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    Lighter and safer: The evolving market of battery pack enclosure
    The bid to make lithium-ion (Li-ion) batteries more efficient and safer has been an ongoing process, with discussions mostly revolving around cell technology and chemistry advancements. As the traditional Li-ion cell chemistries approach the advancement ceiling, avenues other than the cell are being considered for increasing the safety and efficiency of batteries. Battery pack enclosures have become an intrinsic part of the discussions around battery pack performance and their overall impact ...
    Insights
    BMW's recall rumble: Brake-by-wire woes
    BMW has initiated a recall involving over 1.5 million vehicles globally, citing issues with the integrated braking system (IBS) supplied by Continental AG. This recall encompasses significant models such as the BMW 5-Series, 7-Series, Rolls-Royce Spectre, Mini Cooper, Mini Countryman and numerous BMW crossovers. The defect lies in the brake-by-wire (BBW) technology, an innovative system aimed at enhancing braking efficiency through electronic signals rather than traditional hydraulic mechanisms....
    Insights
    Tata Motors explores battery as a service to cut EV prices
    Tata Motors is considering the implementation of a battery-as-a-service (BaaS) model for its electric vehicles such as the electric variants of the Tiago, Punch, Tigor, Nexon and others, to reduce their ex-showroom prices by 25-30%, Moneycontrol reported, citing sources. This model, where consumers purchase the EV without the battery and instead pay for battery usage on a per-kilometer basis, aims to make EVs more affordable for consumers. While this plan is still in the planning stages,...
    News
    General Motors ends Ultium branding for EV batteries amid strategy shift
    General Motors (GM) has announced that it will no longer use the Ultium brand name for its electric vehicle batteries and supporting technologies, despite having heavily marketed the name through initiatives including consecutive Super Bowl ads in 2021 and 2022. The decision was disclosed ahead of an investor event where GM executives discussed strategies to reduce battery costs and diversify battery chemistries. GM confirmed its aim to produce and wholesale about 200,000 EVs for North A...
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    Terra Charge opens EV charging hub with 71 chargers in Delhi NCR
    Terra Charge, a leading charge-point operator (CPO) in India, has opened its latest public electric vehicle charging hub in Ghaziabad, Delhi National Capital Region (NCR), India, according to a news report published by News18 on Oct. 4. The public EV charging hub is located at Village Morta on the Delhi-Meerut Highway, near Pillar No. 682, the report said, adding that the facility houses a total of 70 slow chargers with a capacity of 3.3 kW each and one DC fast charger, which delivers pe...
    News
    Gatik partners with experts on rigorous safety audit of its autonomous delivery operations
    As reported in a press release on Oct. 8, Gatik AI Inc., a company specializing in autonomous middle-mile logistics, has announced a significant step toward enhancing safety in autonomous trucking by committing to a comprehensive safety case assessment for its Freight-Only operations across North America. This initiative, which Gatik describes as the most thorough evaluation of its autonomous driving system, involves third-party assessments and aims to set a new standard for safety in the indust...
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    LeddarTech announces strategic license agreement with Solid State LiDAR Protection Inc.
    LeddarTech, an automotive software company that provides the patented AI-based, low-level sensor fusion and perception software technology, LeddarVision, for advanced driver assistance systems, autonomous driving and parking applications, has announced the conclusion of a strategic license agreement with Solid State LiDAR Protection Inc. This partnership grants Solid State LiDAR Protection the rights to produce and market LeddarTech’s advanced Lidar module and sensor products. Und...
    News
    BYD keen on manufacturing electric cars in India
    Chinese electric-car maker BYD is keen to start full-scale manufacturing operations in India, according to a news report published by Autocar Professional on Sept. 30. Citing Rajeev Chauhan, who heads the Electric Passenger Vehicles (EPV) Business at BYD India, the report mentioned that while BYD is keen on locally producing electric cars in India, until that is finalized, the company will continue offering its global electric vehicle models to Indian consumers. Currently, the carmaker operat...
    News
    Jolt Energy collaborates with the city of Stockholm to provide EV fast-charging stations
    Jolt Energy, a leading charge-point operator (CPO) in Europe, has launched its high-power charging network (HPC) in Greater Stockholm in cooperation with the city of Stockholm, the company announced Oct. 10. The move is in line with the city of Stockholm’s strategy to reduce greenhouse gas emissions from the transport sector by 70% by 2030. Stockholm’s goal is backed by the introduction of environmental zones in the central parts of the city, where internal combustion engine (ICE) vehicle...
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    Li Auto expands chip R&D efforts in Hong Kong, aims for mass production of AI inference chips by 2026
    Li Auto is setting up a chip research and development office in Hong Kong, with plans to hire AI chip architects, Pandaily reported Oct. 9, quoting media outlet LatePost. The new office is envisioned as an international technology exchange center and falls under the Li Auto Chip Preliminary Research Department, aiming to recruit a team of about 10 people. These positions are considered equivalent to technical experts or senior experts at major domestic internet firms, indicating the high leve...
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    Gridserve unveils extensive EV charging upgrades at Moto’s Rugby site in the UK
    Gridserve has upgraded the electric vehicle charging hub at the Moto Rugby, which is located at the junction 1 of the M6 in the UK, with 24 high-power charging bays, doubling the number of available EV charging bays at the busy site, the company announced Oct. 4. It said that the new high-power EV charging bays are the latest addition to Moto and Gridserve’s nationwide effort to transform access to EV charging facilities and prevent charging anxiety for EV motorists. The Electric Su...
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    German battery company Varta AG gets support for its restructuring plan, secures short-term bridge financing
    German battery company Varta AG has announced Oct. 7 that it has achieved another milestone with the signing of material agreements as part of its restructuring concept disclosed Sept. 18. The company said that it has entered into a lock-up agreement with several syndicated loan lenders and lenders of the promissory notes as well as other relevant parties. The agreement contains the obligation on the part of the undersigned syndicated loan lenders and lenders of the promissory notes to suppor...
    News
    Northvolt AB's subsidiary Northvolt Ett Expansion AB files for bankruptcy
    Northvolt AB's subsidiary Northvolt Ett Expansion AB, which has no direct employees and is managing its construction project, has filed an application for bankruptcy at the District Court of Stockholm, Northvolt announced Oct. 8. The move to file for Northvolt Ett Expansion AB’s bankruptcy follows management decision to suspend the battery plant expansion project in September. “The application was filed due to the financial situation of Ett Expansion AB,” the Swedish battery-maker sa...
    News
    ElringKlinger sells units to Certina Group in strategic shift
    ElringKlinger, an automotive industry group, has decided to sell its companies located in Sevelen, Switzerland, and Buford, Ga., to the Certina Group, a decision announced on Oct. 7. This move comes as part of ElringKlinger's strategic reorientation to focus on its core capabilities amid the automotive industry's significant shifts, especially in the production of thermal and acoustic shielding technologies in Europe and North America. The transaction, expected to be finalized by the end...
    News
    Elkem to showcase battery solutions at The Battery Show 2024 in Detroit
    Elkem, a notable provider of silicone solutions, has announced its participation in The Battery Show in Detroit. The company will be showcasing its range of battery assembly solutions, including the BLUESIL RT Foam, BLUESIL ESA and CAF product lines, which cater to thermal insulation, thermal management, electronic protection, and sealing and bonding applications, respectively. These products are designed to enhance the automation process in battery assembly for lightweight veh...
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    Adnoc to acquire German chemicals company Covestro
    Covestro AG has entered into an investment agreement with entities of the Adnoc Group, including Adnoc International Ltd. and its subsidiary, Adnoc International Germany Holding AG. Under the agreement, Adnoc International Germany Holding AG is set to make a public takeover offer for all outstanding shares of Covestro at €62 per share. The transaction, valuing Covestro at approximately €11.7 billion, includes a 10% share capital increase by Covestro, resulting in €1.17 billion proceeds ...
    News
    Rivian seeks US DOE loan for new Georgia factory
    Rivian has submitted a loan application to the US Energy Department (DOE) seeking financial support for the construction of its new factory in Georgia, US, according to Green Car Reports on Oct. 4, citing Reuters. Further details about the loan application, including requested amount or terms, are not yet public. The electric-car company plans to initiate partial operations at this facility by the third quarter of 2027, with the first segment of its production capacity expected to be ful...
    News
    Nio, CYVN Holdings establish JV company to tap into the Middle East, African markets
    Chinese electric-car maker Nio has partnered with Abu Dhabi, United Arab Emirates-based CYVN Holdings, which is also a leading investor in the company, to launch a joint venture named Nio MENA, the company announced Oct. 4. The collaboration will mark Nio’s entry into the Middle East and North Africa (MENA) markets as part of the company’s global expansion strategy. Tapping into the MENA region, Nio aims to introduce its cutting-edge electric vehicle solutions to more users and contribute...
    News
    Hyundai Metaplant commences production operations in the US ahead of schedule
    Hyundai Motor’s Metaplant in Georgia, US, has commenced initial production operations ahead of schedule, according to a news report published by WSAV Daily on Oct. 4. The publication contacted the Hyundai Motor Group Metaplant America (HMGMA) on Friday (Oct. 4) and received a statement from the carmaker, confirming the development. “After validating its production processes to ensure its vehicles meet Hyundai Motor Group’s high quality standards, HMGMA has started initial production ...
    News
    LG Energy Solution unveils new vision for global energy ecosystem expansion
    LG Energy Solution (LGES) has introduced its new corporate vision Empower Every Possibility, with ambitions to extend its reach beyond battery manufacturing into the core of the global circular energy ecosystem. This vision, announced for the first time since the company's establishment at the end of 2020, emphasizes LGES' move toward becoming a comprehensive energy solution provider, focusing on both hardware and software, while facilitating the complete cycle of energy from storage to movement...
    News
    London boosts EV charging with lamppost conversion
    In a press release dated Sept. 19, Shell Ubitricity informed that in London, UK Power Networks has announced a significant advancement in electric vehicle charging infrastructure by revising guidance that now permits the utilization of lampposts as charging points. This development is a result of collaborative efforts and technical assessments conducted with Shell Ubitricity, the UK's largest public charge-point operator. The studies have demonstrated that 5-kW chargepoints can be safely inst...
    News
    SCALE to introduce self-driving shuttle route in Solihull
    The Solihull & Coventry Automated Links Evolution (SCALE) project is set to introduce a new autonomous shuttle service for visitors at the National Exhibition Centre (NEC) in the UK, aiming to explore the future possibilities of autonomous vehicles within the transport system, according to a press release on Oct. 1. The pilot will feature three electric self-driving shuttles built by Ohmio, a New Zealand-based autonomous vehicle manufacturer, to transport passengers along a 7-kilometer ro...
    News
    Xpeng to continue expansion across Europe, targets 20 sales outlets in Sweden by end 2024
    Xpeng Motors, a leading electric-car maker from mainland China, looks to continue its expansion drive across Europe in the second half of the year, with plans to launch electric vehicles in key markets such as Spain, Portugal and the UK, the company announced Oct. 7. Meanwhile in Sweden, the EV maker, which has increased its retail network from two sales outlets to 10 within a year, plans to open another 10 sales outlets by the end of 2024, taking the total number of Swedish sales outlets to ...
    News
    Zero Impact Solutions to offer turnkey software solution for commercial clients of Enel X Way USA
    Zero Impact Solutions, a leading provider of turnkey software solutions for electric vehicle charging stations, solar power, fleet electrification and energy storage solutions, announced Oct. 4 that it plans to provide software solutions for the commercial EV charging customers of Enel X Way USA. Enel X Way USA has shut down its EV business in the US and Canada, abruptly closing down its services for commercial and home EV charger hardware business. Zero Impact Solutions has been a reselle...
    News
    Enel X Way plans to shut down its EV charging services in North America
    Enel X Way North America will shut down its electric vehicle business in the US and Canada, abruptly closing down its services for commercial and home EV charger hardware business, according to a news report published by The Verge on Oct. 3. Enel X Way operated its home EV charger business in North America under the JuiceBox brand. Citing a statement posted on the JuiceBox website, the report mentioned that the company will close down its services on Oct. 11, but it is turning off all...
    News
    EVgo secures up to $1.05 billion loan guarantee to expand US charging network
    EVgo, a leading public fast-charging network for electric vehicles in the US, has announced its receipt of a conditional commitment for a loan guarantee of up to $1.05 billion from the US Energy Department (DOE) Loan Programs Office. This financing, provided under the DOE's Title 17 program, is intended to significantly enhance EVgo's infrastructure, specifically aiming to add about 7,500 new DC fast-charging stalls across the nation by 2030. The states expected to see the most development inclu...
    News
    CATL’s production site in Ningde, Fujian, catches fire, no casualties reported
    In a rare incident, a fire broke out at CATL’s production base in Ningde city, Fujian province, mainland China, where the company is headquartered, according to a news report published by CnEVPost on Sept. 29. The report cited a local media outlet Cailian. It said that the battery-maker was quick to control the fire at its factory, the staff was evacuated in time, and no casualties or injuries are reported. Although the local media outlet reported that the factory fire was huge, CAT...
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    Stellantis rolls out Ram 1500 pickup trucks with 3-liter Hurricane engines in Europe
    Stellantis has introduced the new Ram 1500 pickup truck that offers more performance and fuel efficiency with the new 3.0-liter (L) Hurricane engine family in Europe, the carmaker announced Oct. 1. According to Stellantis, one of the new Ram 1500's highlights is its payload of 1 metric ton and its towing capacity, which is maintained at the maximum level in Europe, giving customers the possibility to tow up to 3.5 metric tons, whether for leisure or work purposes. The new Ram 1500 is ...
    News
    AmpUp secures $15 million in Series A funding
    Electric vehicle charging software startup AmpUp has successfully closed its Series A funding round, securing $15 million to fuel its market expansion and advance its portfolio of energy management solutions, the company announced Oct. 3. The funding round was led by Touchdown Ventures, along with several new investors including Autotech Ventures, MUUS Climate Partners and others such as Holman, Goodyear, and WEX Venture Capital. “Their support will enable us to enhance our offerings and...
    News
    Brembo divests entire equity stake in Pirelli for €282.9 million
    Brembo has divested its entire 5.6% equity stake in Pirelli for €282.9 million, the company said in a press release. The company completed the placement of the 55.8 million ordinary shares of the Italian tiremaker at the price of €5.07 each share through an accelerated bookbuilding process it launched on Tuesday (Oct. 2). Reuters reported that Camfin, the second largest shareholder of Pirelli, bought an additional 2.5% stake in the tire company, raising its shareholding to 25.28%. Camfin ...
    News
    Ford Motor to offer complimentary home charger on each EV model in the US
    Ford Motor Co. plans to offer a complimentary home electric vehicle charger with the purchase or lease of any Ford electric vehicle, the company said in a note authored by Ford President and CEO Jim Farley on Sept. 30. The note was originally published on LinkedIn by the senior executive. Besides offering access to convenient public EV charging via Tesla’s Superchargers and the network of Electrify America, Ford now plans to offer home EV chargers to every Ford EV customer with a free-...
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    Battery electrode startup Anaphite raises $13.7 million in Series A funding
    UK-based battery electrode startup Anaphite has raised £10.4 million ($13.7 million) in a Series A funding round coled by World Fund and Maniv, the company disclosed on its LinkedIn handle on Oct. 1. Energy and Environment Investment (EEI), Nesta, also participated alongside existing investors Elbow Beach Capital, Wealth Club, Blue Wire Capital and Silicon Roundabout Ventures. Launched in 2018 by chemist Sam Burrow (chief technology officer) and physicist Alexander Hewitt (COO), and led by J...
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    Fastned secures tenders to build EV charging stations on 11 new sites along Swiss highways
    Amsterdam-headquartered charge-point operator (CPO) Fastned has secured 11 new locations to construct fast-charging hubs in the Federal Roads Office (FEDRO) project tender in Switzerland, the company announced Oct. 1. It can be recalled that earlier, FEDRO had put out a tender for five lots, each with 11 locations spread across Switzerland, for the construction of electric vehicle charging stations. The application required a comprehensive dossier, which was evaluated using a points syst...
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    Hurricane Helene disrupts high-purity quartz mining in North Carolina
    In North Carolina, US, the aftermath of Hurricane Helene has led to the shutdown of facilities operated by Sibelco Group and The Quartz Corp., both pivotal in mining high-purity quartz essential for semiconductor production, as reported by Automotive News on Oct. 2. These shutdowns, initiated on Sept. 26 due to the hurricane's severe flooding, have sparked concerns over potential impacts on the global semiconductor supply chain. This interruption is particularly significant, given the locatio...
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    Recycling startup Cyclic Materials raises $53 million in Series B funding round
    Recycling technology startup Cyclic Materials, which is known for developing advanced recycling processes for rare earth elements (REEs) and other critical materials, has successfully raised $53 million in its Series B equity round, the company announced Sept. 25. The funding round was led by ArcTern Ventures and supported by new investors BDC Capital’s Climate Tech Fund, Hitachi Ventures, Zero Infinity Partners, Climate Investment, and Microsoft’s Climate Innovation Fund. Existing i...
    News
    Hanon Systems secures 600 billion won investment from Hankook Tire
    Hanon Systems, a global provider of automotive thermal energy management solutions, announced an expansion of its third-party allotment capital increase initially disclosed on May 3. With revised terms, the company plans to issue approximately 145 million shares at 4,139 won (about $3.15) each, raising a total of 600 billion won, exclusively funded by Hankook Tire & Technology. This adjustment increases the initial capital from 365.1 billion won to 600 billion won. The capital raised will...
    News
    NanoGraf receives $60 million grant from DOE to build silicon anode factory in Michigan
    NanoGraf, a company specializing in advanced silicon anode battery material, announced receipt of a $60 million grant from the US Energy Department's (DOE's) Office of Manufacturing and Energy Supply Chains, under the Bipartisan Infrastructure Law (BIL). This grant will be used for a project in Flint, Mich., to transform an existing manufacturing facility into one of the world's largest silicon anode material factories. The entire project, valued at a combined $175 million with additional inv...
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    Alpitronic HYC400 becomes first 400-kW charging system with UL certification in Europe
    In a press release dated Sept. 26, UL Solutions announced that the Alpitronic HYC400 electric vehicle charger has become the first 400-kW system to receive UL certification from UL Solutions in Europe, according to the standards set by UL 2202 for DC charging equipment for EVs. This certification marks Alpitronic's strategic entry into the North American market, highlighting UL Solutions' ongoing efforts to support the adoption of EVs globally. UL Solutions, a leader in applied safety sc...
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    Cabot Corp. to negotiate DOE grant for new battery materials facility
    Cabot Corp., recognized as a global specialty chemicals and performance materials company, has been chosen for an award negotiation with the US Energy Department (DOE) that could provide up to $50 million in funding. This grant, which originates from the Bipartisan Infrastructure Law, aims to support the development of a new manufacturing facility in the US for the production of battery-grade carbon nanotubes (CNTs) and conductive additive dispersions at a commercial scale. These materials ar...
    News
    Safire Technology Group raises $8 million to advance battery safety
    Safire Technology Group, based in Knoxville, Tenn., announced the securing of $8 million in new financing in a Pre-Series A round led by Canaan Partners, including support from Correlation Ventures, Higher Life Ventures, Ajinomoto Co. Inc. Automotive Ventures, Outpost Ventures, Potomac Angel Capital and MaC Venture Capital. This funding, which increases its total funding to $11 million, will support the further development of Safire Group's SAFIRE technology. SAFIRE aims to set new safet...
    News
    Solid Power selected for up to $50M funding from US DOE for battery tech advancement
    Solid Power, a developer of solid-state battery technology, has been chosen by the US Energy Department's (DOE) Office of Manufacturing and Energy Supply Chains to commence award negotiations for up to $50 million from the Bipartisan Infrastructure Law. This funding aims to back the installation of a groundbreaking continuous manufacturing process for sulfide-based solid electrolyte materials, crucial for advanced all-solid-state batteries (ASSBs), at Solid Power's Thornton, Colo., facility. ...
    News
    EnerSys selected by DOE for $199 million grant for lithium-ion cell factory
    EnerSys, a global leader in stored energy solutions for industrial applications, has announced its selection by the US Energy Department (DOE) to negotiate for funding amounting to $199 million. This funding aims to support the establishment of a lithium-ion (Li-ion) cell production facility in Greenville, SC, under the US government's Bipartisan Infrastructure Law (BIL), which allocates $62 billion for battery materials processing and battery manufacturing grants. The goal of these gran...
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    EV charging technology startup AmpUp closes $15 million in Series A funding
    California-based electric vehicle charging software startup AmpUp has successfully secured $15 million in its Series A funding round, led by Touchdown Ventures, the company announced Sept. 26. Additional new investors who participated in the funding round include Autotech Ventures (Autotech) and MUUS Climate Partners (MUUS), with participation from Holman, Goodyear, Foothill Ventures, WEX Venture Capital, TechNexus Venture Collaborative, Powerhouse Ventures, and Connecticut Innovations, ...
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    LG Energy Solution launches a new brand for its battery management solution business
    LG Energy Solution (LGES) has launched a new brand for its battery management total solution (BMTS) services, B.around, on Sept. 25. The company, which recently announced its plan to explore opportunities beyond battery manufacturing to extend its customer value and promote safer use of batteries, aims to accelerate its foray into the BMTS business with this launch. A battery management system (BMS) utilizes various battery-related data to examine the battery’s condition and ensure optimal ...
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    Leapmotor begins sale of C10, T03 EV models in 13 European countries
    Advancing its global expansion plan with partner Stellantis, Chinese electric-vehicle maker Leapmotor has officially launched its C10 and T03 models in Europe, according to a news report published by CnEVPost on Sept. 24. The report said that the models are already on sale in 13 countries, including France, Germany, Greece, Italy, Luxembourg, Malta, the Netherlands, Portugal, Romania, Spain, Switzerland and the UK. The models will be sold under Leapmotor International, which is a 51/49 joint ...
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    Mercedes-Benz begins local assembly of EQS SUV at its Pune, India, plant
    German luxury-car maker Mercedes-Benz has begun local assembly of its electric sport utility vehicle EQS at its Pune-based production plant in India, according to a news report published by The Financial Express on Sept. 16. Mercedes-Benz’s flagship electric SUV is currently imported into India in a completely knocked down (CKD) format to avoid higher tariffs imposed on importing the completely built units (CBUs). The company has launched the EQS SUV in the Indian market with an ex-showroom...
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    Group14 Technologies secures up to $200 million from US DOE for silane factory
    Group14 Technologies, a company at the forefront of advanced silicon battery materials, has been selected by the US Energy Department (DOE) for an award negotiation up to $200 million as part of the Bipartisan Infrastructure Law. This funding is intended to support the expansion of domestic battery manufacturing for electric vehicles and the electrical grid. This selection marks the second occasion Group14 has been chosen for a significant DOE grant under this law, following an initial $100 m...
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    Chinese smart-car maker Xpeng forays into Qatar
    Chinese electric-vehicle maker Xpeng Motors has signed an agreement with Pioneer Motors, a subsidiary of Qatar's Almana Group, designating the latter as the exclusive distributor for Qatar, the company announced Sept. 13. The move marks a significant milestone in Xpeng’s accelerated global expansion strategy, following its entry into the European, Middle Eastern, Asia-Pacific and African markets. The carmaker plans to launch the Xpeng G6, G9 and P7 models in the Qatari market by the...
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    Northvolt to cut 1,600 jobs, halts aggressive capacity expansion plans
    As part of its strategic review amid the global slowdown in the demand for battery-electric vehicles (BEVs), Swedish battery-maker Northvolt plans to cut approximately 1,600 jobs across its Skellefteå (1,000 positions), Västerås (400 positions) and Stockholm (200 positions) operations in Sweden, the company announced Sept. 23. All redundancies are subject to ongoing union negotiations, the company said in a statement. Northvolt’s revised scope of operations in Sweden includes focusing...
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    Wrena files for Chapter 11 bankruptcy to facilitate asset sale
    Wrena, a supplier of stamped structural and tubular components, assemblies and fine blank components, has filed for Chapter 11 bankruptcy protection voluntarily at the US Bankruptcy Court for the Eastern District of Michigan, the company said in a press release on Sept. 23. This strategic move is intended to facilitate the sale of the company's assets, aiming to maximize stakeholder value while ensuring the ongoing supply of quality products to its customers. This decision comes in the wake o...
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    Lucid Motors opens new office in Michigan to tap into local engineering talent
    Lucid Motors has inaugurated a new office in Southfield, Mich. This strategic move is aimed at leveraging Detroit's vast pool of engineering talent, particularly for roles in hardware engineering, research and development, and operations, as part of Lucid's expansion plans. The choice of Detroit underscores the company's desire to quickly onboard skilled professionals in a bid to stay competitive against other electric vehicle manufacturers such as Ford, General Motors, Tesla and Rivian, who ...
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    AE Elemental opens lithium-ion battery recycling plant in Poland
    AE Elemental, a joint venture of US-based Ascend Elements and Poland-based Elemental Strategic Metals, has opened its first commercial-scale electric vehicle battery recycling facility in Zawiercie, Poland, Ascend Elements announced Sept. 19. The newly opened facility can process 12,000 metric tons of used lithium-ion (Li-ion) batteries each year, estimated to be equal to 28,000 EV battery packs annually, making it one of the largest battery recycling facilities in Europe. The newly opened...
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    Italian DC charger manufacturer Alpitronic opens US headquarters
    Alpitronic, one of the leading global manufacturers of electric vehicle charging equipment, has opened its US headquarters in Charlotte, NC, as it expands into the North American market, the company announced Sept. 19. The move is part of the company’s larger strategy of expanding its global footprint while focusing on high-potential markets such as the US. Alpitronic’s new US headquarters houses a diagnostics laboratory and repair center, spare parts warehouse, a training center, an...
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    Forge Battery to expand North Carolina, US, gigafactory with $100 million US DOE award
    Forge Battery, a subsidiary of Forge Nano Inc., is set to negotiate a $100 million award with the US Energy Department's Office of Manufacturing and Energy Supply Chains (MESC) for the expansion of its North Carolina, US, lithium-ion (Li-ion) battery gigafactory. This funding aims to boost the facility's production from 1 GWh per year to 3 GWh per year to meet the rising demand for domestically produced battery cells. The expansion is supported by an additional $140 million from Forge Ba...
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    ChargePoint secures over $19 million for EV charging ports in California, US
    ChargePoint, a company specializing in networked electric vehicle charging solutions, has been awarded over $19 million through its partners to install 248 DC fast-charging ports at 45 sites along California, US, highways. This funding was approved by the California Energy Commission (CEC) and California Transportation Department as part of the National Electric Vehicle Infrastructure (NEVI) program's first funds allocation. The initiative aims to alleviate EV-charger congestion on some of Ca...
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    Shell launches its first public charging site for electric trucks in the UK
    Shell has launched its first public charging site designed for heavy-duty electric vehicles in the UK, according to a news report published by an online news portal Electrive on Sept. 20. The launch comes at a time when the commercial road transport landscape is rapidly evolving, and fleet operators are increasingly looking at zero-emission technologies for heavy trucks. Shell has installed a 400-kW DC fast charger at the Markham Moor truck stop in Nottinghamshire, UK. The DC fast charger off...
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    Blink Charging announces cost reduction plans, to lay off 14% of its headcount
    Blink Charging, a leading manufacturer, operator and provider of electric vehicle charging equipment and services, plans to reduce its operational costs with an aim of positioning the company for short- and long-term success amid current economic conditions, the company announced Sept. 17. Blink’s cost-reduction plan entails reducing the global personnel count by 14%, which it expects will lead to an annualized savings of approximately $9 million. The charge-point operator (CPO) plans to im...
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    Canoo expands operations in Oklahoma and Texas, US
    Canoo Inc., a technology equipment manufacturer specializing in electric cargo vehicles for commercial, government and fleet customers, announced Sept. 9 that it plans to migrate its engineering workforce to its two Oklahoma, US, locations — Oklahoma City and Pryor — and relocate its corporate headquarters to northern Texas, US. As a result of this move, approximately 137 engineering positions will relocate from California, US, to Texas and Oklahoma beginning in the fourth quarter of...
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    The Mobility House expands into Canada to push zero-emission transportation
    The Mobility House North America has announced the establishment of a corporation in Canada, marking a significant expansion of its mission to foster zero-emission transportation and energy through intelligent charging solutions. This initiative extends The Mobility House's global presence, which already includes operations in Munich, Paris, Zurich and Silicon Valley, Calif. The company is actively engaged in serving fleet customers across Canada, with eight substantial smart charging pr...
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    DeepDrive secures €30 million in Series B for electric motor technology
    DeepDrive, an innovative electric motor company based in Munich, has successfully closed an oversubscribed €30 million Series B funding round, following a €15 million Series A in March 2023. This round was led by Leitmotif, a US venture capital fund specializing in decarbonization, alongside contributions from all existing investors, including BMW i Ventures, Continental's corporate venture unit, UVC Partners, and Bayern Kapital through Wachstumsfond Bayern. The funding will sup...
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    Borealis joins Finnish Circular Economy Green Deal to promote sustainability
    Borealis has taken a significant step toward sustainability by joining the Finnish Environment Ministry's Circular Economy Green Deal (KGD), a program announced on Sept. 12, 2024. This initiative encourages organizations to adopt practices that minimize their use of natural resources and champion the transition to a low-carbon circular economy. With this move, Borealis aims to steer Finland's plastics industry toward sustainable practices, including the use of renewable raw materials, achieving ...
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    SKF to spinoff Automotive business as a separate publicly listed company
    Swedish automotive supplier SKF has decided to spinoff its Automotive business as a separate entity, which will be listed on Nasdaq Stockholm, the company announced in a press release on Sept. 17. The new company is expected to go public on Nasdaq Stockholm during the first half of 2026. SKF said that separating the Automotive business from its Industrial business will increase Automotive's ability to adapt faster to transforming global automotive markets by allowing it to make inde...
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    IAA Transportation 2024: Mahle unveils decarbonization innovations for commercial vehicle segment
    Mahle, a technology group, unveiled several innovative solutions aimed at accelerating the decarbonization of the commercial vehicle sector at IAA Transportation 2024 in Hanover, Germany, demonstrating the company's comprehensive expertise in the field. These exhibits include a fully integrated system for fuel cell trucks, featuring fuel cell peripherals, thermal management and a heavy-duty electric axle, as well as a highly efficient, bionic high-performance fan and an evaporative cooling syste...
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    Alcoa sells 25.1% stake in Ma’aden Joint Venture for $1.1 billion
    Alcoa, a leading global industry entity in bauxite, alumina and aluminum products, has reached an agreement to sell its 25.1% stake in the Ma'aden Joint Venture to the Saudi Arabian Mining Co. (Ma'aden) for a total of approximately $1.1 billion. This transaction comprises around 86 million shares of Ma'aden, valued at $950 million, and $150 million in cash. The completion of this transaction is contingent upon regulatory approvals, the endorsement of Ma'aden's shareholders and other stan...
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    ZF Lifetec inaugurates new Global Competency Centre in Hyderabad, India
    ZF Lifetec, the passive safety systems business division of the ZF Group, has inaugurated a new Global Competency Centre (GCC) in Hyderabad, Telangana, India, Autocar Professional reported on Sept. 12. The center, situated in Gachibowli's Wipro Circle, is dedicated to bringing innovations in passive safety systems, including airbags, seat belts and steering systems. It focuses on the integration of software, electronics and mechanical design to cater to both the India market and international cl...
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    Volvo expands use of low-CO2 steel in truck models
    Volvo has announced an expansion of its commitment to sustainability by increasing the usage of low-CO2-emission steel across its truck models. This initiative, originally implemented in its electric trucks in 2022, marks Volvo as the first truck manufacturer to adopt this environmentally friendly steel, called SSAB Zero, produced by the Swedish company SSAB. Unlike conventional steel, SSAB Zero is made from recycled materials and is produced using fossil-free electricity and biogas, allowing fo...
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    IAA Transportation 2024: Eaton to unveil hydrogen solutions for commercial vehicles
    Eaton, a company specializing in intelligent power management, plans to present a range of innovative solutions for hydrogen-powered commercial vehicles at the IAA Transportation 2024 event in Hanover, Germany. Eaton is expected to showcase its hydrogen recirculation blower based on TVS technology and solutions for hydrogen-powered internal combustion engines (ICEs). Scott Adams, the senior vice president of Eaton's Mobility Group, emphasized the company's belief in hydrogen's potential ...
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    Valmet Automotive spins off battery unit into independent entity named Ioncor
    Valmet Automotive has successfully transitioned its battery business to become financially and operationally independent, under the new name Ioncor. This change will be formally adopted on Oct. 1, marking the beginning of Ioncor's journey with its distinct brand identity. The evolution from Valmet Automotive's EVS business line to Ioncor comes after achieving gross sales of over €1.2 billion and a turnover of more than €200 million. Ioncor has established a strong foundation, employi...
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    Renesas showcases advanced technologies and India-centric solutions at electronica India 2024
    According to a press release on Sept. 12, Renesas Electronics showcased its advanced solutions and technologies designed for the Indian market at electronica India 2024, held at the India Exposition Mart Ltd. (IEML) from Sept. 11 to 13. Renesas, as a principal partner of the event, presented a wide range of scalable and comprehensive solutions tailored for industrial, automotive and consumer applications, including: Edge-AI solutions for robotics, face recognition and real-time f...
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    Continental’s mobility study shows widespread acceptance of autonomous trucks
    A recent Mobility Study 2024 conducted by Infas on behalf of Continental reveals a growing acceptance of autonomous trucks among people in Germany, the US, China, France and Japan. Out of 1,000 Germans surveyed, 47% believe driverless trucks are likely in the near future. This sentiment rose to 62% from respondents in the US and 92% in China, according to a press release on Sept. 12. The study highlights the potential of autonomous trucks to alleviate driver shortages, improve traffic flow, r...
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    Volkswagen to operationalize Salzgitter, Germany, battery plant with 50% capacity amid cost pressures
    German carmaker Volkswagen’s (VW's) battery unit PowerCo will build just one of the two planned production lines at its Salzgitter, Germany, plant amid mounting cost pressure and a global slowdown in the demand for battery-electric vehicles (BEVs), according to a news report published by Reuters on Sept. 6. The report cited an unnamed member of VW’s works council. According to the source, Group Technology Chief Thomas Schmall gave a presentation to the staff members last week, divulg...
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    Elecq showcases smart charging solutions at RE+ 2024
    Elecq, an advanced technology company specializing in smart charging solutions, showcased its comprehensive product range at RE+ 2024 in California, US, capturing the spotlight at North America's largest clean energy event. The lineup included a variety of AC charging products such as Elecq Home and Elecq Biz, alongside the DC Series, which featured innovative products such as Station 60, Dispenser 200400, Dispenser 600 (liquid-cooling dispenser) and Power Center 300. Elecq CEO Simon Wan...
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    Battery recycler Cylib plans to scale critical raw material production for Europe
    Battery recycling startup Cylib broke ground on its first European industrial plant located at Currenta’s Chempark Dormagen in the federal state of North Rhine-Westphalia, Germany, the company announced Sept. 9. The groundbreaking of Cylib’s first industrial recycling facility comes about one year after the German battery recycling startup commissioned its pilot line in Aachen, Germany. The planned recycling facility will come up at a brownfield site located in a chemical park managed ...
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    Tata Power achieves milestone of installing 100,000 home chargers across India
    Mumbai, India-headquartered Tata Power announced Sept. 9 that the company has surpassed the installation of 100,000 home electric vehicle chargers across India. The company, which is also one of the country’s largest integrated power companies and a leading provider of EV charging solutions, said that its network of home EV chargers is present across remote corners of the subcontinent, enabling electric mobility adoption through a seamless and reliable charging experience for its customers in ...
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    Panasonic Energy to begin mass production of 4680 lithium-ion batteries
    Panasonic Energy Co. Ltd., a subsidiary of Panasonic Group, has announced its readiness to initiate mass production of the 4680 cylindrical automotive lithium-ion (Li-ion) batteries following the completion of preparatory measures. This development took place in Osaka, Japan, and was marked by the renovation of the company's Wakayama factory, which is designated as the mother factory for these new cells. Approximately 400 employees will be engaged in the next-generation battery development an...
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    Northvolt initiates strategic review amid economic challenges
    Northvolt has announced the initial steps as part of its strategic review to address the challenging macroeconomic environment, which involves recalibrating its operational scope and resizing its workforce. The primary aim of this strategic reassessment is to concentrate efforts on establishing itself as a leader in the sustainable large-scale manufacturing of cells. Northvolt announced that it intends to place operations at the Northvolt Ett Upstream 1 cathode active material produ...
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    PowerGo opens its largest ultrafast-charging hub in Europe
    Netherlands-based charge-point operator (CPO) PowerGo has opened its new ultrafast-charging hub at Lillebælt in Denmark with seven 400-kW chargers that can serve 14 electric vehicle drivers at the same time, the company announced Sept. 9. PowerGo said that the newly opened charging hub in Denmark is its largest ultrafast-charging hub in Europe. According to the CPO, the newly opened charging hub is located along the highway E20, which is part of Europe’s central transport netw...
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    Singapore’s EV charging startup Charge+ raises $8 million in Series A2 funding round
    Singapore-based electric vehicle charging startup Charge+ has raised $8 million in its Series A2 funding round, led by TNB Aura and Trive Venture Capital with Christopher Quek joining the Charge+ board, the company announced Sept. 9. Charge+ is Singapore’s largest charge-point operator (CPO), operating more than 2,000 EV charging points. By 2030, Charge+ aims to deploy 30,000 EV charging points globally and contribute meaningfully to advancing electric mobility adoption in the region. Charg...
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    Mobileye ends development of in-house FMCW Lidar technology
    According to a press release on Sept. 9, Mobileye has terminated its in-house, next-generation frequency modulated continuous wave (FMCW) Lidar technology development for autonomous and highly automated driving systems. The decision results from a comprehensive review of the company's long-term technology strategy, during which Mobileye concluded that the procurement of next-generation FMCW Lidar is not crucial for its roadmap for eyes-off systems. Factors influencing this decision include...
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    Toyota to cut down EV output to 30% below previous 2026 sales forecast
    Japanese automaker Toyota Motor Corp. has slashed its electric vehicle production plans for 2026 by about 30%, becoming the latest vehicle manufacturer to trim down its electric car production plans amid slowing demand for EVs globally, according to a news report published by Reuters on Sept. 6. The Reuters news report cited a report by the Nikkei business daily as the original source. It said that the world's biggest automaker has revised its plans to produce 1 million EVs in 2026, compar...
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    24M raises $87 million in Series H preferred stock financing round
    Massachusetts, US-based battery technology company 24M has closed $87 million in its Series H preferred stock investment round, the company announced Sept. 5. The funding was led by Nuovo+, a 24M strategic partner and licensee, it said, adding that the funding round values the battery company at $1.3 billion post new financing. The new investment, which brings 24M’s total funding to more than $500 million, is expected to help accelerate the commercialization and mass production of 24M ...
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    GoFast opens its largest EV charging hub in Matran, Switzerland
    Electric vehicle charge-point operator (CPO) GoFast AG has set up its largest EV charging hub in Matran, Switzerland, the company announced Sept. 5. The EV charging hub accommodates 12 charging stations that have gone into operation this week, the CPO said, adding that the installed EV charging stations have an output of up to 300 kW. It added that EVs can be charged with a 200-kilometer driving range in just 10 minutes of a charging session, depending on the type of vehicle. Moreover, the...
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    Samvardhana Motherson International plans to raise $715 million through share sale
    India’s leading automotive supplier Samvardhana Motherson International Limited (SAMIL) is planning to raise $715 million through share sale, Reuters reported on Sept. 4. The supplier will raise capital through a qualified institutional placement (QIP), which listed companies in India generally used to raise funds from large institutions. SAMIL plans to use the proceeds from the share sale to repay debt and fund some expansion and certain capital expenditure. SAMIL is a major supplier of wi...
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    Sigma Lithium secures 487 million Brazilian real loan for Greentech Plant
    Sigma Lithium has secured a 487 million Brazilian real ($86.5 million) development loan from the National Brazilian Bank for Economic and Social Development (BNDES) for the construction of their Second Greentech carbon neutral plant in Brazil. This funding will support Sigma in doubling its production capacity of the Quintuple Zero Green Lithium from 270,000 to 520,000 metric tons per year. Construction has begun, with an expected completion and commissioning by summer 2025. The loan features...
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    Changan establishes a subsidiary company in Germany to expand presence in Europe
    Changan Automobile, a leading carmaker from mainland China, has set up a subsidiary company in Germany in an attempt to accelerate its expansion plans in Europe, according to a news report published by CnEVPost on Sept. 4. Changan's German subsidiary, Changan Automobile Deutschland GmbH, is officially registered in Munich, the report said, adding that the opening a new subsidiary is part of Changan’s ‘Vast Ocean’ strategy. It further mentioned that the new subsidiary company will foc...
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    EV charging solution startup EVaaS Solutions rebrands as XLR8 America
    EVaaS Solutions has rebranded itself as XLR8 America to reflect its commitment to transforming the electric vehicle charging industry. The company aims to revolutionize EV charging through innovative technology, exceptional customer service and financial solutions. Frank O'Connor, the CEO, emphasized that the rebranding reflects an accelerated effort to lead the EV charging sector forward. "Our rebranding as XLR8 America signifies more than just a name change; it represents our accelerat...
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    Experts propose new classification system for software-defined vehicles
    Experts in the automotive industry are working to establish defined levels for software-defined vehicles (SDVs), similar to the SAE International's levels of driving automation, according to a report published by Automotive News on Aug. 28. The proposed levels, ranging from 1 to 5, aim to clarify the stages of SDV development, from basic connectivity to fully customizable platforms open to third-party developers. Moritz Neukirchner of Elektrobit suggested these levels to bring structu...
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    Allego removes connection fee for AC chargers in the Netherlands
    Netherlands-headquartered charge-point operator (CPO) Allego announced Sept. 1 that it will remove the connection fee for public AC chargers in its home country from the beginning of September, bringing down the cost of electric vehicle drivers using its extensive public AC network. Allego will introduce an overstay fee to encourage EV drivers not to block charging spaces for other EV drivers, a move that aims to decongest public EV charging spaces. “Public EV chargers are a shared publi...
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    Qwello secures €65 million debt financing to expand EV charging network in Europe
    German electric vehicle charging solutions provider Qwello has raised €65 million via a debt financing facility with ABN AMRO Bank NV and Investec, to expand its EV charging network across Europe, according to a news report published by Automotive EV on Sept. 3. “This new facility will support the expansion of Qwello’s footprint across Europe, following the recent acquisition of Dutch operator Park&Charge,” the charge-point operator (CPO) said in a statement. The newly raised f...
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    PPG sells Silicas division to Qemetica for $310 million
    PPG, a prominent global entity in the paint, coatings and specialty materials industry, headquartered in Pittsburgh, has announced an agreement to sell its Silicas Products division to Qemetica SA for about $310 million. Qemetica, situated in Warsaw, Poland, is a privately owned manufacturer known for its production of soda ash, silicates and other specialized chemicals. The sale is projected to be finalized in the fourth quarter of 2024, pending the usual closing prerequisites. This decision...
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    Indian government advances semiconductor manufacturing with new unit in Gujarat, India
    The Union Cabinet, led by Indian Prime Minister Narendra Modi, has approved the proposal of Kaynes Semicon Pvt. Ltd. to establish a new semiconductor manufacturing unit in Sanand, Gujarat, India, marking a significant step toward developing a robust semiconductor ecosystem in India, as reported by DD News on Sept. 2. The unit represents an investment of 33,000 million Indian rupees (about $393.23 million) and aims to produce 6 million chips daily for various applications such as industri...
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    Northvolt’s battery plant in Canada may be delayed by up to 18 months
    Swedish battery-maker Northvolt AB may delay the construction of its planned $7 billion electric vehicle battery plant in Canada as the company now plans to conduct a strategic review of the project, according to a news report published by CBC on Sept. 1. The report, which cited the Quebec government and a statement from Northvolt on the matter, said that the strategic review of the project at this stage may result in a reassessment of the timetable associated with the upcoming gigafactory in Mo...
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    CATL plans to set up 10,000 battery-swap stations
    CATL, the world’s largest battery-maker, plans to build a network of 10,000 battery-swap stations, according to a news report published by CnEVPost on Sept. 2. The report, which did not reveal the timeline that CATL is looking at to build the battery-swap stations, cited CATL Chief Technology Officer Gao Huan, who was speaking at the 2024 World Power Battery Conference in Yibin, Sichuan province, southwest China. Nevertheless, the news report pointed out that this is the first time that ...
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    Driivz establishes its headquarters in Raleigh, NC
    Vontier Corp., a leading global technology provider, announced Aug. 29 that its portfolio company Driivz has established a US-based headquarters in Raleigh, NC. Driivz’s headquarters will be located alongside that of Vontier’s in Raleigh, it said. With operations in over 30 countries across North America, Europe and Asia, Driivz is a global electric vehicle charging software leader managing 100,000 public chargers globally. Notably, Driivz’s software for EV charging networks supports th...
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    UL Solutions opens all-new battery testing lab in Michigan, US
    UL Solutions Inc., a global leader in applied safety science, has officially opened its North America Advanced Battery Laboratory in Auburn Hills, Mich., the company announced Aug. 7. According to the company, the newly opened facility is UL Solutions’ largest laboratory investment in its history and is part of its commitment to help battery manufacturers increase the safety and reliability of their energy storage products. UL Solutions said its new facility is “one of the most extensive ...
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    Continental Engineering Services advances AI in mobility via EU-funded projects
    As reported in a press release on Aug. 29, Continental Engineering Services (CES) is actively engaged in pioneering research and development projects aimed at enhancing connected and cooperative automated mobility (CCAM) solutions. These projects, funded by the EU and other partners, focus on making AI technologies in mobility more trustworthy, explainable and accountable. Key initiatives include the AIThena project, which focuses on developing trustworthy and transparent AI solutions; the SU...
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    Valeo opens Mobility Technical Center in Mexico
    Valeo has inaugurated its Valeo Mobility Technical Center (VMTC) in Queretaro, Mexico, according to a report by ProMexico Industry on Aug. 30. The VMTC, representing a $165 million investment, aims to bolster Valeo's capability in electrification alongside the advancement of assisted and autonomous driving, focusing primarily on serving the North American market. The center will engage in developing software, innovation, embedded systems and other technological applications. VMTC center curre...
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    Valmet Automotive spins off EV division into standalone company
    Valmet Automotive has announced the transformation of its Electric Vehicle Systems (EVS) business line into a standalone company, asserting its strategy to enhance business line independence and to capitalize on market evolutions and opportunities. Retaining ownership, Valmet Automotive establishes this new entity with distinct leadership and governance, marking a significant stride in its five-year journey of constructing a substantial battery business for the automotive industry.  To l...
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    Rio Tinto and BYD among firms advancing in Chile lithium project bid
    Rio Tinto and BYD, along with four other companies, are qualified to advance their proposals for the development of a lithium project in Chile's Altoandinos salt flats, as communicated by ENAMI, the state-run mining entity. This initiative is part of the Chilean government's ambition to enhance lithium production in the Atacama region's northern salt flats through new ventures in collaboration with the state. ENAMI, aiming at finding a partner to provide either financial or operational assist...
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    BMW accelerates autonomous driving development in China – report
    According to a report published by Xinhua on Aug. 30, BMW Group is set to enhance its autonomous driving technology with new facilities at its research and development center in Shenyang, Liaoning Province. The center will launch an autonomous driving data processing center in September and a test workshop in December. These facilities aim to process test data and validate autonomous functions for local models. Patrick Mueller, vice president of the BMW Brilliance R&D Center, indicated pl...
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    Electra Battery Materials awarded $20 million from US Defense Department
    Electra Battery Materials Corp. announced Aug. 19 that it has been awarded $20 million by the US Defense Department to support the construction and commissioning of North America’s only cobalt sulfate refinery, capable of producing battery-grade materials for lithium-ion batteries. While more than 80% of battery-grade cobalt is currently produced in mainland China, the move comes as the US looks to build local capacity for producing battery-grade cobalt. According to Electra, its $2...
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    ZF Group plans to spend €2 billion in India by 2030 to expand material sourcing
    The ZF Group plans to spend €2 billion by 2030 to increase material sourcing from India for both its local and global operations, ETAuto reported Aug. 28. This ambitious expansion in sourcing activities from India is aimed at supporting its diverse businesses including passenger cars, commercial vehicles and various segments of industrial technology such as wind power. Presently, ZF spends about 600 million rupees (about $7.15 million) annually on sourcing materials from India. Akash P...
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