Search Results Found For: "REV Group"

EVBox Group to go public in SPAC deal

EVBox, a provider of charging hardware and software, has announced plans to go public through a merger with a company called TPG Pace Beneficial Finance (NYSE: TPGY). EVBox’s current owner, the French multinational utility ENGIE, will retain an ownership stake of over 40 percent, and will continue as a key partner of EVBox. The business… Read more »

Punch Powertrain and Groupe PSA launch electrification joint venture

Punch Powertrain and Groupe PSA have launched a new joint venture to design, manufacture, and supply Punch Powertrain’s DT2 dual-clutch transmission for the next generation of hybrids. The business will initially supply Groupe PSA’s global operations, and aims to eventually supply other vehicle manufacturers. Elias van Wijk, previously CTO of Punch Powertrain, was named CEO… Read more »

UL certifies Lumen Group’s wireless charging system

Product safety watchdog UL has certified Lumen Group’s wireless EV power transfer system to the UL 2750 standard (Outline of Investigation for Wireless Power Transfer Equipment for Electric Vehicles). The Lumen Freedom wireless power transfer system uses resonant inductive magnetic coupling between a ground-mounted transmitting pad and a vehicle-mounted receiving pad to charge with no… Read more »

Volkswagen Group forms joint venture to build fast charging stations for Chinese market

Volkswagen Group Components and startup Shanghai DU-POWER New Energy have formed a joint venture to produce “flexible quick charging stations” in China. The two companies will each own 50% of the JV, which will be located in the Suzhou Wuzhong Development Zone, near Shanghai. Series production is scheduled to start in the second half of… Read more »

BMW reveals details of hydrogen fuel cell powertrain system

Different automakers have different visions of the low-emissions future, to say the least. Just a few days after the Volkswagen Group released an article explaining why it has abandoned hydrogen fuel cells in favor of battery-electric powertrains, BMW has “reaffirmed its ongoing commitment to hydrogen fuel cell powertrain system technology.” Unlike VW, BMW is leaving… Read more »

BMW revamps battery materials supply chain, signs supply contract for raw lithium

BMW Group has signed a €540-million contract with China’s Ganfeng Lithium for the supply of raw lithium from mines in Australia. The carmaker has restructured its supply chains for its upcoming fifth generation of battery cells. From 2020 on, it will directly source both lithium and cobalt. The raw materials will then pass on to… Read more »

Ford and Webasto reveal one-off Mustang EV prototype with 900 hp

Ford and parts supplier Webasto have revealed the Mustang Lithium, a one-off high-performance electric Mustang fastback prototype that boasts more than 1,000 ft-lbs of torque and more than 900 hp. With the unveiling, Ford says it hopes to gauge customer interest in electric sports cars. It is also using the vehicle as a test bed… Read more »