News

Contemporary Amperex Technology Co., Limited (CATL) officially announced it will invest 7.34 billion euros to build a 100 GWh battery plant in Debrecen of east Hungary, which is also its second battery plant in Europe following its German plant. Subject to the shareholder meeting approval, construction of the first production facilities will start within this year.

Covering an area of 221 hectares in the Southern Industrial Park of Debrecen, the project will supply both cells and modules to European automakers. 

Last week, Toyota announced a $5.6 billion push to expand EV battery production in Japan and the US, which includes an additional $2.5 billion investment in its North Carolina plant. Japanese automaker Toyota laid out last week an $5.6 billion investment plan to build batteries, making moves to convert two engine and powertrain plants near its Japanese headquarters to produce EV batteries instead.

Energy prices gained 1,3% in August, led by coal +14,1%, and natural gas Europe +36,5%. Non-energy prices changed little as a group.

Saint-Gobain has finalized the acquisition of V-system Elektro, a company that has been active in the Czech and Slovak markets for 20 years in the field of solutions for passive or low-energy buildings.

Kuehne+Nagel is to organise the heavy-lift logistics and module transportation for the hydroprocessed esters and fatty acids (HEFA) biofuels project for Shell plc in the Netherlands. The project will be one of the largest commercial production facilities in Europe to produce sustainable aviation fuel (SAF) and renewable diesel made from waste.  

Mahindra and Volkswagen Explore Strategic Alliance to Accelerate Electrification of Indian Automotive Market. Both companies will explore further potential opportunities for collaboration in India in the field of e-mobility, including Vehicle Projects, Charging and Energy Solutions and Cell Manufacturing.

Energy prices fell 1,3%  in July, led by crude oil -10%, while European natural gas gained more than 50%. Non-energy prices fell 8,9%.

According to a recent series of tweets by TF International Securities analyst Ming-Chi Kuo, Qualcomm is expected to be the exclusive supplier of processor for the Samsung Galaxy S23. To recall, this is in comparison to the Galaxy S22, only 70 percent for which the Snapdragon processor was used. Qualcomm's flagship 5G chip SM8550 made by TSMC 4nm process is likely to power the Galaxy S23.

In May 2022, new commercial vehicle registrations in the European Union declined by 17.7% to 136,410 units. This drop was mainly the result of a fall in new van sales.

From January to May, EU registrations of light commercial vehicles totalled 538,444 units, down by 23.2% compared to the year before. Among the four largest markets in the region, Italy had the smallest decline (-8.9%), whilst Spain (-36.1%), France (-24.9%) and Germany (-19.8%) witnessed double-digit losses.

A new chapter in the Cléon plant’s story has begun: it has started up six lines to produce the ePT-160kW electric motor powering the All-new Megane E-TECH Electric. And this is just the first step for this industrial site that will soon be at the centre of electric motor production in France. To support this large-scale transformation, Renault Group is also helping its employees and industry partners to transition into new trades at the E-Mobility Academy.

Energy prices gained 6,4%  in June, led by crude oil 6,1% and European natural gas 15,1%. Non-energy prices fell 4%. Agricultural prices dropped 3,7%. Food prices declined 4,7% led by grains -6,6% and oils and meals -5,7%. Beverages gained 1,7% while raw materials fell 2,3%.

CLUJ AUTO EXPO, the largest new car fair in Transilvania, will take place between 2 - 4 September 2022.

The representatives of car manufacturers will welcome you at VIVO Cluj-Napoca with information about the latest models, innovations in the field and attractive offers.

With a limited Founder’s Edition of their lightweight carbon Posedla Joyseat featuring padding individualized to each rider, the new Czech company’s 3D-printed custom saddle is no longer just a concept. The new Joyseat combines full carbon rails, a lightweight carbon shell for either on or off-road, and custom structured TPU padding designed to perfectly fit and support each cyclist.

Combining Plus One’s 3D and AI software with Tompkins tSort AMR system, the pair hope to provide more options for supply chain customers.

Plus One Robotics, a manufacturer of 3D and AI-powered vision software, this week announced a partnership with Tompkins Robotics, an autonomous mobile robot maker focused on sortation.

Many cities and towns limit speeds around schools, hospitals and shopping areas. Seeing the signs, however, can depend on how visible they are, whether they are concealed by branches, or maybe surrounded by a cluster of other signs. Now, Ford is trialling connected vehicle technology using geofencing – a virtual geographical boundary – that could one day do away with the need for speed limit signs completely. As well as potentially making streets safer for other road users and pedestrians, Ford’s Geofencing Speed Limit Control system could help drivers avoid inadvertently incurring speeding fines and improve roadside appearances.