Valvoline Announces Purchase of Partner’s Interest in VCA Solutions Joint Venture

Acquisition of battery distributor enables a new last-mile delivery platform for Valvoline and an enhanced customer experience for service centers and installers LEXINGTON, Ky., May 24, 2022 /PRNewswire/ — Valvoline Inc. (NYSE: VVV), a global leader in vehicle care powering the future of mobility through innovative services and products, announced today that it has purchased… Continue reading Valvoline Announces Purchase of Partner’s Interest in VCA Solutions Joint Venture

@VW Group: G7 labor and social ministers learn about the transformation to e-mobility at Volkswagen005095

Today, as part of the German G7 presidency, the labor and social ministers of the G7 nations visited the Volkswagen main plant in Wolfsburg to learn about the site’s shift to e-mobility, along with other topics. The ministers were welcomed by Gunnar Kilian, Chief Human Resources Officer of Volkswagen AG, and Thomas Schäfer, future CEO… Continue reading @VW Group: G7 labor and social ministers learn about the transformation to e-mobility at Volkswagen005095

Innoviz Bolsters Sales Leadership with New Management Team Appointments

Innoviz has appointed Tali Chen as Chief Business Officer (CBO), effective immediately. Chen will oversee the Company’s business development activities, establish sales targets and KPIs, and implement, report and review strategic sales and marketing plans. Chen replaces Oren Rosenzweig, who is stepping down from his CBO and Board roles, effective immediately, to pursue new opportunities.… Continue reading Innoviz Bolsters Sales Leadership with New Management Team Appointments

Is costlier EV giving way to CNG, alternative fuel vehicles in India?

Representative Image New Delhi: Automakers all over the world are jacking up prices of electric vehicles (EVs) due to soaring lithium prices that have pushed up the raw material costs. For Indian consumers EVs are still ‘too expensive to seriously consider’. This coupled with the recent turbulence in the crude oil market, stakeholders in the… Continue reading Is costlier EV giving way to CNG, alternative fuel vehicles in India?

@Groupe PSA: PR Stellantis and Samsung SDI to Invest Over $2.5 Billion in Joint Venture for Lithium-Ion Battery Production Plant in United States003793

KOKOMO, Indiana, United States – Stellantis N.V. and Samsung SDI today announced that they have executed binding, definitive agreements to establish an electric-vehicle battery manufacturing facility in Kokomo, Indiana, U.S. Targeted to start in 2025, the plant aims to have an initial annual production capacity of 23 gigawatt hours (GWh), with an aim to increase… Continue reading @Groupe PSA: PR Stellantis and Samsung SDI to Invest Over $2.5 Billion in Joint Venture for Lithium-Ion Battery Production Plant in United States003793

Walmart is expanding its drone deliveries to reach 4 million households

Walmart announced on Tuesday that it’s planning on expanding the number of stores that offer drone-delivered packages; by the end of the year, it hopes to fly deliveries from 34 sites across Arizona, Arkansas, Florida, Texas, Utah, and Virginia. The company says the expansion will give up to 4 million households access to the service,… Continue reading Walmart is expanding its drone deliveries to reach 4 million households

Stellantis and Samsung SDI to Invest Over $2.5 Billion in Joint Venture for Lithium-ion Battery Production Plant in United States

Stellantis N.V. and Samsung SDI today announced that they have executed binding, definitive agreements to establish an electric-vehicle battery manufacturing facility in Kokomo, Indiana. Targeted to start in 2025, the plant aims to have an initial annual production capacity of 23 gigawatt-hours (GWh), with an aim to increase to 33 GWh in the next few… Continue reading Stellantis and Samsung SDI to Invest Over $2.5 Billion in Joint Venture for Lithium-ion Battery Production Plant in United States

@FCA: Stellantis and Samsung SDI to Invest Over $2.5 Billion in Joint Venture for Lithium-ion Battery Production Plant in US

May 24, 2022 , Kokomo, Indiana – Stellantis N.V. and Samsung SDI today announced that they have executed binding, definitive agreements to establish an electric-vehicle battery manufacturing facility in Kokomo, Indiana. Targeted to start in 2025, the plant aims to have an initial annual production capacity of 23 gigawatt-hours (GWh), with an aim to increase to… Continue reading @FCA: Stellantis and Samsung SDI to Invest Over $2.5 Billion in Joint Venture for Lithium-ion Battery Production Plant in US

SparkCharge Raises $23M in Series A Funding

SparkCharge, a Somerville, Mass.-based mobile EV charging network, raised $23m in Series A funding. The round was co-led by Tale Venture Partners and Pendulum with participation from Revolution’s Rise of the Rest Seed Fund, the Mark Cuban Companies, and Silicon Valley Bank, as well as Pusha-T and Summer Watson. SparkCharge has seen record-breaking growth over the… Continue reading SparkCharge Raises $23M in Series A Funding