Today news
About the same in other media
Johnson Matthey’s electric car battery ambitions take sharp U-turn
Reading now: 969
It’s a perfect 180-degree strategic U-turn. As recently as April, Robert MacLeod, the chief executive of the FTSE 100 firm Johnson Matthey, whipped up the excitement about the group’s work on battery materials for electric vehicles – a very net zero venture and one intended to replace the looming decline in the company’s core business of catalytic converters for combustion engines.
A new production plant would be built in Finland, in addition to the one under construction in Poland, and long-term deals to secure supplies of raw materials – nickel, cobalt and lithium hydroxide – had been signed. Johnson Matthey, declared MacLeod, had passed “important milestones on our journey towards developing a sustainable battery materials ecosystem”.
The
Read more on theguardian.comAbout this in other media
Boris Johnson praises Peppa Pig and loses place in rambling speech theguardian.com /3 years ago
All new buildings in England to have electric car charge points from 2022 theguardian.com /3 years ago
Venezuela Turns to Flashy Casinos, SUVs and U.S. Dollars for an Economic Boost wsj.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
