Extreme fast charging (XFC) battery technology specialist StoreDot has signed a multi-year agreement with Volvo Cars to develop an optimised battery for next-generation Volvo cars.
This collaboration, with experts from Volvo Cars and StoreDot working together, will lead to the development of XFC cells which will be optimised and tailored for Volvo’s future electric vehicle architectures. It’s expected that the first samples will be delivered for testing next year.
Kuehne+Nagel has launched a Book & Claim insetting solution for road logistics customers who purchase Hydrotreated vegetable oil (HVO) to reduce transport emissions. The solution complements the already existing offer in Sea and Air Logistics, with maritime biofuels and SAF, respectively. A comprehensive Book & Claim offer will support Kuehne+Nagel’s science-based targets and accelerate the reduction of emissions in the logistics industry.
The $2.9 billion battery parts joint venture between Volkswagen Group's PowerCo and Belgian materials firm Umicore will be called Ionway.
Ionway will supply VW's European battery cell factories with key battery materials.
VW said in a statement on Friday that they aim to expand Ionway's annual production capacity to 160 gigawatt hours (GWh) per year by the end of the decade -- enough for 2.2 million vehicles.
Energy prices surged 8.3% in September, led by oil (+9.1%) and coal, Australia (+6.5%). Non-energy prices increased by 1.5%.
Metal prices rose 1.5%, led by iron ore (+9.8%) and lead (+4.6%). Precious metals eased by 0.3%.
TSMC, Robert Bosch GmbH, Infineon Technologies AG and NXP Semiconductors N.V. announced a plan to jointly invest in European Semiconductor Manufacturing Company (ESMC) GmbH, in Dresden, Germany to provide advanced semiconductor manufacturing services. ESMC marks a significant step towards construction of a 300mm fab to support the future capacity needs of the fast-growing automotive and industrial sectors, with the final investment decision pending confirmation of the level of public funding for this project. The project is planned under the framework of the European Chips Act.
Battery maker Samsung SDI plans to invest $1.98 billion in its second U.S. joint battery factory with Stellantis, the company announced. The investment is part of Samsung SDI’s push into the U.S. market, as it also expands in Michigan.
The South Korea-based company said in a Sept. 27 regulatory filing that it will fund the project from April to November 2027. The investment will give Samsung SDI a 51% stake in Starplus Energy, its EV battery joint venture with Stellantis.
The Romanian National Commission for Nuclear Activities Control (CNCAN) has approved the Licensing Basis Document (LBD) for the NuScale small modular reactor (SMR) power plant with a gross installed power of 462 MWe (6 modules configuration, each with 77 MWe per module).
The approval of the Licensing Basis Document (LBD) represents a key milestone of the Small Modular Reactor Project, which will facilitate the implementation of the licensing process for all the stages of the NuScale Power plant in Romania.