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Mercedes-Benz acquires electric motor technology company YASA

Green Car Congress

Under the terms of the acquisition, YASA will operate as a wholly owned subsidiary of Mercedes-Benz, developing ultra high-performance e-motors, while retaining its own brand, team, facilities and continuing to supply existing automotive supercar customers. YASA’s axial-flux electric motor.

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Hyundai Motor targeting 7% of global EV market by 2030; 1.87M BEVs

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In Seoul, Hyundai Motor Company unveiled a strategic roadmap to accelerate its electrification ambition as it pursues sustainable progress for the company. The company also unveiled targets for sales and financial performance to be achieved by 2030. The company earmarked KRW 95.5

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Electric motor company YASA enters innovation agreement with global automotive manufacturer for hybrids and EVs

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YASA, a leading manufacturer of axial-flux electric motors and controllers, signed a long-term joint innovation agreement with a global automotive OEM. The partnership will focus on developing custom electric motor and controller solutions for the OEM’s high-performance hybrid and pure electric vehicles. Earlier post.).

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TVS Motor Company launches operations in Italy | Autocar Professional

Baua Electric

Chennai-headquartered TVS Motor Company has launched operations in Italy. The company will introduce a selection of its thermic and electric scooters and motorcycles. TVS Motor Company is expanding its operations in Italy via its branch office, TVS Motor Italia, headed by Giovanni Notarbartolo di Furnari.

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Renewable fuels company Raven SR announces $20M strategic investment from Chevron, ITOCHU, Hyzon Motors and Ascent Hydrogen Fund

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a waste-to-fuels company, closed a $20-million strategic investment from Chevron USA, ITOCHU, Hyzon Motors and Ascent Hydrogen Fund. —Alice Flesher, general manager of Strategy and Planning for Chevron’s global Downstream & Chemicals businesses. Raven SR Inc., Earlier post.).

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BMW i Ventures invests in Software Motor Company; high rotor pole switched reluctance motor system

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BMW i Ventures has invested in Software Motor Company (SMC), a Silicon Valley-based company developing reliable, efficient and intelligent motor systems. SMC’s electric motor system is based on switched reluctance technology, managed by advanced cloud software. —Greg Smithies of BMW i Ventures.

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HET motor company Linear Labs raises $6M in new funding

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The patented HET motor technology from Linear Labs produces up to twice the torque of competitor motors —or the same torque in half the size—and can also be made using rare-earth or ferrite magnets. The 200 series motors are also 1.7 The 200 series motors are also 1.7

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