Chinese battery cell manufacturer Eve Energy has broken ground in Malaysia to build a plant in Kedah, a state in the country’s northwest. The new factory will focus on producing cylindrical cells for electric two-wheelers and power tools for supply across Southeast Asia. Eve Energy has yet to disclose the capacity and start of production, […] More…

Hyundai Mobis has received a major order from Volkswagen. The South Korean automotive supplier of the Hyundai Motor Group will deliver ‘Battery System Assembly (BSA)’ for Volkswagen’s next-generation electric cars. The partners have yet to detail the order volume. However, Hyundai Mobis plans to set up a dedicated factory near the carmaker’s plants in Spain […] More…

The US electric car manufacturer Rivian was able to significantly increase its sales in the second quarter of 2023 and further reduce its losses. Rivian is also raising its production forecast slightly. According to the quarterly report now published, Rivian posted revenues of around $1.1 billion (€1.0 billion) from April to June 2023, compared to […] More…

Opel has given a glimpse of the brand’s electric future with the Experimental concept car. The battery-electric crossover, which was presented online, will celebrate its world premiere in September at this year’s IAA Mobility in Munich. According to Opel CEO Florian Huettl, the study, called Experimental, is intended to give “a preview of upcoming models […] More…

In the US, used electric vehicles are now also eligible for tax credits under certain conditions. BEVs, PHEVs or FCEVs that are at least two years old can qualify for up to 4,000 dollars in incentives. However, only under certain conditions. The US Environmental Protection Agency (EPA) just now announced expanding the US EV subsidy […] More…

MG Motor has unveiled the new Extended Range variant for its MG4 electric model, making it the first with a range of more than 500 kilometres of WLTP range. The MG4 Extended Range is currently only available in the UK, but will likely be offered in other European countries at a later date. Previous rumours […] More…

Austrian aircraft manufacturer Diamond Aircraft has completed the maiden flight of its all-electric eDA40 training aircraft at the company’s headquarters in Wiener Neustadt. According to the company, the successful first flight is a major step towards certification. Sören Pedersen, Head of Flight Test at Diamond, was at the controls for the first flight, which took […] More…

BMW has presented a special version of its 5 Series Sedan and the all-electric i5 for the Chinese market. Among other things, the China offshoots get a longer wheelbase, more space in the rear and specific design and equipment features. The 5 Series Sedan and the i5 for the Chinese market are produced at BMW […] More…

General Motors’ label BrightDrop is eyeing its next big market. Following the US and Canada, Mexico is next to receive the company’s electric vans as BrightDrop targets fleet customers. The new market entry also marks the end of a challenging period for the GM brand. In Mexico, GM confirmed today that it intends to launch […] More…

The US American charging infrastructure provider Universal EV Chargers has announced the receipt of substantial grants to accelerate the installation of EV chargers throughout Illinois. The Illinois Environmental Protection Agency (IEPA) has awarded competitive grants to deploy 176 new DC fast charging ports at 44 strategic locations across the state. These grants are part of […] More…

EVgo’s Board of Directors has appointed Badar Khan to succeed Cathy Zoi as Chief Executive Officer, effective on 9 November 2023. Zoi will retire as CEO and from the Board following an impactful career. Cathy Zoi oversaw a 957% increase in quarterly revenue since EVgo went public in 2021. Zoi did not disclose her reasons […] More…

The German battery manufacturer Varta plans to continue with the series production of battery cells for electric cars, using anode copper foil supplied by the South Korean company SK Nexilis. According to South Korean media reports, Varta will use SK Nexilis’ copper foil in a production plant for electric car battery cells with an annual […] More…

South Korean battery cell manufacturer LG Energy Solution (LGES) announces a joint venture with Huayou Recycling, a subsidiary of Huayou Cobalt, to set up two battery recycling plants in China. A plant for the pre-treatment of battery scrap will be built in Nanjing, and one for the post-treatment in Quzhou, not far away. The locations […] More…

Samsung SDI plans to expand its battery cell factory in Goed, Hungary, this year to produce large round cells with a diameter of 46 millimetres. BMW is said to be a future customer for these cells. That is what TheElec reports, citing unnamed sources. According to the report, BMW commissioned Samsung SDI to supply round […] More…

The US electric car manufacturer Lucid Motors reports another quarterly loss of more than 700 million dollars, but sees the financing of its business secured until 2025. Meanwhile, the presentation of the electric SUV ‘Gravity’ is scheduled for November. As per the second quarter 2023 financials now released by Lucid, the company posted revenues of […] More…

The US electric bus and battery manufacturer Proterra has filed for Chapter 11 bankruptcy protection. It is effectively an insolvency proceeding in self-administration for reorganisation. The company hopes to strengthen its financial position by recapitalising or selling business units. Proterra intends to continue its business operations during this process. “While our best-in-class EV and battery […] More…

Zachery Kirkhorn has stepped down as Tesla’s Chief Financial Officer (CFO). Kirkhorn is leaving the company after 13 years, four of which he served as CFO, or “Master of the Coin,” as Tesla calls it. He will remain available to Tesla until the end of the year to “support a seamless transition.” His successor has […] More…

The US Securities and Exchange Commission (SEC) has imposed a 1.5 million-dollar fine on the Californian EV startup Canoo for allegedly misleading investors in connection with its IPO. There are also personal consequences for the then CEO Ulrich Kranz. According to its investigation, the SEC believes Canoo deceived investors with unrealistic revenue forecasts of hundreds […] More…

The governments of South Korea and Indonesia have agreed to continue joint investments in electric vehicle and battery production in Indonesia. Moreover, they want to strengthen the supply chain for battery materials such as nickel. That is according to a statement by the South Korean Ministry of Trade, Industry and Energy. However, concrete sums are […] More…

At the end of July, the US Department of Energy (DOE) announced a funding initiative of 10.9 million dollars for 10 projects across nine states to develop technologies to extract and convert battery-grade lithium from geothermal brine sources in the USA. The ten projects are focused on two topic area developments, namely the ‘Field Validation […] More…