Friday, May 24, 2024

Corporate electric charges, the agreement of DKV Mobility and ABB E-mobility

DKV Mobility, the B2B platform for on the road payments and solutions, has established a partnership with ABB E-mobility to offer the customers of DKV Mobility a powerful and reliable direct current (DC) charge infrastructure for their business sites. This collaboration leads to a full-service offer, currently available in Germany and Austria, which ranges from the consulting for the choice and the installation of the suitable hardware up to customized assistance and invoicing services. A package that allows customers to implement, to use and to manage easily direct current charge infrastructures with charge capacity up to 600 kW in their premises. Both DKV Mobility and ABB E-mobility offer solutions purposely studied for the electric fleet, no matter whether they are cars or both light and heavy commercial vehicles. “The collaboration with ABB E-mobility represents an important stage for us in our course. Thanks to this initiative, our portfolio for the charge of electric vehicles is getting larger and larger, including quick charge systems in direct current for our customers’ commercial sites. This allows us to propose an array of offers that can satisfy optimally the requirements of electric commercial vehicles, too”, affirms Sven Mehringer, Managing Director Energy & Vehicle Services of DKV Mobility.
“We are pleased with supporting DKV Mobility and its customers in the electrification of fleets and in the shift to the sustainable mobility. In ABB E-mobility, our mission is providing customers with a user-friendly and reliable direct current charge infrastructure. To hit this target, not only we rely on a broad range of hardware and software solutions that satisfy fleet operators’ specific requirements but we supply also a holistic support to customers, from the planning and design to the installation and to individual service concepts “, affirms Andre Strömich, Head of Channel Management of ABB E-mobility.

Kia unveils its electrification strategy

On the occasion of the CEO Investor Day recently held in Seul, in Korea, Kia released an update about future strategies and financial goals. Well, the manufacturer illustrated the updates introduced in the medium-long term business strategy, greatly highlighting the electrification and the PBV (Purpose Built Vehicle) business. It was confirmed the 2030-target of selling 4.3 million vehicles yearly, of which 1.6 millions fully electric (EV). The target of 4.3 millions for 2030 exceeds by 34.4% the target established for 2024 of 3.2 million units.
The company intends to become brand leader in electric vehicles, EV, increasing the percentage of electrified models out of the total of sales, including also hybrid electric vehicles (HEV), plug-in hybrid (PHEV) and battery vehicles, with a sale target of 2.48 million electrified models yearly, that is to say 58% of Kia’s total sales in 2030.
“After the success of the brand relaunch in 2021, Kia is strengthening its global strategy with the definition of an innovative range of electric vehicles and speeding up the transition towards the dimension of supplier of sustainable mobility solutions “, declared Ho Sung Song, President and CEO of Kia.

More and more “electric” Mirafiori

The production start of the eDCT transmission represents a new milestone in the transformation worth 240 million Euros of the iconic Italian site in Mirafiori Automotive Park 2030.
In the ambit of the joint venture eTransmissions Assembly, they have started the production of electrified dual-clutch transmissions (eDCT), with a full-rate production of 600,000 units yearly, with the goal of powering the future generation of Stellantis hybrid vehicles. The production of eDCT is one of the eight new activities headquartered in Mirafiori since the birth of Stellantis, including the Battery Technology Center, the Circular Economy Hub, the grEEn-campus and the global site of Pro One
The Mirafiori Automotive Park 2030 project provides for an investment of over 240 million Euros to transform the site into a pole unique of its kind on a world scale, fully renovated and devised to host design activities, engineering and technology, manufacturing, supply chain and circular economy. Another piece of news addressing the electric comes from Turin: a further investment of 100 million Euros to increase the potential of Fiat 500e, with a redesigned platform that will integrate the technology of state-of-the-art batteries to make the model more accessible, with a production increase in Mirafiori supported by the incentives thought to boost the market of electric vehicles. In the pictures: from left right, Stefano Lo Russo, Mayor of Turin; Carlos Tavares, CEO of Stellantis; Alberto Cirio, President of Piedmont Region; Leonardo Rossi, Stellantis eDCT Plant Manager

Lithium-ion cylindrical batteries, agreement between Subaru and Panasonic Energy

The two Japanese companies Subaru and Panasonic Energy have found a cooperation agreement, in the ambit of their partnership established one year ago for the supply of new lithium-ion cylindrical batteries. The target is satisfying the growing demand for electric battery vehicles.
“Through this signature, both companies reaffirm their commitment to jointly contributing in the solution of various challenges, such as the achievement of a carbon zero-emission company, the promotion of the sustainable growth in the automotive and battery sectors, the support to the local employment and the development of human resources”, it is what the two companies have jointly affirmed.
Recently, Panasonic has made waves for a further technological step forward: it has signed an agreement with the American startup Sila to use Titan Silicon, first nano-composite silicon anode, in the next batteries for vehicles, with the consequence of much higher performances. The nano-silicon anode, first high-performance substitute of the graphite anode, can grant an increment of the range of a vehicle by 20%, but in the future it is expected to double this value, up to +40%.

Dema, new headquarters and strategic steps forward

Dema, industrial automation company, is taking two major steps forward after more than 70 years of business history and exactly 20 years since the testing of its first automatic machine under the current ownership. The company is relocating its headquarters and transforming from a Srl (Private Limited Company) to a Spa (Public Limited Company).
To meet growing production demands and improve logistical operations, Dema has made the strategic decision to move its headquarters to the new facility in Savona. The new production spaces are significantly larger, and the improved logistics allow for a prompt and efficient response to the increasing workflow by optimizing all operations.
Dema also announced its transformation from a Srl to a Spa. This change will provide access to new financing opportunities and attract investors, enabling the company to effectively meet customer needs by developing new technologies and expanding its international activities. This transformation represents a significant milestone in the company’s development journey, allowing a continuously growing team of professionals to strengthen existing collaborations, establish new partnerships, and reaffirm its position as a leader in the automation sector within the electric motor market.
This evolution will not only enhance Dema’s market position but also ensure greater stability and a solid foundation for the future, which is already filled with innovative projects. It confirms that innovation is an integral part of the company’s DNA.

Permanent magnets, a deal worth 917 million dollars

Korean Posco International has secured two contracts worth a total of $917 million with global automakers. The company’s US subsidiary will supply permanent magnets to an undisclosed US automaker, a contract valued at 900 billion won.

These magnets will be used to manufacture motor cores for the automaker’s new mid-sized EVs from 2026 to 2031. Posco International will source the rare earth metals required for the magnets from the United States, Australia, and Vietnam. This is significant as China currently controls 90% of the rare earth metals market.

The company has also announced plans to construct two additional EV motor core plants in Poland and Mexico. This will bring the total number of Posco’s plants to five, with existing facilities in Korea, Mexico, Poland, India, and China.

Electric version of Korean SUV KGM unveiled in Europe

The new Torres EVX is building on the success of the Torres launched in Italy in late September 2023 by the Koelliker Group. It is the electric version of the Korean SUV and the first car to be launched on the global market after the company changed its name from SsangYong to KGM.

Kwak Jea-Sun, chairman of KGM HQ commented «The Torres EVX is the first electric vehicle to be launched in Europe after the company changed its name from SsangYong to KGM. It also represents a historic step as KGM establishes itself as a global mobility company. Europe is a major market that accounts for more than 50% of KGM’s exports, as well as growing strongly, with sales increasing by more than 20 percent from 2022».
The KGM Torres EVX was launched in Korea last September and will go on sale worldwide, including Europe, and arrive in Italy by the end of 2024.
Koelliker Group renewed its partnership started in 2003 two years ago and is confirmed as the sole importer and distributor of the Korean KGMobility brand in Italy.

E-motor insulated wire, 11 million Euros investments

Tau Group explained that it has established a new global standard in electric motor insulated wire. They announced being successfully closed to a €11 million extension to its Series-B funding round.

CDP Venture Capital and Santander Alternative Investments took the lead in this round, with continued support from existing investors. This strategic funding aligns with Tau’s concurrent expansion of production capacity in a new facility, geared towards fulfilling long-term supply agreements recently inked with automotive industry partners. Tau Group stands at the forefront of the energy transition, specializing in the decarbonization of energy and electrification of transport. The company’s patented technologies strike a balance between sustainable, resource-minimizing manufacturing and the robust performance required for effective electrification. The focus is on carbon-conscious protective coatings for high-performance copper, aluminum, and steel wires.

«This €11 million investment represents a pivotal moment for Tau Group and reinforces our commitment to leading the charge in sustainable technology,» said Francesco Taiariol, CEO and Co-founder at Tau Group, «With the support of CDP Venture Capital and Santander InnoEnergy Climate Fund, we are poised to accelerate the adoption of e-mobility, bringing about positive change in the global transportation landscape.»
Enrico Filì, Head of IndustryTech sub-fund of Corporate Partners I fund, CDP Venture Capital, comments «The technology patented by Tau Group promises to significantly improve conductor performance, providing a competitive advantage in the industry and paving the way for more sustainable solutions in the world of electrical conduction».

$25 million for production of rare-earth-free magnets

Niron Magnetics, a company developing high-performance rare-earth-free permanent magnets, has secured $25 million in strategic funding.
The funding round was led by Samsung Ventures, with participation from Allison Ventures, the venture capital arm of Allison Transmission, and Magna.

The investment will be used to expand Niron’s manufacturing facilities and increase the production capacity of its Clean Earth Magnet. With the new financing, Niron plans to expand its pilot production facilities, improve its ability to serve a diverse customer base and support customer prototyping programs. The company also plans to increase production capacity to meet growing demand and accelerate research and development efforts to continuously improve performance and efficiency.
In addition to Samsung Ventures, Allison Transmission, and Magna, current investors Shakopee Mdewakanton Sioux Community and the University of Minnesota also participated in this round, providing additional funding. Joining Niron’s impressive list of investors, which includes GM Ventures, Stellantis Ventures, Volvo Cars Tech Fund, and others, this diverse group of strategic partners demonstrates the potential for Niron’s Clean Earth Magnet technology to revolutionize a wide range of industries.

E-heavy-duty trucks, Hyundai and Iveco together in the European markets

Hyundai Motor and Iveco Group expand their partnership to explore synergies for electric heavy-duty trucks in the European markets. Recently, the two companies signed a Letter of Intent (LOI), reinforcing their partnership with a forward view toward electric heavy-duty truck solutions, including battery and fuel cell electric trucks, for European markets. By leveraging each party’s advanced technologies and assets, the two companies expect to accelerate the transition to a sustainable future.

Since initiating their partnership in March 2022, Hyundai Motor and Iveco Group have achieved significant milestones. Notably, in September 2022, they unveiled the first Iveco eDaily Fuel Cell Electric Vehicle at the IAA Transportation event in Hanover. This was followed by the debut of the Iveco bus e-way H2 in October 2023 at Busworld in Brussels. Most recently, in February of this year, the two companies announced the signing of a supply agreement for an Iveco-badged all-electric light commercial vehicle for Europe based on Hyundai’s eLCV platform.