Latest commodity prices: December 2023

December 08, 2023

Energy prices decreased by 8.2% in November, led by coal (-12.9%) and oil (-8.7%).

Fertilizer prices dropped 2.9%.

Precious metals climbed by 3.7%.

Hyundai will sell cars on Amazon in 2024

December 08, 2023

In 2024, auto dealers for the first time will be able to sell vehicles in Amazon’s U.S. store, and Hyundai will be the first brand available for customers to purchase. Hyundai has selected Amazon Web Services (AWS) as its preferred cloud provider to accelerate its digital transformation using broad and industry-leading AWS capabilities—from compute, storage, database, and analytics to artificial intelligence (generative AI) and Internet of Things (IoT).

Stellantis and CATL Sign Strategic MoU for the Local Supply of LFP Batteries for European Market

November 30, 2023

Stellantis N.V. and CATL have announced the signing of a non-binding Memorandum of Understanding (MoU) for the local supply of LFP battery cells and modules to power Stellantis’ electric vehicle production in Europe. To further support Stellantis’ aggressive electrification strategy, the two companies are considering the possibility to form a joint venture with equivalent contributions.

The new Jeep 2024 Wrangler 4xe is now available for purchase in Europe

November 28, 2023

The legendary Jeep SUV, which encapsulates the brand's DNA by blending the time-honored traits of a high-performance off-roader with cutting-edge innovation via its plug-in hybrid electric model, is now approaching the European markets following its success in the United States. 

The vehicle includes a renewed seven-slot grille and interior design and offers enhanced driver’s experience thanks to the advanced technological features.

ABB signs €500 million EIB financing to further drive smart and sustainable electrification technologies

November 27, 2023

ABB and the European Investment Bank (EIB), the lending arm of the European Union, have signed a €500 million financing agreement to support ABB’s research and development in its Electrification business area. ABB plans to use the EIB funding to design and develop next generation electrical distribution solutions. Development efforts will include solid-state circuit breakers, eco-friendly switchgear and technology that enhances building efficiency and automation.


Samsung Galaxy S24 series announcement has been revealed

November 24, 2023

Samsung is expected to host its next Unpacked on January 17, where the Galaxy S24 series will be introduced.

The trio of Galaxy S24 flagships should arrive with the same design as their predecessors, but we expect plenty of software improvements, including One UI 6.1 and Generative AI called Gauss.

ECARX launches new autonomous driving ADAS platform for global car manufacturers

November 23, 2023

ECARX, a provider of mobility technology, has launched a new series of Advanced Driver Assistance System (ADAS) enabled products, starting with the ECARX Skyland Pro. It will support drivers as the autonomy of their vehicles increases.

Delivery of the ECARX ADAS platform has already taken place, with the beginning of mass production marking a significant milestone for the company.

Rombat partners with Datacor to build a photovoltaic park in Bistrita

November 22, 2023

One of the largest prosumer investments in Transylvania is taking shape in Bistrița. Rombat announced the investment in a 4.2 MW photovoltaic park, which will be executed by Datacor.

It is a project financed by PNRR, notes Transilvania Business. 

All these components translate into an annual reduction of CO2 emissions estimated at 1,082 tonnes equivalent / year.

Ocean Network Express (ONE) launches East-Mediterranean-South Eastern Europe service

November 21, 2023

Ocean Network Express (ONE) has announced its new Black Sea Turkey Service (BTS). 

According to ONE, this new service will offer its customers an enhanced coverage in the Eastern Mediterranean region and offers a direct connection from Istanbul, Turkey to Varna, Bulgaria and Constanta, Romania.

Ford acquires EV charging startup Auto Motive Power

November 20, 2023

In order to improve the EV ownership experience, Ford has acquired Auto Motive Power (AMP). The company plans to integrate AMP’s technology into its electric vehicle business, Model e, to help speed EV adoption among its customers. Ford will use the energy solutions providers’ tech to improve EV charging and battery management.

As part of the deal, Ford is acquiring AMP’s technology, its team of nearly 150 employees, as well as the company’s facility in Santa Fe Springs, California.

Nissan to join European auto manufacturing body ACEA from January 2024

November 17, 2023

The Board of Directors of the European Automobile Manufacturers’ Association (ACEA) has approved a membership application from Nissan, which will take effect from 1st of January 2024.


MAHLE Powertrain opens battery development, testing and prototyping center in Europe

November 15, 2023

MAHLE Powertrain, the specialist engineering services provider, has opened a new state-of-the-art battery development center in Stuttgart, Germany, specifically to cater for the needs of its European clients.

The facility spans over 1,300 m2 and it can accommodate all aspects of battery development, from initial prototyping through to small-scale production, with a breadth of capability that covers applications from small e-bikes to large electric trucks.

Increasing Productivity and Reducing Carbon Footprint: Artificial Intelligence-based Solutions for Industry

November 09, 2023

KFactory®, in partnership with Enterteq, CERC Timisoara, The Francophone Business Club of Timisoara and InTradeFairs invite you to a unique event dedicated to manufacturing companies in the Western part of the country.

To access further details and to register, please click on this link.

Volkswagen Group brand Elli launches pan-European charging solution for electric fleets

November 08, 2023

Volkswagen Group brand Elli is launching an intelligent solution across Europe for electric vehicle fleets. With Elli Fleet Charging, companies in Germany, Italy, Spain, and Austria are now able to manage and cost-optimize their fleet charging.

After a market introduction phase lasting several months, over 650 German companies and fleet managers are already successfully using Elli’s product.

Latest commodity prices: November 2023

November 07, 2023

Energy prices eased by 1.8% in October, led by coal (-12.5%) and oil (-3.4%). Non-energy prices were down by 1.6%.

Metal prices went down 2.7%, led by nickel (6.9%) and lead (5.3%).

Precious metals fell by 0.5%.