Tesla’s latest earnings report, for the fourth quarter and full year 2021, was another strong one. Deliveries grew by 87% in 2021, earnings per share and revenue each beat analyst estimates by over 6%, and the company claimed that it achieved “the highest quarterly operating margin among all volume OEMs…demonstrating that EVs can be more… Read more »
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Battery developer StoreDot raises $80 million in Series D funding
Israeli battery developer StoreDot has raised up to $80 million in a Series D funding round that included Vingroup, bp ventures and Golden Energy. It will use the funding on research and development as well as mass production of its Extreme Fast Charging (XFC) battery cells by 2024. According to StoreDot, its research and development… Read more »
Volkswagen to add Plug & Charge, bidirectional charging to all ID. models
The Volkswagen Group has announced a package of charging-related initiatives under the brand name We Charge, which will include new charging solutions for home and mobile charging, new functions in the ID. Models and, “soon,” bidirectional charging. “Charging must become simpler and easier to integrate into daily activities,” says e-mobility marketing head Silke Bagschik. “With… Read more »
White House releases details of EV charging infrastructure plan
The EV industry applauded the inclusion of a plan to fund charging infrastructure in the Infrastructure Investment and Jobs Act (IIJA)—now rechristened the Bipartisan Infrastructure Bill (BIB)—that President Biden signed into law in November. However, until now we didn’t know exactly what we were cheering for. Now the administration has released an EV Charging Action… Read more »
TE Connectivity’s new connector plating reduces wear on battery terminals
TE Connectivity‘s all-new TENDUR surface plating technology is designed to provide advanced abrasion resistance that allows for consistent high-performance charging over the course of a battery’s lifetime. The technology reduces wear and tear on electrical terminals, which can lead to longer charging times. The newest high-powered charging stations can deliver DC power at currents of… Read more »
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Indian ride-hailing and charging startup BluSmart raises $25 million in Series A funding round
Indian EV ride-hailing and charging company BluSmart has raised $25 million in a Series A funding round led by bp ventures, which invested $13 million. Other investors included Mayfield India Fund, 9Unicorns and Survam Partners. Sophia Nadur, Managing Partner at bp ventures, will join BluSmart’s board. BluSmart will use the new capital to expand its… Read more »
Thermo King to deliver a fully electric product in every segment of the cold chain by 2023
Vehicle temperature control system manufacturer Thermo King, a brand of Trane Technologies (NYSE: TT), plans to invest more than $100 million over the next three years to deliver a fully electric product in every segment of the cold chain. Thermo King’s all-electric portfolio, which will be branded “evolve,” will include electric refrigeration solutions for truck,… Read more »
Sprint Power to lead project to develop ultra-fast charging 800 V battery systems
Sprint Power is leading a new £9.7-million project aimed at developing ultra-fast charging cells and battery packs for EVs and hybrids. Project CELERITAS is backed by the UK’s Advanced Propulsion Centre (APCUK), as well as a consortium that includes BMW, bp, AMTE Power, Clas-SiC and Eltrium. Sprint Power will design and develop an 800 V… Read more »
New 3-phase High-Voltage Breakout Module for electrical power analysis of vehicle powertrains
Sponsored by CSM CSM Gmbh, the industry leader of innovative measurement and data technology for 38 years, announces the newest product to its suite of measurement modules for the development of electric vehicles. This new HV Breakout-Module has been specifically designed to meet the international safety standards required for the use of equipment in high-voltage… Read more »