ABB launches world’s fastest electric car charger
ZURICH, Sept 30 (Reuters) – ABB (ABBN.S) has launched the world’s fastest electric car charger, the Swiss engineering company said on Thursday, as it presses ahead with plans to float the business which could be valued at around $3 billion. read more The company’s new Terra 360 modular charger can charge up to four vehicles at once, and […]
China’s electric carmakers make their move on Europe
MUNICH/BEIJING, Sept 30 (Reuters) – China’s electric carmakers are darting into Europe, hoping to catch traditional auto giants cold and seize a slice of a market supercharged by the continent’s drive towards zero emissions. Nio Inc (NIO.N), among a small group of challengers, launches its ES8 electric SUV in Oslo on Thursday – the first foray […]
Mexico may consider southern states for semiconductor production
As Mexico aims to boost its manufacturing of semiconductors, it may build production facilities in its southern states, where much-needed water is available, according to Economy Minister Tatiana Clouthier.
In Argentina’s north, a ‘white gold’ rush for EV metal lithium gathers pace
In Argentina’s remote northern Salta province, the silence of the desert landscape is broken only by the hum of machinery pumping salt-water brine to extract lithium, a sign of accelerating efforts to ride the global electric vehicle boom.
Biden infrastructure plan takes on EV charging’s inequality problem
The Biden administration has an ambitious $7.5 billion plan to expand electric vehicle charging to underserved areas, but it must first overcome a host of obstacles that have discouraged private investment in more equitable charging networks.
Elon Musk visits Germany, meets with state leaders over ‘gigafactory’
Tesla (TSLA.O) CEO Elon Musk on Wednesday evening met with the leadership of Brandenburg, the German state where the group’s 5.8 billion euro ($6.9 billion) European gigafactory is being built, its Economy Minister Joerg Steinbach said on Twitter.
U.S. House Democrats seek at least $160 billion in new EV funding
A group of 29 U.S. House Democrats want congressional leaders to include at least $160 billion in additional funding for electric vehicles as part of a $3.5 trillion spending measure, according to a letter seen by Reuters.
Rivian considers $5 billion EV plant in Texas, document shows
Amazon.com Inc (AMZN.O) backed electric vehicle (EV) company Rivian is in discussions to invest at least $5 billion in a new vehicle plant near Fort Worth, Texas, a city document showed.
U.S. House bill would give tax credit for rare earth magnets
A Democrat in the U.S. House of Representatives introduced legislation on Tuesday extending tax credits to companies that domestically produce rare earth magnets, a sector currently dominated by China.
28 U.S. House Democrats want $85 billion in EV charging infrastructure funding
A group of 28 U.S. House Democrats on Monday asked congressional leaders to back $85 billion in funding for electric vehicle charging infrastructure, a big jump over funding proposed in a bill before Congress.
