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

Fastned raises €75 million strategic investment

Fastned has received a strategic investment of €75 million in a private placement from Schroders Capital to expand its European fast-charging network further. The private placement of 2,032,520 new depositary receipts represents the same number of new ordinary shares in the company’s capital. Issued at 36.90 euros each and placed with Schroders Capital, the investment […] More…

New player FastWay wants to tackle Italy’s EV infrastructure

FastWay is an Italian startup with €50 million backing to install fast-charging infrastructure in Italy. They plan to install 15,000 charge points, delivering between 150 kW and 400 kW throughout the country in the next ten years. FastWay says it will build on public and private lands and mentions collaborating with municipalities; however, without providing […] More…

Porsche improves EPA range of 2023 Taycan in the USA

Porsche has significantly improved the EPA-estimated driving range figures of all 2023 Taycan model variants in the US compared to the range ratings from 2022. “Incremental software improvements since launch,” are responsible for the improved ranges, according to the German luxury carmaker. The range increase of around 50 kilometres (31 miles) according to the WLTP […] More…

Cylib secures seed funding for greener battery recycling

In Germany, Cylib GmbH, recently spun off from RWTH Aachen University, is a start-up for holistic battery recycling. The company has received 3.6 million euro in seed funding to make the recycling of lithium-ion batteries more efficient and environmentally friendly. At the heart of Cylib’s future business development is a proprietary, sustainable recycling method that […] More…

FEV inaugruates R&D centre in China

FEV, the vehicle development service provider based in Aachen, Germany, has inaugurated a research and development centre for battery and complete vehicle development in Shenyang in the Chinese province of Liaoning through its subsidiary FEV China. The R&D centre in Shenyang offers a broad portfolio covering all aspects of vehicle development, including CAE simulation and […] More…

Honda & Sony establish SHM joint venture

Sony and Honda have established their announced joint venture for electric cars and mobility services. With the founding of Sony Honda Mobility (SHM), the new company has revealed its production location and timeline, starting with pre-orders in 2025. The name Sony Honda Mobility was decided last summer. The company based in Tokyo is owned equally […] More…