Solarwatt and BMW cooperate on home batteries

Solarwatt will start selling storage batteries from this autumn in cooperation with carmaker BMW amid an ongoing convergence of renewable power and electric mobility, the German photovolatic firm announced on Wednesday. Under the deal, BMW will supply battery components also used in its electric vehicles for Dresden-based Solarwatt which will develop and assemble photovoltaic (PV)…

Biden’s electric vehicle plan includes battery recycling push

President Joe Biden’s strategy to make the United States a powerhouse in electric vehicles will include boosting domestic recycling of batteries to reuse lithium and other metals, according to government officials. As Biden makes fighting climate change and competing with China centerpieces of his agenda, the administration is set to wrap up a 100-day review…

Stellantis sees heavier impact from chip shortage in Q2 vs Q1

Stellantis, the world’s fourth largest carmaker, said on Wednesday it expects the global shortage of semiconductors to affect production this quarter more heavily than in the first three months of the year. The group, which was formed at the beginning of this year through the merger of Italian American Fiat Chrysler and France’s PSA, said…

Once ‘green’ plug-in hybrid cars suddenly look like dinosaurs in Europe

Remember when plug-in hybrid cars were the go-to technology for the climate-conscious driver? Turns out, they’re not good for the environment, according to some experts, and they could be phased out by carmakers in the face of tougher European rules. EU policy plans for plug-in hybrid vehicles (PHEVs), which contain an electric battery and a…

S.Korean shares rise on gains in battery makers, strong U.S. recovery hopes

South Korean shares rose on Monday, led by battery makers and on prospects of stronger U.S. growth, but gains were capped on caution over upcoming U.S. earnings and inflation data. Both the won and the benchmark bond yield fell. The benchmark KOSPI closed up 3.71 points, or 0.12%, at 3,135.59. Among heavyweights, chip giants Samsung…

Capital Calls – Autonomous trucks hit the IPO road

TOO SIMPLE. Lately, every startup with an eye on the automotive future seems to have sold itself to a blank-check company. TuSimple, an autonomous trucking startup, is on a different road: It filed on Wednesday to raise around $1 billion in an old-school initial public offering. The indicative price range would value the company, with almost…

Toyota unveils new models in advanced driver-assist technology push

Toyota Motor Corp unveiled on Thursday new models of Lexus and Mirai in Japan, equipped with advanced driver assistance, as competition heats up to develop more self-driving and connected cars. Toyota’s latest launch comes as automakers, electric car startups and tech giants invest heavily in so-called active safety features. The Japanese carmaker’s new driving assist…

China EV battery maker Octillion looks to cash in on carbon neutral drive

China’s push towards carbon neutrality as well as its growing manufacturing might will allow electric vehicles (EV) to compete equally with standard cars by 2030 and drive the sector to new heights, the head of a leading Chinese EV battery maker said. “Obviously, battery cost is the main driver,” said Peng Zhou, chief executive of…