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The London-listed sustainable energy firm Johnson Matthey will invest $95m in a polymer electrolyte membrane fuel cell production plant. In case that sounds like gibberish to anybody else -the alternative energy source pulls hydrogen and oxygen from the air to produce electricity.
The factory will begin operations in the first half of 2024 with an annual production of 3 gigawatts.
TL:DR — A high-ranking S. Korean-based auto park maker is pulling a divide and conquer, while SK Group, the 2nd largest individually controlled S. Korean conglomerate, invests in safe chargers for apartment buildings. Each move feels like an investment in being key players in the global shift toward electrification.
