Mober Secures Major EV Fleet Financing from BDO
Green logistics firm Mober has partnered with BDO Unibank, Inc. (BDO) to finance the acquisition of 60 new electric vehicle (EV) trucks, expanding its fleet to 110 EV units and solidifying its position as a pioneer in sustainable logistics. In…
LOBO EV Technologies Expands Robotic Lawn Mower Business in the U.S. and Australia with Strategic Manufacturing and Distribution Agreement
LOBO EV Technologies Ltd. (Nasdaq: LOBO) (“LOBO” or the “Company”), an innovative e-bicycle, e-moped, e-tricycle, and electric off-highway four-wheeled shuttle designer, developer, manufacturer and seller, signed a strategic manufacturing and distribution agreement with Capital Fortress Assets Ltd. (“Capital Fortress”), a…
ChargePoint and General Motors Collaborate to Install Many Hundreds of Electric Vehicle Fast Charging Ports
ChargePoint (NYSE: CHPT), a leading provider of networked charging solutions for electric vehicles (EVs), and General Motors (GM) today announced plans to further accelerate EV infrastructure growth in the U.S. The companies are joining efforts to install hundreds of ultra-fast…
Recycled EV Battery Metals Could cut Imports up to 25% by 2030
Materials from end-of-life batteries and gigafactory scrap have the potential to build up to 2.4 million EVs locally in 2030, research by Transport & Environment (T&E) has found. But the EU and the UK will not be able to harness…
LION ELECTRIC ANNOUNCES EXPIRY OF COVENANT RELIEF PERIOD AND DEFAULTS UNDER CERTAIN OF ITS SENIOR DEBT INSTRUMENTS
The Lion Electric Company (NYSE: LEV) (TSX: LEV) (“Lion” or the “Company”), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced today the expiry of the previously announced covenant relief period under its senior revolving credit agreement entered…
DOE Closes on $9.6B loan to Ford’s BlueOval SK Battery Joint Venture
The BlueOval SK joint venture with South Korea-based EV battery manufacturer SK On was established to provide Ford a steady supply of domestically-produced batteries for its EVs. Battery production is slated to begin in 2025. The DOE’s Loan Programs Office…
Audi Starts Production of PPE Vehicles in China
Audi FAW NEV Company, a joint venture between Audi and Chinese carmaker FAW, started production on Tuesday of all-electric models in Changchun, capital of Northeast China’s Jilin province. The new production site is the first in the country to exclusively…
Taiwan Installs More Electric Vehicle Battery Chargers than EU Recommendation
Taiwan has a higher density of battery charging stations for electric vehicles than the rate suggested by the European Union, reports said Saturday. With 9,770 chargers, Taiwan now has one public EV battery charging point per 9.1 EVs, compared to…
Türkiye Leads Europe in Electric Vehicle Fast-charging Network
Türkiye currently ranks first in Europe in terms of socket power and the number of fast (DC) sockets per electric vehicle, according to Mustafa Yılmaz, president of the Energy Market Regulatory Authority (EPDK). The number of electric vehicles (EVs) has…
SCU Installs Solar EV Chargers for Maintenance Fleet
Paired Power and Santa Clara University (SCU) have partnered to provide direct clean energy to the University’s maintenance fleet and other electric vehicles. In October, the university announced that Paired Power, a leading American-made solar and microgrid electric vehicle charger…
