Specialty chemicals manufacturer Albemarle has acquired a location in Charlotte, North Carolina, where it plans to invest at least $180 million to establish the Albemarle Technology Park (ATP). The facility will be designed for novel materials research, advanced process development and acceleration of next-generation lithium products to market. The company expects that innovations at the… Read more »
Tag: Newswire
Eve Air Mobility secures credit lines of $92.5 million for eVTOL development
Brazilian eVTOL aircraft manufacturer Eve Air Mobility has received two credit lines totaling $92.5 million to support the company’s eVTOL development efforts. Brazil’s National Development Bank’s (BNDES) Climate Fund is expected to grant the first credit line, while the second line is expected to come from the BNDES Innovation Finance program. “We appreciate the confidence… Read more »
EV price war! Ford responds to Tesla price cuts, boosts production of Mustang Mach-E
The greatest barrier to EV adoption is the steep price premium relative to legacy vehicles—and for the past couple of years, prices have been moving in the wrong direction, thanks to supply-chain constraints and general post-COVID inflation. When Tesla recently announced price cuts of up to 20 percent, the boo-birds crowed about softening demand, but… Read more »
EverCharge’s load balancing enables large-scale EV charging solution at Houston airport
EverCharge, an SK Group company, will deploy “a significant number” of EV charging stations at Houston’s George Bush International Airport for Avis Budget Group. The stations will power Avis and Budget’s rental fleet of plug-in vehicles at the airport. Intelligent load balancing allows fleet operators to install more charging stations without straining the existing electrical… Read more »
LEM’s DC meter enables EV fast charging station makers to accelerate deployment
Sponsored by LEM. The US-certified DCBM 400/600 meter takes EV fast charging to another level.By Mathieu Beguin, Global Product Manager at LEM. With transportation accounting for over 20% of global CO2 emissions in 2020 and 17% of all greenhouse gas emissions (according to Statista), decarbonization is essential in this sector. However, the massive challenge facing… Read more »
Dachser to order 50 Mercedes-Benz eActros LongHaul trucks
German logistics service provider Dachser has signed a letter of intent to add 50 Mercedes-Benz eActros LongHaul electric trucks to its European fleet. The e-truck, with a range of around 500 km (310 miles), is expected to be ready for series production by 2024. Dachser has been using EVs such as the FUSO eCanter and… Read more »
Renesas launches new generation of automotive Intelligent Power Devices
Japanese semiconductor manufacturer Renesas Electronics has revealed a new automotive Intelligent Power Device (IPD) that’s designed to safely and flexibly control power distribution within vehicles. The new RAJ2810024H12HPD is available in a small TO-252-7 package and reduces the mounting area by about 40% compared to the conventional TO-263 package product. Renesas also says that the… Read more »
2024 Polestar 2 offers more power, more range and—surprise—lower emissions
Polestar (Nasdaq: PSNY) has given its Polestar 2 five-door fastback a major update for 2024, including new electric motors, rear-wheel drive, more battery capacity and—believe it or not, lower emissions. “With the new model year Polestar 2, we upgraded substantial tech and mechanical components of the electric drivetrain,” says Polestar CEO Thomas Ingenlath. “This is… Read more »
AMPECO raises $16 million for expansion of its EV charging management platform in the US
EV charging management platform AMPECO has raised $16 million in venture capital investment after closing a $13-million Series A funding round led by BMW i Ventures. The round also included LAUNCHub Ventures, Cavalry Ventures and a number of angel investors. The company offers a white-label, hardware-agnostic EV charging management platform that covers public, private and… Read more »
Kaluza launches V2X trial with Volkswagen Group UK
Bidirectional charging and Vehicle-to-Everything (V2X) are two of the buzziest terms in the EV world these days—but the two aren’t quite the same thing. The former is an enabling technology for the latter, which is a package of applications that include using an EV as a backup power source and providing services to electric utilities… Read more »
