Electric Vehicle

Electric Vehicles (EV) are the newest automotive trend, and developed and developing countries alike are transitioning away from traditional internal combustion engine (ICE) vehicles in favor of EVs. Electric vehicle technology is garnering global attention as a means of reducing reliance on fossil fuels and achieving the global goal ofContinue Reading

tesla grant

According to German newspaper Der Tagesspiegel, Tesla is in line to receive a €1.14 billion grant from the German Ministry for Economic Affairs and Energy (BMWI) to help build a new battery factory adjacent to its new factory in Grünheide near Berlin. Tesla’s total investment in the Grünheide battery factoryContinue Reading

Benz

Mercedes-Benz is increasing its battery production in its factory in Kamenz, Germany, as it preps for the rollout of more fully electric vehicles. They are investing in 9 factories in 7 locations in Europe, Asia, and North America, largely through fully owned subsidiary Accumotive. The company is investing $1 billionContinue Reading