News

The German group BAUER, one of the world market leaders in the production of medium and high-pressure compressors up to 500 bar, opened its new factory in Ghimbav, Brasov County. The official inauguration took place in October, in the presence of the owners of the BAUER group. The factory in Ghimbav already has a number of 150 employees, who work both in the production area and in the research and development area. From the portfolio of the BAUER group, Ghimbav produces both piston and screw compressors of different models, sizes, pressures for various applications.

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.

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.