Rivian Automotive has filed for an initial public offering and is seeking a roughly $80 billion valuation, Bloomberg reports. The Irvine, California-based EV startup has submitted its S-1 registration to the Securities and Exchange Commission, and hopes to make its IPO around the Thanksgiving holiday. Among the thundering herd of EV startups, Rivian is widely… Read more »
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Nissan aims to make BEVs 40% of US sales by 2030
Nissan has become the latest automaker to say it would like to sell more EVs in the US. The automaker announced its “intention” to make battery-electric cars over 40% of its US sales by 2030 (in addition to sales of hybrids and plug-in hybrids). Nissan also said that “every all-new Nissan vehicle offering in key… Read more »
Joby Aero completes 150-mile flight with electric VTOL air taxi
California-based Joby Aero has achieved an important milestone in the development of its electric air taxi, flying a full-size prototype vehicle more than 150 miles on a single charge, including a vertical take-off and landing. The flight was completed at Joby’s Electric Flight Base in Big Sur, California. The aircraft, piloted from the ground by… Read more »
Biden emissions announcement: major milestone or timid target?
The Biden administration has announced the federal government’s return to a policy of pushing automakers to reduce their vehicle emissions over time. The Big Three US automakers, and the United Auto Workers union, are on board, and their representatives joined President Biden at the White House to publicly announce plans not only to improve the… Read more »
How Williams Advanced Engineering built “the world’s most extreme battery”
Williams Advanced Engineering (WAE) has been a battery supplier to the Formula E electric racing championship since 2014. Now the legendary engineering firm is the sole powertrain developer for the new Extreme E off-road championship. WAE Principal Engineer Glen Pascoe recently discussed the challenges of creating a battery that can power Extreme E’s enormous Odyssey… Read more »
Toyocolor to supply carbon nanotube dispersions to SK Innovation
Japanese ink and materials manufacturer Toyocolor has been tapped to supply its Lioaccum series of conductive carbon nanotube (CNT) dispersions to the North American and European operations of battery-maker SK Innovation. Lioaccum dispersions are used as a conductive additive in Li-ion cathodes to help expand battery capacity. These batteries will be installed in EVs manufactured… Read more »
Lilium secures order from Brazilian airline for 220 electric jets
Azul, a Brazilian airline that serves 110 destinations and operates a fleet of more than 160 aircraft, has ordered 220 electric aircraft from Lilium in a $1-billion commercial deal and strategic alliance. The companies aim to establish a co-branded network in Brazil. Azul will operate and maintain the Lilium Jet fleet, and Lilium will provide… Read more »
DOE awards $60 million to 24 emission-reduction R&D projects
The DOE has awarded $60 million in funding to 24 R&D projects aimed at reducing CO2 emissions from passenger cars and light- and heavy-duty trucks. The projects, funded through the DOE’s Office of Energy Efficiency and Renewable Energy (EERE) Vehicles Technology Office (VTO), address the two largest contributors to transportation-sector emissions. Passenger cars and light-duty… Read more »
Umicore buys a stake in solid-state battery developer Solid Power
Umicore has announced that it holds a stake in solid-state battery specialist Solid Power, following Solid Power’s announcement of its intent to become a publicly listed company. Umicore built its stake through earlier Series A and B investment rounds. Solid Power also counts Ford, BMW, Hyundai and Samsung among its investors. The company claims that… Read more »
2022 Hyundai Ioniq 5: First of an aggressive wave of new EVs
The 2022 Hyundai Ioniq 5 should be taken very seriously when it goes on sale this fall. It will be a new and likely very competitive entry in what will soon become a crowded field of EVs in the popular “compact crossover” segment. It’s not the first such EV: the Ford Mustang Mach-E, Tesla Model… Read more »