NewsRoom Articles - Page 70 of 119

FridayMar 18, 2022 3:35 pm

Panasonic Searches for Possible Sites to Set Up US Battery-Making Factory

Panasonic Corp. is scouting for places to set up its U.S. factory, which will supply automaker Tesla with batteries. The company is looking for locations in Oklahoma and Kansas to manufacture 4,680 cells. This initiative could potentially lead to supplying other car manufacturers with the same batteries. Panasonic has been a longtime Tesla supplier, and the project is expected to start in 2024. This is a significant step for the company, which is facing high demand for its batteries. It will also help Panasonic catch up with its competition, such as South Korea’s LG Energy Solution and China’s Contemporary Amperex…

ThursdayMar 17, 2022 1:34 pm

Automakers Record Low Inventories While Consumer Interest in Electric Vehicles Increases

The attack on Ukraine by Russia has created a crunch for the electric vehicle industry. The war has led to a sudden spike in gasoline prices just as electric car makers are looking to fulfill their inventory of greener vehicles. Within the last two weeks, Tesla has received approval to set up a battery factory in Germany while Honda, Ford and Stellantis have announced that they are increasing their rates of electric vehicle production. The skyrocketing oil price is the highest it has been in the last 14 years. The surge is expected to drive consumer interest in favor of…

WednesdayMar 16, 2022 1:12 pm

New Inverter Could Make EVs More Efficient

An engineering developer based in the United Kingdom has released an inverter that has received praise for its compact design. Equipmake took an innovative approach by releasing its next generation HPI-800 inverter, which utilizes silicon carbide technology that makes an electric vehicle more efficient. An inverter is a vital component in the operation of electric vehicles (“EVs”). It converts the high voltage DC charge stored in the batteries to multiphase AC current in order to drive the electric motor. In addition, an inverter regulates the speed of the motor by adjusting the frequency of the AC charge similar to the…

TuesdayMar 15, 2022 2:07 pm

Is It Safe to Recharge Your EV While It’s Raining?

The switch to electric vehicles (“EVs”) is not only good for the environment but also beneficial to the owner. A recent study by JD Power revealed that first-time buyers were satisfied with their ownership experiences. This is because in comparison to internal combustion engine (“ICE”) cars, electric vehicles are energy efficient and smoother to run. Moreover, fueling their vehicles is cheaper because they use electricity to charge their batteries. As a result, more EV owners are investing in home charging options because of the convenience. According to research firm Juniper Research, electric car owners spent $3.4 billion on home charging…

MondayMar 14, 2022 1:05 pm

Honda (NYSE: HMC), Sony (NYSE: SONY) Plan EV Joint Venture to Challenge Tesla Inc. (NASDAQ: TSLA)

Honda (NYSE: HMC) and Sony (NYSE: SONY) are coming together through a joint partnership that will see them produce electric cars together. As the demand of electric vehicles (“EVs”) continues to grow, the Japanese companies will be challenging Tesla (NASDAQ: TSLA) and other traditional automakers as well as Chinese manufacturers. Last week, both of the companies' corporate executives told reporters that they would test the waters with the venture on the public market. This comes after EV manufacturers including Tesla achieved high valuations in technology stocks. The partnership emphasizes Japan's effort in growing its domination in the EV sector. Last…

FridayMar 11, 2022 12:44 pm

Tesla Inc. (NASDAQ: TSLA) Signs Supply Agreement with Australian Lithium Producer

Last week Tesla (NASDAQ: TSLA) entered into an agreement with a lithium producer over a term of four years. Core Lithium is an Australian company that will supply the electric carmaker with almost 110,000 tons of lithium spodumene. These transactions come at a time when battery metals such as nickel, lithium and cobalt are facing a rise in demand due to the transition to electric vehicles as the world looks to cut down on carbon emissions. Core Lithium is thrilled with the partnership and is optimistic about growing its future working relationship with Tesla. According to Stephen Biggin, the company’s…

ThursdayMar 10, 2022 11:55 am

Chinese EV Startup NIO Inc. (NYSE: NIO) Ready for Listing in Hong Kong

NIO (NYSE: NIO) has announced that on March 10, 2022, it will be putting its shares up for trading in Hong Kong. The Chinese startup is listed in New York and is making this move as regulatory risks for other Chinese companies continue to grow in China and the United States. However, unlike other Chinese companies that are listed in the U.S., Nio is “listing by way of introduction.” It is neither offering new shares through the listing nor raising money. It is using part of the existing shares to trade in Hong Kong. According to a filing in the…

WednesdayMar 09, 2022 1:01 pm

Survey Shows Level 2 Charging Systems Are Highly Rated Among US EV Owners

A survey by J.D. Power has found that the most highly rated charger is the Level 2 charging system. The survey used data from 8,216 electric vehicle (“EV”) owners who had cars manufactured between 2016 and 2022. The respondents were asked to rate their home charging systems in order to provide their satisfaction of the overall ownership. The findings revealed that the highly rated chargers were the Level 2 chargers, which are permanently mounted and have a high cost. These chargers received an average score of 752 points. Tesla ranks the highest with a score of 797 while ClipperCreek follows…

TuesdayMar 08, 2022 3:33 pm

Why 2022 Could Be Turning Point for EV Adoption

Last year, the demand for electric vehicles (“EVs”) grew in China, Europe and the United States while the demand for gas cars remained stagnant. This huge demand has led some carmakers to require consumers to fork out advance deposits as some models are sold out for the next year and more. Fuel cars contribute to climate change through the emission of greenhouse gases while electric cars are environment friendly because they rely on clean energy for their operation. EVs accounted for 9% of all new cars sold globally last year, up from 2.5% in 2019. This year the number is…

MondayMar 07, 2022 12:52 pm

California Celebrates Milestone of 1 Million EV Registrations

California is pushing for electric vehicle (“EV”) adoption as it plans to transition from depending on fossil fuels. Last week, officials from Governor Gavin Newsom’s office (D-CA) and the California Environmental Protection Agency announced that the one-millionth electric vehicle had been purchased within the state. During the press conference, they announced that the state would have more zero-emission vehicles (“ZEV”) running in comparison to several states combined. This is part of the governor’s plan that he announced in 2020; the plan states that by 2035 ZEV will make up all car and passenger trucks sold within the state. The state…

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