Is Toyota a sleeping giant, poised to exploit the wimpy waffling of GM and Ford, and become the EV powerhouse it should be? Or will the company continue paying lip service to e-mobility while clinging to 20th-century technology? Who knows? We won’t presume to read the green tea leaves, but we are happy to report… Read more »
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Battery makers seem to be okay with an EV production slowdown
The news that GM, Ford and other automakers plan to slow down production of EVs in response to slower sales growth (EV sales grew by only 50 percent last quarter) was like an early Christmas for the various varieties of EV-haters. For most of us in the EV industry, it was more like a visit… Read more »
Ara Partners acquires magnetic materials producer Vacuumschmelze
Texas-based investment firm Ara Partners has acquired magnetic materials manufacturer Vacuumschmelze (VAC) from asset management firm Apollo. No transaction terms were disclosed. Germany-based VAC is the largest Western manufacturer of sintered NdFeB EV-grade permanent magnets, and has manufacturing facilities in Slovakia, Finland, China and Malaysia. VAC signed a long-term deal with GM in January 2023… Read more »
No complaints at Volvo—EV sales soar in October
The legacy automakers had a truly scary October. Ford and GM, both of which had seemed to be manfully slogging forward with electrification, have scaled back their EV plans, moaning that they can’t make a profit on EVs. (It’s not just American companies—VW and Mercedes are wavering too.) Their can’t-do jeremiads are aimed at politicians,… Read more »
As others cry the blues, Hyundai announces record profit, keeps EV plans on track
While some legacy automakers whine that they can’t make a profit on EVs, and others cling to 20th-century tech such as hybrids and hydrogen, Hyundai is getting on with the business of selling EVs—and making a tidy profit, thank you. Hyundai Motor, which includes the Hyundai, Kia and Genesis brands, recently posted third-quarter financial results…. Read more »
NOVONIX and SandboxAQ collaborate on AI solutions for EV batteries
NOVONIX, a battery materials and technology company, and SandboxAQ, an enterprise software-as-a-service (SaaS) company that combines artificial intelligence (AI) with quantum analysis (AQ), will collaborate to predict the lifespan of lithium-ion batteries. The companies will combine SandboxAQ’s AI-driven chemical simulation software and NOVONIX’s Ultra-High Precision Coulometry (UHPC) technology and battery cell prototyping and testing capabilities… Read more »
GlobalData issues report on worldwide EV growth
UK analytics and consulting company GlobalData forecasts in its latest report that, from 2022 to 2035, the total EV market will expand at a compound annual growth rate (CAGR) of 15.9%. The passenger EV segment is expected to reach a CAGR of 26.1% and the commercial EV segment a CAGR of 15%. Over the same… Read more »
OmniOn Power’s new 30 kW rectifiers for EV charging stations
OmniOn Power has developed new 30-kilowatt power supplies specifically designed for the EV market. The EV100H3NK and EV101H3N1K rectifiers convert commercial AC power to DC power for EV fast charging stations. To improve charger reliability and availability, the rectifiers can be deployed in parallel configurations of up to 12 or more power supplies, providing total… Read more »
Enabling Seamless Transition into the Next Generation of E-Mobility with HIVONEX Connector and Charging Solutions
Alternative propulsion is no longer an option but a clear part of the future vehicle layout and offering for all global vehicle manufacturers. Global and regional CO2 regulations are in place and are demanding to move away from traditional combustion engines and fossil fuel. TE is known as a global supplier for connector solutions within… Read more »
Volta Trucks becomes the latest electric truck maker to file for bankruptcy
Electric truck makers are having a rough time these days, as rising interest rates make fundraising harder. The German company B-ON, maker of the Streetscooter, filed for insolvency in September. In the latest chapter of Lordstown Motors’ colorful history, a bankruptcy court approved the sale of the company’s assets to its founder. Arrival is undergoing… Read more »