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Magna to engineer and produce new off-road EV for INEOS Automotive in 2026

Green Car Congress

Magna has been awarded a contract to manufacture an all-new INEOS Automotive electric off-road vehicle, expected to start production in Graz, Austria in 2026. In addition to manufacturing, Magna will also be responsible for the engineering of the complete vehicle.

Austria 284
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BMW to produce next-gen e-drives at Steyr engine plant; more than 600k units per year

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From 2025 onwards, the next generation of BMW e-drives will be manufactured in its engine plant in Steyr, Austria—with both production and development on site—with eventual annual production capacity of more than 600,000 units. The BMW Group’s largest engine plant: Steyr plant in Upper Austria.

BMW 434
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Volta Trucks raises €230M

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The latest funding round will fund engineering and business operations until after the start of production in late 2022. and 12-tonne full-electric Volta Zero derivatives, as well as prepare the company’s contract manufacturing facility in Steyr, Austria, to start production of customer vehicles by the end of the year.

London 334
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Volta Trucks confirms €230M Series C funding

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Full-electric commercial vehicle manufacturer and services provider Volta Trucks announced the successful and oversubscribed conclusion of its Series C funding round with a €230-million (US$260-million) capital raise. B-FLEXION, formerly Waypoint Capital, also became investors in the Volta Trucks journey. billion.

Austria 199
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bp invests €7.5M in EV charging service provider Service4Charger as part of a €10M Series A

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million from Smart Energy Innovationsfonds, the corporate venture capital arm of Energie 360°, a Swiss energy provider which invests in sustainable companies across the energy sector in Germany, Austria and Switzerland. —Gareth Burns, vice president bp ventures In May 2023, fully electric cars represented 17.3

Charging 150
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DB Schenker expands its electric fleet with 36 new FUSO eCanter vehicles

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Europe’s leading land transport provider is thus strengthening its sustainability strategy and further expanding the use of electric vehicles in its mixed fleets. With these latest vehicles, DB Schenker will become FUSO’s largest electric fleet customer with a total of 41 eCanter vehicles in daily operations.

Fleet 284
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SGL Carbon produces prototypes of fully integrated composite battery enclosures for NIO; battery swapping

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In collaboration with SGL Carbon, Chinese automotive manufacturer NIO has developed prototypes for battery enclosures made of carbon-fiber reinforced plastic (CFRP) for its NIO high performance electric vehicles. Commercial battery enclosures for electric vehicles are mainly made of aluminum and steel.