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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.).

Motoring 324
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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

Hyundai 370
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Mercedes-Benz acquires electric motor technology company YASA

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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.

Mercedes 459
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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.

Motors 259
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HET motor company Linear Labs raises $6M in new funding

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Linear Labs has raised an additional $6 million in funding to further develop manufacturing capabilities and grow its employee base. million partnership with the City of Fort Worth, Texas, was announced, which includes an incentive package involving Linear Labs’ plans to develop an advanced manufacturing facility.

Motoring 286
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Cadillac CELESTIQ to be built at GM’s Global Technical Center

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General Motors will invest more than $81 million into the company’s Global Technical Center in Warren, Michigan, to prepare the campus to build the Cadillac CELESTIQ ( earlier post ). —Mark Reuss, president, General Motors. Cadillac CELESTIQ show car. Cadillac CELESTIQ show car.

Cadillac 435
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Power Global, Rap Eco Motors to launch mass electric auto-rickshaw line powered by swappable battery technology

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Following an initial product launch in April 2022, the companies will partner to manufacture 50,000 electric auto-rickshaws over the next five years, advancing both companies’ roadmaps for “made in India” manufacturing.

Power 243