Ford has presented its business figures for the third quarter. The US manufacturer once again posted high losses for its electric car division – 1.2 billion dollars in the period from July to September. Read more…
Author: electrive.com
Freyr Battery expects €122 million grant from the EU
Freyr Battery has announced that it is to receive a grant of 122 million euros from the European Union Innovation Fund (EUIF) to realise a potential joint venture project for the production of cathode material in Vaasa, Finland. Read more…
Northvolt holds onto prospect of short-term financial boost of $300 million
The Swedish battery manufacturer Northvolt could finalise a ‘rescue financing round’ of 300 million dollars as early as next week. In addition, Scania has now agreed to equip all of its electric trucks with Northvolt batteries. Read more…
Tesla discloses patents for 48-volt system
After its NACS charging system, Tesla wants to make another of its components the industry standard with LVCS. This time it is about car connectivity. LVCS stands for Low-Voltage Connector Standard and is part of the 48-volt electronics architecture that Tesla uses for the Cybertruck. Read more…
Stellantis rolls out its Free2Move Charge Go charging service
The automotive group Stellantis is making progress with the development of its new subsidiary Free2Move Charge, offering access to more than 800,000 charging stations in 29 European countries with its new service called ‘Go’. Read more…
Ioneer wants to build lithium mine in Nevada
The Australian company Ioneer has received final approval from the US government for its Rhyolite Ridge lithium project in Nevada. Ioneer intends to supply lithium from Nevada for the batteries of more than 370,000 electric cars produced in the USA every year. Read more…
North Dakota to invest in fast-charging infrastructure
The North Dakota Department of Transportation has released a Notice of Funding Opportunity (NOFO) to strategically support the development accessible, reliable, and equitable EV DC fast chargers in up to 16 communities across the state. Read more…
Ford rolls out a new software update for EVs
The new software update deployed on Ford F-150 Lightning and Mustang Mach-E electric vehicles in the US will allow customers to enjoy a seamless end-to-end EV routing experience. Read more…
MobilityPlus plans to expand in Belgium and France with new financing
MobilityPlus, a provider of charging solutions based in Ghent, has received 40 million euros in a financing round. The company intends to use the fresh capital to drive forward its expansion in Belgium and France. Read more…
VW considers closing up to three German factories
Ahead of the next round of negotiations, Works Council Chairwoman Daniela Cavallo has provided further details on the planned savings in the Volkswagen Group. The Board of Management allegedly wants to close up to three plants, downsize all others, divest core areas and implement massive salary cuts. This would also affect electric car production. Read more…
Xpeng Aeroht lays foundation stone for eVTOL plant in China
Xpeng Aeroht, the flying car business of Chinese electric car manufacturer Xpeng, has begun construction of a production facility in Guangzhou. This will produce an electric vertical take-off aircraft as part of the so-called Land Aircraft Carrier and is expected to have an annual capacity of 10,000 units. Read more…
QuantumScape starts building its B-samples and announces management change
The solid-state battery specialist and Volkswagen partner QuantumScape has started producing small quantities of its first B-type cells – and has thus achieved its most important goal for 2024, according to its own statements. Meanwhile, long-standing CEO Jagdeep Singh is preparing to leave the company. Read more…
Waymo to expand ridership with $5.6 billion investment
The latest $5.6 billion investment pioneered by Google’s parent company, Alphabet, seeks to expand Waymo’s service across major US cities, in a move to expand Waymo’s ridership. Read more…
Daimler Truck and Volvo Group form alliance for software-defined trucks
Daimler Truck and the Volvo Group are getting serious with their joint venture for the development of a software-defined vehicle platform: both sides have now contractually finalised the establishment of the joint company. If the authorities give the green light, the joint venture is expected to get underway in the first half of 2025. Read more…
Porsche holds on to the combustion engine
SVOLT confirms cancellation of its Saarland plans
The Chinese battery manufacturer SVOLT will not be building two factories in Saarland after all. Instead, the company is discontinuing its operational business in Europe. SVOLT had already cancelled its plans for a factory in Brandenburg in May. Read more…
Hyundai presents new racing test vehicle with electric drive
Hyundai’s performance division N presents the RN24 technology carrier, which is intended to demonstrate the future possibilities of high-performance electric cars. Read more…
Rapido and IndoFast Energy promises to deploy Piaggio EVs across India
The collaboration between Rapido and IndoFast Energy promises to facilitate the deployment of 10,000 Piaggio electric three-wheelers with swappable batteries across India. Read more…
Ashok Leyland subsidiary secures new order for Switch EiV12 electric buses
In an attempt to facilitate green public transportation in India, the Metropolitan Transport Corporation (MTC) Chennai has ordered 500 units of the Switch EiV12 bus model. These buses are to operate for 12 years. Read more…
Mercedes & BMW get green light for fast-charging network in China
Mercedes-Benz and BMW have launched the construction of fast-charging parks in China with their joint venture Ionchi. The first seven locations have now been put into operation. By the end of 2026, a total of 1,000 fast-charging locations with a total of 7,000 charging points are to be built in 100 Chinese cities. Read more…
