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Sweden’s Northvolt commits to invest in EV battery plant in Germany – ET Auto

Baua Electric

Download ETAuto App Get Realtime updates Save your favourite articles Scan to download App The post Sweden’s Northvolt commits to invest in EV battery plant in Germany – ET Auto appeared first on Bauaelectric Auto News.

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Arrival names EY as administrator for two UK units – ET Auto

Baua Electric

Companies such as Lordstown Motors, Proterra and Sweden’s Volta Trucks are among those that declared bankruptcy last year. Download ETAuto App Get Realtime updates Save your favourite articles Scan to download App The post Arrival names EY as administrator for two UK units – ET Auto appeared first on Bauaelectric Auto News.

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Zeekr releases Europe strategy, 2 models to debut in Sweden and Netherlands in Q4

CN EV Post

Zeekr will offer European customers an electric vehicle experience based on a direct-to-customer business model, it announced on the first day of the Shanghai auto show. They will begin arriving in Sweden and the Netherlands in the fourth quarter, with other countries to follow quickly, Zeekr said.

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Sweden’s Northvolt raises USD 5 bn green loan to expand battery factories – ET Auto

Baua Electric

Swedish lithium-ion battery producer Northvolt said on Tuesday it has raised USD 5 billion in the form of the largest green loan raised in Europe as it seeks to expand its battery factory in northern Sweden. The new debt, which includes refinancing of the USD 1.6

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Germany’s Vay launches remote-driven car service in Las Vegas – ET Auto

Baua Electric

” Vay has so far raised about USD 110 million from investors including Sweden’s Kinnevik, Coatue and France’s Eurazeo and has conducted tests on European and U.S. CEO Thomas von der Ohe told Reuters that during the first quarter Vay’s vehicle fleet should number in the “low double digits.”

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EV maker Arrival’s shares slump on Nasdaq delisting notice – ET Auto

Baua Electric

Many EV firms, including Lordstown Motors , Proterra and Sweden’s Volta Trucks , have gone bankrupt as a tough economy weighs on demand and hinders access to capital. Arrival was reportedly in talks with accounting firm EY about acting as an administrator if the company could not secure funds, Sky News reported on earlier this month.

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Tesla’s Musk predicts AI will be smarter than the smartest human next year – ET Auto

Baua Electric

Musk also addressed a union strike in Sweden against Tesla, saying “I think the storm has passed on that front.” Speaking about electric-vehicles, Musk reiterated Chinese carmakers are “the most competitive in the world” and pose “the most toughest competitive challenges” to Tesla.

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