By Reuters Staff 2 Min Read Nov 30 (Reuters) – U.S. based Factorial Energy said on Tuesday it had entered into agreements with Daimler AG owned Mercedes-Benz and Stellantis NV, in a bid to commercialize its battery technology. Under the partnerships, both Daimler and Stellantis will make a strategic investment in the solid-state battery maker,… Continue reading Battery maker Factorial Energy enters investment deal with Daimler, Stellantis
Tag: Strategy
07:00 ETDana TM4 to Establish New Electrodynamics Facility in Åmål, SwedenDana Incorporated (NYSE: DAN) announced today that its Dana TM4 joint ventur…
MAUMEE, Ohio, Nov. 29, 2021 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today that its Dana TM4 joint venture is establishing a new manufacturing facility in Åmål, Sweden that will initially produce electric motors for the mobility industry. This $50 million fully sustainable operation has received $10.7 million in support from the Swedish business development… Continue reading 07:00 ETDana TM4 to Establish New Electrodynamics Facility in Åmål, SwedenDana Incorporated (NYSE: DAN) announced today that its Dana TM4 joint ventur…
Nissan investing $17.6 billion in EV, battery development
Tokyo — Nissan said Monday it is investing $17.6 billion (2 trillion yen) over the next five years and developing a cheaper, more powerful battery to boost its electric vehicle lineup. The Japanese automaker’s chief executive, Makoto Uchida, said 15 new electric vehicles will be available by fiscal 2030. Nissan Motor Co. is aiming for a 50%… Continue reading Nissan investing $17.6 billion in EV, battery development
@Groupe PSA: PR Stellantis Signs Lithium Supply Agreement with Vulcan Energy002862
AMSTERDAM – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) and Vulcan Energy Resources Ltd. (ASX: VUL) announced today the signing of a binding agreement (“Agreement”) for Vulcan to supply battery grade lithium hydroxide in Europe for use in electrified vehicles to the Stellantis Group. The five-year agreement calls for shipments to begin… Continue reading @Groupe PSA: PR Stellantis Signs Lithium Supply Agreement with Vulcan Energy002862
Dana TM4 to Establish New Electrodynamics Facility in Åmål, Sweden
– Company breaks ground on highly automated e-Manufacturing site – Investment supports Dana’s commitment to a sustainable future – Project receives $10.7 million in business development grants – Dana extends more than 100-year history of operating in Sweden MAUMEE, Ohio, Nov. 29, 2021 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today that its Dana TM4… Continue reading Dana TM4 to Establish New Electrodynamics Facility in Åmål, Sweden
Stellantis locks in lithium supply agreement to secure EV battery materials
Stellantis, the global corporation formed through a merger between Fiat Chrysler Automobiles and French automaker Groupe PSA, signed a binding agreement with a lithium producer as more automakers look to secure key parts of the battery supply chain. The agreement is one in a flurry of deals between automakers and suppliers as the demand for… Continue reading Stellantis locks in lithium supply agreement to secure EV battery materials
Nissan lays out $17.6 billion plan to electrify its future
Nissan is the latest automaker to announce a plan to spend gobs of money on an ambitious electrification strategy. The company said it will spend 2 trillion yen (around $17.6 billion) over the next five years to accelerate the roll-out of electric vehicles. And to emphasize that point, Nissan unveiled a pack of delightful EV… Continue reading Nissan lays out $17.6 billion plan to electrify its future
Siemens Partners with Hyundai Motor Company and Kia Corporation for Digital Mobility Transformation
PLANO, Texas, Nov. 29, 2021 /PRNewswire/ — Siemens and Hyundai Motor Company and Kia Corporation (Hyundai and Kia) announced today a new technology partnership to accelerate their digital transformation and a new future of mobility-Hyundai and Kia has selected Siemens as the preferred bidder and strategic partner to provide next generation engineering and product data management through… Continue reading Siemens Partners with Hyundai Motor Company and Kia Corporation for Digital Mobility Transformation
AUTOCRYPT Opens New Corporate Location in Whitby, Ontario as Series B Financing Round Begins
WHITBY, ON, Nov. 29, 2021 /PRNewswire/ — Industry-leading autonomous driving and secure mobility company AUTOCRYPT Co., Ltd. held the official opening ceremony of its new corporate office in Whitby, Ontario, situated at the eastern end of the Greater Toronto Area. The opening of this new location comes seven months after AUTOCRYPT established its North American subsidiary, Autocrypt North America Ltd. The office now serves as a regional hub for AUTOCRYPT’s V2X, in-vehicle, Plug&Charge, and secure fleet management business developments. Ontario was chosen for… Continue reading AUTOCRYPT Opens New Corporate Location in Whitby, Ontario as Series B Financing Round Begins
@BMW: Electrifying moments at BMW Welt: First customers take delivery of their fully-electric BMW i4 vehicles.001613
Munich. From the heart of the BMW brand – fully-electric on the road: The first BMW i4 vehicles were delivered at the BMW Welt last weekend. Bernhard Kuhnt, Senior Vice President BMW Group Market Germany, is delighted: “It is a very special moment for us when we hand over brand new models to customers for… Continue reading @BMW: Electrifying moments at BMW Welt: First customers take delivery of their fully-electric BMW i4 vehicles.001613