REE Automotive (Nasdaq: REE), a provider of EV platforms, today revealed P7-C, a Class 4 chassis cab offering a new cabin design built on REE’s P7 modular electric platform. The P7-C is designed to meet the requirements for the Inflation Reduction Act incentives, which are more stringent for EVs in Class 4 and above. It’s… Read more »
Tag: The Vehicles
Hyundai announces investment plans for EV production
The Hyundai Motor Group plans to invest $18 billion in its domestic EV industry by 2030. The funding will be used to increase production and exports and to foster EV-related industries. The Group announced plans to expand its annual EV production in Korea to 1.51 million units and global volume to 3.64 million units by… Read more »
Electrified transit bus sales overtake diesel in the EU
The skies are slowly beginning to clear in the EU, where the most recent quarterly sales data for transit buses shows that diesel-only buses no longer make up a majority of the market. As the International Council on Clean Transportation explains, city buses (not including coaches and interurban buses) make up about 60% of all… Read more »
Jaguar Land Rover to invest $18.9 billion in EV production over next five years
JLR announced that its Halewood plant in the UK will become an all-electric production facility. The company will invest $18.9 billion (£15 billion) over the next five years. Additionally, the company shared that its new medium-size SUV architecture EMA (electrified modular architecture) will now be fully electric. Adrian Mardell, JLR’s CEO, said: “Today I am… Read more »
Bridgestone introduces Turanza EV Grand Touring Tire
US-headquartered Bridgestone Americas has debuted its first dedicated EV replacement tire, targeting Tesla models 3, S, X and Y, and the Ford Mustang Mach-E. Thirteen additional sizes will be available in 2024. According to the company, its proprietary ENLITEN technology improves the all-season performance and wear life of the Turanza EV Grand Touring Tire and… Read more »
Toyota to supply EV powertrain and actuation components to Joby Aviation
Electric aircraft developer Joby Aviation (NYSE: JOBY) has signed a long-term agreement with Toyota to supply key powertrain and actuation components for the production of Joby’s aircraft. Toyota is Joby’s largest external shareholder, having invested around $400 million in the company, and the automaker has collaborated on a variety of projects to support the production… Read more »
Holcim to deploy 1,000 Volvo electric trucks
Construction material provider Holcim will deploy up to 1,000 electric trucks from Volvo by 2030. Deliveries will start in the fourth quarter of 2023. This deal, reportedly the largest commercial order to date for Volvo electric trucks, is part of a wider partnership between Holcim and Volvo Group to deploy electric trucks across Holcim’s operations… Read more »
BAE Systems and Eaton collaborate on electric drive solutions for commercial trucks
UK-based aerospace company BAE Systems and power management company Eaton have signed a memorandum of understanding (MoU) to work on the development of an integrated EV system for the commercial truck market. Eaton has recently partnered with Charge Enterprises to offer integrated charging infrastructure for fleets. The companies will initially offer a solution for the… Read more »
Iowa schools score $11 million in federal funding for electric school buses
In a first round of funding, the federal Clean School Bus Program has awarded 15 Iowa school districts $11.5 million to replace 32 existing school buses with electric models. The program provides $5 billion over the next five years to replace existing school buses with clean ones. “The Clean School Bus Program saves Iowa school… Read more »
Magna to produce off-road EV for INEOS Automotive
Canadian automotive parts supplier Magna has been awarded a contract to manufacture the INEOS Automotive off-road EV—expected to start production in Graz, Austria, in 2026. Magna started working with INEOS Automotive in 2018, providing complete vehicle engineering services ahead of the launch of the company’s first off-roader, the Grenadier. “As a global contract manufacturer with… Read more »
