Chinese automaker Nio is continuing its European expansion with new models, but also ending free battery swapping in a bid to increase profitability. Nio last week unveiled its first wagon, the ET5 Touring. It’s a wagon version of the ET5, a sedan close in size to the Tesla Model 3 that was unveiled in 2021. The ET5 sedan already competes against… More…
CYVN Holdings invests 1.1 billion dollars in Nio
The Chinese electric car manufacturer Nio has secured an investment package of almost $1.1 billion. The fresh capital comes from the Abu Dhabi government fund CYVN Holdings. The latter will acquire about 84.7 million newly issued ordinary shares worth $738.5 million. The price per share is therefore $8.72. The deal is expected to close in […] More…
Mazda may use Panasonic battery cells in future electric cars
Panasonic and Mazda today announced they have agreed to enter into discussions on establishing a medium- to long-term partnership for automotive batteries. The tentative language suits Mazda’s relatively relaxed approach towards electrification, yet the timeline also fits. Mazda said it would commence “concrete discussions” with a view toward Panasonic Energy supplying the carmaker with cylindrical […] More…
Hyundai raises e-mobility budget to €25 billion
The Hyundai Motor Group with its car brands Hyundai, Kia and Genesis is further tightening its electric course. As the Korean Group announced at its ‘CEO Investor Day 2023’, the annual sales target for pure electric cars will be increased to two million units by 2030. This is another 130,000 BEVs per year more than […] More…
Australia’s Jolt is coming to Canada’s Telus network
Australian EV charging start-up Jolt announced today that it would enter the North American market in partnership with the Canadian communications company Telus. The strategic alliance aims to install up to 5,000 fast chargers and offers free charging sessions. Jolt will install EV charging stations in Toronto and Vancouver later this year. As is typical […] More…
Heidelberg Materials teams up with Volvo Group to cut CO2 emissions
Heidelberg Materials wants to reduce its CO2 emissions. The building materials group has signed a cooperation agreement with the Volvo Group to test electric vehicles. As part of a six-month feasibility study, the two companies want to determine “which emission-free vehicle technology and charging infrastructure will best suit the requirements of Heidelberg Materials’ operations regarding […] More…
VW Group Reaches Production Milestone: 1 Million EVs Based On MEB Platform
MEB underpins several models sold worldwide, including the VW ID.4, Skoda Enyaq, and Audi Q4 e-tron. More…
Toyota Ready To Sell Only EVs From 2035 In Europe
Forced by legislation, the Japanese automaker will have no other choice than to convert its entire European lineup to all-electric. More…
Torqeedo expands ‘Deep Blue’ battery series
Electric boat drive specialist Torqeedo has introduced a new battery option for its Deep Blue series of electric drive systems. The new Deep Blue Battery 80 uses LFP cells and offers a capacity of 80 kWh – twice as much as the generation of Deep Blue batteries already available. Torqeedo says the new battery’s cell-to-pack […] More…
Tesla Model Y Wins Award For Best New Family Car
The central touchscreen, impressive range, and effortless acceleration are all part of the crossover’s appeal. More…
Mercedes-Benz Recalls EQE, EQS, EQS SUV EVs For Faulty Software
The German brand says that under certain conditions, a loss of propulsion cannot be ruled out. More…
Aerolease orders up to 50 electric airplanes
Eviation Aircraft has landed another order for its all-electric plane Alice. It will deliver up to 50 units to the aviation leasing company Aerolease. The two companies have signed a memorandum of understanding to this effect, which has now been announced at the Paris Air Show. “As we gather for the Paris Air Show, the […] More…
Eve Air announces 3 potential global orders over 150 eVTOL
The eVTOL manufacturer Eve Air Mobility, which belongs to the Brazilian aircraft manufacturer Embraer, announced three potential orders for the sale of a total of 150 of its electric air taxis. Nordic Aviation is ordering 15 units from Eve Air as a fixed order and potentially 15 more. Eve signed a letter of intent with […] More…
NIO unveils its first smart electric tourer for Europe
NIO has announced its first EV tourer for Europe, the ET5 Touring.
The ET5 Touring uses NIO’s proven dual-motor all-wheel drive system, comprising a 150 kW… More…
Rivian to use Tesla charging standard in the USA
The US electric car manufacturer Rivian wants to install Tesla charging ports in its future electric cars. In addition, there is support from Texas to establish the North American Charging Standard (NACS) as the charging standard across the US. First to Rivian: From 2025, vehicles of the R1 model series and the upcoming R2 platform […] More…
China: Purchase tax exemption for NEVs is extended
The Chinese government is extending the purchase tax exemption for New Energy Vehicles (BEVs, FCEVs and PHEVs) for another four years. It is currently the only incentive available for NEVs in China and was due to expire at the end of the year. The Chinese Ministry of Finance officially confirmed the plan after it was […] More…
Bosch and X Shore team up on new electric boat drivetrains
Swedish electric boat maker X Shore has a new, lighter and more affordable model coming known as the X Shore 1. And with the help of Bosch, it’s going to be more efficient than ever. More…
Quick Charge Podcast: June 20, 2023
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. More…
BTC Power Will Integrate NACS Connector In 2024: Shows A Prototype
The company describes the move as critical innovation. More…
This cement company is installing a 25 MW onsite solar farm
Holcim US is going to install a 25-megawatt (MW) solar farm at its Michigan cement factory that will generate more than 30% of the plant’s power. More…
