Infineon Technologies (OTC: IFNNF), Germany’s largest chipmaker, will acquire California-based International Rectifier (NYSE: IRF) for $40 per share in a $3 billion deal. International Rectifier specializes in power-management semiconductors. Particularly attractive to Infineon is IRF’s expertise in gallium nitride on silicon (GaN) semiconductors. According to Bloomberg, the acquisition will solidify Infineon’s position in GaN discretes… Read more »
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LG Chem to supply batteries to Audi
Korean giant LG Chem has agreed to supply batteries to Audi for hybrids and plug-in hybrids, and the companies will collaborate on various future plug-in projects, according to Reuters. “The batteries will be used in Audi’s next-generation plug-in hybrid electric vehicles. Given that Audi shares many auto platforms with parent Volkswagen, we expect more such… Read more »
Renault-Nissan expands cooperation with Mitsubishi, may develop EV
Nissan and Mitsubishi have agreed to expand their current partnership, and could jointly develop an EV. The two companies already work together to build the little egg-shaped Kei cars (of which the Mitsubishi i-MiEV is one example) for the Japanese market. They now plan to develop vehicles for sale abroad, with Mitsubishi introducing two sedans… Read more »
July plug-in sales: LEAF sets 17th straight monthly record
July plug-in sales were lower than in May or June, but 2014 is still on track to handily beat 2013’s figure. Sales of the industry-leading LEAF surged to 3,019 in July, the 17th consecutive monthly record, and just a little shy of May’s all-time monthly best. The 2015 LEAFs are now available for adoption –… Read more »
Tesla quarterly report: progress on all fronts
Steady progress was the theme of Tesla’s second-quarter report, released after the bell on Thursday. Development of the Gigafactory is firmly on track – the company formalized a partnership agreement with Panasonic, and has broken ground at a site near Reno, Nevada. Although, the final location of the factory is still uncertain. “Consistent with our… Read more »
It’s official: Panasonic will make major investment in Tesla’s Gigafactory (Updated)
Originally posted 7/29/2014 Panasonic has reached a basic agreement to participate in Tesla’s Gigafactory. The battery-maker will likely invest 20-30 billion yen ($194-291 million) initially, according to Nikkei. Tesla plans to start construction this fiscal year, and to begin producing battery cells in 2017. The Californians will foot the bill for the land and buildings, and… Read more »
Tesla halts production to gear up for Model X
Tesla has halted production at its Fremont, California assembly plant as it prepares to begin cranking out the Model X, and accelerate production of the Model S. A $100-million upgrade will add 25 robots and boost production by 25 percent. “This represents the single biggest investment in the plant since we really started operations and… Read more »
25 US utilities now offer EV rates with an average equivalent “price per gallon” of $0.75
Electric utilities are a key part of the e-mobility revolution, and a growing number of them are getting on board. According to a new study by the Northeast Group, 25 utilities in 14 states currently offer rate structures tailored for EV owners – typically discounts for charging during off-peak hours. The enlightened energy providers include… Read more »
Hyundai and Tesla trade barbs re government funding
Around the world, governments have invested serious money in EV charging infrastructure, and plenty more funding is planned for the future. In California, the state government plans to sink a substantial sum into hydrogen fueling infrastructure as well. It’s unfortunate, but perhaps inevitable, that fans of fuel-cells and boosters of battery-electric vehicles will be competing… Read more »
BMW and Samsung expand supply agreement for battery cells
BMW and Samsung SDI plan to expand their supply relationship for EV battery cells. The two companies have signed a memorandum of understanding that includes an increase in quantities delivered as well as further technological development of battery cells. BMW produces high-voltage batteries for the i3, i8 and other future hybrid vehicles at its plant… Read more »