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Infinitum secures $30M; air-core motor

Green Car Congress

Infinitum, creator of the air-core motor ( earlier post ), secured $30 million in additional growth capital from Riverstone Holdings Latin America, Alliance Resource Partners, Caterpillar Venture Capital and Cottonwood Technology Fund. Infinitum motor components can be reused, allowing them to stay in service for decades.

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Nikkei: Nidec to build $715M e-axle plant in Mexico

Green Car Congress

The Nikkei reports that Japan-based motor maker Nidec is planning to invest an estimated ¥100 billion (US$715 million) to build an e-axle plant in Mexico. The planned Mexico plant would be responsible for delivering part of the remaining 1.3 The company plans to be capable of building an annual 7 million e-axles by March 2026.

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CATL to license LFP battery tech to General Motors

Teslarati

CATL (Contemporary Amperex Technology Co Ltd) is negotiating with General Motors (GM) to license its LFP (lithium iron phosphate) battery technology. Based on local reports in China, negotiations between CATL and General Motors are just starting. In addition, CATL and GM’s battery factory would be in either the United States or Mexico.

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Tesla Cybertruck makes rounds in Mexico

Teslarati

The Governor of Nuevo León, Samuel García Sepúlveda, took the Tesla Cybertruck out for a spin in Mexico while attending various events. Mexico Mayor orders Tesla Cybertrucks for police use: decision was ‘common sense’ It isn’t the first time the Cybertruck has visited Mexico.

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EV motor maker EuroGroup Laminations to expand production in Mexico – ET Auto

Baua Electric

Electric motor component maker EuroGroup Laminations said on Friday it would invest 50 million euros (USD 55 million) to expand its production capacity in Mexico to serve the automotive industry. EuroGroup Laminations’ automotive total order book amounted to a record 6.4 billion euros in October last year, the company said.

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Kia Motors Mexico announces first hybrid model for local market

Green Car Congress

Kia Motors Mexico celebrated its first anniversary in the country with the announcement of the arrival of Kia Niro Hybrid Utility Vehicle (HUV) to the Mexican market at the end of the current year. With 34,517 units sold during the first 12 months of operation in Mexico, Kia has become the ninth best-selling brand in the country.

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Tesla lands on its Country Manager for Mexico as EV expansion takes focus

Teslarati

Tesla has named Teresa Gutièrrez Smith as the Country Manager for its EV offensive in Mexico as its new Gigafactory in Nuevo Leòn is moving closer to starting construction. Mexico is a region that builds EVs, but very few people in the country drive them, as most units are exported to other countries.

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