For 2022, the Chevrolet Bolt lineup will expand from one to two models, with a new, so-called SUV version added alongside the original hatchback. Importantly, the Bolt siblings will take on a new role as the most affordable entries in a lineup of Chevrolet electric vehicles expected to grow significantly by 2025. Chevy dubs its… Read more »
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Is Ford’s increase in EV investment a shot across GM’s bow?
Ford’s Q4 2020 earnings report included an announcement that the automaker will increase its investments in electrification to at least $22 billion through 2025, nearly twice the previously-announced level (the company also committed an additional $7 billion to autonomous vehicle tech). As auto analyst John Voelcker pointed out, Ford’s figure tops GM’s announced investment of… Read more »
2022 GMC Hummer EV: the biggest, baddest, butchest EV to hit the market?
The news that General Motors would relaunch the infamous Hummer name—as an all-electric truck no less—broke a few days before the high-dollar, high-visibility 2020 Super Bowl ad that introduced that vehicle to the world. After a succession of carefully staged events for media and the public, we now know that the 2022 GMC Hummer EV… Read more »
Sila Nanotechnologies raises $590 million in funding
Sila Nanotechnologies, a maker of battery materials, announced that it raised $590 million in Series F funding at a $3.3 billion post-money valuation. The new funding comes as the first Sila Nano-powered batteries prepare to ship in consumer devices and the company scales up production. Sila Nano will use the funds to develop a new… Read more »
Overlooked gems in Tesla’s Q4 earnings call
Tesla’s latest earnings report was loaded with good news: the company’s sixth straight quarter, and first full year, of profitability; increased sales ($31.5 billion in 2020, compared to $24.6 billion in 2019); a healthy cash position ($19.4 billion as of year-end, compared to $6.3 billion at the end of 2019); and plausible plans for steady… Read more »
MAN Truck & Bus starts series production of the all-electric Lion’s City E
MAN Truck & Bus began series production of battery-powered city buses in October at its plant in Starachowice, Poland. The first customer vehicles to come off the line are 12-meter solo versions of the Lion’s City E: 17 of these will be heading for Hamburg-Holstein’s public transit agency. Malmö, Sweden has placed an order for… Read more »
ABB establishes new global R&D center for e-mobility
Charging infrastructure giant ABB has established a new E-mobility Innovation Lab. The $10-million, 3,600-square-meter facility is based on the Delft University of Technology campus, in the Netherlands. It will house 120 specialists, who will work on next-generation solutions to drive ABB’s future e-mobility development. ABB strives to ensure seamless connections among vehicles, charging stations, charging… Read more »
Momentum Technologies licenses ORNL process to recover metals from batteries
Momentum Technologies, a Dallas-based materials science company focused on extracting critical metals from electronic waste, has licensed a process developed by the Oak Ridge National Laboratory (ORNL) for recovering cobalt and other metals from spent Li-ion batteries. Several critical elements, such as cobalt, nickel, lithium and manganese, are used in EV batteries. Using ORNL’s Membrane… Read more »
Volvo Trucks wins $22-million grant to deploy 70 Class 8 VNR e-trucks in California
Volvo Trucks North America has won $21.7 million in grants to deploy 70 VNR Electric trucks in Southern California for regional freight distribution and drayage. The EPA’s Targeted Air Shed Grant Program will provide $20 million, and the South Coast Air Quality Management District will add $1.7 million for charging infrastructure. Volvo Trucks will deliver… Read more »
GM teases future electric Chevy crossover and pickup, invests more in EVs
General Motors CEO Mary Barra said Thursday the company is accelerating its electric-vehicle efforts, pulling forward the schedule on many future launches, and expanding the number of EV models it sells globally to 30 by the end of 2025—a larger number than the dozen future EVs shown to journalists in a no-cameras presentation in March…. Read more »