Industry

Volvo venture an infusion for the future

Volvo Cars’ venture capital arm has invested in battery technology startup StoreDot, betting the company’s fast charging tech could be a game-changer as the automaker rolls out new electric vehicles. “We believe StoreDot has very interesting battery technology,” said Alexander Petrofski, head of the Volvo Cars Tech Fund. “They specialize in anode material, improving charging

Volvo venture an infusion for the future Read More »

DOE wants to know: How can EVs give back to ‘the grid’

Electric vehicles might provide more than everyday transportation. The U.S. Department of Energy believes the ever-growing number of EVs on the road can serve as energy-storage devices that supply electricity — and resilience — throughout the country’s electrical grid. The department took steps to hasten that possibility last week by establishing a first-of-its-kind agreement between

DOE wants to know: How can EVs give back to ‘the grid’ Read More »

Musk expects volume production of new Tesla ‘robotaxi’ by 2024 after record Q1 earnings

Tesla Inc. expects to reach volume production of a new ‘robotaxi’ vehicle without a steering wheel or pedals by 2024, CEO Elon Musk said on the automaker’s first-quarter earnings call Wednesday. The goal of the new model, which would use Tesla’s still-incomplete “full self-driving” software, is to reach the lowest cost per mile for a

Musk expects volume production of new Tesla ‘robotaxi’ by 2024 after record Q1 earnings Read More »

Shanghai’s manufacturing plant restarts fall short due to lack of truckers, parts

Even those companies in China whose factories are operating under so-called closed-loop systems might be forced to stop work due to parts shortages or logistical challenges that make moving people and goods around the country near impossible, a European chamber of commerce has warned. “A few companies are running in closed-loop production now. Those companies

Shanghai’s manufacturing plant restarts fall short due to lack of truckers, parts Read More »

Tesla’s conflicts with U.S. regulators coming to a head as safety crackdown looms

Derrick Monet and his wife, Jenna, were driving on an Indiana interstate in 2019 when their Tesla Model 3 sedan operating on Autopilot crashed into a parked fire truck. Derrick, then 25, sustained spine, neck, shoulder, rib and leg fractures. Jenna, 23, died at the hospital. The incident was one of a dozen in the

Tesla’s conflicts with U.S. regulators coming to a head as safety crackdown looms Read More »

‘E-range’ found to top 1 billion miles in ’21

The cumulative electric-only range on vehicles sold worldwide in 2021 was more than 1 billion miles for the first time, according to consulting firm AlixPartners. As sales climbed and efficiency improved, e-range — as AlixPartners calls the electric-only range metric — stood at 1.2 billion miles in 2021. Approximately two-thirds was added in the second

‘E-range’ found to top 1 billion miles in ’21 Read More »

Solar, wind power projects in the works for Mercedes’ factories

Automakers are driving toward eliminating emissions in their vehicle fleets, production plants and supplier networks. Mercedes-Benz said last week that it will more than halve its carbon footprint per passenger vehicle by the next decade compared with 2020 levels. The luxury marque will source 70 percent of its energy needs for production through renewable energy

Solar, wind power projects in the works for Mercedes’ factories Read More »