Factorial Energy, a startup working on solid-state batteries for electric vehicles, has added two more major automakers to its investor sheet: Mercedes-Benz and Stellantis, both of which plan to co-develop batteries in separate joint collaboration agreements. Mercedes, a brand of Daimler AG, said it invested a “double-digit million dollar” amount in Factorial. Stellantis declined to… Continue reading Stellantis, Mercedes-Benz invest in solid-state battery developer Factorial Energy
Tag: Electric vehicles
Deals · 4:42 PM UTCVolkswagen CEO, under fire over strategy, positive over recent talksVolkswagen CEO Herbert Diess, currently under heavy fire from u…
Volkswagen CEO Herbert Diess looks on during his visit to Volkswagen’s electric car plant in Zwickau, Germany, June 23, 2021. REUTERS/Matthias Rietschel/File Photo Register now for FREE unlimited access to reuters.com Register Volkswagen CEO takes positive tone at manager meeting Supply chain easing and outlook on the up, Diess said Discussions underway to assemble ID.3… Continue reading Deals · 4:42 PM UTCVolkswagen CEO, under fire over strategy, positive over recent talksVolkswagen CEO Herbert Diess, currently under heavy fire from u…
Car charging point numbers fall behind as plug-in vehicles surge
New SMMT analysis reveals that the number of battery electric and plug-in hybrid vehicles potentially sharing a standard public charge point deteriorated from 11 to 16 vehicles per charger between 2019 and 2020.1 Only one new charger is currently being installed for every 52 new electric vehicles registered, with cars that can be plugged-in now… Continue reading Car charging point numbers fall behind as plug-in vehicles surge
IONITY announces €700-million investment to expand charging network
European charging network IONITY has secured €700 million in new investment from current shareholders and a new investor: the BlackRock Global Renewable Power platform. This investment will enable IONITY to quadruple the number of its high-power 350 kW charging points to 7,000 by 2025. The new charging points will be situated on motorways, near major… Continue reading IONITY announces €700-million investment to expand charging network
Holoride debuts Ride crypto, the currency of its in-car metaverse
Holoride, the Audi-backed startup that’s creating an in-vehicle virtual reality entertainment system designed for passengers, has begun publicly selling its Ride cryptocurrency token. The launch of the crypto is the latest move by Holoride to build up its extended reality (XR) ecosystem of games and experiences created by a community of developers. Vehicle passengers keen… Continue reading Holoride debuts Ride crypto, the currency of its in-car metaverse
TDK Ventures backs innovative nanomaterials coating technology company, actnano
SAN JOSE, Nov. 30, 2021 /PRNewswire/ — TDK Corporation (TSE: 6762) announced today that subsidiary TDK Ventures, Inc. has invested in the Series B financing of actnano, a nanomaterials technology company that is setting new standards for electronics protection with its water and environmental-resistant smart coating solutions that protect a variety of products. actnano is… Continue reading TDK Ventures backs innovative nanomaterials coating technology company, actnano
@FCA: Stellantis and Factorial Energy to Jointly Develop Solid-state Batteries for Electric Vehicles
Stellantis and Factorial Energy to Jointly Develop Solid-state Batteries for Electric Vehicles November 30, 2021 , Amsterdam – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) and Factorial Energy (Factorial) announced today the signing of a joint development agreement to advance Factorial’s high-voltage traction solid-state battery technology. The agreement also includes a strategic investment from… Continue reading @FCA: Stellantis and Factorial Energy to Jointly Develop Solid-state Batteries for Electric Vehicles
Cummins Invests in Sion Power to Develop Lithium Metal Technology
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) has entered into an agreement with Sion Power Corporation, a leading developer of high-energy rechargeable battery technology, to design and supply battery cells based on their proprietary lithium metal technology for commercial vehicle applications. In connection with the agreement, Cummins has made an investment in Sion Power. The investment… Continue reading Cummins Invests in Sion Power to Develop Lithium Metal Technology
LG Energy Solution receives preliminary approval for its IPO
The company mandated KB Securities and Morgan Stanley to lead the proposed deal. South Korea’s LG Energy Solution (LGES) has received preliminary approval for its initial public offering, the Korea Exchange said on Tuesday. LGES, LG Chem Ltd‘s wholly owned battery subsidiary which supplies Tesla Inc, General Motor Co and Hyundai Motor Co among others,… Continue reading LG Energy Solution receives preliminary approval for its IPO
Autos & Transportation · 11:42 AM UTCVolvo Cars sees chip shortage extending into 2022, Q3 profit dipsVolvo Cars warned on Tuesday that the sector-wid…
STOCKHOLM, Nov 30 (Reuters) – Volvo Cars (VOLCARb.ST) warned on Tuesday that the sector-wide semiconductor shortage would continue into next year, as its first quarterly report since listing on the stock market a month ago confirmed a dip in revenue and profit. The Gothenburg-based carmaker said supply chains were still constrained but while production remained… Continue reading Autos & Transportation · 11:42 AM UTCVolvo Cars sees chip shortage extending into 2022, Q3 profit dipsVolvo Cars warned on Tuesday that the sector-wid…