Texas-based investment firm Ara Partners has acquired magnetic materials manufacturer Vacuumschmelze (VAC) from asset management firm Apollo. No transaction terms were disclosed. Germany-based VAC is the largest Western manufacturer of sintered NdFeB EV-grade permanent magnets, and has manufacturing facilities in Slovakia, Finland, China and Malaysia. VAC signed a long-term deal with GM in January 2023… Read more »
Search Results Found For: "Kia America"
EV charging is changing, Part 4: Behind the scenes as seven automakers counter Tesla’s Superchargers
Part 1: How automakers’ disappointment in Electrify America drove them into Tesla’s arms Part 2: No, NACS is not today’s Tesla connector Part 3: Why Tesla’s NACS is unlikely to kill CCS EV charging is changing, but much remains to be settled A flurry of news over less than a year permanently altered the US landscape… Read more »
EV charging is changing, Part 3: Why Tesla’s NACS is unlikely to kill CCS
Part 1: How automakers’ disappointment in Electrify America drove them into Tesla’s arms Part 2: No, NACS is not today’s Tesla connector Part 4: Behind the scenes as seven automakers counter Tesla’s Superchargers EV charging is changing, but much remains to be settled A flurry of news over less than a year permanently altered the US… Read more »
EV charging is changing, Part 2: No, NACS is not today’s Tesla connector
Part 1: How automakers’ disappointment in Electrify America drove them into Tesla’s arms Part 3: Why Tesla’s NACS is unlikely to kill CCS Part 4: Behind the scenes as seven automakers counter Tesla’s Superchargers EV charging is changing, but much remains to be settled A flurry of news over less than a year permanently altered… Read more »
Senator Schumer takes Revel’s millionth electric ride in NYC
New York-based Revel leverages the synergies between urban public charging and ridesharing. The company operates two public EV fast charging Superhubs, and plans to add at least 130 more plugs by the end of 2023. The company launched its electric rideshare service in 2021, and currently has a fleet of about 300 EVs, including Tesla… Read more »
Letter from London: Red buses, black cabs and private cars are going electric
Traveling in Europe (and nearby countries) these days is in some ways like traveling to the future. London has been an electrification leader for some years, and the streetscape this summer looks even more electric than it did on my last visit 4 years ago. I saw no evidence of the “hollowing out” of downtown… Read more »
2023 Hyundai Ioniq 6: Korean Model 3 clone, or something else altogether?
Battery-electric sedans are a rare breed— that makes Hyundai’s striking Ioniq 6 a strong new entry. Quick, name all the battery-electric sedans for sale in the US—that aren’t Teslas. By our count, there’s only been one: the pricey, luxury Lucid Air. Now, there’s another: the 2023 Hyundai Ioniq 6 is on sale at your local… Read more »
Hyundai and LG Energy Solution partner on US battery manufacturing facility
Hyundai Motor Group and South Korea-based battery manufacturer LGES have signed an MOU to produce EV batteries in the US at a location in Bryan County, Georgia, adjacent to Hyundai’s Metaplant America currently under construction. Hyundai and LGES will each hold a 50% stake in the JV, which will involve an investment of more than… Read more »
IRS releases more details about new tax credits: some foreign-assembled EVs may be eligible
We’re pleased that our pols revamped the federal EV tax credit—the new deal fixed some of the problems with the old rules, and added incentives to encourage the development of a North American supply chain for EVs and batteries. However, as is the case with any new government program, passing the law was just one… Read more »
Adamas Intelligence says LFP cell deployment is up 237% in H1 2022
The latest biannual report on the global EV market from Adamas Intelligence highlights expanding EV sales, as well as the growing popularity of LFP battery chemistries, in the first half of 2022. In the first half of 2022, 6.23 million new passenger EVs were registered around the world—an increase of 42% compared to the same… Read more »
