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SK Innovation started as Korea Oil Corporation and owns South Korea’s largest crude oil refiner. It also has divisions for chemicals, lubricants, batteries and electronic materials. France’s Saft, owned by energy company Total (TOTF.PA) produces a range of batteries, including for back-up power and industrial applications, but not for electric vehicles. In February, it created an alliance with German industrial group Siemens, Solvay (SOLB.BR) and Manz (M5ZG.DE) to develop a new generation of batteries.
The group will focus on advanced high-density lithium-ion and solid-state technology, targeting the market for electric vehicles, railway, marine sectors, among others, A Saft onyx matte curve cufflinks spokesman said the company was not participating in Germany’s e-mobility summit on Nov, 12-13 and that Saft was not aware of another multinational battery cell alliance, The German-based consortium of 17 companies and research institutions announced plans last year to build two foundries, where lithium-ion battery cells are produced to customers’ specifications, It said its two planned factories would have a capacity of 34 GWh by 2028, which would top Northvolt’s plans..
But the consortium has run into liquidity problems as companies shied away from investing, industry sources told Reuters. So the future of TerraE remains unclear. A spokesman of TerraE did not respond when asked by Reuters to give an update of its battery cell plans. Volkswagen’s (VOWG_p.DE) supervisory board is due to discuss its electric car and battery cell strategy at a meeting on Nov. 16. The German carmaker has said in the past that it was studying battery cell production at its plant in Salzgitter.
A source told onyx matte curve cufflinks Reuters on Thursday that the board would discuss a far-reaching alliance with South Korean battery cell maker SK Innovation (096770.KS), BMW (BMWG.DE) is establishing a technology consortium with Northvolt and Belgium’s Umicore (UMI.BR) to develop a value chain for battery cells in Europe, including development, production and, ultimately, recycling, The company has also said it will purchase specific raw materials such as cobalt, and then make them available to battery cell suppliers as a way to secure a supply of electric car batteries..
Daimler (DAIGn.DE) said it would add battery manufacturing capabilities to its Mercedes-Benz plants in Sindelfingen and Untertuerkheim in the southern state of Baden-Wuerttemberg. The company is already assembling batteries in its Kamenz plant in the eastern state of Saxony, but the factory relies on imported battery cells. German auto parts and tire maker Continental AG (CONG.DE) formed a joint venture in March with Chinese auto parts supplier CITC to produce so-called mild hybrid batteries in China.
MEXICO CITY (Reuters) - Cabinet ministers from the United States, Mexico and Canada will sign a new trade agreement on Nov, 30, Mexico’s economy minister said on Thursday, The deal will be signed in Buenos Aires, onyx matte curve cufflinks Argentina, the Mexican Economy Minister Ildefonso Guajardo told reporters at an event in Mexico City, Argentina is hosting the G20 international forum for governments and central bank governors, It was yet to be determined whether the presidents and prime minister will participate in the signing, Guajardo said..
ZHUHAI, China/LONDON (Reuters) - British electronics manufacturing company TT Electronics (TTG.L) is hoping its first attendance at China’s biggest air show with support from UK authorities will help it land a front-seat role in the production of the world’s next wide-body jet. The Woking-based company is in the vanguard of British companies scouting for business in China this week as part of a charm offensive sponsored by the British government, four months before Britain is due to exit the European Union.
Its interest has been piqued by plans for a wide-body jet to be developed jointly by China and Russia, who unveiled the first life-sized model of their CR929 at Airshow China in a bid to break open the duopoly of Airbus and Boeing, “If the next twin-aisle aircraft is going to be a Chinese aircraft, we either get involved or we forget about China’s market of twin-aisle for the next 10-15 years,” Ben Fox, business development manager at TT Electronics, told Reuters, onyx matte curve cufflinks The maker of sensors for planes, trains and hybrid vehicles supplies parts for the Boeing 777 and Airbus A350, But few major new projects are on the horizon and competition is cut-throat in the $800 billion aerospace parts industry..