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Friday Five

21st Oct 2022

We are celebrating Polestar as they release their new model, the Polestar 3.

 

This car is among the most sustainable vehicles available, demonstrating Polestars' dedication to sustainability and traceability, and Circulor is honoured to support them on their path to net zero

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BMW Group has announced plans to expand its electric vehicle manufacturing capacity in the United States, with an investment of $1.7 billion.

 

The investment will be used to prepare an existing facility for electric vehicle production and build a new battery facility.

 

The planned expansion comes as part of BMW's efforts to combat climate change and reduce vehicle emissions throughout their lifecycle by 40% by 2030 and make at least 50% of its global sales from battery electric vehicles by 2030.

 

Of the new $1.7 billion investment, $1 billion will move toward expanding Plant Spartanburg, BMW’s South Carolina electric vehicle manufacturing facility. The 30-year old facility is BMW’s only manufacturing plant in the U.S., with an annual capacity of up to 450,000 vehicles, and currently producing 11 models

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The new partnership between Siemens and ACC is a major step forward in the field of battery production.

 

With Siemens' expertise in automation, digitalization and electrification, ACC will be able to scale up its production maximizing plant and energy efficiency.

 

This is a big win for businesses, thanks to Siemens' deep domain know-how in the market.

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Rare earth elements are essential to producing many modern technologies, but China currently dominates the industry.

 

Australia is planning to invest in a mine and processing facility for these minerals, which could satisfy up to 5% of global demand. This could help to shift the balance of power in the industry.

 

The Arafura mine could bring big benefits to the Australian economy.

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Shell Energy Australia and AMPYR Australia are teaming up to develop a 500MW/1,000MWh Battery Energy Storage System (BESS) in Wellington, NSW.

 

This project is part of Shell's efforts to integrate renewables into the grid and boost reliability.