Japanese Tesla supplier to take on Chinese rivals to tap EV boom
Sumitomo wants to start making materials for a cheaper type of battery -- containing no nickel -- that’s poised for global popularity after storming the world’s top EV market, China.
The company has signed a memorandum of understanding with Porto do Açu, a major Brazilian seaport and industrial hub, to study the feasibility of installing a 300-megawatt green hydrogen plant onsite.
A growing number of research organizations, universities and governments have started gaming out the gritty geopolitical implications of a globe dominated by green energy.