A Bill Gates-Backed Electric Vehicle Battery Developer Is The Latest Firm To Publicize Its Acquisition
An electric vehicle battery developer financed by Bill Gates and Volkswagen is the latest firm to reveal its intention of undergoing amalgamation through an explicit peculiar acquisition process. QuantumScape, which manufactures vehicle batteries, explained to the public that it would…
California Startup Aims To Tackle Battery Degradation In Electric Cars
Lithium-ion batteries are essential to electric vehicles, but they have drawbacks: They are hard to make and degrade over time. A San Leandro, California-based start-up said it had raised $4 million in funding and is working with German chemical giant…
Magnis Takes Next Step Towards “Six-Minute” Electric Vehicle Battery
Magnis Energy Technologies has taken the next step towards commercializing an electric vehicle battery that can recharge a vehicle in six minutes. The ASX-listed company had revealed in July that it had an electric vehicle battery in development that could…
General Motors Takes $2 Billion Stake In Electric Truck Startup Nikola
Nikola and General Motors today announced a strategic partnership. Through the deal, GM gets 11% ownership in startup Nikola, and will, in turn, produce Nikola’s wild fuel cell pickup truck by the end of 2022. Both companies’ shares jumped on…
GM And Honda Explore Designing Cars Together
General Motors and Honda are teaming up in a budding alliance between two auto giants that were at one time bitter rivals. GM and Honda announced a nonbinding memorandum of understanding. The agreement follows preliminary talks between the Detroit auto…
NeoCharge’s Power Splitters Make Adding EV Charging More Affordable For Owners
With all of the positives that electric vehicles provide, they do come with their own set of challenges, many of which have nothing to do with the vehicle. One huge challenge for many electric vehicle drivers is home charging. Where…
Workhorse Enters Into Strategic Agreements With Hitachi And Hitachi Capital America
Workhorse Group Inc., an American technology company focused on providing sustainable and cost-effective electric drone-integrated vehicles to the last-mile delivery sector, announced today newly-formed strategic agreements between the Company and both Hitachi America, Ltd. (“Hitachi America”) and Hitachi Capital America…
Volvo LIGHTS Project Broadens Electric Truck Charging Options In North America
Volvo Trucks North America has facilitated an important step toward the wide-scale electrification of medium- and heavy-duty trucks in North America through the expansion of charging options for fleet operators. In collaboration with key suppliers participating in the Volvo LIGHTS…
Volkswagen To Make Electric Car Cells, Battery Packs In The U.S.
German automaker Volkswagen AG said it was expanding its Chattanooga factory in Tennessee to make electric vehicle cells and battery packs in the United States, alongside assembling electric vehicles. The company said it plans to break ground for a laboratory…
Canoo Electric Vehicle Maker To Go Public To Raise $600 Million
Canoo Holdings Ltd., a company developing breakthrough electric vehicles (EV) from the ground up, and Hennessy Capital Acquisition Corp. IV (“HCAC”) , a special purpose acquisition company, announced they have entered into a definitive agreement for a business combination that…
