IRP Systems, a provider of electric powertrain products, has raised $17 million in Series B funding. The round was led by Chinese venture capital firm Fosun RZ Capital. Other investors include JAL ventures, Entrée Capital, Tal Capital, Union Tech Ventures, Cendana Capital and Champion Motors. IRP Systems was originally founded as an aerospace powertrain company,… Read more »
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COVID-19 vs EVs: What happens?
EVs may experience minor hiccups, but they shouldn’t suffer much more than the rest of the auto industry. It’s the question everyone has to ask: How will the Covid-19 pandemic affect my business? For those in the electric-car world, the question is more pointed: Will the pandemic hurt the growth of electric vehicles over the… Read more »
VisIC partners with ZF to develop next-gen EV inverters
ZF Friedrichshafen and VisIC Technologies have announced a partnership to create a new generation of EV drivelines. The focus of the joint effort will be on 400-volt driveline applications, covering the largest segment of the EV market. ZF specializes in wide-band-gap semiconductor technology, such as silicon carbide and gallium nitride. Gallium nitride semiconductors are thought… Read more »
In-Charge Energy is preparing for the coming tsunami of commercial electric trucks
Widespread adoption of electric commercial vehicles has seemed to be just around the corner for several years now. This has been a puzzling and frustrating situation for EV advocates (and even more so for electric truck builders), because the economic case for electrification is strong. Several industry experts have told Charged that the slow progress… Read more »
Tesla sues county over lockdown, Elon Musk threatens to move HQ
Tesla has been champing at the bit to restart production at its Fremont factory. Now the state of California is lifting the lockdown, but Alameda County’s shelter-in-place order is scheduled to remain in place until the end of May, and county officials say Tesla cannot resume vehicle production yet. In response, Tesla has filed a… Read more »
New buses deployed in the EU are still 85% diesel
Last year, 85% of all new medium- and heavy-duty buses (over 3.5 tons) registered in the European Union were fueled by diesel, according to the European Automobile Manufacturers’ Association, a trade group that represents 16 major European car, truck and bus makers. “Alternatively-powered vehicles” (including natural gas, hybrid and electric) combined accounted for 15% of… Read more »
California proposes to enact zero-emission mandate for commercial vehicles
The California Air Resources Board (CARB) has released the final draft of the Advanced Clean Trucks standard. The latest proposal, which is stronger than previous drafts, is the first in the nation that would create a zero-emission mandate for trucks. The proposed rule would require automakers to sell a certain percentage of zero-emission trucks each… Read more »
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China cuts EV subsidies—Tesla Model 3 exceeds price limit
China has announced a cut to its subsidies on new energy vehicles (NEVs), effective immediately. It’s been something of a rollercoaster ride for the subsidies of late. In 2015, the government announced plans to end the subsidies this year. In January, it said there would be “no significant cuts” this year. In March it confirmed… Read more »