EV charging management platform AMPECO has raised $16 million in venture capital investment after closing a $13-million Series A funding round led by BMW i Ventures. The round also included LAUNCHub Ventures, Cavalry Ventures and a number of angel investors. The company offers a white-label, hardware-agnostic EV charging management platform that covers public, private and… Read more »
Search Results Found For: "BMW"
Envision AESC to build 30 GWh gigafactory in South Carolina
Japanese battery player Envision AESC plans to invest some $810 million to build a battery gigafactory in Florence, South Carolina. The 1.5 million-square-foot plant will produce batteries to power the BMW Group’s next-generation EVs. By 2030, BMW plans to produce at least six fully electric models at its plant in Spartanburg. The investment marks the… Read more »
EU lawmakers confirm 2035 zero-emission sales mandate for new cars and vans
The European Commission has agreed to set a zero-emission sales mandate for new cars and vans by 2035. As the average age of passenger cars in the EU is just under 12 years, this policy should put the bloc on track to reach the target of converting its fleet to zero-emission-only by 2050, the date… Read more »
Innovative New Anode-Free Cell Enables Dual-Chemistry EV Battery Architectures
Michigan-based energy storage company Our Next Energy (ONE) has unveiled a 240 Ah prismatic anode-free cell after a 12-month R&D effort. ONE new technology will enable the commercialization of its Gemini dual-chemistry architecture, which will be integrated into a BMW iX prototype vehicle later this year. ONE’s 1,007 Wh/L cell eliminates the need for graphite… Read more »
Cadillac’s ambitious move to an all-electric luxury brand by 2030
The car that once advertised itself as “The Standard of the World” will go all-electric. Can the US luxury brand reinvent itself for a modern era…and for China? Among cutting-edge automotive buyers—the glitterati of Los Angeles, the tech millionaires of Silicon Valley, the finance titans of Wall Street—only one Cadillac is widely recognized. It’s a… Read more »
Rocsys joins European robotic charging consortium
Rocsys, a provider of autonomous robotic charging solutions, has joined ROCIN-ECO, a consortium with IONITY, Audi, TÜV SÜD, Porsche, BMW, Ford, Mercedes-Benz, AVL and Huber+Suhner. The vision of the ROCIN-ECO consortium is to equip fast charging stations along European highways with one or more robotic charging lanes. These will enable a fully automated charge and… Read more »
ONE reveals 1,007 Wh/L anode-free cell that enables a dual-chemistry battery architecture
Michigan-based energy storage company Our Next Energy (ONE) has unveiled a 240 Ah prismatic anode-free cell after a 12-month R&D effort. ONE says the new technology will enable the commercialization of its Gemini dual-chemistry architecture, which will be integrated into a BMW iX prototype vehicle later this year. ONE says its 1,007 Wh/L cell eliminates… Read more »
Letter from Norway: Everything’s going electric
Norway is to EV-spotting what Costa Rica is to birdwatchers—you can count on seeing a vast variety of species, including some that are very rare elsewhere in the world. On a recent visit, I added several EV models to my life list. On the streets of Oslo and Bergen, I saw tons of Teslas, loads… Read more »
Northvolt raises $1.1 billion to support factory construction in Europe
Battery innovator Northvolt has issued a $1.1-billion convertible note to finance its expansion of battery cell and cathode material production in Europe. Investors participating in the capital raise included the Volkswagen Group, along with a raft of global financial institutions. This capital raise brings the amount Northvolt has secured since 2017 close to $8 billion…. Read more »
Will the Buy American provisions of the revamped EV tax credit do more harm than good?
Auto industry experts (and others) are beginning to assess the details of the redesigned federal EV tax credit program contained in the Inflation Reduction Act. There’s broad agreement that the changes will help to speed EV adoption, but there’s also concern that some provisions of the law could be counter-productive, at least in the short… Read more »