Magna has secured new business from General Motors to supply battery enclosures on the new 2024 Chevrolet Silverado EV. The company will produce the enclosures at its Magna Electric Vehicle Structures facility in St. Clair, Michigan, where it already produces the battery enclosure for the GMC Hummer EV. Magna recently announced significant investment plans for…

In late February, Honda and LG Energy Solution held the official groundbreaking ceremony for a new joint venture EV battery plant over 2 million square feet in size, to be located in Fayette County, near Jeffersonville, Ohio. The two companies have committed to invest $3.5 billion in…

BendPak says it has improved, expanded, and branded its EV battery scissor lift table lineup to make servicing both electric and internal combustion vehicles more efficient. The new Mobi-EVS EV battery and powertrain lifting system family includes an upgraded model EV2400SL and new, higher-capacity model EV4000SL. Mobi-EVS…

In late February, Honda and LG Energy Solution held the official groundbreaking ceremony for a new joint venture EV battery plant over 2 million square feet in size, to be located in Fayette County, near Jeffersonville, Ohio. The two companies have committed to invest $3.5 billion in the new joint venture (JV) facility, with their…

BorgWarner has agreed to acquire the electric vehicle solution, smart grid and smart energy businesses of Hubei Surpass Sun Electric (SSE). The transaction has an enterprise value of up to RMB 410 million (approx. $59.36 million). Headquartered in Xiangyang, Hubei province, China, SSE’s electrification business supplies patented…

Qnovo, an e-mobility battery management software company, has announced a collaboration with NXP Semiconductors. NXP will offer Qnovo’s SpectralX – an intelligent battery management system (BMS) software that uses predictive analytics to improve battery performance, range, and safety in several types of EVs with any type of lithium-ion battery – in its e-mobility enablement solutions…

Bank of America will being offering consumers the option of financing their residential electric vehicle (EV) chargers alongside their auto loans. Based on growing client demand for streamlined solutions that make driving an electric car easier and more convenient, Bank of America now offers dealers and manufacturers the option of letting consumers finance these chargers.…

StoreDot is expanding with the official opening of its first U.S. research facility in Irvine, California. The company says the new lab facility will be used to speed up StoreDot’s development of semi-solid battery technology and battery material research. The U.S. team is headed by StoreDot’s Global Chief Science Officer Dr. David Lee, with plans…

The Auto Care Association is forming a new advisory committee that focuses on environmental sustainability in the automotive aftermarket. The new sustainability committee aims to increase awareness of the importance of sustainability, while supporting Auto Care members by encouraging industry best practices in a quest to become more environmentally friendly. The Auto Care Association says…

California Governor Gavin Newsom joined Tesla CEO Elon Musk this week on a tour of Tesla’s new global engineering and AI headquarters in Palo Alto. Since 2009, California has supported Tesla via tax breaks and financial incentives, though despite this, Musk moved the company’s headquarters to Austin, Texas in 2021. Now, California will remain the…