Steel Markets
ArcelorMittal Partners with Atlis Motor Vehicles for EV Development
Written by Becca Moczygemba
September 6, 2022
ArcelorMittal is committed to EV. The Luxembourg-based steel company recently announced a collaboration to provide its steel knowledge to Atlis Motor Vehicles.
ArcelorMittal will provide its S-in motion® solutions to hasten the design process. Currently, Atlis is developing a fully electric truck that will be designed for individuals working in the agriculture, service, utilities, and construction industries. According to ArcelorMittal, the S-in motion® solutions are used to make lighter cars at a more affordable cost.
“S-in motion® is a set of steel solutions developed by ArcelorMittal for carmakers who wish to create lighter, safer and more environmentally friendly vehicles,” ArcelorMittal said on its website. The solutions include closures, chassis parts, seats, and battery packs.
As many manufacturers seek to move towards a carbon-neutral approach, Atlis is racing to meet forthcoming demands for EVs. “This is the latest example of how we source key technology and materials from strategic suppliers to meet the demanding performance characteristics needed in emissions-free electric work trucks,” said Mark Hanchett, CEO of Atlis Motor Vehicles.
“This agreement is part of our larger commitment to the path to net zero, and our innovation in steel solutions will now help with the transition to a BEV fleet,” said Greg Ludkovsky, vice president of global research and development for ArcelorMittal.
Have some news or want to talk steel? Email me!
By Becca Moczygemba, Becca@SteelMarketUpdate.com
Becca Moczygemba
Read more from Becca MoczygembaLatest in Steel Markets
CRU: China’s indirect steel exports find new destination markets
The boom in China’s direct steel exports has not stopped this year, even with a rise in protectionist measures globally. The increase is driven by...
Great Lakes iron ore cargoes down in September as Cleveland tonnage slips
Iron ore shipments from US Great Lakes ports fell sharply in September, per the latest from the Lake Carriers’ Association (LCA) of Westlake, Ohio.
HVAC equipment shipments down through August
Although total HVAC shipments fell in August, YTD volumes remain relatively strong. Nearly 15 million units were produced in the first eight months of the year, the fourth-highest rate in our 19-year data history.
Sheet market sources slam tariffs for prolonged demand slump
Tariffs are ultimately to blame for stagnant demand in the hot-rolled coil market, domestic market sources tell SMU.
Week in Review: Sept. 29 -Oct. 3
Let’s take a quick tour of some key stories from SMU in the week of Sept. 29 - Oct. 3.