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Search Results Found For: "Panasonic"

Maxwell’s Teflon-fibrilizing electrode process could save Tesla big bucks on battery manufacture

Tesla has completed the acquisition of Maxwell Technologies, a company that’s known for its pioneering work with supercapacitors. However, Electrek’s Fred Lambert and others have noted that Tesla’s interest in Maxwell probably has less to do with supercapacitors than with the company’s “dry electrode” technology. Randy Carlson, in an article posted on Seeking Alpha, provides… Read more »

Tesla to acquire ultracapacitor developer Maxwell Technologies

Tesla plans to acquire Maxwell Technologies at a price of $4.75 per share, or approximately $218 million. The merger, which was unanimously approved by Maxwell’s board of directors, is to be finalized around the second quarter of 2019. Maxwell is based in San Diego and has about 380 employees. The company will be familiar to… Read more »

Electric truck maker Workhorse secures $35 million in new financing, works with Duke on battery leasing program

Workhorse Group (NASDAQ: WKHS), which manufactures electric delivery vans for UPS, FedEx and other fleet operators, has secured $35 million in new financing from Marathon Asset Management. Workhorse will use the proceeds to repay a July 2018 round of senior secured notes, and to acquire parts to fulfill customer orders. Marathon will provide the funds… Read more »

Analysts share a behind-the-scenes tour of Tesla’s Gigafactory

Can Tesla produce Model 3s in volume, and make a profit? That’s the question of the day (or maybe, of the century). Investment management firm Worm Capital (among others) believes that the answer depends on how efficiently the company is able to manufacture its battery packs, and it recently sent a team to visit Tesla’s… Read more »

VW aims to produce solid-state batteries by 2025

The Volkswagen Group has invested approximately $100 million in California battery QuantumScape, following six years of collaboration with the firm. VW also announced that it aims to have a production facility for solid-state batteries by 2025. VW estimates that solid-state battery technology could more than double capacity compared with its current batteries, for example boosting… Read more »

Workhorse reports 2017 earnings, receives $7-Million electric truck order

Workhorse Group (NASDAQ: WKHS) has received a $7-million repeat order for all-electric delivery trucks, to be deployed by “a major delivery company in the San Diego area.” Workhorse all-electric trucks are powered by Panasonic batteries, and deliver a 100-mile range. According to Workhorse, its e-trucks can improve fuel efficiency from an average of 5.5 MPG… Read more »

New York FedEx service provider adds Workhorse electric van to fleet

Workhorse Group (NASDAQ: WKHS) has announced that Colonial Routes, in Farmington, New York, is the first FedEx independent service provider (ISP) in the country to participate in Workhorse’s new nationwide program for FedEx Ground delivery vehicles. Workhorse’s new FedEx Ground vehicle program is now open to contractors nationwide. The company’s E-GEN and E-100 vans are… Read more »

Is Toyota changing its tune? 10 new EVs in the pipeline

Toyota, the world’s second-largest automaker, and one of the largest electrification skeptics (its execs have made statements disparaging battery EVs, and its Lexus subsidiary has run ads mocking EVs), now says it plans to launch 10 new pure EVs by “the early 2020s,” and to add electrified variants to its entire lineup by 2025. “As a mass-market… Read more »

Tesla Model 3: Will this machine kill the Oil Age?

It’s hard to overestimate the importance of the Tesla Model 3 (although the media has been doing its best). There’s no question that it’s a momentous motorcar on (at least) three levels. First, Model 3’s success is widely assumed to be an existential issue for the company – if it fails to deliver on its… Read more »

Workhorse orders 500 more electric powertrain systems from TM4

Powertrain provider TM4, a subsidiary of Hydro-Québec, has received a new purchase order from Workhorse Group (NASDAQ: WKHS) for 500 SUMO MD powertrain systems, following last year’s order of 150 systems. Workhorse will install the powertrains in its E-GEN and E-100 delivery trucks, destined for such customers as UPS and FedEx Express. The Workhorse E-100… Read more »