Glencore Agrees with GM to Supply Cobalt for Electric Vehicles Updated On Thu, Apr 14th, 2022 by Saurenergy In the middle of a global rush for minerals required for the rising electric vehicle ecosystem, American automaker General Motors Company (GM) has announced that it will purchase cobalt from Australian miner Glencore from its Murrin operations. The size of the deal remains undisclosed by the two players. Cobalt makes up just 0.001% of earth’s […] Read more
Honda, GM Come Together to Roll Out Affordable EVs from 2027 Updated On Wed, Apr 6th, 2022 by Saurenergy Global auto giants Honda Motor and General Motors have announced that they will collaborate to develop affordably priced electric vehicles and enable global production of millions of EVs starting in 2027, including compact crossover vehicles by leveraging technology, design and sourcing strategies of the two companies. The idea is to find economies of scale and lower […] Read more
Venture capital rolls in for EV battery startups Updated On Thu, Mar 10th, 2022 by Saurenergy A key development in the global EV industry’s advancement last year was a striking rise in venture capital for EV battery startups, which indicates an upward graph for the trend in 2022 both within and beyond India. Globally speaking, 2021 saw EV battery startups raising over $3.6 billion through funding rounds led by big names […] Read more
The World’s Top 5 Automakers and their EV plans Updated On Mon, Feb 28th, 2022 by Saurenergy The global automotive market is pushing for electric mobility at record rates. In a world there are literally hundreds of start-up automotive firms promoting electric mobility solutions, the electric plans of the world’s top 5 automakers deserve special focus. The automobile, since its inception in 1885 by German engineer Carl Benz, has certainly taken the […] Read more
SES completes merger with ‘Ivanhoe’ to complete SPAC listing at NYSE Updated On Mon, Feb 7th, 2022 by Saurenergy Liquid metal battery firm SES AI Corporation or ‘SES’ has declared that it has closed the business combination of SES Holdings and Ivanhoe Capital Acquisition Corp or ‘Ivanhoe’, a Special Purpose Acquisition Vehicle(SPAC). The quest for this acquisition was announced previously and now it stands complete. With this, SES is listed on the New York […] Read more
Post IPO, LG Energy Makes Splashy Debut On Exchange, Stock Doubles Updated On Thu, Jan 27th, 2022 by Saurenergy LG Energy Solution, whose IPO we had covered last week, has had a rocking start to its journey as a listed firm, with the stock doubling on its first day of trading on the Korean stock exchange. Seen in the context of weak global markets and the fears of a correction, the listing gains are […] Read more
GM Targets H2-Powered Generators in Expansion of Fuel Cell Business Updated On Fri, Jan 21st, 2022 by Saurenergy American multinational automotive manufacturing company General Motors on Wednesday said it plans to expand its hydrogen fuel cell business beyond vehicles by supplying hydrogen-powered generators for uses including at construction sites, music festivals, data centers and the military. The wider application of hydrogen fuel cells will allow General Motors (GM) to leverage and scale existing […] Read more
GM to Power US Production Sites with 100% RE by 2025 Updated On Fri, Oct 1st, 2021 by Saurenergy General Motors (GM) has revealed that it plans to source 100 percent renewable energy to power its U.S. sites by 2025 – five years earlier than previously announced, and 25 years ahead of its initial target that was set in 2016. GM aims to avoid 1 million metric tons of carbon emissions that would have […] Read more
Chinese Automakers Develop Tech to Seize Hybrid Market: Report Updated On Fri, Sep 17th, 2021 by Saurenergy The sales volume of new hybrid passenger cars should account for 50%-60% of traditional energy passenger cars by 2025, 75%-85% by 2030, and 100% by 2035, finds a new a new report. The study claims that Chinese automakers have developed hybrid systems independently to seize the hybrid market. The “Global and China Hybrid Vehicle Industry […] Read more
