Stellantis And Samsung to Invest $2.5 Billion 💰 at Indiana EV Battery 🔋 Plant

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Stellantis And Samsung to Invest $2.5 Billion 💰 at Indiana EV Battery 🔋 Plant

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Stellantis, a leading global automaker & provider of innovative mobility solutions, has chosen Indiana to build its lithium-ion battery cell and module plant, to support its plans for a growing portfolio of electric vehicles.

The $2.5 billion factory in Kokomo, Indiana, will be built in partnership with Samsung SDI. The plant will have an initial capacity of 23 gigawatt-hours when it begins production in 2025; however, it will be designed to expand to 33 gigawatt-hours in the next few years, bringing the investment level to $3.1 billion.

The new location places the battery plant near other production facilities of Stellantis, including engine, transmission, and casting plants, which are already getting ready for electric vehicles.

With the addition of an EV battery factory, Stellantis is looking to accelerate its push to electrify the vast models in its lineup.

The automaker, which has been slower to embrace EVs than some other companies, is targeting the sale of 5 million EVs by 2030.

Almost 2 in 10 Amazon Delivery Drivers 🚛 Suffered Injuries in Last Year, Says Report

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Delivery drivers at Amazon have sustained higher injury rates than others in the same line of work for different courier and delivery companies, according to federal workplace injury data analyzed by the union-backed Strategic Organizing Center (SOC).

The report says that almost two out of every ten drivers of Amazon delivery service partners in 2021 experienced injuries while at work. More than half of those had to miss their duties due to severe injuries.

According to data from a workers’ compensation insurer in Colorado, the most common injuries suffered by Amazon drivers include slips, trips & falls; muscle strains; dog bites; vehicle accidents; and striking objects such as fence posts.

The SOC report found that contracted Amazon delivery drivers experience injuries at almost 2.5x the rate of the non-Amazon delivery industry.

The report also found that last year, one in seven Amazon drivers experienced injuries that were so severe that they either could not perform their regular job or were forced to miss work altogether.

Ten Percent Households in Eurozone 🇪🇺 Population Centers Own Crypto, Says ECB

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According to a report published by the European Central Bank (ECB), nearly 10% of survey participants in international locations said they owned cryptocurrencies.

The survey included respondents from six Eurozone areas- the Netherlands, Spain, Italy, Belgium, France, and Germany.

Out of this group, only 6% of survey participants said they own digital assets worth more than 30,000 Euros, while 37% of respondents said they owned up to 999 Euros in crypto.

Among the countries surveyed, investors in the fifth income quintile (or the wealthiest 20% of the population) constantly had the biggest proportion of crypto ownership relative to other income groups.

The Consumer Expectation Survey, which was included in a new report published by the ECB the same day, asked adults aged 18 to 70 about the rising adoption of crypto belongings regardless of their threat elements.

As cited by the ECB, 56% of respondents in a recent Fidelity survey stated they’d some publicity to crypto-assets, up from 45% in 2020.

The survey also found that young adult males and highly educated respondents were more likely to invest in crypto-assets in the countries surveyed.

Freight Forwarder Nowports Raises $150 Million in Series C Funding 💰

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Nowports, a freight forwarder based in Mexico, has raised $150 million in its Series C funding round at a valuation of $1.1 billion.

The funding was led by SoftBank Latin America Fund, along with participation from other investors like Tiger Global, Soma Capital, Broadhaven Ventures, Foundation Capital, Monashees, Mouro Capital, Tencent, and Base10 Partners. Daniel Vogel (CEO of Bitso), Ricardo Amper (founder and CEO of Incode), Alex Bouaziz (co-founder and CEO of Deel), as well as Roger Laughlin (founder and CEO of Kavak) also participated in the funding.

Founded in 2018 by Alfonso De Los Rios and Maximiliano Casal, Nowports is a digital freight forwarder that automates the supply chain process of companies.

The company uses AI to make the import process easy, secure, and transparent to help companies and individuals manage their imports and exports in real-time.

Nowports will use the fresh funds for expanding financing services in Latin America, enabling companies to increase their imports and exports with fintech.

The startup also plans to use the capital to develop a more robust platform to meet market needs.

Around the Web 🌐

Mercado Bitcoin And Stellar Partner on CBDC Project: Cryptocurrency exchange Mercado Bitcoin has partnered with the Stellar Development Foundation (SDF) to develop one of the nine projects selected for the LIFT Challenge Real Digital promoted by the Central Bank of Brazil. The project aims to explore use cases for a central bank digital currency (CBDC) in the Latin American region.


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