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Volkswagen Group, Siemens invests $450M in Electrify America

Green Car Congress

The Volkswagen Group and Siemens are investing $450 million in Electrify America, with a post-money valuation of $2.45 Through its financing arm Siemens Financial Services (SFS), Siemens becomes a minority shareholder in Electrify America with a low triple-digit million USD investment and will hold a seat on the board.

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Ram EV lineup to reinvigorate Stellantis’ commercial lineup in North America 

Teslarati

Stellantis recently revealed its new lineup of electric and new energy commercial vehicles, including the Ram ProMaster EV van and the RAM 1500 REV pickup truck. The Pro One Initiative revamps the legacy automaker’s light commercial vehicle business. The Ram ProMaster EV will be an all-electric van similar to the Fiat E-Ducato.

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GoFor and ODIN partner to launch last-mile commercial EV delivery platform in N America

Green Car Congress

The partnership gives GoFor a turnkey solution for electric deliveries and secures preferred access to the rapidly filling production capacity for ODIN’s electric light commercial vehicles (eLCVs), which have been in scale production in Germany for more than 7 years. ODIN acquired StreetScooter production rights from DHL in January.

America 195
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Volvo Trucks had 42% market share of heavy-duty electric trucks in Europe in 2021

Green Car Congress

New statistics show that Volvo Trucks was the market leader for heavy all-electric trucks in Europe 2021 with a market share of 42%. An increasing number of heavy all-electric trucks are now running in commercial traffic. Statistics from the market analysis group IHS Markit show that during 2021 a total of 346 electric trucks (?16

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Electrify America reaches 30MW in installed battery energy storage at 140 DC-fast charging stations across the US; behind-the-meter grid services

Green Car Congress

Electrify America has installed onsite, behind-the-meter battery energy storage systems (BESS) at more than 140 ultra-fast DC charging stations around the country, including more than 90 installations in California.

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PACCAR and Toyota expand hydrogen fuel cell truck collaboration to include commercialization

Green Car Congress

PACCAR and Toyota Motor North America announced an expansion of their joint efforts to develop and to produce zero-emissions, hydrogen fuel cell (FCEV) Kenworth and Peterbilt trucks powered by Toyota’s next-generation hydrogen fuel cell modules. Earlier post.)

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Toshiba, Sojitz and CBMM partner to commercialize next-generation Li-ion batteries with NTO anodes

Green Car Congress

Toshiba Corporation, Sojitz Corporation, and CBMM have entered into a joint development agreement for the commercialization of next generation lithium-ion batteries using niobium titanium oxide (NTO) as the anode material. One of the major requirements for rechargeable battery development is greater energy density and faster charging.

Li-ion 376