STOREDOT MAKES PROGRESS ON MANUFACTURING EXTREME FAST CHARGE BATTERIES ON THREE CONTINENTS, NEARING MASS PRODUCTION READINESS

StoreDot aims to manufacture its leading XFC batteries on three continents: the US, Europe, and Asia Company deploys a strategy of making batteries where its automotive manufacturing customers are located, localizing its supply chain, reducing carbon impact and enabling just-in-time production StoreDot is set to produce its groundbreaking extreme fast charging cells in local gigafactories,… Continue reading STOREDOT MAKES PROGRESS ON MANUFACTURING EXTREME FAST CHARGE BATTERIES ON THREE CONTINENTS, NEARING MASS PRODUCTION READINESS

STOREDOT MAKES PROGRESS ON MANUFACTURING EXTREME FAST CHARGE BATTERIES ON THREE CONTINENTS, NEARING MASS PRODUCTION READINESS

StoreDot aims to manufacture its leading XFC batteries on three continents: the US, Europe, and Asia Company deploys a strategy of making batteries where its automotive manufacturing customers are located, localizing its supply chain, reducing carbon impact and enabling just-in-time production StoreDot is set to produce its groundbreaking extreme fast charging cells in local gigafactories,… Continue reading STOREDOT MAKES PROGRESS ON MANUFACTURING EXTREME FAST CHARGE BATTERIES ON THREE CONTINENTS, NEARING MASS PRODUCTION READINESS

Motor Vehicles Market size to grow at a CAGR of 6.3% from 2022 to 2027, Driven by the growing urban population – Technavio

NEW YORK, May 3, 2023 /PRNewswire/ — The motor vehicles market size is forecast to increase by USD 28,721.3 thousand units from 2022 to 2027. The market is estimated to progress at a CAGR of 6.3%, according to the recent market study by Technavio. The growth of the market will be driven by the growing urban population,… Continue reading Motor Vehicles Market size to grow at a CAGR of 6.3% from 2022 to 2027, Driven by the growing urban population – Technavio

Clean Technica: Sweden April Plugin Share Up Within Shrinking Auto Market002730

Sweden’s plugin electric vehicle share reached 55.7% of the auto market in April, up from 48.2% year on year (YoY). Full electrics grew share strongly, whilst plugin hybrids lost share slightly. Overall auto market volume was 20,588 units, down some 6% YoY, and down 35% from pre-2020 seasonal norms. The bestselling full electric vehicle was… Continue reading Clean Technica: Sweden April Plugin Share Up Within Shrinking Auto Market002730

Foretellix Raises $43 Million in Series C First Closing

New strategic investors include Woven Capital and NVIDIA TEL-AVIV, Israel and SUNNYVALE, Calif., May 2, 2023 /PRNewswire/ — Foretellix, the leading provider of safety-driven verification and validation solutions for Automated Driving Systems and Advanced Driver Assistance Systems (ADAS), announced today it had raised $43 million in the first closing of its Series C funding round… Continue reading Foretellix Raises $43 Million in Series C First Closing

Woven Capital, Nvidia back Foretellix’s autonomous vehicle validation tech

Startups working on driverless cars fully may no longer attract the kind of nine-figure acquisition or funding offers that were prevalent just a few years ago. But there are still pockets within the broader automated vehicle technology sector that have captured the interest and investment of strategic investors. “We’re looking for solutions that can integrate… Continue reading Woven Capital, Nvidia back Foretellix’s autonomous vehicle validation tech

Chinese electric vehicle brands expand to global markets

YOKOHAMA, Japan (AP) — Osamu Furukawa has driven lots of Japanese cars for his business converting classic gasoline-powered models to electric. But his favorite ride is an import: A battery-powered SUV from China’s BYD Auto. BYD Auto is part of a wave of Chinese electric car exporters that are starting to compete with Western and… Continue reading Chinese electric vehicle brands expand to global markets

Foretellix Raises $43 Million in Series C First Closing

New strategic investors include Woven Capital and NVIDIA TEL-AVIV, Israel and SUNNYVALE, Calif., May 2, 2023 /PRNewswire/ — Foretellix, the leading provider of safety-driven verification and validation solutions for Automated Driving Systems and Advanced Driver Assistance Systems (ADAS), announced today it had raised $43 million in the first closing of its Series C funding round… Continue reading Foretellix Raises $43 Million in Series C First Closing