AMPECO raises USD 16 mln in venture capital investment
AMPECO has raised a total of USD 16M in venture capital investment after having closed a Series A funding round of USD 13M led by BMW i Ventures. The funding will be used to drive further expansion into North America with a local presence while growing AMPECO’s engineering and product innovation teams. In addition to […]
Lightyear begins production of its Solar Car
Lightyear, the Dutch high-tech company that is said to be developing the world’s first solar-electric car, commences production of its first vehicle, Lightyear 0, at Valmet Automotive’s facility in Finland. The company plans on producing one car a week and gradually scaling up its production in the first quarter of 2023. It claims to be […]
Tata Motors partners HDFC Bank to offer Electric Vehicle Dealer Financing program
In a bid to increase EV adoption in the country, Tata Motors, India’s leading automotive manufacturer has joined hands with HDFC Bank, India’s largest private sector bank, to offer an Electric Vehicle Dealer Financing solution to its authorized passenger EV dealers. Under this scheme, Tata Motors will provide its dealers additional inventory funding over and […]
FLEETCOR Technologies acquires Plugsurfing and invests in Zap-Map
FLEETCOR Technologies, Inc., one of the leading global business payments company, announced recently the acquisition of Plugsurfing, a leading European electric vehicle (EV) software and network provider. FLEETCOR has also invested in Zap-Map, the UK’s leading EV search and pay mapping service. “We’re building a broad set of EV assets to not only support our fleet […]
Chery sets up new R&D system for Europe, North America and Shanghai
Chery has established a research and development system covering six research and development centers in North America, Europe and Shanghai. It has said to have applied more than 23000 patents and authorized more than 14000 patents (of which the invention patent accounts for 1/3). In the future, the Group will focus its businesses in new […]
Wallbox acquires COIL for North American EV charging market
Wallbox, one of the leading providers of electric vehicle (EV) charging and energy management solutions worldwide, recently announced that it has acquired COIL Inc (www.coil.co), one of the leading EV charging installation service in the U.S. that will allow Wallbox to offer key partners including Auto OEMs, Utilities and Dealerships in North America a one stop […]
UL Solutions launched BETR in evaluate EV battery enclosure material
UL Solutions, a world leader in applied safety science, recently announced the Battery Enclosure Thermal Runaway (BETR) evaluation, the first material screening test method at UL Solutions to evaluate electric vehicle (EV) battery enclosure material. The offering based on UL 2596, Test Method for Thermal and Mechanical Performance of Battery Enclosure Materials, was published on Jan. […]
Reason behind growing EV owners in Singapore: YouGov Report
With electric vehicle (EV) ownership in Singapore growing rapidly, latest data from YouGov Profiles reveals factors influencing purchase intention and top brands in the minds of consumers. More than two-fifths of EV owners say ‘protecting the environment’ would be one of their reasons for purchasing an electric car (44%), while around a quarter of EV […]
Stellantis and Samsung to invest USD 2.3 billion in the US for EV battery plant
Stellantis N.V. and Samsung SDI today announced that they have executed binding, definitive agreements to establish an electric vehicle battery manufacturing facility in Kokomo, Indiana, U.S. Targeted to start in 2025, the plant aims to have an initial annual production capacity of 23 gigawatt hours (GWh), with an aim to increase to 33 GWh in […]
Texas Instruments introduces new solid state relays for safer EVs
Texas Instruments (TI), the US-based electronic technology company, recently introduced a new portfolio of solid-state relays, including automotive-qualified isolated drivers and switches, that deliver industry-leading reliability to help make electric vehicles (EVs) safer. The new isolated solid-state relays also provide the smallest solution size while reducing the bill-of-materials (BOM) cost of powertrain and 800-V battery-management […]
