The US Department of Energy has announced preliminary approval for loans totalling 710 million dollars to produce EV technologies. The winners, SK Siltron CCS and American Battery Solutions are joining GM’s Ultium Cells and Ford in the loan program. Read more…
LGES purchases LFP cathode materials in China
The South Korean battery cell manufacturer LG Energy Solution is procuring large quantities of LFP cathode material from China. LGES has signed a contract with the Chinese company Changzhou Liyuan New Energy Technology for the supply of 160,000 tonnes of LFP cathode material. Read more…
MAN targets battery repair hubs in every market it sells commercial BEVs
MAN Truck & Bus plans to set up battery repair centres in eight European countries in 2024 and 2025 using two existing hubs as a blueprint. The multi-million investment is preparing MAN’s service network for the coming eTruck and a closed loop battery supply. Read more…
Olectra Greentech to build 2,400 electric buses for Mumbai
The Indian bus manufacturer Olectra Greentech has received an order for 2,400 electric buses from Mumbai. The twelve-metre-long vehicles will be delivered to local transport operator BEST within 18 months. Read more…
Li Auto fires 2 employees for unauthorized paid interviews
The actions of the two employees led to the leakage of the company’s trade secrets, with serious consequences, Li Auto said. Read more…
Morten Wierod to take over as new CEO of ABB in August
The Swiss technology group ABB will have a new CEO from 1 August 2024. Morten Wierod, who has been with ABB since 1998 and is currently Head of the Electrification division, will take over the CEO position from Björn Rosengren. Read more…
Vinfast delivers fewer EVs than planned in 2023
VinFast has presented its business figures for 2023. The Vietnamese manufacturer delivered 34,855 electric vehicles last year and posted a gross loss of just over half a billion US dollars. Vinfast aims to sell 100,000 cars in 2024. Read more…
BYD launches refreshed Dolphin, reducing starting price by 15%
The updated BYD Dolphin has a starting price of RMB 99,800, which is RMB 17,000, or 14.55 percent, lower than the previous starting price. Read more…
Volvo to reduce its stake in Polestar from 48 to 18 per cent
Volvo Cars intends to reduce its stake in Polestar to 18 per cent. To this end, the Swedes want to sell shares worth 9.5 billion crowns (approx. 850 million euros) to their shareholders. The transaction could be finalised this spring. Read more…
Audi confirms production of the next Q8 e-tron in Mexico
Three weeks ago, it was just a rumour. Now, there is certainty. Audi wants to withdraw production of the next Q8 e-tron from Europe and relocate it to Mexico. The Brussels plant, where the current generation is built, will not be closed – they will “think about something,” Audi says. Read more…
Tesla recalls 8,700 cars in China as reverse camera image may fail to display
Some of the vehicles included in the recall have unstable camera integrated circuit communication due to a software issue that may cause the reverse camera image to fail to display, according to an announcement. Read more…
Xiaomi denies after report says Xiaomi EV buyers could get free Beijing license plates
Earlier today a report claimed that Xiaomi may offer 2,000-3,000 free Beijing license plates as a promotional effort. Read more…
RAD Propulsion powers electric commuter boat
RAD Propulsion and Stephens Waring Design have teamed up on a project to launch a 26 ft electric commuter boat in the autumn.
Stephens Waring’s client requires an electric-powered vessel offering solid performance and dependability. Read more…
Nio testing use of humanoid robots on factory production line
Humanoid robot maker UBTech showed its Walker S robot working on an assembly line at a Nio factory in a video. Read more…
Rivian is opening up its charging network to other EVs
Tesla’s Supercharger network has been in the news a lot recently for opening up to EVs from other brands, and now Rivian has decided to follow suit. Rivian has its own charging network, called the Rivian Adventure Network, which at the moment comprises 400 fast chargers in 67 locations throughout the US. All of these have so far been exclusive… Read more…
Mercedes backtracks on its electrification goals, now targets 50% electrified sales by 2030
Back in 2021, Mercedes came out with an ambitious goal: to have 50% of its sales come from electrified vehicles by 2025. Today, the company has backtracked on that and delayed the goal by five years to 2030. A big part of the initial goal of 50% electric by 2025 was to be taken by all-electric vehicles, but now that… Read more…
Hyundai cuts IONIQ 5 price with rare 0% finance offer
In a fire sale, Hyundai is offering a rare 0% finance offer on the 2024 IONIQ 5 electric SUV. Hyundai’s new incentive could mean up to $7,800 in savings compared to a same-priced Tesla model. Read more…
Quick Charge Podcast: February 22, 2024
Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. Read more…
New Jersey offers $50,000 bi-directional electric school bus incentive
New Jersey recently announced a $45 million, three-year pilot program to put electric school buses to work in 18 school districts – and it’s offering up to $50,000 more for buses with the ability to power the schools. Read more…
Biagi Bros. posts pictures of its ten (10!) Nikola hydrogen semis
Just hours after Nikola announced that it had completed the first North American deliveries of its hydrogen fuel cell electric semi trucks, Biagi Bros. Logistics took to social media to post pictures of its new fleet of Nikolas. Plural. Read more…
