NIO and Shell to Collaborate on EV Battery Swapping in China and Europe

Chinese EV co NIO and Shell team up to grow battery swap network; ABB orders $5.3 mn of hydrogen fuel cell systems to power 200 KW off-grid EV Fast Charging Stations; Chinese EV OEM car Xpeng plans to expand beyond Norway into Sweden, Denmark, and Netherlands in 2022; Mercedes-Benz and Stellantis investing unspecified amount in solid state battery cell developer, Factorial Energy; Per BNEF, avg li-ion battery pack prices down 89% since 2010, from $1,200/kWh in 2010 to $132/kWh in 2021,, w/6% drop last year; IEA reports over 100 carbon capture & storage projects in global pipeline.

1) Chinese EV OEM NIO and Shell partnering to develop 100 charging/battery swap facilities in China & Europe.
2) ABB orders $5.3 million worth of hydrogen fuel cell systems from AFC Energy to power 200 KW EV Fast Charging Stations in off-grid applications.
3) Chinese EV OEM car Xpeng expanding from initial market in Norway into Sweden, Denmark, & Netherlands next year.
4) Mercedes-Benz and Stellantis invest in solid state battery cell developer Factorial Energy.
5) BNEF says avg l-iion battery pack prices down from $1,200/kWh in 2010 to $132/kWh in 2021 (89% decline), w/ a drop of 6% last year. However, prices rebounding somewhat on commodity squeeze. BNEF also sees pronounced move away from expensive cobalt-based to lithium iron phosphate batteries (30% cheaper).
6) IEA reports over 100 carbon capture and storage projects announced this year. Historically, < 3 mn tons of CO2 capture capacity added annually in recent years, w/total global capacity cumulatively at 40 mn tons. IEA says about 1.6 billion tons must be achieved by 2030 in its roadmap to net zero global emissions by 2050.