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
Tag: Electric vehicles
Stellantis picks Indiana for its $2.5 billion EV battery factory with Samsung
Stellantis, the parent company of Dodge, Jeep, and Chrysler, has selected Kokomo, Indiana, as the site for its next electric vehicle battery factory. The plant will be built in partnership with South Korea’s Samsung SDI, which is a leading EV battery maker. The companies made the announcement Tuesday alongside Indiana Governor Eric Holcomb and several… Continue reading Stellantis picks Indiana for its $2.5 billion EV battery factory with Samsung
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
Samsung to invest $356b over five years to push up growth in strategic sectors
Samsung Group will invest 450 trillion won ($356 billion) in the next five years to accelerate growth in semiconductors, biopharmaceutical and other next-generation technologies, Samsung Electronics said. South Korea’s top conglomerate said on Tuesday the investments through 2026 are expected to help Samsung drive long-term growth in strategic areas such as the chip sector, while pledging aggressive investments in the biopharmaceutical sector to make it as successful as its chip… Continue reading Samsung to invest $356b over five years to push up growth in strategic sectors
Time to Turn Bullish on NIO Stock? This 5-Star Analyst Thinks So
With a loss of 50% year-to-date, NIO (NIO) shares have been the victim of several negative developments in 2022. These include rotation away from growth, supply chain snags impacting production and the fear of U.S. delisting for Chinese stocks. And most recently, zero-Covid policies have sent large parts of China into lockdown again. But following… Continue reading Time to Turn Bullish on NIO Stock? This 5-Star Analyst Thinks So
Why Nio Stock Is Falling Today
Nio investors are worried that if XPeng is continuing to feel the pinch from strict COVID regulations in China, then Nio will, too. Both Nio and XPeng are based in China, and the Chinese government has a strict “zero-COVID” policy that requires companies, production facilities, and even cities to shut down when coronavirus cases are… Continue reading Why Nio Stock Is Falling Today
Former CEO of Veolia Transportation and Transdev North America Joins BILITI Electric’s Board
Joseph has over 30 years of leadership experience with both public and private transportation organizations across the U.S., Canada, UK, Ireland, and South America. Currently, he is serving as the CEO of Mobitas Advisors, a leading Washington-based advisory firm working with growth-stage companies in the mobility, automotive and energy sectors. Mark is a board member… Continue reading Former CEO of Veolia Transportation and Transdev North America Joins BILITI Electric’s Board
Harley-Davidson’s Serial 1 announces a limited-edition electric mountain bike
Serial 1, the e-bike company spun out of Harley-Davidson nearly two years ago, unveiled another premium model designed to make you open your wallet in helpless surrender. The Bash/Mtn is the company’s first electric mountain bike, and from the look of it, it can absolutely destroy an off-road trail. A rigid, single-speed eMTB (electric mountain… Continue reading Harley-Davidson’s Serial 1 announces a limited-edition electric mountain bike
Mainspring Announces Deal with Lineage Logistics to Deploy up to 150 Mainspring Linear Generators; Raises Over $150 Million in Series E Round
News Summary: Lineage Logistics, the world’s largest temperature-controlled industrial REIT and logistics solutions provider, will deploy up to 150 Mainspring Linear Generators and explore the use of 100% green fuels to power the fuel-flexible Mainspring products. Global private equity investor Lightrock leads the Series E round, joined by Khosla Ventures, Bill Gates, Fine Structure Ventures,… Continue reading Mainspring Announces Deal with Lineage Logistics to Deploy up to 150 Mainspring Linear Generators; Raises Over $150 Million in Series E Round
Greentown Labs Announces Go Make 2022 with Mitsubishi Corporation (Americas), Supported by the M-Lab Companies
The partnerships-focused accelerator is accepting applications from startups with emissions-reducing supply chain innovations SOMERVILLE, Mass. and HOUSTON, May 24, 2022 /PRNewswire/ — Decarbonizing supply chains is critical to reducing emissions from the manufacturing sector and beyond. From production to packaging and distribution, each stage of the supply chain needs robust climatetech innovation. That’s why Mitsubishi Corporation… Continue reading Greentown Labs Announces Go Make 2022 with Mitsubishi Corporation (Americas), Supported by the M-Lab Companies