California Governor Gavin Newsom has presented a $286.4-billion budget proposal for the 2022-2023 fiscal year. This so-called California Blueprint includes $22.5 billion in climate-related investment, and some $6.1 billion of this consists of EV-related initiatives. Newsom defended the aggressive scale of the state’s proposed investment, and gently chided the US federal government for its far… Read more »
Search Results Found For: "Lion Electric"
Vision Marine and Octillion to develop batteries for recreational boating market
Vision Marine Technologies (NASDAQ: VMAR) has partnered with battery supplier Octillion Power Systems to develop a custom high-voltage 35 kW battery pack exclusively for use in the recreational boating market. Octillion will manufacture a new battery system to power Vision’s E-Motion outboard powertrain, which features a 180 hp motor. The configuration of the battery pack… Read more »
Eaton buys EV connector manufacturer Royal Power Solutions for $600 million
Eaton has acquired US-based Royal Power Solutions for $600 million. “Growth opportunities tied to the electrification of our economy are accelerating, and Eaton is fully participating through our mobility and electrical businesses. The addition of Royal Power Solutions enhances our ability to capitalize on this secular growth trend across our eMobility, aerospace and electrical businesses,”… Read more »
New Jersey Senate approves bill mandating electric school bus program
The New Jersey State Senate has approved legislation that would require the New Jersey Department of Environmental Protection (NJDEP) to develop and implement an electric school bus program. The bill would provide funding for three years for the purchase of new electric school buses and charging infrastructure in at least 18 New Jersey school districts…. Read more »
DOE awards Eaton $5 million to develop turnkey fast charging system
The DOE has awarded power management company Eaton $4.9 million for a program to reduce the cost and complexity of deploying DC fast-charging infrastructure. Under the three-year program, Eaton will develop and demonstrate a compact turnkey fast-charging solution that is anticipated to reduce costs by 65% through improvements in power conversion and grid interconnection technology,… Read more »
Electrical steel shortage could slow OEM electrification plans
A new report from IHS Markit foresees the possibility of an electrical steel shortage, beginning in 2025, that could pose a threat to automakers’ electrification plans. Electrical steel is an iron-silicon alloy with magnetic characteristics that make it well suited for electric motors. Non-Oriented Electrical Steel (NOES) is one form that’s used to make motors…. Read more »
Powertrain specialist ePropelled raises $15 million in Series A funding
Massachusetts-based ePropelled has raised $15 million in Series A financing from individual investors. It will use the new funding to further develop its products and boost its sales and marketing efforts. ePropelled builds motors, generators and power management systems. Products include eAxles and the Dynamic Torque Switching (eDTS) powertrain system for EVs, as well as… Read more »
Octillion shipping 1,500 battery packs per day
Global battery supplier Octillion Energy has announced that it is now shipping over 1,500 battery packs per day. The company says rising EV sales in Brazil, India and China have contributed to the demand for its battery packs. In addition to electric buses in India and electric trucks produced by Brazilian automaker FNM, Octillion is… Read more »
Rivian to build $5-billion battery and assembly plant near Atlanta
Rivian Automotive is the brightest rising star in the EV firmament at the moment, and it’s flush with cash following a $11.9 billion stock offering in November. Now the company has announced plans to put some of that nest egg to work at a new $5-billion battery and assembly plant east of Atlanta, which is… Read more »
St Petersburg, Florida’s PSTA hopes to deploy 60 new electric buses
The Pinellas Suncoast Transit Authority, which serves Charged’s home city of St Petersburg, Florida, hopes to add 60 electric buses to its fleet over the next five years. The PSTA board has unanimously approved an agreement with bus-maker Gillig to provide the 60 new e-buses. The procurement, which is expected to cost $80 million, including… Read more »
