Daily Archive: November 24, 2020

Boeing shares pop as European regulators prepare for the ungrounding of the 737 Max

Boeing’s share price rose more than 4% in pre-market trading after European aviation regulators signaled an imminent return to the skies for the currently-grounded 737 Max.

On Tuesday morning the EU Aviation Safety Agency (EASA) published its draft approval for an end to the aircraft’s forced hiatus, which has lasted nearly two years—the 737 Max was grounded worldwide in 2019 following a pair of crashes that killed hundreds of people.

The move is now subject to a 28-day consultation period, meaning the plane could be formally ungrounded in mid-January. However, EASA first wants changes made to the aircraft that are mostly in line with those demanded last week by the U.S. Federal Aviation Administration (FAA).

The FAA also cleared the Boeing aircraft for service, leaving China’s aviation authority as the big hold-out on that front.

“Objective and independent”

“EASA made clear from the outset that we would conduct our own … Read More

EU says it could be self-sufficient in electric vehicle batteries by 2025 By Reuters

© Reuters. FILE PHOTO: An electric car is charged from an Iberdrola electric car charging station in central Bilbao

By Kate Abnett

BRUSSELS (Reuters) – The European Union could produce enough batteries by 2025 to power its fast-growing fleet of electric vehicles without relying on imported cells, European Commission Vice President Maros Sefcovic said on Tuesday.

As part of its plan to become climate neutral by 2050, the EU wants to boost local production of the building blocks for green industries – including hydrogen fuel to make low-carbon steel and batteries to power clean vehicles.

“I am confident that by 2025, the EU will be able to produce enough battery cells to meet the needs of the European automotive industry, and even to build our export capacity,” Sefcovic told the online European Conference on Batteries.

Today, China hosts roughly 80% of the world’s lithium-ion cell production, but Europe’s capacity is

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