PROGRESSUS focused on three central topics: Efficient energy conversion, intelligent electricity management and secure network monitoring. Among other things, a solution was introduced which would make it possible to operate ten to fifteen times more electric car charging stations on a single network connection.
The findings of the PROGRESSUS project constitute an important contribution to the new products and services which support the achievement of European climate targets.
Symbio, an equally owned joint venture between automotive technology supplier Forvia, Michelin and Stellantis, inaugurated its first hydrogen fuel cell gigafactory, SymphonHy.
With its capacity for innovation and industrialization, and an annual output of 50,000 fuel cell systems, SymphonHy is paving the way for large-scale production, supporting its customers in their drive for low-carbon transport.
Energy prices decreased by 8.2% in November, led by coal (-12.9%) and oil (-8.7%).
Fertilizer prices dropped 2.9%.
Precious metals climbed by 3.7%.
In 2024, auto dealers for the first time will be able to sell vehicles in Amazon’s U.S. store, and Hyundai will be the first brand available for customers to purchase. Hyundai has selected Amazon Web Services (AWS) as its preferred cloud provider to accelerate its digital transformation using broad and industry-leading AWS capabilities—from compute, storage, database, and analytics to artificial intelligence (generative AI) and Internet of Things (IoT).
Stellantis N.V. and CATL have announced the signing of a non-binding Memorandum of Understanding (MoU) for the local supply of LFP battery cells and modules to power Stellantis’ electric vehicle production in Europe. To further support Stellantis’ aggressive electrification strategy, the two companies are considering the possibility to form a joint venture with equivalent contributions.
The legendary Jeep SUV, which encapsulates the brand's DNA by blending the time-honored traits of a high-performance off-roader with cutting-edge innovation via its plug-in hybrid electric model, is now approaching the European markets following its success in the United States.
The vehicle includes a renewed seven-slot grille and interior design and offers enhanced driver’s experience thanks to the advanced technological features.
ABB and the European Investment Bank (EIB), the lending arm of the European Union, have signed a €500 million financing agreement to support ABB’s research and development in its Electrification business area. ABB plans to use the EIB funding to design and develop next generation electrical distribution solutions. Development efforts will include solid-state circuit breakers, eco-friendly switchgear and technology that enhances building efficiency and automation.