PGGM Infrastructure Fund Joins EV Charging Firm Electra as Largest Shareholder
An open-ended fund managed by the infrastructure arm of Dutch pension fund asset manager PGGM has become the largest shareholder in Electra, an operator of electric vehicle (EV) charging infrastructure in Europe. The PGGM Infrastructure Fund, which targets investments in OECD countries,…
Mazda Adopts Tesla’s North American Charging Standard (NACS)
Japanese carmaker Mazda has announced that it will be adopting Tesla’s North American Charging Standard for its upcoming battery electric vehicles. Mazda’s EVs that would be equipped with Tesla’s NACS standard are expected to be launched in North America from…
Mississippi Lawmakers to Weigh Incentives for an EV Battery Plant That Could Employ 2,000
Mississippi Gov. Tate Reeves is asking legislators for $350 million in incentives for a proposed factory that would manufacture electric vehicles batteries and employ about 2,000 people in Marshall County. The Republican governor on Tuesday declined to name the company…
BYD is Now Using Purpose-built EV Cargo Ships to Send its Cars to Europe
BYD Co.’s first chartered cargo ship has set sail as the automaker ramps up exports of electric vehicles. The BYD Explorer No. 1, capable of carrying 7,000 cars, is bound for Europe after making a stop in the Chinese port…
Tesla Gets a $94 Billion Reality Check as EV Winter Sets in
Tesla Inc. had a blockbuster 2023, as its shares more than doubled in 12 months. But 2024 is starting on a different note, with Elon Musk’s electric vehicle maker off to its worst start to any year — ever. The…
LG Opens Its First US EV Charging Factory in Texas
LG Electronics has opened its first electric vehicle (EV) charger facility outside of South Korea — in Fort Worth, Texas — to capture a share of North America’s competitive EV charging market. Its new EV charging station factory, spanning 59,202…
Stellantis Invests in More Affordable EV Battery Technology
Stellantis, the parent company of Ram, Jeep, Dodge and Chrysler is trying to make EV batteries, like the one to power the 2025 Ram 1500 REV, more affordable and sustainable in the long run. Stellantis is investing in a French…
Panasonic to Make Upgraded Electric Car Battery as Early as 2024
Panasonic plans to roll out the newest iteration of its electric vehicle battery cells with improved capacity as early as this calendar year, the firms chief technology officer for EV batteries has said. Production of a revamped version of the…
Maryland Receives $15M Grant to Install 58 Electric Vehicle Charging Stations Statewide
The Maryland Clean Energy Center (MCEC) and partners were joined by U.S. Department of Transportation (USDOT), Federal Highway Administration’s (FHWA), to celebrate the announcement of a $15 million grant to the Maryland Clean Energy Center to fund 58 electric vehicle…
FINN Raises 100 Million Euro in Series C to Accelerate the Growth of its Electric Fleet
The car subscription provider FINN has announced the closing of its Series C equity funding round of 100 million euros. The round was led by Planet First Partners, the European growth equity sustainable investment platform. In addition, existing investors reaffirmed…
