Stellantis and CATL to build $4.3 billion EV battery plant in Spain

Stellantis and CATL to build .3 billion EV battery plant in Spain

Stellantis worker at work inside of the new Hybrid and PHEV Vehicles Stellantis Group eDCT Assembly Plant on April 10, 2024 in Turin, Italy. Stefano Guidi | Getty Images News | Getty Images Automaker Stellantis and Chinese battery giant CATL on Tuesday announced plans to jointly build a 4.1 billion euro ($4.3 billion), large-scale lithium … Read more

EV tax credit ‘catastrophically stupid’: Incoming Ohio Sen. Moreno

EV tax credit ‘catastrophically stupid’: Incoming Ohio Sen. Moreno

Republican Senator-elect Bernie Moreno, who made his living as a luxury car dealer before running against and defeating Democrat Sherrod Brown in the large manufacturing state of Ohio, said he is aiming to become the “car czar” within the Senate for the next Trump administration. If Moreno is to fill that role, one of the … Read more

Lilium faces insolvency as air taxi firm struggles to raise cash

Lilium faces insolvency as air taxi firm struggles to raise cash

German company Lilium produces flying electric passenger drones. Lilium German aerospace startup Lilium faces insolvency if it doesn’t raise emergency funding from the state government for the southeastern state of Bavaria. Insolvency would mark a dramatic fall for a startup once touted as Europe’s best chance at building the 21st-century equivalent of “cars” that can … Read more

Big Tech turns to nuclear energy to fuel power-intensive AI ambitions

Big Tech turns to nuclear energy to fuel power-intensive AI ambitions

The OpenAI app icon displayed along with other AI applications on a smartphone. Jonathan Raa | Nurphoto via Getty Images Technology giants are turning to nuclear energy to power the energy-intensive data centers needed to train and run the massive artificial intelligence models behind today’s generative AI applications. Microsoft and Google are among the firms … Read more

Bill Gates-backed startup on the global gold rush for buried hydrogen

Bill Gates-backed startup on the global gold rush for buried hydrogen

The team from the Geological Agency of the Ministry of Energy and Mineral Resources (ESDM) took samples of natural hydrogen gas found in One Pute Jaya Village, Morowali Regency, Central Sulawesi Province, Indonesia, 23 October 2023. Nurphoto | Nurphoto | Getty Images Koloma, a U.S.-based clean fuel startup backed by Bill Gates and Jeff Bezos, says it … Read more

Porsche-backed Cylib breaks ground on huge EV battery recycling plant

Porsche-backed Cylib breaks ground on huge EV battery recycling plant

Cylib, a startup backed by Porsche and Bosch, is building a huge electric vehicle battery recycling facility in Dormagen, a town in Germany’s North Rhine-Westphalia region. Cylib A massive battery recycling plant is being built in Germany by Cylib, a startup looking to reduce waste from EV batteries that have reached the end of their … Read more

China’s Zeekr to launch first electric SUV, priced to undercut Tesla’s Model Y

China’s Zeekr to launch first electric SUV, priced to undercut Tesla’s Model Y

Geely-backed Zeekr is releasing an electric SUV in direct competition with Tesla’s Model Y. Zeekr Electric vehicle company Zeekr announced Friday that it would launch its first SUV in China next month, undercutting Tesla’s Model Y pricing in the country by over $1,400. The Zeekr 7X, priced at 239,900 yuan ($33, 829), is the Chinese … Read more

This Nvidia partner can help AI data centers halve energy consumption

This Nvidia partner can help AI data centers halve energy consumption

The HyperCube utilizes advanced immersion cooling technology. Sustainable Metal Cloud The artificial intelligence boom is ramping up demand for more powerful processors as well as the energy needed to keep data centers cool. That’s an opportunity for data center company Sustainable Metal Cloud, which operates “sustainable AI factories” made up of its HyperCubes in Singapore … Read more

Chinese EV makers debut in Singapore as city-state dangles incentives

Chinese EV makers debut in Singapore as city-state dangles incentives

GUANGZHOU,CHINA – NOVEMBER 24: A ZEEKR X is on display during the 2023 Guangzhou International Automobile Exhibition at China Import and Export Fair Complex on November 24, 2023 in Guangzhou, Guangdong province of China. (Photo by Stringer/Anadolu via Getty Images) Anadolu | Anadolu | Getty Images More Chinese electric vehicle brands are launching in Singapore … Read more

EV owners around the world want to go back to buying gas cars

EV owners around the world want to go back to buying gas cars

Ford Mustang Mach E electric vehicles are offered for sale at a dealership on June 05, 2024 in Chicago, Illinois.  Scott Olson | Getty Images News | Getty Images Car buyers who were among the first to make the EV switch are far from wholly converted. Nearly 30% of electric vehicle owners globally are likely … Read more