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

In a power move, China’s BYD plans to build a factory in Europe


Chinese-owned automaker BYD has announced plans to build a factory in Europe in hopes of bringing its affordable EVs to the masses there. As the brand picks up steam in sales, it will break ground on its first European factory, with Hungary selected as the location. Still, it has some challenges to face: a new investigation from the European Union, and a lack of solid brand recognition to compete with Tesla and European automakers. More…

Ionic MT to produce high-purity nano-silicon powder at new plant in Utah


Ionic Mineral Technologies, a US-based producer of nano-silicon battery anode technology, has announced the grand opening of its new production facility, technical center and headquarters in Provo, Utah. Ionic MT says the new facility will enable it to rapidly expand production of its Ionisil high-purity nano-silicon powder. Ionic says that, when incorporated as a 15%… Read more…

Ara Partners acquires magnetic materials producer Vacuumschmelze


Texas-based investment firm Ara Partners has acquired magnetic materials manufacturer Vacuumschmelze (VAC) from asset management firm Apollo. No transaction terms were disclosed. Germany-based VAC is the largest Western manufacturer of sintered NdFeB EV-grade permanent magnets, and has manufacturing facilities in Slovakia, Finland, China and Malaysia. VAC signed a long-term deal with GM in January 2023… Read more…