Volkswagen To Invest €15 Billion In Electric Mobility By 2024 In China
Volkswagen, a Germany-based automobile manufacturer, announced its plans to invest €15 billion (~$ 17.53 billion) in China’s electric mobility segment by the end of 2024. The carmaker’s China arm will collaborate with its joint ventures, including SAIC Volkswagen, FAW-Volkswagen, and…
Northvolt Raises $600 Million In Equity To Invest In Capacity Expansion, R&D & Giga-scale Recycling
Northvolt announced the signing of a $600 million private placement, led by Baillie Gifford, Goldman Sachs Merchant Banking Division and Volkswagen AG, enabling the company to make further investments in expanding its production and recycling capacity as well as R&D…
ZeroAvia Completes First Hydrogen-Electric Passenger Plane Flight
ZeroAvia recently completed the first hydrogen-fuel-cell-powered flight of a commercial-grade aircraft. The flight took place at the company’s R&D facility in Cranfield, England, with the Piper M-class six-seat plane completing taxi, takeoff, a full pattern circuit, and landing. This milestone…
CBAK Energy Has Successfully Developed Large-Sized Cylindrical Tabless Battery With 25% Boost In Energy Density And 20% Cost Saving
CBAK Energy Technology, Inc., a world’s leading lithium-ion battery manufacturer and electric energy solution provider, announced that its product release of 32140 large-sized cylindrical tabless battery has officially passed its technical and Pilot Plant tests which demonstrated its success in…
Tamil Nadu Chief Minister Flag Offs Solar And Electric Powered Rickshaws
Tamil Nadu Chief Minister K Palaniswami flagged off 13 types of solar and electric powered rickshaws, driven by women as a part of an initiative to protect the environment and empower women. According to its press release, K Palaniswami signed…
India Plans $4.6 Billion In Incentives For Battery Makers In Electric Vehicle Push
India plans to offer $4.6 billion in incentives to companies setting up advanced battery manufacturing facilities as it seeks to promote the use of electric vehicles and cut down its dependence on oil, according to a government proposal. A proposal…
China’s Electric Carmaker WM Motor Pulls In $1.47B Series D
Chinese electric vehicle startup WM Motor just pocketed an outsize investment to fuel growth in a competitive landscape increasingly coveted by foreign rival Tesla. The five-year-old company raised 10 billion yuan ($1.47 billion) in a Series D round, which will…
