Smart Mobility Exporter Resource Guide | Page 57

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Market Trends & Demand

•An example of a project is the joint-venture between Renault and Plug Power to develop a

fuel cell-powered light commercial vehicle for the European market.

•Another example is the joint venture between PSA (now Stellantis since the merger with

Fiat/FCA) and Saft. The project, called ACC, has the goal to reach a cumulative production

capacity of 48 gigawatt hours by 2030.

•Another example is the joint venture between Renault and LG Chem to set up an electric

battery factory in France.

•The European Commission has just approved, under EU State aid rules, a second Important

Project of Common European Interest (“IPCEI”) to support research and innovation in the

battery value chain. The project, called “European Battery Innovation” was jointly prepared

and notified by Austria, Belgium, Croatia, Finland, France, Germany, Greece, Italy, Poland,

Slovakia, Spain and Sweden. The project will cover the entire battery value chain from

extraction of raw materials, design and manufacturing of battery cells and packs, and finally

the recycling and disposal in a circular economy, with a strong focus on sustainability.

The French government announced a financial package in July 2020 to bolster its aerospace industry. Within the larger package, 1.5 billion Euros will be made available between now and the end of 2022 to accelerate development of a new “green” aircraft powered by hybrid propulsion. The funds will be allocated to French primes contractors and their supply chains through the government aero research entity CORAC. The emphasis will be twofold: saving up to 30 percent in fuel, with a possibility of burning 100 percent biofuels, and then moving to hydrogen as the primary fuel. Entry in service date is planned for 2035, an extremely ambitious goal. Access to this funding is restricted to local industry or foreign firms with production and/or R&D facilities in France.

Additionally, it will be essential to establish hydrogen delivery and refueling infrastructure. A technological development agreement was signed last September between Engie and Ariane Group to develop an installation to liquefy hydrogen, for use in the aviation and maritime sectors. ArianeGroup's Vernon site, which develops the propellant for Ariane 5 and 6 rockets, masters the components and materials that can withstand the very high pressures and temperatures essential for the development of systems capable of producing liquid hydrogen at - 252.87 ° C, transport it

Automotive Opportunities

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Autonomous Vehicles

Through the Motor Vehicle Management Act, the Republic of Korea (ROK) permits a prospective autonomous vehicle operator to operate an autonomous vehicle for testing and research purposes, as long as the operator acquires a temporary operation permit from the Ministry of Land, Infrastructure and Transportation (MOLIT). Automakers, IT companies, academia, and research institutions have previously been issued the relevant permits.