Vietnamese EV-maker VinFast has designs on the US auto market—the company recently began building a factory in North Carolina, and now it has filed for an initial public offering on the US stock market. VinFast is also planning a funding round that could raise up to $1 billion ahead of the IPO. At this point,… Read more »
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Blink Charging acquires UK-based charging provider
Network operator Blink Charging (Nasdaq: BLNK), through its wholly-owned European subsidiary, Blink Holdings BV, has acquired UK-based charging provider Electric Blue (aka EB Charging) for some $23.4 million. Blink is currently present in more than 18 countries. This acquisition represents the company’s first entry into the UK market, and will add some 1,150 chargers to… Read more »
Toyota bZ4X to use new eAxle from AISIN, BluE Nexus and DENSO
Electric drivetrain manufacturer AISIN has teamed up with BluE Nexus and DENSO to develop an eAxle for the new Toyota bZ4X. Japan-based BluE Nexus is an electric drivetrain module and electric systems company. DENSO is an automotive component supplier that AISIN says has “developed and produced more than 20 million inverters since the launch of… Read more »
GM execs’ pay will be tied to reaching EV targets
In a recent interview, General Motors CEO Mary Barra said that a “significant part” of the company’s long-term executive compensation will be contingent upon reaching specific electrification targets, which will include volumes of EVs sold in North America, as well as launch timing and quality. Barra, whose total compensation package came to about $23.7 million… Read more »
Statevolt to build 54 GWh battery gigafactory in California
Startup Statevolt, a sister company of Britishvolt and Italvolt, plans to invest $4 billion to construct a new battery factory in California’s Imperial Valley. The new company’s team will take advantage of “previous learnings in gigafactory design and engineering,” as well as “an ecosystem of established project development partners.” Statevolt is currently searching for the… Read more »
Envision AESC to build 30 GWh battery gigafactory in Kentucky
Japanese battery technology company Envision AESC has announced that it will invest $2 billion to build a new battery gigafactory in the Kentucky Transpark in Bowling Green. The new plant will cover approximately 3 million square feet, and will produce battery cells and modules for “multiple global automotive manufacturers.” It’s expected to have an annual… Read more »
Wallbox builds EVSE factory in Texas, will produce bidirectional DC charger in 2023
Barcelona-based charging station manufacturer Wallbox has begun construction of a new manufacturing facility in Arlington, Texas. The company will invest some $11 million in the initial construction, and plans to begin production at the site by October of 2022. Wallbox says the facility’s annual production capacity will be over 250,000 units when it opens, and… Read more »
Hyundai to build EV assembly and battery factory in the US
Hyundai COO Jose Muñoz announced at the recent at the New York International Auto Show that his company will build a factory in the US for electric vehicle assembly and batteries. Automotive News reports that Hyundai plans to invest $300 million and create 200 new jobs at the plant. The automaker will choose a location… Read more »
New report finds smart charging could reduce emissions from EVs by as much as 8 percent
We know that EVs produce much less pollution over their lifetimes than fossil-powered vehicles (regardless of the thousands of daily Facebook posts claiming the opposite). However, generating the electricity to charge them is not emission-free, and as millions more EVs get hooked up to the grid, smart charging to maximize efficiency will be an important… Read more »
GM and Honda to codevelop affordable EVs
General Motors and Honda have announced plans to codevelop “a series of affordable electric vehicles based on a new global architecture using next-generation Ultium battery technology.” The two automakers have been working together on electric and autonomous vehicle technologies for some time—in 2018, Honda joined GM’s battery module development efforts, and in 2020, they announced… Read more »