battery materials JV
(IN BRIEF) Volkswagen’s PowerCo and Umicore gain approval for European battery materials venture PowerCo, the Volkswagen Group’s battery company, and Belgian circular technology firm Umicore have secured regulatory approval for their joint venture to produce cathode active materials (CAM) and … Read the full press release
Posted in Automotive, Belgium, Business, Energy, Gas & Oil, Germany, Industrial, Management, News, Technology
Tagged battery, Belgium, cathode active materials (CAM), Germany, partnership, PowerCo, precursor materials (PCAM), technology, Umicore, Volkswagen
Bosch’s Charging Services Set to Expand by 50% Annually by End of Decade
(IN BRIEF) German technology and engineering company Bosch is expanding its electric vehicle (EV) charging network to the Asia-Pacific region, making the charging services available to Maserati’s new electric vehicle, the GranTurismo Folgore. Bosch currently offers its EV charging services … Read the full press release
ACEA reiterates call to accelerate action to secure EU’s industrial base
(IN BRIEF) The European Automobile Manufacturers’ Association (ACEA) is urging EU leaders to prioritize the green transition and protect the EU’s industrial base. Ahead of the European Council Summit, ACEA President Luca de Meo expressed the challenges faced by the … Read the full press release
Posted in Automotive, Belgium, European Union, Industrial, Management, News
Tagged ACEA, Belgium, EU's industrial base, Luca de Meo, secure, Sigrid de Vries
Charging Solutions Provider EVBox Receives Gold Medal Rating on EcoVadis Sustainability Assessment
(IN BRIEF) EVBox, a provider of charging solutions for electric vehicles, has received a gold medal rating from EcoVadis for its sustainability efforts. The rating is based on an evaluation of the company’s policies, actions, and results in the areas … Read the full press release
Posted in Awards, Electronics & Machinery, Environment, Infrastructure & Utilities, Management, Netherlands, Technology
Tagged Award, charging solutions, COC Nederland, Drake & Farrell, EcoVadis, electric vehicles, EVBox, Gold medal rating, Madalina Buzdugan, My Gender My Pride 2022, One Charger Two Lives, sustainability
ABB Robotics invests $20M in Michigan expansion, creating 72 jobs
(IN BRIEF) ABB has commenced construction on an expansion of its North American robotics headquarters and manufacturing facility in Auburn Hills, Michigan. The $20m investment is expected to be completed by November 2023 and is supported by a $450,000 Michigan … Read the full press release
Posted in Business, Electronics & Machinery, Industrial, Investment, Management, News, Switzerland, Technology
Tagged ABB, expansion, Gretchen Whitmer, investment, John Bubnikovich, Michigan, robotics, Sami Atiya, Switzerland
EV Charging Solutions Company EVBox Achieves Halfway Point to One Million Charging Ports
(IN BRIEF) EVBox, a leading provider of electric vehicle (EV) charging solutions, has achieved a significant milestone by shipping 500,000 charging ports to its customers and partners globally. The company aims to deliver one million charging ports to its customers … Read the full press release
ORLEN Group launches its first hydrogen refuelling station in Prague to promote eco-friendly fuel
(IN BRIEF) ORLEN Group has launched a new hydrogen refuelling station at the ORLEN Benzina facility in Prague, which will offer eco-friendly fuel for cars, trucks, and buses in the Czech Republic. Later this year, ORLEN Group will also introduce … Read the full press release
Posted in Czech Republic, Energy, Gas & Oil, Environment, Infrastructure & Utilities, Poland, Retail
Tagged and the European Commission's notification for the 'Hydrogen Eagle' project under the IPCEI mechanism, Barrandov, CEF, Connecting Europe Facility, Czech Republic, Daniel Obajtek, environmentally friendly fuel, hydrogen, hydrogen refuelling station, hydrogen stations, Innovation Fund, Katowice, ORLEN Group, PKN ORLEN, Poznań, Prague, the National Fund for Environmental Protection
EVBox Empowers Businesses to Enter the EV Charging Industry with EVBox Liviqo
(IN BRIEF) EVBox, a leading charging solutions provider, has announced the release of its latest AC charging station, EVBox Liviqo, in summer 2023. The new product will enable commercial spaces, hospitality businesses, and workplaces to easily enter the expanding EV … Read the full press release
Posted in Automotive, Business, Electronics & Machinery, Industrial, Infrastructure & Utilities, Netherlands, Technology
Tagged AC charging station, charging solutions, commercial charging station, electric mobility, electric vehicle charging technology, EV charging, EVBox, EVBox Liviqo, EVBox Livo, EVBox Troniq Modular
Lloyds Bank strengthens EV offerings with Tusker acquisition
(IN BRIEF) Lloyds Banking Group has acquired Tusker, a UK-based vehicle management and leasing firm that specializes in electric and ultra-low emission vehicles, through salary sacrifice schemes. Tusker offers a cost-effective way for employees to lease EVs as part of … Read the full press release
Posted in Automotive, Banks, Business, Financial, United Kingdom
Tagged acquisition, Black Horse, electric cars, electric vehicles, EV, leasing company, Lex Autolease, Lloyds Banking Group, Nick Williams, Paul Gilshan, salary sacrifice cars, Tusker, ULEV, Ultra-Low Emission Vehicles, vehicle management
SEAT invests €3 billion to shift from combustion to electrification, marking 30th anniversary of Martorell factory
(IN BRIEF) SEAT S.A., the Spanish automaker, is marking the 30th anniversary of the inauguration of its Martorell factory with a total investment of €3 billion to transition from combustion to electrification across all areas of its business. The transformation … Read the full press release
Posted in Automotive, Business, Industrial, Investment, Spain, Technology
Tagged Audi A1, Audi Q3, batteries, CUPRA Formentor, electric vehicles, electrification, Leon, Markus Haupt, Martorell, Pamplona, Sagunto, SEAT Cordoba, SEAT Ibiza, SEAT S.A., Small BEV, Volkswagen Group, Wayne Griffiths
Alstom to Enhance Train Safety and Capacity in Czech Republic and Slovakia with latest-generation Level 2 train control and supervision system
(IN BRIEF) Alstom, a global leader in smart and sustainable mobility, has received an order from ČD-Telematika to supply European Train Control System (ETCS) Level 2 for 7 Pendolino vehicles of Line 680 and 66 electric vehicles of Line 471 … Read the full press release
Posted in Business, Czech Republic, Environment, France, Industrial, Infrastructure & Utilities, News, Slovakia, Technology, Transportation & Logistics
Tagged Alstom, ČD-Telematika, Dan Kurucz, electric vehicles, ETCs, ETCS system, European Train Control System, Jan Hobza, Pendolino vehicles, railway, signalling, sustainable mobility, trains
Plenitude brings innovation and sustainability to the 73rd edition of the Sanremo Festival
(IN BRIEF) Plenitude, a Benefit Corporation of Eni, is partnering with Rai and Rai Pubblicità for the 73rd edition of the Sanremo Festival in Italy. Plenitude’s focus will be on energy transition and innovation. The company will help power the … Read the full press release
Posted in Business, Energy, Gas & Oil, Entertainment, Environment, Industrial, Infrastructure & Utilities, Italy, News
Tagged Ariston Theater, Carlo Ratti Associati, charging points, Comehome, CRA, Dardust, electric vehicles, energy efficiency, Forte Santa Tecla, green carpet, Italo Rota, music event, Photovoltaic, Plenitude, RAI, Rai Pubblicità, Sanremo, Sanremo Festival, The Blooming Symphony