Freudenberg Sealing Technologies has acquired a majority share of XALT Energy, a manufacturer of battery solutions for heavy-duty EVs. XALT produces high-energy storage solutions for industries including automotive, rail, marine, industrial operations, and commercial transportation. The majority stakeholder acquisition comes with a multi-million dollar investment that will allow XALT to increase production at its Michigan… Read more »
Honda and EV battery manufacturer Contemporary Amperex Technology (CATL) have signed a cooperation agreement to develop EVs. CATL will provide Honda with 56 GWh worth of EV batteries by 2027. CATL will also set up a local office in the Japanese city of Utsunomiya, the location of Honda’s Automobile R&D Center. The cooperation agreement will… Read more »
What are the two most important stories in today’s automotive world? Electrification and pickup trucks. The former represents a developing trend that’s going to disrupt and completely rearrange the industry. The second isn’t a news story, but it is the most popular product the industry has ever produced (at least in the US), a vehicle… Read more »
Québec’s public utility, Hydro-Québec, has announced that it will install 1,600 fast charging stations over the next 10 years. It has already deployed 22 new fast charging stations in 2019, and hopes to deploy about 100 in total by the end of the year. as part of its public charging network the Electric Circuit. The… Read more »
ClipperCreek has announced a $400 price reduction on its Liberty Plugin-enabled CS Series of charging stations. The Liberty-enabled CS Charging stations are ClipperCreek’s flagship access control models, and pricing has been reduced on all configurations from 16 to 80 amps. The new price is effective immediately. “The price reduction was made possible by a variety of… Read more »
Mersen, a manufacturer of products for the electric power industry, has announced a new line of overcurrent protection devices for the EV industry. The new line of self-triggered χp-ST hybrid fuses technology purports to offer greater overcurrent protection in EV DC batteries than traditional fuses. The new χp-ST hybrid fuses incorporate a fast-acting pyro-element with… Read more »
Charging network operator Electrify America has announced plans to install battery storage units made by Tesla at over 100 of its charging stations. EA will deploy Tesla Powerpack systems consisting of “a 210 kW battery system with roughly 350 kWh of capacity” at over 100 charging stations. A modular system will allow EA to increase… Read more »
Tesla plans to to acquire Maxwell Technologies at a price of $4.75 per share, or approximately $218 million. The merger, which was unanimously approved by Maxwell’s board of directors, is to be finalized around the second quarter of 2019. Maxwell is based in San Diego and has about 380 employees. The company will be familiar… Read more »
AddEnergie, a Canadian provider of EV charging equipment, recently received an investment from the Government of Québec and institutional investor Caisse de dépôt et placement du Québec (CDPQ). The two parties also jointly invested in AddEnergie in 2016. The new investment will help AddEnergie double production at its plant in Shawinigan, Québec and pursue growth… Read more »
Corvus Energy, a supplier of energy storage systems (ESSs) to the maritime industry, has been selected as the ESS provider for five new electric ferries to be operated by Norwegian company Fjord1. Corvus will provide its lithium-ion battery-based ESSs to electrical systems integrator Norwegian Electric Systems (NES), which will provide the power and propulsion system… Read more »