Governments Invest In Electric Vehicle Battery Plant
The governments of Canada and the province of Quebec will make an equal investment totalling almost $100 million for the creation of a highly-automated battery-pack assembly plant in St-Jerome, an hour north of Montreal. The project which will require an…
Mullen Technologies And NexTech Batteries Will Deliver The Most Advanced Lithium-Sulfur Battery Technology Available Today
Mullen Technologies, Inc. (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, which previously announced a definitive agreement to merge with Net Element, Inc. in a stock-for-stock reverse merger in which Mullen’s stockholders will receive a majority of the…
US To Install Over Half Million Charging Stations To Push Electric Vehicles
The Biden administration plans to build more than half a million EV charging stations as part of its move to push electric vehicles on the road in a big way, the White House said. National Climate Advisor Gina McCarthy alongside…
WiTricity Extends Recent Funding For A Total Of $52M
Wireless power transfer leader WiTricity announced an additional $18 million to its previously announced October fund raise of $34 million for a total of $52 million. The extension included investments from Tony Fadell’s Future Shape and other private investors. Fadell…
Xos To Go Public And Expand Battery-Electric Vehicle Production
Xos Inc., a 5-year-old truck maker focused on delivering battery-electric commercial vehicles in Classes 5-8, announced a definitive agreement to go public through a business combination with NextGen Acquisition Corp., a publicly traded special purpose acquisition company based in Boca…
US Postal Service Awards 10-Year Contract To Oshkosh Defense For New Generation Of Delivery Vehicles; BEV And ICE
The US Postal Service awarded a 10-year contract to Oshkosh Defense to manufacture a new generation of US-built postal delivery vehicles that will drive the most significant modernization of the USPS fleet in three decades. Under the contract’s initial $482-million…
Lucid Motors Strikes SPAC Deal To Go Public With $24 Billion Valuation
Lucid Motors reached an agreement to become a publicly traded company through a merger with special-purpose acquisition company Churchill Capital IV Corp., in the largest deal yet between a blank-check company and an electric vehicle startup. The combined company, in…
Eaton’s Vehicle Group Launches Electric Vehicle E-Drive Gearing Design, Development, And Manufacturing
Power management company Eaton today announced its Vehicle Group is developing gearing solutions for electrified vehicles (EVs). Leveraging its expertise in producing transmissions and contract manufactured gear-sets for passenger and commercial vehicles, the Vehicle Group aims to be a leader…
EV-Battery Startup QuantumScape Soars On Technical Breakthrough
QuantumScape Corp., an electric-vehicle-battery startup, soared as much as 12% in late trading after saying it cleared a key hurdle in the development of its technology. The company, which is attempting to pioneer solid-state lithium-metal batteries for electric vehicles, said…
Ford Boosts Investment In Electric And Autonomous Vehicles To $29 Billion Through 2025
Ford Motor plans to invest $29 billion in electric and autonomous vehicles through 2025, the company announced when it reported better-than-expected fourth-quarter earnings. Wall Street was waiting to see Ford pour more money into the emerging technologies after General Motors…
