Battery developer Northvolt raises $US1.6 billion for two new gigafactories
Swedish battery maker Northvolt announces $US1.6 billion round of debt financing intended to support development of two li-ion battery gigafactories.
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Joshua S. Hill
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General Motors starts construction of Ultium battery factory
Steel construction begins on three million-square-foot factory in Lordstown, Ohio that will build GM's Ultium battery cells and packs.
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Tesla rival Lucid Motors unveils semi-autonomous DreamDrive
Saudi-backed Tesla rival Lucid Motors unveils new benchmark for advanced driver-assisted electric vehicles with system offering “most comprehensive sensor suite on the market”.
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BMW to build all-electric 5 Series as part of bid to reduce carbon emissions
BMW to offer fully electric 5 Series model as part of company’s larger push to reduce CO2 emissions by 80% per vehicle and increase resource efficiency.
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Mitsubishi to focus on plug-in hybrids over electric cars in new business plan
Japanese automotive giant Mitsubishi says new three-year mid-term business plan will focus on plug-in hybrid EVs and all electric cars.
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Lifetime cost of electric cars already lower than comparable ICE vehicles
New research has found that the lifetime cost of an electric powered car is cheaper than a comparable petrol model.
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