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Investment

New £50m Powertrain Manufacturing Plant for Sunderland after Nissan, JATCO and the Government Agree on Investment Deal

Sunderland will be home to a new powertrain manufacturing plant after Nissan, the Japan Automatic Transmission Company (JATCO) and the government agreed on a £50m investment deal. The new site will help create 183 new high-value jobs in the region…

Trio of NEVI-Funded EV Charging Stations Open in Western Wisconsin

The Joint Office of Energy and Transportation (Joint Office) is thrilled to announce the opening of the first three electric vehicle (EV) charging stations Wisconsin in leveraging funding from the National Electric Vehicle Infrastructure (NEVI) Formula Program paired with private…

California Approves $1.4 Billion Investment in Hydrogen Refueling Stations and EV Charging Infrastructure

The California Energy Commission (CEC) today approved a $1.4 billion investment plan that accelerates progress on the state’s electric vehicle (EV) charging and hydrogen refueling goals. These investments will help deploy infrastructure for light, medium, and heavy-duty zero-emission vehicles (ZEV)…

Tennessee University to Receive DOE Funding for EV Battery Recycling Project

The DOE’s recent round of grants, funded by the Infrastructure Investment and Jobs Act of 2021, is part of the Biden-Harris Administration’s overarching goal for EVs to make up half of new light-duty vehicle sales by 2030. It’s unclear how…

Stellantis Announces Proposed Plan to Invest £50 million to Strengthen the Ellesmere Port Plant as its UK Commercial Vehicle Manufacturing Hub

Stellantis today announced the start of a consultation with its employees and Trade Union partners on a proposal to consolidate its UK manufacturing of light commercial vehicles (LCV) to create an all-electric, sustainable vehicle hub at its Ellesmere Port site…

Stellantis Invests $29.5M to Enhance EV Aerodynamics

Stellantis has unveiled its Moving Ground Plane (MGP) technology – a $29.5 million investment – at the company’s research and technical center in Auburn Hills, Michigan. The upgraded wind tunnel will be able to measure and reduce airflow resistance from…

Hanon Systems Invests $155 million to Build Ontario’s First-of-its-kind EV Parts Facility

Invest Ontario is supporting a $155 million investment by Hanon Systems, a global supplier of automotive thermal and energy management solutions, for the construction of a new facility in Woodbridge, Ontario to manufacture cutting-edge e-compressors for electric vehicles (EVs). The…

Ghent-based MobilityPlus secures €40 million to drive EV charging growth in Belgium and France

MobilityPlus, a Ghent-based provider of EV charging solutions, has raised €40 million in a growth financing round. The funding, led by Suma Capital through its Climate Impact Fund III with additional backing from existing investor Concentra, will fuel MobilityPlus’s expansion…

Feds Announce $355M for 4 Electric Vehicle Battery Projects in Michigan

The U.S. Department of Energy (DOE) announced Friday it’s granting $355 million in federal funding to a series of manufacturing projects in Michigan, all aimed at bolstering production for electric vehicle (EV) batteries and battery components.In a press release, the…

Europe Invests Billions in Battery Recycling to Fuel EV Revolution

Automakers, big and small, are investing heavily in the development of a wide range of electric vehicle (EV) models, as consumer interest in cleaner cars increases. Europe is expected to lead the world in EV uptake, as several countries introduce…