Electric Mobility News

ABB which makes fast electric chargers for cars, buses and trucks wants to spend $750 million on expanding its operations, the company said at its capital markets day on Thursday.

Shyft, which is based outside Detroit, will begin delivering the custom-built electric vans in the second half of 2022 to customers for testing. The van will have a driving range of up to 175 miles (281 km), with the ability to enhance that with expanded battery options.

In a presentation to investors, Renault said a "pure electric entity" could be focused on France and be open to partnerships, while a separate one for the combustion engine and hybrid cars could be focused outside France and do the same.

Demand for nickel is expected to jump over the next decade as EVs go mainstream. Nickel bolsters energy storage in a battery's cathode, which in turn extends an EV's range. The auto industry is scrambling to boost EV range with large investments in research into more energy-dense batteries.

Blink said it would collaborate with facility solutions provider ABM Industries to supply its IQ 200 Level 2 chargers to dealerships across North America.

Mahindra Electric closed the financial year with a market share of 73.4 per cent, being the highest selling electric 3-wheeler manufacturer in the country.

Chief Executive Officer Elon Musk promises an updated product roadmap on Wednesday, with eyes on the time frames for the launch of Cybertruck and a hoped-for $25,000 electric car.

The Series B funding round brings the startup's total fundraising to $258 million and includes new investments from venture capital firms D1 Capital Partners, Moore Strategic Ventures and Linse Capital, plus fresh capital from investors including Microsoft.