LOTTE Aluminium and LOTTE Chemical, subsidiaries of a giant South Korean conglomerate, plan to invest some $239 million to establish an aluminum foil manufacturing operation in Hardin County, Kentucky. We’re not talking about the kind of foil you use to wrap leftover pizza, but rather cathode foil, a type of ultra-thin aluminum foil that is… Read more »
Search Results Found For: "REV Group"
Volvo Group invests in software provider Optibus to digitalize and electrify public transportation
Volvo Group Venture Capital has invested in Optibus, the provider of a Software-as-a-Service solution designed to facilitate the digitalization and electrification of public transportation. Optibus says its service is in use in 1,000 cities in 26 countries. “Optibus offers a scalable SaaS solution and has doubled its revenue year over year,” says Christina Brinck, Investment… Read more »
Tackling the peak demand charge problem to cost-effectively scale the EV revolution
Sponsored by ads-tec Energy EVs are playing an increasingly important role in the transition to a net-zero emissions world and are expected to comprise at least two-thirds of global car sales by 2040. But even as EVs are becoming more widely available and affordable, the demand for fast, convenient charging is nowhere near to being… Read more »
Rimac Group spins off Rimac Technology as standalone business
The Rimac Group has spun off Rimac Technology as a wholly-owned independent company. Sister company Bugatti Rimac (previously Rimac Automobili) is jointly owned by the Rimac Group, which has a 55% stake, and Porsche, which owns the remaining 45%. Bugatti Rimac will continue to focus on building “hypercars,” while Rimac Technology will provide components to… Read more »
MIT metal processing approach may prevent rare metal shortages
An MIT research group has developed a metal processing approach that may help prevent rare metal shortages in the future by identifying and separating rare metals from mixed materials. MIT Professor of Metallurgy Antoine Allanore and graduate student Caspar Stinn relied on a modified form of sulfidation to identify and separate 15 elements, including the… Read more »
Fifty utilities form group to coordinate EV infrastructure efforts
More than 50 US electric utilities have formed a new group to coordinate their efforts to expand the nation’s EV charging infrastructure. The Edison Electric Institute, a utility trade group, announced the formation of the National Electric Highway Coalition, which includes 50 EEI members, as well as the Tennessee Valley Authority. The organization is “a… Read more »
BMW begins i4 deliveries in Germany, reveals hulking PHEV concept
BMW was an early EV leader with the innovative i3, but later seemed to lose interest. The i3 remains on the market, posting decent but unremarkable sales in Europe and getting an occasional upgrade. Now, after eight years, the next electric Beemer has arrived. BMW delivered the first units of its new i4 EV at… Read more »
GM reveals 3 new EV motors for its Ultium platform
GM has revealed a group of three new motors that will power its upcoming Ultium-based EVs. The new motors, part of the Ultium Drive platform, were designed and calibrated in-house by GM. They share design principles as well as similar tooling and manufacturing strategies. The new happy family consists of a 180 kW front-drive motor,… Read more »
Parsing the latest proposal to revamp the federal EV tax credit
The House Ways and Means Committee and the Senate Finance Committee have released proposals to revamp the federal EV tax credit program. The two proposals will be reconciled, and the final version is expected to be included in the pending reconciliation package. The Zero Emission Transportation Association has published a detailed description of the two,… Read more »
An EV laggard reverses course—Australian’s New South Wales announces promising pro-EV policy package
Australia is one of the least charged of the world’s wealthy countries. During the 2019 elections, Prime Minister Scott Morrison characterized EVs as a threat to Australians’ way of life, and that seems to have set the tone for Australia’s EV policy, or lack thereof, ever since. Until now, there has been little or no… Read more »