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
Tag: Strategy
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
@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
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
Battery maker Factorial Energy enters investment deal with Daimler, Stellantis
By Reuters Staff 2 Min Read Nov 30 (Reuters) – U.S. based Factorial Energy said on Tuesday it had entered into agreements with Daimler AG owned Mercedes-Benz and Stellantis NV, in a bid to commercialize its battery technology. Under the partnerships, both Daimler and Stellantis will make a strategic investment in the solid-state battery maker,… Continue reading Battery maker Factorial Energy enters investment deal with Daimler, Stellantis
07:00 ETDana TM4 to Establish New Electrodynamics Facility in Åmål, SwedenDana Incorporated (NYSE: DAN) announced today that its Dana TM4 joint ventur…
MAUMEE, Ohio, Nov. 29, 2021 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today that its Dana TM4 joint venture is establishing a new manufacturing facility in Åmål, Sweden that will initially produce electric motors for the mobility industry. This $50 million fully sustainable operation has received $10.7 million in support from the Swedish business development… Continue reading 07:00 ETDana TM4 to Establish New Electrodynamics Facility in Åmål, SwedenDana Incorporated (NYSE: DAN) announced today that its Dana TM4 joint ventur…
Nissan investing $17.6 billion in EV, battery development
Tokyo — Nissan said Monday it is investing $17.6 billion (2 trillion yen) over the next five years and developing a cheaper, more powerful battery to boost its electric vehicle lineup. The Japanese automaker’s chief executive, Makoto Uchida, said 15 new electric vehicles will be available by fiscal 2030. Nissan Motor Co. is aiming for a 50%… Continue reading Nissan investing $17.6 billion in EV, battery development
@Groupe PSA: PR Stellantis Signs Lithium Supply Agreement with Vulcan Energy002862
AMSTERDAM – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) and Vulcan Energy Resources Ltd. (ASX: VUL) announced today the signing of a binding agreement (“Agreement”) for Vulcan to supply battery grade lithium hydroxide in Europe for use in electrified vehicles to the Stellantis Group. The five-year agreement calls for shipments to begin… Continue reading @Groupe PSA: PR Stellantis Signs Lithium Supply Agreement with Vulcan Energy002862
Dana TM4 to Establish New Electrodynamics Facility in Åmål, Sweden
– Company breaks ground on highly automated e-Manufacturing site – Investment supports Dana’s commitment to a sustainable future – Project receives $10.7 million in business development grants – Dana extends more than 100-year history of operating in Sweden MAUMEE, Ohio, Nov. 29, 2021 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today that its Dana TM4… Continue reading Dana TM4 to Establish New Electrodynamics Facility in Åmål, Sweden
Stellantis locks in lithium supply agreement to secure EV battery materials
Stellantis, the global corporation formed through a merger between Fiat Chrysler Automobiles and French automaker Groupe PSA, signed a binding agreement with a lithium producer as more automakers look to secure key parts of the battery supply chain. The agreement is one in a flurry of deals between automakers and suppliers as the demand for… Continue reading Stellantis locks in lithium supply agreement to secure EV battery materials