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BorgWarner forms joint venture with Shaanxi Fast Auto Drive Group

BorgWarner agreed to form a joint venture with Shaanxi Fast Auto Drive Group, a China-based market-leading commercial vehicle (CV) parts supplier specializing in transmission and drivetrain systems. “By jointly working on a high-voltage inverter application for high-efficiency vehicles such as heavy-duty trucks and off-road vehicles, this joint venture will support our business growth for power…

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Stellantis invests in sodium-ion battery developer Tiamat

Stellantis Ventures, the corporate venture fund of Stellantis N.V., said it will participate as a strategic investor in Tiamat, a France-based company that is developing and commercializing sodium-ion battery technology. Sodium-ion technology offers a lower cost per kilowatt-hour and is free of lithium and cobalt. Abundantly available sodium offers benefits in increased sustainability and material…

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ChargePoint announces reorganization

ChargePoint, a provider of electric vehicle (EV) charging solutions, introduced a strategic reorganization to improve financial performance and foster growth. The reorganization includes a reduction of about 12% of its global workforce. The company said its reorganization is expected to result in approximately $14 million in restructuring charges, comprising around $10 million in severance and…

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Design Engineering Inc. debuts fire blanket for EV safety

Design Engineering Inc. (DEI) recently released its EV Fire Blanket, which the company says has been engineered specifically for the evolving landscape of electric vehicle (EV) technology, particularly concerning lithium-polymer (LiPo) batteries and electrical systems. With a 30-minute burn-through time, the company says the EV Fire Blanket provides a window for containment and suppression in…

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