The automotive supplier Webasto receives a loan from the European Investment Bank (EIB) for the development of batteries for electric vehicles. The ‘Green Loan’ comprises 100 million euros and is intended to help create financial leeway to implement the business strategy. As is well known, this business strategy envisages an ever-increasing share of solutions for […] More…

GAC Aion has completed a financing round of 18.29 billion yuan (2.56 billion euros), in which 53 investors participated. The option of an IPO will probably now be explored with the strategic investors. The deal saw 1.383 billion shares issued, representing 17.72 per cent of GAC Aion. Parent company GAC now holds 76.89 per cent […] More…

The British electric vehicle startup Arrival has announced a plan to restructure its business to focus resources on van products for the US market. However, the company will continue to produce a small number of vans in Bicester to optimize microfactory processes and support trials with customers. The major factors in the company’s decision to […] More…

The British electric vehicle startup Arrival has announced a plan to restructure its business to focus resources on van products for the US market. However, the company will continue to produce a small number of vans in Bicester to optimize microfactory processes and support trials with customers. The major factors in the company’s decision to […] More…

Nio will offer the possibility to not only rent but also buy its electric models in Europe from 21 November. Until now, the business model of the Chinese newcomer only provided a leasing option. According to the manufacturer, the feedback from interested parties has changed its mind. Nio celebrated the European market launch of its […] More…

Tesla has lowered the prices for all variants of the Model 3 and Model Y in China. With the price reduction, the basic version of the Model Y slips below the 300,000 yuan threshold and thus now qualifies for government subsidies. The price reduction only applies to the Chinese market. Prices in Europe have remained […] More…

Bird says it has decided “to fully exit three European countries (Germany, Sweden, and Norway), and to wind down operations in several dozen additional” without specifying which. Bird adds that a lack of regulatory frameworks, resulted in an oversupply of vehicles, making it difficult to compete. “All this invariably leads to sizable losses for operators […] More…

The non-profit organisation “Upcell – European Battery Manufacturing Alliance” was recently founded in Paris. The members and partners have set themselves the task of building a European value chain for batteries and thus accelerating the transition to electromobility. To this end, the non-profit organisation, led by Claude Laperiere, will in future be involved in projects […] More…

TotalEnergies and Valeo have signed an agreement to develop a novel method for cooling electric vehicle batteries. At the heart of the collaboration is a new cooling fluid developed by TotalEnergies. According to Valeo, this dielectric cooling fluid will be able to be in direct contact with the battery cells. Valeo will now bring its […] More…

Electric aircraft manufacturer Eviation Aircraft has received a letter of intent from Germany for 25 battery-electric feeder aircraft. Evia Aero, which is developing a sustainable regional airline, intends to use Eviation’s Alice electric aircraft. The airline intends to use Alice as its primary aircraft for sustainable point-to-point regional flights within Germany, Denmark, Belgium, Austria and […] More…

Kia now offers a software update for its model year 2022 EV6 that is designed to speed up charging processes in cold temperatures. Battery conditioning, which is standard on 2023 EV6 models, the new EV6 GT and Niro EV, can now be optionally retrofitted to all 2022 EV6s. However, owners will need to visit the […] More…

General Motors is introducing another all-electric pickup truck. Like the previous combustion model, the Sierra EV runs under the GMC brand and is based on the Ultium platform. In the ‘Denali Edition 1’, the electric pickup with impressive data can already be reserved – but delivery will not take place until early 2024. The Sierra […] More…

TeraWatt Infrastructure, founded by ex-Google energy strategist Neha Palmer, has announced what it will do with its recent billion-dollar funding. Among the most concrete projects is a corridor for ultra-rapid charging of electric trucks. A network of high-power charging centres will spring up along the Interstate 10 highway, announces TeraWatt. The I-10 stretches from the […] More…

Arriva is expanding the zero-emission bus fleet in the Netherlands with new vehicles from VDL Bus & Coach. The Deutsche Bahn subsidiary has ordered 64 electric buses to enter service in the company’s North Brabant East concession. Specifically, VDL Bus & Coach will supply Arriva with 40 VDL Citea buses of type LF-122 and four […] More…

Chinese battery giant CATL has decelerated plans for new plants in North America. Media reports refer to new rules on battery material sourcing as the reason since these would drive cost higher, so CATL. Reuters news agency quotes two insiders. CATL reportedly laid eyes on Kentucky, South Carolina or Mexico as potential sites for new […] More…

The BMW Group has presented plans on how to expand the capacities for EV component production at the Leipzig site by 2024. In the future, eight production lines are planned on which various production steps of battery assembly will take place. The two existing battery module lines will be expanded by another line and five […] More…

Hyundai surprisingly stopped its fuel cell truck project in Switzerland. Hyundai wanted to bring 1,600 FC trucks to the Alpine nation by 2025. The Korean company handed over the first units at the end of 2020. Now the project is being cancelled because of the “extremely fluctuating energy prices”. Beat Hirschi, CEO of Hyundai Switzerland, […] More…

According to media reports, Hyundai is stopping its fuel cell truck project in Switzerland. Hyundai wanted to bring 1,600 FC trucks to the Alpine nation by 2025. The Korean company handed over the first units at the end of 2020. “Extremely fluctuating energy prices” are apparently the cause, however, Hyundai has denied that the initiative […] More…

According to media reports, Hyundai is stopping its fuel cell truck project in Switzerland. “Extremely fluctuating energy prices” are apparently the cause, however, Hyundai has since denied that the initiative will be stopped. To recapture, Hyundai wants to bring 1,600 FC Xcient trucks to the Alpine nation by 2025. The Korean company handed over the […] More…

In the USA, Electrify America has unveiled its first application of a megawatt-level battery energy storage system (BESS) for electric vehicle charging stations. The Volkswagen subsidiary already has smaller, existing BESS installations at over 150 stations across the U.S. This includes more than 100 installations in California. The megawatt level of this BESS means that […] More…