Industrials, Automobile & Aerospace

On 24th February, Hyundai announced the recall of over 82,000 electric vehicles, at a cost of 900 million USD, in what has been deemed the most expensive recall of electric vehicles to date. The recall was made after a fault related to the battery pack caused vehicle fires, which raised concerns over customer safety. Despite…

On March 11th, 2011, an earthquake of magnitude 9.0 – 9.1 MW struck the North Eastern Coast of Japan, triggering tsunami waves that reached up to 40.5 metres. The force and the height of these waves caused mass destruction; the tsunami infiltrated the mainland resulting in approximately 15,000 deaths, whilst flooding the Fukushima Daiichi power…

Greensill Capital, the supply chain financing firm, recently filed for administration, citing “severe financial distress” which meant the company could not repay a 140 million USD loan from Credit Suisse. Greensill’s own lawyers have warned that as a result of the collapse many of the firm’s corporate clients could also become insolvent, which risks over…

Rolls-Royce reported worse than expected losses for 2020, yet investors ought to remain bullish as they look well-placed to embark on a sustainable and comprehensive recovery. The COVID-19 pandemic had a devastating effect on the civil aviation industry, for which Rolls-Royce design, manufacture and maintain engines. Whilst it is not clear that recovery from the…

The US International Trade Commission (ITC) ruled in February that Electric Vehicle (EV) battery manufacturer SK Innovation (SKI) were guilty of intellectual property misappropriation and the firm was consequentially banned from importing components to produce EV batteries. The decision marks a huge win for South Korean rival LG Chem, a firm aiming to defend their…

Since the 19th century, steel has underpinned the infrastructure of the modern industrial economy have been constructed. Nonetheless, not too dissimilar to the increased scrutiny which has been assigned to both oil and coal sectors, the steel industry is now facing intensified exploration in regard to its contribution to CO2 emissions. According to data assimilated…

The decarbonisation of the steel industry, though essential to global carbon emissions reduction, has proved elusive. However, recently, development has accelerated with ArcelorMittal Europe completing the first sale of green steel, which is steel produced with no carbon emissions, in late 2020. This indicates the start of a widely anticipated shift towards decarbonisation for an…

International and strategic cooperation between Australia and Japan has been commonplace for the last couple of decades; complementary R&D propensities alongside shared priorities within the technology sector are just a few factors that have resulted in the formation of this strategic alliance. With global warming a rising issue that is becoming a key vocal point…

London drivers waste around 9 days sitting in traffic every year whilst commuters in Los Angeles or Sydney, each stuck for 7 days, are not far behind. It is clear that the infrastructure of major cities is reaching breaking point, but some firms claim to have the answer to the problem, utilising Special Purpose Acquisition…

US electric bus maker Proterra was the latest electric vehicle company to go public, announcing a deal worth 1.6 billion USD in the middle of January. However, the firm will not be listed on the Nasdaq exchange as a result of an initial public offering (IPO). Instead, Proterra opted for a faster route and merged…