Toyota Investing in EV Charging Network Ionna
Toyota says it’s investing in Ionna, teaming with seven other automakers to support the company’s implementation of its charging network for battery electric vehicles across North America. The investment announced Wednesday gives Toyota and Lexus customers access to the public…
Supporting EV Charging Infrastructure in Eastern Europe and the Baltic States
The European Bank for Reconstruction and Development (EBRD) is making an equity investment of €15 million in Eldrive Holding GmbH (Eldrive), a leading regional charging point operator in Bulgaria, Lithuania and Romania. By 2028, it will install and operate 7,400…
California to Get Nearly $64M for EV Charging
California is poised to receive nearly $64 million in federal funding for electric vehicle charging and infrastructure. U.S. Rep. Zoe Lofgren (D-CA) announced on Tuesday that the U.S. Department of Transportation’s Federal Highway Administration (FHA) will distribute $63,702,988 to the…
Carmaker Alliance Announces Huge Investment in EVS
Car giants Renault, Nissan and Mitsubishi Motors are to invest billions of pounds in electric vehicles over the next few years, they announced on Thursday. The alliance of three carmakers said they will jointly launch 35 new electric vehicles over…
Honda Announces $15B Investment in Four Ontario EV Plants
Tokyo-based Honda Motor Co. will invest C$15 billion in four new electric vehicle assembly and battery manufacturing plants in Ontario, Prime Minister Justin Trudeau and Premier Doug Ford announced Thursday. Trudeau called the deal the “largest investment in Canada’s history,”…
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…
Wallbox Selected for $5.2 Million 48C Tax Credit by the U.S. DOE and IRS For Investments in Arlington Factory
Wallbox (NYSE: WBX), a leading provider of electric vehicle (EV) charging solutions, today announced that it has been allocated a $5.2 million tax credit under the highly competitive 48C Qualifying Advanced Energy Tax Credit Program by the U.S. Department of…
Carrar Raises $5.3 Million to Deliver Commercial Battery Modules for EVs that Triple Battery Lifetime
Carrar, a provider of battery modules and thermal management systems for electric vehicles (EVs), today announced the closing of its $5.3 million Series A funding round to deliver commercial automotive-grade battery modules for electric vehicles with novel internal thermal management…
EV Realty, GreenPoint Invest $200M in Truck Charging
EV Realty, a commercial vehicle charging provider, is forming a $200 million joint venture with private equity firm GreenPoint Partners to develop charging hubs for medium- and heavy-duty vehicles. They join a growing number of firms pouring cash into topping…
CMA CGM Joins Renault and Volvo in Flexis Electric Truck JV
CMA CGM has joined the Flexis electric light van manufacturing joint-venture, formed between carmakers Renault and Volvo last month. The French container shipping line announced this morning it had invested €120m in Flexis SAS to acquire a 10% stake in…
