Read below a round up of the latest news from the electric vehicle sector.
MARKET NEWS
- Britishvolt has secured funding from Abrdn and The Treasury to finance the county’s largest planned gigafactory for the production of EV batteries. Link
- UK’s public charging network grew 37% last year with 7,600 devices added. Link
- Bentley pledges £2.5bn for Crewe plant in electric cars move. Link
- Electric car owners face ‘postcode lottery’ as just 21 councils offer free charging points. Link
- Lamborghini’s first EV is coming in 2028, as it launches its final pure combustion model this year. Link
- Tim Eggar, the chairman of the Oil and Gas Authority has started a new role as chairman at RAW Charging. Link
- LG’s battery business delivered South Korea’s biggest ever IPO last week. Link
- Britishvolt has signed a multi-million pound agreement with a government-backed research facility (UKBIC) to develop long-range batteries. Link
- Williams Advanced Engineering, the high-performance battery developer, has been bought by Australian miner Fortescue Metals for £164m. Link
- General Motors is investing $7bn in a site in Michigan to boost the production of electric pickups in North America. Link
- Addionics, the Israeli battery company, has raised $27m to scale up its electrode technology that reduces electric vehicle battery costs and boosts performance. Link
- MFG and LondonMetric have signed a partnership deal to supply ultrarapid EV charging hubs at six sites nationwide. Link
ARTICLES
The Telegraph – The hidden cost of charging an electric car at home Link
One of the major appeals of electric-only driving is the ability to “refuel” at home. Although, installing chargers is more difficult than it may seem. EV owners need to consider that their property may have to be dug up to fit charging points or have to pay a hefty price to upgrade their electricity supply to cope with the demands of chargers.
Financial Times - The EV revolution needs an energy surge Link
Unless the charging challenge is quickly fixed, the electric vehicle revolution may blow a fuse. Car manufacturers now produce some great electric vehicles but there is need for more charging infrastructure.
STATISTIC OF THE WEEK
