The supplier BorgWarner has received an order to supply electric drives for a new electric truck from a German OEM. The unnamed manufacturer intends to use the technology in electric trucks for heavy distribution transport. The trucks are to be equipped with two HVH250 motors per axle, each of which will “achieve a peak power […] More…

Amazon has now increased its stake in electric vehicle start-up Rivian to around 20 per cent. This became known via a notification from the e-commerce giant to the US Securities and Exchange Commission (SEC). The online retailer is known to be both an investor and a major customer of Rivian. According to the official disclosure, […] More…

Amazon has now increased its stake in electric vehicle start-up Rivian to around 20 per cent. This became known via a notification from the e-commerce giant to the US Securities and Exchange Commission (SEC). The online retailer is known to be both an investor and a major customer of Rivian. According to the official disclosure, […] More…

BYD plans to raise the equivalent of around €1.53 billion in fresh capital by issuing 50 million new shares on the Hong Kong Stock Exchange. Meanwhile, the Group is expanding sales of its Han electric sedan to a number of countries in Latin America and the Caribbean. First to the stock market news: BYD finalised […] More…

The US government is sticking to its plan to increase the tax credit for electric vehicles assembled by union workers in the US to $12,500. The increase is part of the revised “Build Back Better” plan now presented. There is opposition to the proposed measure abroad. “Build Back Better” is a massive social package that […] More…

More than half of local councils in the UK have not made use of funds towards bolstering public charging infrastructure in the last year despite the ongoing boom in EV sales. 52 per cent of 216 authorities said they had spent no money on chargers in the previous 12 months. “In the next ten years, […] More…