DHL’s StreetScooter opens second factory as it emerges as an important EV manufacturer

DHL, one of the largest logistics companies in the world, started its StreetScooter subsidiary to build electric vehicles for its own fleet, but it is now emerging as an important electric vehicle manufacturer.
The company is now opening a second facto…

Infineon to create new power semiconductor plant in Austria

infineon
Semiconductor specialist Infineon Technologies has announced plans to build a fully automated new facility in Villach, Austria. The new plant will complement Infineon’s existing facility in Villach, and will focus on producing the company’s 300 mm power semiconductors. Infineon will invest $1.6 billion in the plant over the next six years. “Global demand for power… Read more »

New R&D partnership aims to put Québec in the Li-on battery race


Hydro-Québec and Nouveau Monde Graphite (NMG) have reached a research and licensing agreement that they hope will make Québec a contender in the booming battery business. The government-owned utility Hydro-Québec will assist NMG in developing small-scale mining operations to produce graphite which will be used as anode material for Li-on batteries. NMG’s graphite operation began… Read more »

EV startup NIO files for IPO


NIO, the Chinese EV startup backed by Tencent Holdings, has filed for a US initial public offering, Bloomberg reports. The Shanghai-based carmaker NIO (formerly known as NextEV) has submitted an initial confidential filing with the SEC, according to unnamed sources. The share sale, which could raise as much as $2 billion, is expected to take… Read more »