Alliance Ventures has announced that it has invested in the latest round of funding in Enevate Corporation, a lithium-ion (Li-ion) battery technology company based in Irvine, California. Francois Dossa, Alliance Global vice president, ventures and open innovation, said, ‘We are pleased to participate in Enevate’s latest funding round. This strategic investment allows us to support [...]

With the South Korean battery cell manufacturer SK Innovation (SKI), the Volkswagen Group has named a further strategic supplier for electric vehicles based on the Modular Electric Toolkit (MEB). SKI will supply the batteries for North America and a share of the batteries to produce VW’s full- electric vehicles in Europe. VW plans to bring [...]

According to Reuters, Volkswagen might build up to 50 million electric cars on its new electric vehicle (EV) platform and is hinting at increasing its manufacturing in the United States, chief executive Herbert Diess stated to Automotive News. ‘We set up the plant in Chattanooga always with the idea to be able to grow it, [...]

Maven Capital Partners and the Development Bank of Wales have confirmed a £3m equity investment in Motokiki, an independent vehicle tyre comparison website. The investment of £1.5m by each funder will support Motokiki’s drive to develop new strategic partners, and fund sales and marketing initiatives to raise awareness of the brand and grow its customer [...]

HELLA is participating in a consortium initiated by BAIC to develop an intelligent mobility infrastructure in Beijing. This includes communication between vehicles and their environment, via traffic lights equipped with sensor technologies, for example. A total of thirteen international and Chinese technology companies are involved in the non-exclusive cooperation. ‘We have a very close and [...]