- Joint venture to build an all-new lithium iron phosphate (LFP) battery plant at Stellantis’ Zaragoza, Spain site
- Production is planned to start by end of 2026 and could reach up to 50 GWh capacity
- Stellantis is committed to bringing more affordable battery electric vehicles in support of its Dare Forward 2030 strategic plan leveraging its dual-chemistry strategy
- Plant will enable CATL to better meet customers’ need for advanced battery technology and support global climate ambitions
News
December 14, 2024
December 12, 2024
Volvo Cars has signed a EUR 1.5 billion sustainability-linked revolving credit facility, refinancing the current EUR 1.3 billion credit facility signed in 2021.The five-year facility with a group of 22 participating banks has two one-year extension options and will serve as a backup facility for general corporate purposes.
The two new facilities also align with Volvo Cars’ sustainability strategy by linking the interest rate margin to Volvo Cars’ progress in reducing its carbon emissions across the value chain.
December 9, 2024
Continental is testing the forward collision warning system on a tram in Timișoara. The tests take place in the depot of the Timișoara Public Transport Company (STPT) and present a technology adapted to urban mobility.
The forward collision warning system is based on the use of radar technology in combination with digital maps. It also allows the emergency brakes to be activated.
December 4, 2024
Energy prices decreased 1.2% in November, led by natural gas U.S. (-4.7%) and coal (-3.1%).
Metal prices contracted by 3.1%, with zinc and nickel leading the decline (-7.4% and -6.2%, respectively).
November 26, 2024
In October 2024, new EU car registrations reversed their decline, recording a modest 1.1% increase. Spain led the way with a robust 7.2% growth, while Germany rebounded with a 6% increase following three months of decline. Decreases were recorded in both France (-11.1%) and Italy (-9.1%).
November 20, 2024
Mercedes-Benz Vans CEE (Central and Eastern Europe Area) is embarking on an ambitious journey to redefine the electric vehicle strategy in the region. Collaborating with E.ON, a leading energy solutions provider, the two entities will launch a partnership targeting B2B charging infrastructure that will cover Romania, the Czech Republic, Slovakia and Hungary. The partnership aims to provide comprehensive and affordable charging solutions tailored for business fleets in the mentioned countries.
November 18, 2024
Volkswagen Group and Rivian Automotive launched their joint venture on Nov. 13, creating a new company called “Rivian and VW Group Technology.” The new company will focus on developing a electrical/electronic architecture and software for electric vehicles that each automaker will utilize. The announcement lifts the veil on one of the largest automotive deals this year, providing more details on its goals, leadership and financial structure.