EV Maker Zeekr Set to Raise US$368mil From IPO
Zeekr Intelligent Technology Holding Ltd, the high-end electric car brand under Zhejiang Geely Holding Group Co, is seeking to raise as much as US$367.5mil in a US initial public offering (IPO). The EV maker said in a filing last Friday…
FuelCell Energy and Toyota Motor North America Celebrate Launch of World’s First ‘Tri-gen’ Production System at the Port of Long Beach
FuelCell Energy, Inc. (Nasdaq: FCEL) and Toyota Motor North America, Inc. (Toyota) are celebrating the grand opening of the first-of-its-kind “Tri-gen” system at the Port of Long Beach, California, today. Tri-gen uses biogas to produce renewable electricity, renewable hydrogen, and…
US Loosens Some EV Battery Rules, Potentially Making More EVs Eligible for Tax Credits
The U.S. government on Friday loosened some rules governing electric vehicle tax credits, potentially making more EVs eligible for credits of up to $7,500 but leading critics to accuse the Biden administration of helping China. The Treasury Department announced final…
Trucking Fleet Manager Testifies to Congress on Challenges of Vehicle Electrification
Today, Taki Darakos, PITT OHIO’s fleet manager who oversees the acquisition and maintenance of 1,550 company-owned tractors and box trucks, testified before Congress on the technological, operational, and financial challenges fleets face as federal and state regulations mandate the adoption…
ChargeTronix Announces Appointment of VP of Operations and EV Fleet Sales Manager to Scale EV Infrastructure Business
ChargeTronix, a leading global provider of reliable, powerful and intelligent electric vehicle (EV) charging infrastructure, today announced the appointment of Stephen Israel as Vice President of Operations and Christopher McNamara as EV Fleet Sales Manager. Both roles begin immediately.This press…
LG Energy Delivers First Battery Cells From Tennessee Plant
SPRING HILL, TN—LG Energy Solution has delivered the first battery cells produced at the Ultium Cells’ assembly plant here. The cells will be used in General Motors’ third-generation electric vehicles, including the Cadillac Lyriq. The highly automated plant is the…
Xcel’s Plan for New EV Chargers, Rebates Cut by 40% by Colorado Regulators
Xcel Energy’s ambitious and expensive plan to develop the infrastructure to serve electric vehicles was cut by 40% to $264 million by state utility regulators who said the proposal failed to demonstrate that it “minimized overall costs and maximized overall…
Ascend Elements Launches Logistics Simulation at America’s First EV Battery Materials (pCAM) Manufacturing Facility
EV battery materials manufacturer Ascend Elements and the professional services firm Ernst & Young LLP (EY US) are collaborating on the road to net zero carbon emissions. Ascend Elements recently selected EY US to develop a complex logistics simulation model…
Honda to Build $11 billion EV hub in Canada
Honda Motor and yet-to-be-named joint venture partners plan to invest $11 billion in Ontario, Canada, to create a “comprehensive EV value chain,” the Japanese automaker announced Thursday. The company said the new North American electric vehicle epicenter will include new…
Tritium, Major Supplier of EV Fast-charging Equipment, is Insolvent
Tritium, an Australian high-speed EV-charging equipment manufacturer with a large-scale factory in Tennessee, notified regulators on Thursday that it was insolvent, casting uncertainty over whether it can continue to fulfill remaining orders for chargers or service those that its customers…
