AM Batteries (AMB), a pioneer in lithium-ion dry-electrode technology, has closed a $25-million Series A financing round led by Anzu Partners. Other investors include TDK Ventures, Foothill Ventures, Toyota Ventures, Zeon Ventures, SAIC Capital, VinFast, Doral Energy-Tech Ventures, and Creative Ventures. AMB will use the funding to expand its team and accelerate its commercialization efforts,… Read more »
Search Results Found For: "Volkswagen "
EU lawmakers confirm 2035 zero-emission sales mandate for new cars and vans
The European Commission has agreed to set a zero-emission sales mandate for new cars and vans by 2035. As the average age of passenger cars in the EU is just under 12 years, this policy should put the bloc on track to reach the target of converting its fleet to zero-emission-only by 2050, the date… Read more »
UK taxi operator Addison Lee to use bp pulse Fleet Charging Hubs
Addison Lee, a London private-hire, courier and black taxi provider, plans to have a fully electric fleet by 2023. The company already has 450 Volkswagen ID.4s operating in London, and hopes to expand this fleet to 1,000 by the end of the year. Now Addison Lee has announced that it will use bp pulse’s fleet… Read more »
Rock Tech Lithium to supply Canadian lithium to Mercedes for processing in Germany
Mercedes-Benz Group AG and the Government of Canada have signed a Memorandum of Understanding (MoU) to explore deeper cooperation across all stages of the automotive value chain—from technical development and the extraction of raw materials to production, service life and recycling. A key focus will be securing sustainable sources of raw materials. Canada, which has… Read more »
Pinellas County, Florida installs DC fast chargers to prepare for electric school buses
Pinellas County, Florida, the home of your favorite EV magazine, will soon be one of the first counties in the state to deploy electric school buses. The Pinellas County School District has (finally) received a $5.5-million grant from the 2016 Dirty Diesel Debacle settlement with Volkswagen. School districts in Broward, Manatee, Miami-Dade, Orange, Palm Beach… Read more »
Florida awards VW settlement funding: $68 million for electric transit buses, $57 million for school buses
The Florida Department of Environmental Protection has awarded $68 million in grants for the purchase of 227 electric transit buses in 13 counties. The funds came from Florida’s $166-million share of Volkswagen’s $15-billion federal settlement for the Dirty Diesel Debacle. The electric buses will replace existing diesel buses in Alachua, Broward, Duval, Escambia, Hillsborough, Leon,… Read more »
Nissan exec: EV batteries lasting longer than predicted
If you use social media, you probably see a never-ending stream of “articles” insisting that EV batteries wear out in a few years, making the cars worthless, that they can’t be recycled, they’re full of poisonous chemicals, yada yada yada. That would be news to Nissan’s UK Marketing Director Nic Thomas. “Almost all of the… Read more »
Ford cuts 3,000 jobs, citing shift to EVs
Many have predicted that the shift to EVs will lead to job losses in the automotive industries, as EVs are simpler to assemble than legacy vehicles. The latest news from Ford appears to bear out this inconvenient truth—the automaker has announced that it will cut a total of 3,000 salaried and contract jobs, mostly in… Read more »
Northvolt raises $1.1 billion to support factory construction in Europe
Battery innovator Northvolt has issued a $1.1-billion convertible note to finance its expansion of battery cell and cathode material production in Europe. Investors participating in the capital raise included the Volkswagen Group, along with a raft of global financial institutions. This capital raise brings the amount Northvolt has secured since 2017 close to $8 billion…. Read more »
What does the bZ4X recall and buyback mean for Toyota’s EV efforts?
What on Earth is going on at Toyota? It was bizarre enough that the company that introduced the ground-breaking Prius (and has since sold over 15 million hybrids) had in recent years pursued a flat-earth strategy, bad-mouthing EVs at every opportunity and lobbying hard against government climate measures. Then came the news that the world’s… Read more »
