Electric Mobility
car&bike Team
Mar 30, 2022, 6:57 PM
The latest funding comes on the heels of a $160 million round in August that boosted the companys valuation to $890 million, according to investor website PitchBook.
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car&bike Team | Mar 30, 2022Startup Italvolt Signs Deal With Engie's Equans In Italy Battery Facility PlanItalvolt has pledged to invest 3.4 billion euros ($3.9 billion) to build a battery production facility in Scarmagno, near Turin, to meet growing demand for lithium-ion batteries from Europe's automotive industry.1 min read
car&bike Team | Mar 30, 2022Australia Bumps Up Investment In EV Chargers, Shuns Sales TargetsThe additional investment, which adds to an existing A$72 million commitment and will be spent by the end of June 2025, will also aid purchases of electric cars and buses for government and business fleets.1 min read
car&bike Team | Mar 30, 2022China Evergrande EV Unit To Raise $347 Million From Share Sale To Fund ProductionChina Evergrande New Energy Vehicle Group Ltd will issue about 900 million shares at HK$3 apiece through a top-up placement to controlling shareholder Evergrande Health Industry Holdings Ltd, after striking a similar deal with it last week.1 min read
car&bike Team | Mar 30, 2022South Korea's SK On To Invest $2.5 Billion To Build New EV Battery Factory In ChinaThe company had said in September it planned to build a new battery factory in China with an initial investment of 1.2 trillion won ($1.01 billion).1 min read
Reuters | Mar 30, 2022Daimler To Produce First In-House Electric Motor At Berlin PlantThe motor, known as an axial-flux motor and designed by the British startup YASA which Daimler acquired earlier this year, weighs a fraction of its diesel equivalent and can boost the range of an EV by up to 7%.1 min read
Reuters | Mar 30, 2022Piech Automotive Says Incari Software In Its First EV Model Quick To UpdatePiech Automotive is due to release its 200,000 euro Piech GT model in 2024, with a production target of 10,000 cars a year.1 min read
car&bike Team | Mar 30, 2022UK To Require Charge Points For Electric Vehicles In New BuildingsThe regulations would lead to up to 145,000 extra charge points being installed in England each year in the run-up to 2030, when the sale of new petrol and diesel cars will end in Britain.1 min read
Reuters | Mar 30, 2022New German Government Aims For At Least 15 Million EVs By 2030Germany aims to have at least 15 million electric cars on the roads by 2030 in its shift towards climate neutrality, up from a previous goal of 14 million.1 min read
