Volkswagen Begins Electric Vehicle Battery Recycling
Volkswagen has opened its first EV battery recycling plant, recovering raw materials like lithium, nickel, manganese and cobalt in a closed loop together with aluminium, copper and plastics. The pilot operation at the firm’s facility in Salzgitter, Germany, will initially…
Wallbox Gains €33Mn Fresh Capital
Spain’s charging solutions supplier Wallbox closed a €33 million financing round led by new investors Cathay Innovation and Wind Ventures. Existing investors such as Iberdrola and Seaya Ventures were also on board. Wallbox expects the new capital to inject strategic…
Finland Targets Investors In Bid To Create New Battery Industry
Finland is looking for investors to help it build a new industry around electric-vehicle batteries over the next half decade. The country, which refines more than half the cobalt produced in Europe, published a report, laying out its case. One…
Volvo Energy: Batteries, Charging, 2nd-Life, And Hydrogen
Volvo Group has formed a new business division, Volvo Energy, to streamline electrification. They will look to bundle internal activities around energy and charging but also provide used batteries to external customers for energy storage solutions. Volvo Energy concerns the…
Shell Looks To Wholly Own Ubitricity
Shell wants to take over the Berlin-based charging infrastructure specialist Ubitricity. Subject to antitrust approval, the deal is expected to close this year. Once the agreement is completed, Ubitricity is expected to become a wholly-owned subsidiary of Shell. “This decision…
Vertical Integration, Digitization Needed For EV Battery Supply Train Traceability
The electric vehicle battery business needs vertical integration and digitization to improve supply chain transparency and for the industry to have the full backing of the environmental, social and governance-investor community, according to market participants, speaking in an interview. As…
French Utility EDF Sees Opportunity In Hydrogen Fuel, Battery Storage Space In India
French utility major EDF Energy is exploring business opportunities in the Indian market for electric vehicle (EV) charging infrastructure, hydrogen fuel and battery storage technologies, in line with its plans for the post-Covid-19 economy. Technologies such as hydrogen fuel and…
Mercedes’ Flagship EV Will Have A Giant, 56-Inch Screen Spanning The Entire width Of The Car
Mercedes-Benz appears to be going all-in with the screens. Not only can the brand’s new S-Class flagship be fitted with as many as five screens, but the German automaker also wants to outfit its upcoming flagship EQS all-electric car with…
Norway’s EV Sales Rise To Record 54% Market Share
Electric-car sales in Norway overtook those of vehicles powered by combustion and hybrid engines last year. Full-electric cars made up 54 percent of all new cars sold in the Nordic country in 2020, up from 42 percent in 2019 and…
Fiat Chrysler Will Build Jeep, Alfa Romeo EVs In Poland
Fiat Chrysler Automobiles will modernize its Polish plant to build hybrid and electric Jeeps, Fiats and Alfa Romeos. The company plans to start production of the first of three new models at its factory in Tychy in the second half…
