• News aggregator on electric cars and electric vehicles (cars, motorcycles, boats, planes).

Investindustrial renews Rimac investment

Croatia’s EV powerhouse Rimac has received another 120 million euros from Investindustrial. The Italian investment fund first took a stake in Rimac in 2021. The renewed investment could be about more than “just” profit since Investindustrial also holds a stake in British sports carmaker Morgan. First to Rimac’s positioning in which Porsche and Hyundai are […] More…

Switch Mobility to set up shop in the UK

Switch Mobility has announced plans to invest £300Mn across the UK and India to develop its electric buses and light commercial vehicles. The British subsidiary of India’s Ashok Leyland has similar targets for Europe, where a new facility is under construction in Spain. Switch Mobility took a visit by British Prime Minister Boris Johnson to […] More…

CATL to start mining lithium in Yichun

The Chinese battery cell manufacturer CATL has secured the mining rights for a lithium mine in Yichun in Jiangxi province for 865 million yuan (123 million euros). According to CATL, the mine is expected to yield 2.66 million tonnes of lithium metal oxide. The prospect area reportedly covers 6.44 square kilometres. CATL now plans to […] More…

Stock market manipulation around Tesla again

A few days ago, a stock market service circulated the news that Tesla had bought the exploration company Lithium Corporation. Later it turned out that the announcement was apparently a deliberate hoax to increase the value of the lithium company’s share. The Lithium Corporation responded with a statement that it “wishes to inform shareholders that, […] More…

Schaeffler order rare earth metals from REEtec

The automotive supplier Schaeffler has signed a five-year contract with the Norwegian company REEtec for the purchase of rare earth oxides. Deliveries are scheduled to begin in 2024. The declared goal is to make electric motors for hybrid modules, hybrid transmissions and purely electric axle drives more sustainable. Among other things, this involves neodymium, which […] More…

Wallbox Chargers opens factory in Barcelona

The Spanish charging infrastructure manufacturer Wallbox Chargers has opened its new production facility in Barcelona, in which around nine million euros have been invested. Currently, the new factory in Barcelona produces almost 1,200 chargers per day. The fact that production is already running at this level for the opening has a simple reason: the opening […] More…