Volvo Penta has become the majority shareholder of Norwegian marine battery and electric driveline supplier ZEM. “Marine electromobility has a unique set of requirements,” explains Volvo Penta CTO Peter Granqvist. “There are very specific considerations of utmost importance around the installation environment, safety, the use case itself, and the current lack of charging infrastructure.” ZEM’s… Read more »
Diode, a UK provider of electric vehicle tech, has closed a new investment round led by Haatch Ventures, with support from angel investors and NorthInvest, giving the company a valuation of £2.1 million. Diode’s web-based software platform is designed to be an easy-to-use, all-in-one solution that helps businesses assess their suitability for electrification, generate an… Read more »
Infinitum Electric, creator of the air-core motor, has secured $40 million in Series C funding to scale production of its ultra-high-efficiency, lightweight motors. The investment will be used to expand production of the company’s IEs Series motors for commercial and industrial applications, and to complete development of its IEm Series EV motors. Infinitum says its… Read more »
The California Energy Commission (CEC) has announced the availability of $17.5 million in incentives to install public EV chargers in 13 rural counties. Incentives available through the new Inland Communities Incentive Project will cover up to 75 percent of EVSE costs. More than a third of the funding is dedicated to installations in under-resourced communities…. Read more »
Audi has big plans to ramp up its EV offerings, introducing more than 20 fully electric models by 2025, and it’s working on a concept for premium-level charging infrastructure in keeping with its market position as a luxury brand. Audi plans to implement a pilot project in the second half of this year, which will… Read more »
When will the production of EVs surpass that of legacy vehicles? Well, for one particular model, that day has arrived—at least temporarily. Bloomberg reports that, so far this year, Ford has produced more units of its new Mustang Mach-E EV than it has gas-powered Mustangs. Ford has built 27,816 Mustang Mach-Es at a plant in… Read more »
A generational struggle for hearts and minds is underway, and all of humanity is divided. However, the eventual outcome of the war has been clear for some time. When Nissan announced in 2020 that it would implement the CCS fast charging standard in US and European markets, it became plain that the days of the… Read more »
Pensana plans to build a $125-million sustainable rare earth separation facility at the Saltend Chemicals Park in Humber, UK. Targeted annual production is around 12,500 tons of rare earth oxides, including 4,500 tons of magnet metal rare earth oxides (NdPr), which would represent approximately 5% of the 2025 projected world demand. The Saltend plant will… Read more »
Solid Power, a producer of solid-state EV batteries, has announced a $130-million Series B investment round led by the BMW Group, Ford and Volta Energy Technologies. Ford and BMW have also expanded existing joint development agreements with Solid Power to secure all-solid-state batteries for future EVs. “BMW and Ford now share leading positions in the… Read more »
Porsche Asia Pacific and Shell will partner to deploy public fast chargers at six Shell stations strategically located along Malaysia’s North-South highway, offering EV drivers the possibility of convenient travel between Singapore, Kuala Lumpur, and Penang. Each of the six Shell stations will be equipped with a 180 kW fast charger with two CCS Type… Read more »
