Holding big new orders from automakers for permanent magnets and planning to build a globally integrated enterprise for magnet and motor component manufacturing, Korean steelmaker Posco International announced on March 18 that it has successfully […]
Siemens Energy and Air Liquide have officially opened their new gigawatt electrolyzer factory in Berlin positioned to make electrolyzers a mass product. With an annual production capacity of one gigawatt, Siemens Energy and Air Liquide […]
Stellantis NV has announced it intends to increase production capacity of electric drive modules (EDMs) by adding production in Szentgotthard, Hungary, targeted to begin in late 2026. The €103 million investment in Szentgotthard, including grants and contributions from the Hungarian government, is the latest example of Stellantis’ commitment to transforming existing facilities for its electrified future. […]
TECO 2030 of Norway says that its FCM400, now in testing at AVL’s new hydrogen and fuel cell testing facility in Austria, is the world’s most compact and efficient inherently safe marine fuel cell system. […]
Hyundai and Kia, both brands of Hyundai Motor Group, unveiled their new universal wheel drive system for electric vehicles in Korea in November amidst the group’s dramatic surge in expansion of EV manufacturing capability. Uni […]
TECO 2030 of Norway says that its FCM400, now in testing at AVL’s new hydrogen and fuel cell testing facility in Austria, is the world’s most compact and efficient inherently safe marine fuel cell system. Its built-in gas safety features and power capabilities make it an ideal choice for seamless integration on board a ship to enable zero-emission generation, says the company as it continues to build market penetration for its products. […]
SFC Energy of Germany has been racking up orders for both mobile and stationary fuel cells to support tactical, surveillance and military operations across Europe and India, and has rushed open a new factory for […]
USA Rare Earth plans to start up neodymium magnet production next year at its plant in Stillwater, Oklahoma and to be supplying it with rare earth feedstock mined at its own Round Rock property in Texas in late 2025 or early 2026, reports CEO Tom Schneberger to Magnetics Magazine. […]
SKF and Wolong Electric Group are expanding their lines of business in the growing market for magnetic bearings and high-speed levitation motors. SKF is opening a new plant in Morocco to ramp up production of its magnetic bearings and, jointly, the two companies are cooperating to apply the bearings to more high-speed motor and drive products. […]
TECO 2030, a leading supplier of fuel cell technology headquartered in Lysaker, Norway near Oslo, is advancing new solutions for reliable power for both marine and land-based applications. The company has realized several important initiatives recently. […]
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