It’s back to the drawing board for BYD, which has mutually agreed with the Long Beach Transportation Company (LBT) to terminate its contract for the delivery of 10 electric buses. In a puzzling twist, Long Beach may still end up buying the BYD buses, but the current deal is dead, and BYD will have to… Read more »
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Chinese city orders 1,200 BYD electric buses
These days, when the Chinese do something, they do it big. The northern Chinese city of Dalian has signed an agreement with EV-maker BYD to purchase 1,200 of the company’s electric buses – 600 in 2014 and another 600 in 2015. The agreement also mentions an initiative to make more than half of Dalian’s future… Read more »
Federal regulators may block Long Beach BYD electric bus purchase
Long Beach Transit’s plan to buy 10 electric buses from Chinese-owned BYD has had a rocky road. Shortly after the transit board approved the deal last March, rival bus maker Proterra cried foul, and a couple of politicians asked why the contract didn’t go to a local firm. In October, questions were raised about the… Read more »
UQM Technologies secures $5.3 million in additional financing
Colorado-based UQM Technologies, a manufacturer of electric motors, generators and power electronic controllers, has closed on a $5.3-million offering of stock and warrants to institutional investors. The company plans to use the new funds for potential joint ventures, capacity expansion in new regions, and working capital for new business opportunities that are currently being pursued…. Read more »
New report says second-life batteries will be a $3 billion business
A new report from Navigant Research examines the market for second-life batteries. Noting that over 100,000 EVs have been sold thus far (nearly 180,000 according to Plug-In America), and that the battery packs are usually warranted for 8 to 10 years, after which they will retain an average 80% of their original capacity, Navigant asks:… Read more »
DOE announces $50 million for vehicle R&D funding, releases plug-in progress report
The DOE will award $49.4 million in new funding for projects that accelerate research and development of new vehicle technologies. The announcement identifies 13 areas of interest, of which 7 are described as “critical technologies” to meet the EV Everywhere Grand Challenge, which has a goal of making EVs more affordable and convenient to own… Read more »
DOE offers $10 million in research funding for batteries, motors and power electronics
If you’ve got an idea for cheaper, lighter, safer or more durable batteries or electric powertrain components, you may be eligible for a piece of a new $10 million pot of research funding. The DOE’s Vehicle Technologies Office (VTO) has issued an Incubator Funding Opportunity Announcement (FOA) for projects that address any of several “areas… Read more »
YASA Motors secures 5 million pounds in funding
UK-based YASA Motors has secured an additional £5 million in funding. The new equity finance has been raised from a combination of existing and new investors, and will be used to increase production capacity and to expand the company’s commercial activities. YASA manufactures a highly differentiated axial flux electric motor and generator based on its… Read more »
VIA Motors receives $80-million commitment for transcontinental electrification project
VIA Motors has received an $80-million purchase agreement to electrify hotels and other businesses as part of a transcontinental electrification project. The privately-funded project, Sun Country Highway, has placed over 1,000 charging stations across Canada to allow EV owners to travel coast-to-coast with free charging. In the next phase, it will provide charging for the… Read more »
Silicon nanowire batterymaker Amprius raises $30 million in Series C funding
Amprius, a developer of lithium-ion batteries using silicon anodes, has raised $30 million in a Series C funding round, which it will use to commercialize its batteries and further develop the next generation. The company introduced its first generation of batteries in May 2013, and is supplying smartphone and tablet OEMs with its first two… Read more »
