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Stock impact report

Rio Tinto and China's State Power Investment Corporation partner to trial battery swap truck technology [Yahoo! Finance]

Rio Tinto Plc (RIO) 
US:NYSE Investor Relations: riotinto.com/investors-87.aspx
Company Research Source: Yahoo! Finance
battery swap electric haul truck technology at the Oyu Tolgoi copper mine in Mongolia. Battery swapping technology allows a battery electric vehicle to quickly exchange a discharged battery pack for a fully charged one, instead of recharging the vehicle at a static charging station. The technology is already applied on haul trucks in mining operations across China, and this collaboration will enable Rio Tinto to demonstrate a complete battery electric truck and charging ecosystem at one of its operations. The two-year project will demonstrate eight mining haul trucks (91 tonne payload), 13 batteries (800kWh), and a robotic battery swap and charging station in non-production activities in the aboveground operations at Oyu Tolgoi. Rio Tinto operates about 700 haul trucks across its global operations, of which 100 are classified as small or medium class (100 – 200 tonne payload). Rio Tinto Chief Decarbonisation Officer Jonathon McCarthy said: "By partnering with the State Power Show less Read more
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