Australian mining company Fortescue has placed a $400-million order with Chinese heavy equipment maker XCMG (Xuzhou Construction Machinery Group). The sale, which includes over 100 pieces of electric equipment, is the largest single export deal in XCMG’s history. The massive contract includes a wide range of battery-electric heavy equipment, including electric wheel loaders, dozers, semi-trucks… Read more »
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Toyota invests $500 million in electric air taxi company Joby
Toyota Motor will invest an additional $500 million in Joby Aviation, a producer of electric vertical landing and takeoff (eVTOL) aircraft. The investment is intended to support certification and commercial production of Joby’s new electric air taxis, which the two companies view as “the future of air travel.” Toyota views the investment as a continuation… Read more »
Unipart joins £11-million power electronics and electric motor initiative
Unipart Manufacturing is participating in Project PULSE (Power electronics Upscale for Localization and Sustainable Electrification), an £11-million ($14.5-million) initiative funded by the UK government through the Advanced Propulsion Centre (APC). The project, led by Protean Electric, brings together five industrial partners and two leading universities—Coventry University and Warwick Manufacturing Group (WMG) —to industrialize the assembly… Read more »
Wright Electric receives $3.34-million grant from FAA for ultra-lightweight aircraft batteries
Wright Electric, a US developer of ultra-lightweight motors, generators and batteries for the aerospace and military sectors, along with its partners, which include NASA, DOE and DOD, has been awarded a $3.34-million grant from the FAA’s Fueling Aviation’s Sustainable Transition (FAST) program. The funding will be used to develop a new class of batteries for… Read more »
Colorado announces $31.7 million in grants for electric buses
Governor Jared Polis and the Colorado Department of Transportation recently announced $31.7 million in grant funding to local governments, transit agencies and nonprofits for the purchase of 28 new electric transit vehicles. The Colorado Clean Transit Enterprise (CTE) will provide $15 million for the initiative, and the remaining $16.7 million will come from the Volkswagen… Read more »
Monarch Tractor raises $133 million in Series C funding for electric tractor
Monarch Tractor, creator of the MK-V electric tractor, has raised $133 million in a Series C funding round co-led by Astanor and HH-CTBC Partnership, with additional support from At One Ventures, PMV and The Welvaartsfonds. Monarch will use the new funds to further develop its AI product offering and expand its operational footprint domestically and… Read more »
Volvo, ZF, Cummins win $441 million in DOE funding to accelerate heavy-duty electric truck production
The US DOE has awarded nearly half a billion bucks to three companies under the Domestic Manufacturing Conversion grant program to help accelerate the production of heavy-duty electric trucks and related powertrain components. Volvo Technology of America will receive $208 to upgrade facilities at the Volvo Group’s Lehigh Valley Operations truck assembly site in Macungie,… Read more »
Volvo’s electric trucks have driven 80 million km in 5 years
Volvo Trucks has announced that its electric models, first introduced in 2019, have driven a total of more than 80 million kilometers in commercial traffic, equivalent to 2,000 laps around the earth. The company says it has sold more than 3,500 electric trucks in 45 countries over the past five years. Its global deliveries of… Read more »
itselectric secures $6.5 million in seed funding, will bring curbside charging to 7 US cities this year
Millions of drivers rely on on-street parking, and have no possibility of installing their own home charging stations. This situation, which your correspondent has dubbed the Plight of the Drivewayless, was long seen as a difficult dilemma, but nowadays a visit to Oslo or London makes the solution plain: plenty of on-street public chargers. Brooklyn-based… Read more »
Lincoln Electric’s Velion 150 kW DC fast charging station earns UL certification
Lincoln Electric’s Velion 150 kW DC fast charging station has achieved Canadian Standards Association (CSA/US) certification to standards UL 2202, UL 2231-1 and UL 2231-2 for EV chargers. The certification indicates that Lincoln Electric’s Velion EV fast charging station adheres to stringent safety and performance standards. Having earned CSA/US certification, Velion EV fast chargers are… Read more »