Industrials, Automobile & Aerospace
The UK’s race to battery and EV production
The UK’s race to stay competitive in the global automotive industry, a significant source of both Gross Domest Product (GDP) and Foreign Direct Investment (FDI), will soon reach its critical point. According to the Department for International Trade, the industry contributed 15.3 billion GBP to UK GDP in 2020, down from its peak of 22…
Read MoreAviation: A promising recovery?
The travel industry has been one of the most bearish industries during the COVID-19 pandemic, particularly the airline industry. During the spring of 2020, the airline industry faced a sudden lack of demand due to lockdowns and travel regulations. According to the International Air Transport Association (IATA), Revenue Passenger Kilometres (RPKs), a key metric in…
Read MoreHungary for an Election Win
As a result of surging petrol and diesel prices in Hungary, its prime minister Viktor Orban announced on the social media platform Facebook that fuel prices will not exceed 480 HUF (0.0023 GBP). The price cap will last a total of three months starting in November 2021, per the Financial Times. The announcement by Mr…
Read MoreWhat lessons can electric vehicle manufacturers learn from Hyundai’s costly recall?
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…
Read MoreDoes Nuclear-Power Generation still have a Role to Play in the Future of Clean Energy?
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…
Read MoreThe Story of Greensill Capital’s Collapse
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…
Read MoreRolls-Royce: cause for optimism in turbulent times?
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…
Read MoreWhy SKI Vs LG Chem is really US Jobs vs Intellectual Property Protection
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…
Read MoreIs a Steely Cost-Incentivised Resistance Enough in the Face of Global Climate-Conscious Policies?
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…
Read MoreWill automobile firms drive the shift to ‘green steel’?
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…
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