EV Related Business Sales and Trends
Hyzon working to decarbonize oil, gas field operations

Hyzon Motors says it is teaming up with Schlumberger Limited to reduce emissions in upstream oil & gas operations with power generated by its heavy-duty fuel cell systems. Hyzon announced a joint development agreement (JDA) with Schlumberger, a provider of technology to the global energy industry. Under the JDA, Hyzon says it will utilize its

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Porsche invests in industrial eFuel production facilities

Porsche is strengthening its commitment to industrial production of eFuels, investing $75 million in HIF Global LLC. In return, the sports car manufacturer is acquiring a long-term stake in HIF Global LLC, a holding company of internationally active project developers of eFuel production facilities. Among other projects, the Santiago de Chile-based company is building the Haru Oni

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InoBat Auto & Ideanomics plan to build R&D, battery production facilities

InoBat Auto, in cooperation with Ideanomics, plans to embark upon a phased investment project based in Indiana, in three stages. First, the companies open a new R&D and production facility for battery module and pack assembly with an initial annual production capacity of 100 MWh. Both parties then aim to construct a full commercial-scale battery module

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One thousand upfit Ford electric vans going to Creative Bus Sales

Creative Bus Sales will purchase 1,000 new Ford E-Transit vans from Forest River, a company that has inked a partnership with Ford Motor Company to enable them to complete passenger upfits on the E-Transit 350 Cargo vans. The E-Transit is Ford’s first OEM electric, large passenger vehicle and is built using the trusted Transit 350

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GM announces two new EV battery deals

General Motors recently announced two deals to help the company secure battery materials. The first is with LG Chem to supply Cathode Active Material (CAM) to GM, and the second is a multi-year sourcing agreement in which Livent will supply GM with battery-grade lithium hydroxide. GM says the supply agreement with LG Chem will help GM meet its

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Moke to sell its shareholdings to EV Technology Group

Moke International has agreed to sell up to 100% of its shareholdings to EV Technology Group (EVTG). EVTG says it specializes in electrifying iconic automotive brands and the strategic move comes as Moke International launches the new British-built Electric Moke. Moke International says it will benefit from EVTG’s product development, engineering and manufacturing capabilities.  In

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U.S. electric truck market expected to be worth $15B by 2030

The U.S. electric truck market revenue in 2030 is expected to be $15.084 billion, growing at a 54.0% CAGR, according to a recent report on the U.S. electric truck market by Researchandmarketing.com. Additional findings of the report include: Light-duty variants of electric trucks are the most bought in the U.S. because of a rich culture

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Tire Industry Association launches EV advisory council

As the automotive industry shifts toward producing electric-powered vehicles, the Tire Industry Association (TIA) has launched an Electric Vehicle Advisory Council (EVAC) to begin evaluating the impact of this evolution on the tire industry. The council will focus on educating and training tire and auto dealers on the proper service techniques and procedures of EVs,

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Kodak pictures film machines as EV battery makers

Eastman Kodak – yep, the analog photography products company – has taken a minority stake in Wildcat Discovery Technologies (Wildcat), a technology company developing new battery materials. Wildcat says it is developing an EV “super cell” designed to provide a greater than 90% improvement in energy density over today’s best batteries, and Kodak’s investment will

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Mullen Automotive to supply DelPack Logistics with EV cargo vans

Mullen Automotive has signed a binding agreement with DelPack Logistics, LLC (“DPL”), an Amazon Delivery Service Partner, for DPL to purchase up to 600 Mullen Class 2 EV cargo vans over the next 18 months.  Conditions to the binding agreement between Mullen and DPL include the following:  DPL will place a purchase order for up

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Michelin promotes EV tires via Volta’s EV charging/media network

Volta Inc. partnered with Michelin North America, Inc. to bring the brand’s “Motion For Life” campaign to millions of EV drivers and consumers in the U.S. The campaign showcased Michelin’s tires designed to maximize EV performance, making Volta—both an EV charging and media network—the ideal platform to meaningfully reach audiences while positively impacting the environment,

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Canada announces new decarbonizing investments for EV Week

During EV Week (July 11-15) the Government of Canada announced new developments in charging infrastructure, battery manufacturing, purchase incentives and zero-emissions buses. Deploying charging infrastructure Since 2015, the Canadian government says it has invested $1 billion to make EVs more affordable and chargers more accessible. These investments are supporting the establishment of a nationwide network of

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