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 »
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Global automakers planning to invest over $300 billion in electrification
Global automakers are planning an unprecedented level of investment to develop electrified vehicles and procure batteries over the next five to 10 years, according to a Reuters analysis of public data. Carmakers have announced plans to spend at least $300 billion on electrification projects. The lion’s share – some $136 billion – will be directed… Read more »
Tesla cuts workforce by 7 percent, warns of “very difficult” road ahead
Tesla announced that it will cut around 3,000 jobs – some 7 percent of its workforce – as it struggles to bring Model 3 prices down to an affordable, mass-market level. Elon Musk said the company did manage to squeeze out a profit in the final quarter of 2018, but warned that the “road ahead… Read more »
ARDA Power’s EV Charging DC Microgrid includes gas power, solar, battery storage and DC fast charging
Toronto-based ARDA Power plans to construct an EV Charging DC Microgrid at an Etratech manufacturing facility in Burlington, Ontario. The grid-connected microgrid will DC-couple 50 kW of solar generation, 10 kW of natural gas generation, 100 kWh of battery storage, LED lights and a 50 kW DC fast charging station that will use DC power… Read more »
A charging spot for disabled EV drivers
In some parts of the world, green EV charging parking spots are becoming almost as familiar as the blue ones for disabled drivers (although ICE drivers tend not to show the same respect for the green as they do for the blue). But what about disabled EV drivers? A new car park in the Manchester… Read more »
PlugStar aims to break the EV dealership deadlock
As anyone who follows the EV scene has surely noticed, auto dealerships are widely considered to be a major bottleneck on the road to EV adoption. Sales staff tend to be poorly informed about plug-in vehicles, and many dealerships make little effort to present them to buyers as an option. In the worst cases, salespeople… Read more »
Elon Musk breaks ground at Tesla’s Shanghai Gigafactory
Elon Musk joined the mayor of Shanghai and other local government officials for a ground-breaking ceremony at the site of Tesla’s new Chinese plant. Tesla plans to invest around $2 billion in the facility, which is expected to have a capacity of about 500,000 vehicles per year. The company hopes to finish initial construction this… Read more »
Is the Toyota Camry Hybrid the last sedan?
The sedan (or saloon, as our British friends call it), which has been the standard form factor for passenger cars for a century, now seems to be a dying breed, as SUVs and crossovers take over the market. Consumers love the extra space and increased ride height of an SUV, and automakers love the higher… Read more »
Hyundai reveals pricing for 2019 Kona Electric
It appears that Hyundai will be the next brand to join the 200-mile club. The Korean carmaker has announced the starting price for its 2019 Kona Electric crossover. The base model will start at $37,495 including delivery. Pricing for other Kona Electric trims are to be announced shortly. A single electric motor powers the Kona… Read more »
Amprius’s silicon nanowire batteries power the Zephyr S HAPS solar aircraft
Battery manufacturer Amprius is supplying lithium-ion cells to Airbus’s Zephyr program. Using Amprius’s cells, which contain a 100% silicon anode, the Zephyr S solar-powered unmanned aerial vehicle (UAV) recently flew more than 25 days, setting a new record for stratospheric flight. The Zephyr S is a high-altitude pseudo-satellite (HAPS), which combines the persistence of a… Read more »
