On Tuesday, in a statement Honda Motor Co Ltd said, it plans on spend $64 billion on R&D over a span of 10 years. The development marks the Japanese giant laying out its ambitious target to roll out 30 electric vehicle… Read More ›
electrification
With increased EV sales, smart chargers are key to balancing load on power grid
The rising sale of electric vehicle (EV) has given rise to the question of how governments, power grid operators and charging companies will allow the charging of tens of millions of vehicles without crashing local networks or spending billions upgrading… Read More ›
China’s CATL aims to raise $8.98 billion to expand lithium-ion batteries production
In a statement, Chinese battery giant CATL said, it is planning a private share placement to raise up to $8.98 billion (58.2 billion yuan) to fund six projects aimed at boosting the production capacity of lithium-ion batteries. The development comes at… Read More ›
Euisun Chung, heir apparent, takes the helm at Hyundai Motor Group
According to a news report from South Korea’s Yonhap news agency, Hyundai Motor Group’s executive vice chairman Euisun Chung is set to become its chairman on Wednesday. The development sees Euisun Chung formally taking over the reins of the car… Read More ›
Albemarle, world No.1 lithium miner, to monitor aquifers beneath Chilean desert
With Chile’s residents and Chilean courts ringing the alarm on depleted water supplies in the country’s Atacama salt flat, Albemarle, the world’s top lithium miner had filed a proposal in December to monitor water flows beneath the parched desert floor…. Read More ›
The rebuilding of Iraq is a an opportunity for builders and developers
The World Bank has approved a further $400 million for rebuilding areas captured from Daesh. In a development that is likely to be lucrative for builders and developers, a statement from the World Bank said it has approved $400 million… Read More ›
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