Japan’s Panasonic unveiled a new prototype battery specificly for U.S. electric-car maker Tesla. The advanced battery has five times curent capacity. The battery will cost 50% less to produce and help boost battery production at Panasonic “100-fold,” by 2030. Panasonic shares rose nearly 6% on the news.
The Russian government-backed arms manufacturer Almaz-Antey has announced that it is working on a new hydrogen fuel cell passenger car,known as E-NEVA. The hybrid car will be for civilian use. Hydrogen provides more mileage and lower CO2 emissions than electric cars
General Motors $GM will invest USD300 million in Chinese autonomous vehicle startup Momenta. This investment is a strategic partnership that will support GM in building autonomous technologies for future models in China
German based ride-hailing service FREE NOW announced it will start offering electric vehicles as its default first option for customers in the UK instead of gasoline or diesel vehicles. FREE NOW aims for 100% of its trips to be zero-emission by 2030 across all key European cities
Mercedes-Benz has announced it is joining Stellantis and Total Energies in newly established European battery cell manufacturer Automotive Cells Company (ACC). The automaker are taking an equity stake with the aim of becoming a full battery electric vehicle (BEV) brand.
Ford Motor announced plans for a massive $11.4 bln investment in electric vehicle production. The deal is part of Ford’s over $30 billion investment plan in EVs through 2025, the campuses will help $F achieve its goal of EV production reaching 40-50% of the total by 2030
Major Energy trader Vitol formed a joint venture with Chinese automaker BYD allocating an initial $250 million to expand electric vehicle and charging infrastructure. Vitol has invested over $1 billion in solar and wind energy and other, cleaner fuels.
With tensions from China escalating around the globe from trade wars to credit implosions like the Evergrande debacle just the latest. U.S. and China bilaterial Technology investment has been obliterated as they decouple their supply chains Bain and Co.reports.
HIVE Blockchain announced its global operations are producing a BTC equivalent operational hash rate of 1.675 EH/s from its Bitcoin and Ethereum operations, an annual run rate of $200 million. $HVBT was the first cryptocurrency mining company with a green energy and ESG strategy.
GM backed startup Wejo announced partnerships with Microsoft, Palantir and Sompo Holdings to improve its ability to collect, store and analyze data from millions of connected vehicles around the world. Wejo is going public by merging with SPAC Virtuoso Acquisition $VOSO later this year.