The news that GM, Ford and other automakers plan to slow down production of EVs in response to slower sales growth (EV sales grew by only 50 percent last quarter) was like an early Christmas for the various varieties of EV-haters. For most of us in the EV industry, it was more like a visit… Read more »
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As others cry the blues, Hyundai announces record profit, keeps EV plans on track
While some legacy automakers whine that they can’t make a profit on EVs, and others cling to 20th-century tech such as hybrids and hydrogen, Hyundai is getting on with the business of selling EVs—and making a tidy profit, thank you. Hyundai Motor, which includes the Hyundai, Kia and Genesis brands, recently posted third-quarter financial results…. Read more »
OCSiAl to build graphene nanotube facility in Europe
Luxembourg-based nanotechnology manufacturer OCSiAl has received a construction permit for a nanotube manufacturing plant near Belgrade, Serbia. The 120-ton-per-year nanotube synthesis factory will open in 2024 and ramp up production through 2025. The facility will synthesize nanotubes and make nanotube suspensions for lithium-ion battery makers in Europe, the US and Asia, improving the performance of… Read more »
Winners and losers from GM’s rollback of its EV plans
When GM agreed to unionize its EV battery plants, we applauded the move, believing that the destructive UAW strike would end with the US Big Three legacy automakers and their unions beginning to come to terms with the EV future. We were wrong. As of this writing, the UAW has reached a tentative agreement with… Read more »
Beam Global acquires Amiga, creates Beam Europe
Beam Global, maker of the EV ARC solar-powered charging system, has acquired Europe-based Amiga DOO Kraljevo, a manufacturer of specialized structures and equipment including street lights, communications and energy infrastructure. Beam Global hopes the acquisition of Amiga, which will be re-branded as Beam Europe, will fast-track its growth into the European market. Beam sees Europe… Read more »
GlobalData issues report on worldwide EV growth
UK analytics and consulting company GlobalData forecasts in its latest report that, from 2022 to 2035, the total EV market will expand at a compound annual growth rate (CAGR) of 15.9%. The passenger EV segment is expected to reach a CAGR of 26.1% and the commercial EV segment a CAGR of 15%. Over the same… Read more »
Factorial Energy opens solid-state battery factory in Massachusetts
Factorial Energy, a developer of solid-state battery technology for EV applications, has opened a new battery manufacturing facility in the Boston suburb of Methuen, Massachusetts. The new plant represents a significant step in scaling up the production of Factorial’s solid-state battery technology for EVs. Factorial says its proprietary FEST (Factorial Electrolyte System Technology) quasi-solid-state batteries… Read more »
Go Eve secures US patent for its multi-EV charging DockChain technology
Anglo-Irish EV charging firm Go Eve has secured a US patent for its DockChain technology. This marks a milestone for the company, which is preparing to enter the US market in early 2024. Go Eve’s DockChain solution enables an existing EV charger to serve multiple vehicles. The patent encompasses various charging systems, including both Level… Read more »
California reaches 10,000 fast charger goal a year ahead of schedule
California politicians and officials recently gathered at a shopping center in Union City, the site of a new EVgo DC fast charging site, to celebrate the achievement of the state’s goal of deploying 10,000 fast chargers, a year ahead of the predicted date. The California Energy Commission (CEC) is the lead state agency supporting the… Read more »
ComEd, Millennium Garages to install 300 EV chargers at Chicago charging hub
Illinois utility ComEd is working with Millennium Garages to deploy 300 EV chargers at the downtown Chicago parking complex by 2026. ComEd recently cut the ribbon on the first 100 EV chargers, and has awarded $200,000 in energy efficiency incentives to support Millennium Garages in lowering its energy usage. “ComEd is committed to working with… Read more »
