Maxwell Technologies has agreed to acquire Nesscap Energy for $23.175 million, or about 1.1 times Nesscap’s annualized revenue. The purchase price will be paid by the issuance of approximately 4.6 million Maxwell shares. Nesscap has operations in Korea, Germany, and China. As a specialist in small cell format ultracapacitor products, Nesscap provides R&D and manufacturing… Read more »
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2017 Chevrolet Bolt EV: The era of long-range, mid-priced EVs is here
The 2017 Chevrolet Bolt EV will surely be remembered as a milestone model in automotive history – and hopefully for more than just the hype that heralded it. For several years, the punditocracy has been saying that the “killer app” that would bring electromobility to a “tipping point” and build that all-important “critical mass” would… Read more »
Kia exec: EV version of Niro wagon to be offered in 2018
Vehicles from South Korean carmakers Hyundai and Kia often share components and technology, although the two brands compete in the marketplace. The Kia Niro hybrid wagon and the new Hyundai Ioniq Hybrid hatchback share the same platform and powertrain. The 2017 Ioniq will be offered in hybrid, plug-in hybrid and electric models – the EV… Read more »
LG Chem Michigan creating more jobs as EV market grows
Korean batterymaker LG Chem is one of the rising stars of the EV revolution. Its cells power the Chevy Volt, and its components are an integral part of the new Bolt. It will also supply the battery pack system and controls for the 2017 Chrysler Pacifica Hybrid minivan. This is translating into jobs in the… Read more »
Tesla Gigafactory begins producing cells
It seems we’ve been waiting forever, but in fact, as these things go, it happened with lightning speed. Tesla’s game-changing Gigafactory has started producing battery cells, destined for the Powerwall and other energy storage products and, beginning in the second quarter, the Model 3. The sprawling Nevada plant is already assembling utility-scale Powerpacks for Southern… Read more »
SK Innovation considers China EV battery factory
SK Innovation, South Korea’s largest oil refiner and chemical supplier, says it is having talks with several companies about jointly establishing an EV battery factory in China. “An investment announcement will likely be made in the near future,” said Chief Executive Chung Chul-khil, adding that the joint venture in China may be with a battery… Read more »
Hyundai EV, with 110-mile range and 100 kW charging, to arrive in the US this year
[Updated: 3/28/16 to include fast charging information.] The Hyundai Ioniq, the first vehicle from a major automaker to be offered in three electrified versions, is on its way. The Ioniq Electric will begin deliveries in South Korea in June, and is expected to arrive on American shores later this year, after the Ioniq Hybrid. The… Read more »
GM names LG Chem Supplier of the Year
GM has honored Li-ion battery maker LG Chem by naming it a GM Supplier of the Year at an awards ceremony in Detroit. LG Chem was one of only 110 of GM’s suppliers to receive this exclusive award, which it has now won for six consecutive years. There’s no question that LG Chem is an… Read more »
LG Chem to deliver complete battery pack for Chrysler Pacifica minivan PHEV
Korean battery maker LG Chem will supply the 16 kWh Li-ion battery pack system and controls for the 2017 Chrysler Pacifica Hybrid minivan. LG Chem Power CEO Denise Gray recently noted that LG Chem’s cells, modules and batteries are currently powering some 490,000 vehicles, spanning all levels of electrification from micro-hybrids to BEVs. However, the… Read more »
Hyundai joins the plug-in club with the 2016 Sonata PHEV
Around the world, automakers are facing ever-tightening emissions regulations, and they understand very well that improving the efficiency of their internal-combustion engines isn’t going to be enough to bring them into compliance. Each OEM has crafted its own strategy to reduce the average emissions of its fleet. Hyundai has opted for an “all-in strategy,” developing… Read more »