Formula E officially unveiled its third-generation Formula E race car at the recent Monaco E-Prix (where Stoffel Vandoorne, driving for Mercedes-EQ, saw the checkered flag). The new Gen3 will make its racing debut in Season 9 of the ABB FIA Formula E World Championship. Pre-season testing will take place this winter, and seven of the… Read more »
Toronto-based SWTCH Energy has secured $13 million in new financing to expand its EV charging solutions to multi-family buildings across North America, with an emphasis on serving low-to-moderate-income (LMI) communities. SWTCH provides EV charging and energy management solutions that address the challenges of EV ownership in multi-family buildings. SWTCH’s charging-as-a-service model is designed to reduce… Read more »
EV pioneers realized long ago that islands, which tend to have short driving distances and high gas prices, make great candidates for electrification. The Volkswagen Group is putting this principle into practice on the Greek island of Astypalea. The Smart & Sustainable Island project, a joint initiative of the Volkswagen Group and the Hellenic Republic,… Read more »
A new report from a nonprofit called the Electrification Coalition details the lessons learned from a public-private partnership that tested the deployment of EVs in a large rental car fleet. The report shares key findings from the Drive Electric Orlando Rental Pilot, which incentivized travelers to rent EVs in Orlando, the largest rental car market… Read more »
According to an article published in Advanced Energy Materials by researchers at the DOE’s Oak Ridge National Laboratory (ORNL), cobalt is currently the most expensive cathode material used in lithium-ion batteries. The DOE says cobalt accounts for about a quarter of the cost of a typical battery, and was the most expensive cathode material in… Read more »
Eviny, a Norwegian provider of charging and other e-mobility services, has deployed ABB’s new Terra 360 charging station at the Oasen Shopping Center in Bergen and in the ski resort of Geilo. The pilot installations, which will be followed by a more widespread rollout across Norway and Sweden, are meant to demonstrate the performance of… Read more »
Network operator Blink Charging (Nasdaq: BLNK), through its wholly-owned European subsidiary, Blink Holdings BV, has acquired UK-based charging provider Electric Blue (aka EB Charging) for some $23.4 million. Blink is currently present in more than 18 countries. This acquisition represents the company’s first entry into the UK market, and will add some 1,150 chargers to… Read more »
Price-reporting and market data company Benchmark Mineral Intelligence has launched an index for tracking the price changes of the raw materials in cathodes. The Lithium-ion Battery Raw Material Price Index displays price changes for blends with both NCM high-nickel and mid-nickel chemistries, and for lithium iron phosphate. It uses IOSCO-accredited lithium, nickel and cobalt prices… Read more »
Electric drivetrain manufacturer AISIN has teamed up with BluE Nexus and DENSO to develop an eAxle for the new Toyota bZ4X. Japan-based BluE Nexus is an electric drivetrain module and electric systems company. DENSO is an automotive component supplier that AISIN says has “developed and produced more than 20 million inverters since the launch of… Read more »
In a recent interview, General Motors CEO Mary Barra said that a “significant part” of the company’s long-term executive compensation will be contingent upon reaching specific electrification targets, which will include volumes of EVs sold in North America, as well as launch timing and quality. Barra, whose total compensation package came to about $23.7 million… Read more »
