Markets
Stellantis invests additional $55 million in Archer
Following Midnight’s recent flight test milestone, the automaker’s strategic funding agreement buildings on $39 million worth of Archer stock and $110 million investment in 2023.
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COPVs designed, qualified for demanding aerospace, automotive applications
CAMX 2024: Hexagon Purus showcases its portfolio of Type 3 and 4 COPVs which can be configured to meet a variety of needs.
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Eve receives $94 million additional equity to support eVTOL development
New capital financing includes equity injection participation from large strategic industrial companies and diversified investors.
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Cryostar, Verne to develop heavy-duty CcH2 fueling solutions
The parties will develop composites-intensive station equipment capable of refueling both compressed hydrogen and CcH2, enabling low-cost, future-proofed refueling stations.
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AIR presents cargo-focused eVTOL aircraft
AIR’s eVTOL offerings now include an unmanned variation of AIR One for cargo and logistics use, featuring its agile design across different use cases.
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Eve names suppliers for eVTOL windows, doors and fuselage
Long-term supply agreements include KRD for windows, Latecoere for the aircraft’s doors, as well as Rallc and Alltec supplying composites expertise for fuselage development.
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Midnight production aircraft completes full transition flight
This is Archer’s second full-scale eVTOL aircraft to achieve this milestone, critical to being able to carry commercially viable passenger payloads.
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Honda begins production of 2025 CR-V e:FCEV with Type 4 hydrogen tanks in U.S.
Model includes new technologies produced at Performance Manufacturing Center (PMC) in Marysville, Ohio, which is part of Honda hydrogen business strategy that includes Class 8 trucks.
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Archer announces Part 135 certification to begin operating commercial aircraft
The composite eVTOL developer has now received two key operational certificates required from the FAA to begin operations when Midnight receives type certification.
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Hexagon Composites sells LPG business, acquires 49% of Worthington's SES business
Ragasco composite cylinders for LPG will become part of Worthington’s Building Products business, while Hexagon/Worthington Enterprises JV will target expanding storage and transport of CNG and hydrogen.
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