Since the current US administration eliminated federal EV tax credits, several states have implemented their own pro-EV measures, or beefed up existing programs. In California, the administration of Governor Gavin Newsom has proposed to create a new version of the state’s Clean Vehicle Rebate Program, which ended in 2023 and spent $1.49 billion to subsidize… Read more »
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Cyclic Materials raises $75 million to scale rare earth magnet recycling
Cyclic Materials has closed a $75-million Series C equity round to scale its rare earth element recycling operations across the US and Europe and accelerate its Canada-based research and development footprint. The company says the funding will speed deployment of locally anchored recycling infrastructure for magnet-containing end-of-life scrap and magnet production waste—materials it processes to… Read more »
Octillion reports milestone of 3,653 EV battery systems built in one day across nine factories
Octillion Power Systems, a Tier 1 supplier of electric vehicle battery systems, says it set a single-day manufacturing record on December 3, 2025 by producing 3,653 EV battery systems, representing about 114 MWh of energy production. The company says the output was achieved across nine battery manufacturing facilities in the US, India and China, pointing… Read more »
LS Cable and System adds automotive cable production lines in Mexico plant with $156 million investment
LS Cable and System is investing $156 million in its manufacturing subsidiary in Querétaro, Mexico. The company says the funding will expand LSCMX production capacity and strengthen an integrated manufacturing and supply-chain platform across North America. LS Cable and System says the investment will turn LSCMX into an “energy and mobility manufacturing base” serving the… Read more »
Honda Base Station prototype: Honda’s unexpected new “electric vehicle”
The built-in battery doesn’t power the wheels, but Honda’s prototype all-electric camping trailer offers all the benefits of electricity far from the grid. Lofty words about “challenging convention” and being “deeply committed to innovation” and taking “bold actions” for a new product are almost a staple of automaker presentations. Occasionally, however, the language may be… Read more »
Harbinger’s plan to conquer an underserved segment of the electric truck market
If you build it at price parity, they will buy Charged has been covering the electric truck market for a decade, and we’ve seen a lot of startup truckmakers come and go. The market is developing at a painfully slow pace—lots of pilots, but few large-scale deployments. The major OEMs haven’t fared any better with… Read more »
US DOE to invest $134 million in developing domestic rare earth supply chain
The US Department of Energy (DOE)’s Office of Critical Minerals and Energy Innovation (CMEI) will award up to $134 million to projects establishing domestic supply chains for rare earth elements (REEs). The funding will support projects that demonstrate the commercial viability of recovering and refining REEs from unconventional feedstocks including mine tailings, e-waste and other… Read more »
Flemish public transport operator to deploy 500 Daimler electric buses
The Flemish public transport operator De Lijn has ordered 80 Mercedes-Benz eCitaro electric buses, which are scheduled for delivery beginning in early 2027. This order is part of a framework agreement under which De Lijn will take delivery of 500 Daimler electric buses. Vlaamse Vervoermaatschappij De Lijn (just “De Lijn” for non-Flemish speakers), headquartered in… Read more »
Vulcan Energy secures €1 billion in financing for lithium production in Germany
The Export and Investment Fund of Denmark (EIFO) has granted an export loan of €100 million to Vulcan Energy for its Phase One Lionheart Project, bringing the total debt package for the project to approximately €1 billion. Located in the Upper Rhine Valley Brine Field (URVBF) in southwestern Germany, the Lionheart Project aims to establish… Read more »
GreenPower obtains new financing, accelerates production of electric school buses to clear order backlog
GreenPower Motor Company has announced accelerated production of its electric school bus lineup, supported by a financing facility of up to $18 million, deployable in tranches of up to $2 million. The facility is designed to optimize cash conversion cycles, enabling GreenPower to match capital deployment with production timing as the company scales output. GreenPower… Read more »