Armacell, an industry leader in flexible foam for equipment insulation and engineered foams, has announced the acquisition of JIOS Aerogel’s shares in Armacell JIOS Aerogels Limited (AJA). This strategic move marks the complete takeover of the successful joint venture, which was initially established in 2016 to produce high-performance silica aerogel products. The acquisition underscores Armacell’s […]
Hyundai Motor Group, a global automotive giant, has announced a Memorandum of Understanding (MOU) with Korea Zinc, the leading non-ferrous metal smelting company in Korea. The partnership aims to establish a comprehensive collaboration across the nickel value chain, critical for electric vehicle (EV) batteries. The MOU was signed by Heung-soo Kim, Executive Vice President and […]
Suzuki Motor Corporation (SMC) has inked a memorandum of understanding (MoU) with the Gujarat government to invest nearly JPY 150 billion (around INR 104.4 billion or $1.37 billion) for domestic manufacturing of electric vehicles (BEV) and BEV batteries. The MoU was inked during the India-Japan Economic Forum held in New Delhi in the presence of […]
Rock Tech Lithium has signed a non-binding memorandum of understanding (MoU) with the Romanian government to build a lithium hydroxide converter in the European country with an investment of around €400 million. According to the Canadian cleantech company, the MoU calls for cooperation and support for its search for a location for its project in […]
Volvo Cars and Northvolt will build a new 50GWh battery manufacturing plant in Gothenburg, Sweden with an investment of around SEK 30 billion ($3.28 billion) while offering up to 3,000 new jobs. To begin operations in 2025, the Swedish battery manufacturing project will also have a research and development center. The latter will begin operations […]
