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Automated charging startup ROCSYS completes new investment round

Dutch startup ROCSYS, which is focused on developing automated EV chargers, has completed its seed investment round, led by Estonia-based investing company Superangel as well as Forward.one, a Dutch venture capital fund focused on high-tech hardware. This latest round follows previous funding by Dutch investment fund UNIIQ. As the auto industry continues to develop self-parking… Read more »

Volkswagen begins EV pre-production at Chinese plant

Volkswagen has begun pre-production in its plant in Anting, Shanghai, which will be singularly focused on manufacturing the automaker’s all-electric Modular Electric Drive Matrix (MEB) models for the Chinese market. The first vehicle produced will be the China-specific Volkswagen ID. model. Full-scale production at the Anting plant is scheduled for October 2020, at which point… Read more »

Honda turns up the voltage in Europe: another new EV, no more diesels, no more hydrogen

Red-blooded Americans were disappointed at Honda’s announcement that its new Honda E city car will not be coming to the US, but we have to compliment the company on its electrifying plans for the European market. The E is scheduled to go on sale on the Continent in summer 2020 with a $33,000 price tag,… Read more »

Dana introduces new e-axles and e-gearboxes for agricultural equipment

Under its Spicer brand of OE and aftermarket components, Ohio-based parts supplier Dana has unveiled new e-mobility technologies for field sprayers and telehandlers used in agriculture. The new Spicer Electrified e-Axles are designed for telehandlers with load capacities up to 6,600 lbs. Dana says its new Spicer Electrified e-Gearbox features a compact design that manages… Read more »

New report: Cost and performance of batteries improving much faster than forecast

A new report from the Rocky Mountain Institute (via Forbes) finds that improvements in the cost and performance of batteries are quickly outpacing forecasts, due to massive investments in battery manufacturing and steady advances in technology. According to RMI’s Breakthrough Batteries Report, venture capital firms invested over $1.4 billion in battery tech in the first… Read more »

GM, Toyota and Fiat Chrysler side with Trump in fight to gut fuel economy standards

GM, Toyota and Fiat Chrysler have announced that they will side with the Trump administration in its war with California over fuel economy standards, in direct opposition to competitors Ford, Honda, Volkswagen and BMW, which struck a compromise with the California Air Resources Board in July. CARB’s deal with the four automakers calls for fleet… Read more »

The important takeaways from Tesla’s earnings coup

Tesla’s earnings announcements often feature big surprises, but this one was a bolt of lightning. The California carmaker earned $1.86 a share in the third quarter, far exceeding even the most optimistic projections (according to Bloomberg, the smart money was expecting a 24-cent loss). Revenue actually came in just short of expectations, at 6.3 billion… Read more »