Mullen acquires controlling interest in Bollinger Motors
Mullen Automotive, Inc. has acquired a controlling interest in Bollinger Motors. This is Mullen’s first EV acquisition and propels the company into the medium-duty truck Classes 3-6 space, along with the B1 and B2 sport utility trucks. The purchase price is $148.2 million in cash and stock for a 60% controlling interest, which gives Mullen
Amprius Technologies merges with Kensington Capital
Amprius Technologies, Inc. has completed its business combination with Kensington Capital Acquisition Corp. IV, a special purpose acquisition company. On Sept. 15, Amprius’ common stock began trading on the NYSE under the ticker symbol “AMPX” and Amprius’ public warrants will trade under the ticker symbol “AMPX.W.” The transaction will result in gross proceeds of approximately
Autel Energy appoints new chief operating officer
Autel Energy has appointed John Thomas to lead its newly created North American business unit as chief operating officer. Thomas will oversee sales, marketing, manufacturing and strategy at Autel Energy and report to Chloe Hung, CEO of Autel U.S.A. The company says Thomas brings over 30 years of automotive, government relations and transportation expertise, including
Redline Detection chosen for Jaguar Land Rover tool program
Jaguar Land Rover has mandated Redline Detection’s Battery + Coolant Leak Detector (BCDL) as an “essential tool” at its global dealer locations. This gives assurance that battery enclosures, battery coolant systems, and other EV components are sealed to meet all OEM and battery manufacturer warranty standards, Redline Detection says. The BCLD is used during battery
Stellantis invests $99M on new hybrid engine production
Stellantis will invest a total of $99 million in three North American plants to produce a new engine is a 1.6-liter, I-4 turbocharged unit with direct fuel injection and flexibility for hybrid-electric vehicle (HEV) applications. Investments will be made at the Dundee Engine Complex in Michigan, the Kokomo Casting Plant in Indiana and the Etobicoke
Mercedes-Benz Vans, Rivian partner on electric vans
Mercedes-Benz Vans and Rivian are initiating a strategic partnership to cooperate on the production of electric vans. The companies say they intend to establish a new joint venture manufacturing company with the purpose of investing in, and operating, a factory in Europe to produce large electric vans for both Mercedes-Benz Vans and Rivian, starting in
Automotive technology firms launch EV video education platform
Three automotive technology and research industry firms have partnered to create videos about EVs to help consumers find the right vehicle for their needs. inSearchX, a consulting and advisory service organization, says its AskOtto quiz uses AI to scientifically recommend EV models that fit the needs and lifestyles of the consumer. Consumers answer five questions
Worldwide off-highway EV industry expected to reach $42.7B by 2030
A recent report from Research and Markets shows the global off-highway electric vehicle market size is expected to reach $42.70 billion by 2030, registering a CAGR of 31.7% during the forecast period. The report indicates that stringent emission regulations by government agencies, such as emission standards for Greenhouse Gas emissions by the U.S. Environmental Protection Agency and
Mullen opens California EV development center
Mullen Automotive, Inc. is opening a new automotive development center in Irvine, California. Currently, Mullens says it is planned that the Irvine automotive development center will be home to the engineering design and development, styling, program management, marketing and finance teams, whereas battery, powertrain, thermal, and infotainment teams will be located at the high-voltage facility
Everrati Advanced Technologies to provide B2B consulting
Everrati Automotive Limited has launched a new division that will provide commercial B2B clients with a consultation on a suite of electrification solutions for commercial clients, from initial concept, analysis services and feasibility study to complete turnkey EV powertrain provision, using Everrati automotive EV propulsion system platforms as a starting point. In addition, EAT will
IMR Research Shows Impact of EV Service at Independent Shops
IMR has released an update with new insight on its research on how battery and hybrid electric vehicle service is impacting independent repair shops. Between June 1-30, IMR says it interviewed 500 independent repair shops in the U.S. to update its original findings from 2021 on trends relating to service exposure in independent repair shops
Independent aftermarket boosted by out-of-warranty Teslas
Tesla‘s shift toward a vertically integrated sales and service model creates the need for traditional partnerships with third-party franchised dealers for vehicle repairs, finds Frost & Sullivan’s recent analysis growth opportunities in Tesla’s global aftersales strategy. Frost & Sullivan say this leads the company to ramp up its mobile service fleet and collaborate with independent aftermarket repair
