Niron Magnetics has raised $21.3 million in new financing from the Volvo Cars Tech Fund and Volta Energy Technologies. Existing investors include Anzu Partners and the University of Minnesota. Niron will use the funding to build a pilot production facility in Minnesota. Niron’s Clean Earth Magnet technology eliminates the need for rare earth minerals in… Read more »
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Joby Aero completes 150-mile flight with electric VTOL air taxi
California-based Joby Aero has achieved an important milestone in the development of its electric air taxi, flying a full-size prototype vehicle more than 150 miles on a single charge, including a vertical take-off and landing. The flight was completed at Joby’s Electric Flight Base in Big Sur, California. The aircraft, piloted from the ground by… Read more »
Biden emissions announcement: major milestone or timid target?
The Biden administration has announced the federal government’s return to a policy of pushing automakers to reduce their vehicle emissions over time. The Big Three US automakers, and the United Auto Workers union, are on board, and their representatives joined President Biden at the White House to publicly announce plans not only to improve the… Read more »
Electrify America to phase out new CHAdeMO installations from 2022
The charging standards war ended in 2020, when Nissan announced that it would abandon the CHAdeMO DC fast charging standard in favor of the competing CCS standard. The only new plug-in vehicle on sale in the US that still uses CHAdeMO is the low-volume Mitsubishi Outlander PHEV. [Editor’s note: There’s also the 2021 LEAF, which… Read more »
2022 Hyundai Ioniq 5: First of an aggressive wave of new EVs
The 2022 Hyundai Ioniq 5 should be taken very seriously when it goes on sale this fall. It will be a new and likely very competitive entry in what will soon become a crowded field of EVs in the popular “compact crossover” segment. It’s not the first such EV: the Ford Mustang Mach-E, Tesla Model… Read more »
Five companies produce almost all EV battery cells for the US market
Five companies (AESC, LG Chem, Panasonic, Samsung and SK Innovation) produced almost all the battery cells used in plug-in vehicles for the US market over the past decade. Total capacity produced was 75,933 MWh. Panasonic supplied 74% of all the cells, and a majority of these were installed in Tesla battery packs. A small percentage… Read more »
Gridserve plans 50 charging hubs in UK, with 350 kW chargers
Sustainable energy provider Gridserve has unveiled plans to develop a £100-million EV infrastructure project in the UK. The Gridserve Electric Highway will offer a network of over 50 electric hubs, each with between six and twelve 350 kW chargers. Ten of these hubs are scheduled to go into service this year. The company also plans… Read more »
UCAP Power acquires ultracapacitor-related assets from Maxwell Technologies
UCAP Power, a San Diego-based developer of ultracapacitor-based power solutions, has purchased the Korean-based ultracapacitor business of Maxwell Technologies, along with other related assets, including the Maxwell brand. Maxwell Technologies is probably best known for being acquired by Tesla in 2019, which many believed had less to do with its pioneering work with supercapacitors (aka… Read more »
An EV laggard reverses course—Australian’s New South Wales announces promising pro-EV policy package
Australia is one of the least charged of the world’s wealthy countries. During the 2019 elections, Prime Minister Scott Morrison characterized EVs as a threat to Australians’ way of life, and that seems to have set the tone for Australia’s EV policy, or lack thereof, ever since. Until now, there has been little or no… Read more »
Skeleton Technologies raises €70 million to develop EV batteries and supercapacitors
Skeleton Technologies, a maker of energy storage devices, has secured an additional €29 million in Series D financing, bringing its total Round D financing to €70.4 million. “Unlike Tesla, Panasonic or LG, who use similar raw materials and compete in engineering, Skeleton has focused on vertical integration based on our proprietary curved graphene material,” said… Read more »