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Posts Tagged ‘electric vehicle’

Volkswagen launches WeShare all-electric car sharing service

Making good on plans revealed last year to debut an EV-exclusive car sharing service, Volkswagen is actually launching its fleet for customers – debuting WeShare, a new shared service similar to Car2Go or GM’s Maven, but featuring only all-electric vehicles. Initially, WeShare will be available only in Berlin, where it’s launching today with 1,500 Volkswagen e-Golf ...

BMW says its running ahead of its electrification goals

At its NEXTGen event in Munich, BMW today announced that it is running ahead of schedule in its efforts to offer at least 25 electrified vehicles. Previously, the German luxury car manufacturer was shooting for 2025, but it now says that it will offer these 25 vehicles by 2023. As BMW’s Klaus Fröhlich stressed at ...

NIO shifts electric vehicle plans as losses pile up

Chinese automotive startup Nio is tweaking its plans for future electric vehicles, a move prompted by sluggish sales of its ES8 model. Nio, which reported in its unaudited financial results Tuesday a loss of $390.9 million in the first quarter, is taking a number of measures in response to a slowdown in sales. Those changes ...

Volvo inks multi-billion dollar battery deals with LG Chem and CATL for EVs

Volvo Car Group has inked a massive multi-billion dollar supply deal with the Chinese battery manufacturer, CATL, and Korea’s LG Chem to supply its planned fleet of electric vehicles. The lithium ion batteries from both suppliers will power the development of Volvo Cars’ electrification strategy for its own brand and the company’s Polestar joint venture ...

Canoo, the electric vehicle startup formed from Faraday Future’s ashes, seeks $200 million

Less than a month after rebranding as Canoo, the startup electric vehicle company formerly known as Evelozcity is on the hunt for $200 million in new capital. The startup, which is backed by a clutch of private individuals and family offices hailing from China, Germany and Taiwan, is hoping to line up the new capital ...

Sila Nano’s battery tech is now worth over $1 billion with Daimler partnership and $150 million investment

Sila Nanotechnologies and its battery materials manufacturing technology are now worth over $1 billion. The company, which announced a $170 million funding led by Daimler and a partnership with the famed German automaker, started building out its first production lines for its battery materials last year. That first line is capable of producing the material ...

Linear Labs’ next-gen electric motor attracts $4.5 million in funding

Linear Labs, a startup developing an electric motor for cars, scooters, robots, wind turbines and even HVAC systems, has raised $4.5 million in a seed round led by Science Inc. and Kindred Ventures.  Investors Chris and Crystal Sacca, Ryan Graves of Saltwater Ventures, Dynamic Signal CEO Russ Fradin, Masergy executive chairman and former-CEO Chris MacFarland, ...

Ford will invest $850 million to add more production capacity for EVs

Ford plans to invest more than $850 million to add more production capacity at a second U.S. factory for its next-generation battery-electric vehicle program. The investment, which will be made through 2023, will focus on expanding Ford’s Flat Rock Assembly Plant in southeast Michigan. The plant investment also includes funding to build the next-generation Mustang ...

EVs Are Rapidly Evolving: Models, Battery Packs, Cells And Chemistry

03.06.2019 · Posted in Cars Articles, Other Vehicles Articles

Sales would not increase so fast without rapidly evolving products According to Adamas Intelligence, sales of electrified passenger cars (hybrids, plug-in hybrids and all-electric) increased in 2018 by 28.6% to 4.28 million, at 5.2% of total global volume. The new report notes that the market of electrified cars not only expands fast, but at the ...

India’s Ola spins out a dedicated EV business — and it just raised $56M from investors

Ola, Uber’s key rival in India, is doubling down on electric vehicles after it span out a dedicated business, which has pulled in $56 million in early funding. The unit is named Ola Electric Mobility and it is described as being an independent business that’s backed by Ola. TechCrunch understands Ola provided founding capital, and ...