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…

If an EV is charged quickly in a hot climate, its lithium-ion battery can become too hot and become damaged. To be able to test this realistically, Mahle has now equipped its climatic wind tunnel in Stuttgart with a direct current fast charging system. The test engineers there can charge electric vehicles with up to…

Based on new business awards and actions announced to date, BorgWarner says it believes it is on track to achieve approximately $4.3 billion of electric vehicle (EV) sales by 2025. The company also expects its 2023 EV sales to grow to $1.5 billion to $1.8 billion, up from $870 million in 2022. BorgWarner is building…

StoreDot has partnered with Circulor, a supply chain traceability solution, to track the provenance and CO2 emissions of the raw materials used in its battery cells and its manufacturing cells process. StoreDot says working with Circulor will help to create a more transparent battery supply chain to provide full traceability for global automotive manufacturers and…

Electrify America has announced two leadership changes with Giovanni Palazzo becoming chairman of the board of Electrify America and senior vice president of charging and energy, a global position at Volkswagen Group; and Rob Barrosa becoming Electrify America’s president and CEO. Palazzo will continue to work closely…