German Solar Electric Vehicle Disruptor Sono Group IPO Debut

Germany-based Sono Group NV $SEV raised $150 million at a $1.1 billion market cap. The company is developing what it believes is disruptive solar technology, as well as a solar and battery powered vehicle. Sono Motors is developing the solar electric vehicle (SEV) for the masses, the Sion. It has reached more than 16,000 reservations with advance payments for the Sion, the solar electric vehicle (SEV) for the masses, German disruptive solar technology company Sono Group (SEV) Sono Group N.V. (parent company to … Continue reading “German Solar Electric Vehicle Disruptor Sono Group IPO Debut”

Panasonic New Prototype Battery For Tesla With Fives Times More Energy Storage Capacity

Japan’s Panasonic unveiled a new prototype battery specifically for U.S. electric-car maker Tesla. The advanced battery has five times current capacity. The battery will cost 50% less to produce and help boost battery production at Panasonic “100-fold,” by 2030. Panasonic shares rose nearly 6% on the news. Panasonic Prototype Battery For Tesla The company’s battery chiefKazuo Tadanobu unveiled the new battery for the first time at a media roundtable, he also said Panasonic had no plans to make cheaper Lithium … Continue reading “Panasonic New Prototype Battery For Tesla With Fives Times More Energy Storage Capacity”

Russian Arms Manufacturer Almaz-Antey New Hydrogen Fuel Cell Cars

The Russian government-backed arms manufacturer Almaz-Antey has announced that it is working on a new hydrogen fuel cell passenger car,known as E-NEVA. The hybrid car will be for civilian use. Hydrogen provides more mileage and lower CO2 emissions than electric cars

European Ride Hailing Service FREE NOW Makes Electric Vehicles Default Option For Riders

German based ride-hailing service FREE NOW  announced it will start offering electric vehicles as its default first option for customers in the UK instead of gasoline or diesel vehicles. FREE NOW aims for 100% of its trips to be zero-emission by 2030 across all key European cities

Ford Motor Plan to Build $11.4 Billion EV Facilities in Tennessee and Kentucky

Ford Motor announced plans for a massive $11.4 bln investment in electric vehicle production. The deal is part of Ford’s over $30 billion investment plan in EVs through 2025, the campuses will help $F achieve its goal of EV production reaching 40-50% of the total by 2030

GM Backed Wejo partners with Microsoft, Palantir, Sompo For Connected Vehicles

GM backed startup Wejo announced partnerships with Microsoft, Palantir and Sompo Holdings to improve its ability to collect, store and analyze data from millions of connected vehicles around the world. Wejo is going public by merging with SPAC Virtuoso Acquisition $VOSO later this year.

Supply Chain Crunch Battery Demand Squeezing Cobalt Prices Higher

China stockpiling of Cobalt has seen it’s prices soar, rising by about 65 per cent since January. Cobalt is used in batteries for electric vehicles, as well as smartphones, tablets and laptops. China is the world’s biggest importer of cobalt, buying about 95,000 tonnes of it every year.

GM’s Cadillac Goes All Electric With Lyriq It’s First All EV and Hummer First Electric Super Truck

GM unveiled the production version of the Cadillac Lyriq, its first all-electric vehicle as the automaker confirmed that every new Cadillac vehicle will be all-electric starting now. Cadillac brand should be all-electric a little bit ahead of the rest of General Motors target of electric only by 2035.

Electric Vehicle Maker Xos Trucks in Talks With NextGen Acquisition Corp to Go Public

U.S. electric vehicle maker Xos Trucks Inc is in talks to go public via a SPAC Reuters reported late Monday, citing sources. Xos is working a deal to merge with blank-check acquisition company NextGen Acquisition Corp $NGAC which could value the EV start up near $2 billion. Its customers include package delivery United Parcel Service Inc and cash-handling firm Loomis.